2004 – Page 243

The director general of the Civil Aviation Board, Carlos Alvarez Guzman, announced the closing of operations of Herrera International Airport in Santo Domingo, scheduled for 5 March. The Fernandez government granted the land where the airport is located to engineering companies in exchange for debt contracted to expand the Duarte Highway. Herrera’s operations would be …

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The Listin Diario reports that despite Article 73 of the DR’s electoral law, which establishes a period of five days for the Central Electoral Board (JCE) to issue an opinion in favor or against the registration of any political party’s presidential candidate, the JCE has yet to set a date for the review of the …

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The strategic director of the presidential campaign of the Dominican Liberation Party (PLD), Danilo Medina, said that all the money in the world will not be able to keep the PRD in power. As reported in the Listin Diario, Danilo Medina said, “There is no possibility that they can steal the victory from Leonel Fernandez …

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The president of the Dominican Episcopate Conference and Archbishop of Santiago, Monsignor Ramon de la Rosa y Carpio, said yesterday that the Church will continue to protest the government’s handling of the country. The monsignor was referring to the role of the Church as defender of the people. He said Dominicans today feel impotent and …

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Grupo Financiero Nacional affiliate company clients who suffered the confiscation or loss of revenues when that financial body collapsed in the second half of last year have taken the company to court. The private group is demanding a settlement of US$40 million. The case was presented to Judge Doris Pujols Ortiz, who will preside over …

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Central Bank Governor Jose Lois Malkun announced late Friday that the Dominican government had paid US$74 million to foreign creditors. The sum included the interest payment due on the US$600-million dollar sovereign bond emission, whose belated payment caused several credit assessment institutions to lower their ratings on Dominican Republic bonds and banks to their lowest …

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As the prolonged series of power outages continued to punish the general population, President Hipolito Mejia said that the appointments of high-ranking military figures to the commission that will “talk” to the power generators is due to the fact that the outages are a threat to the Dominican state. According to El Caribe, Cesar Sanchez, …

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Central Bank Governor Jose Lois Malkun, in an interview with El Caribe published on Saturday, said that a major tax reform is due to be presented this March, to comply with income levels that have been stipulated in the standby arrangement with the International Monetary Fund (IMF). The tax reform will also serve to compensate …

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El Caribe newspaper reports that in the past two months the government has sent Congress requests for financing worth US$550.9 million. The newspaper explains that 58% of the loans have been deposited in the past three days (from 6-8 January). The funds would be used to expand the communications system of the Armed Forces, implement …

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As readers surely know by now, gasoline broke the RD$100 mark over the weekend, with the price of premium hitting an incredible RD$105.20 per gallon. The RD$6.05 increase followed a RD$0.15 decrease last week. Regular gas also approached the RD$100 level, rising to RD$96 a gallon, for an increase of RD$6.96. Diesel fuel increased by …

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