2004News

DA on the Bancredito case

Diario Libre reports on Santo Domingo District Attorney Maximo Aristy Caraballo’s statement ratifying last week’s declaration regarding the Bancredito executives. Unlike the Baninter case, the DA is of the belief that there were no legal irregularities in the contract of sale between Banco Profesional and Bancredito, which was eventually taken over by the Leon Jimenes …
2004News

Strike to cost RD$3 billion

The government-intervened Listin Diario carries the headline this morning that the current nationwide strike will cost the country RD$3 billion. In his speech last night, President Mejia called the national protest “dangerous to the social peace of the country.” The chief executive called the strike leaders “clumsy” and “insensitive,” pointing out the little time remaining …
2004News

DR kind of strike

DR1 reports from around the country indicate overall support for the strike in major cities, while business is being conducted as usual in the tourist areas. Dominicans in the major cities have been maintaining the nationwide strike since early this morning. Many employees reported to work, and those who use public transport informed that they …
2004News

Taxes

The Internal Revenue Department (DGII) included telecommunications in the applications of the SCT (the transitory joint contributions, a government euphemism for a short-term tax). These monies will be used to complete the resources needed to fulfill the demands of the IMF accords. Towards the end of last year, the monetary authorities came to an agreement …