2004 – Page 259

PRD pre-Presidential candidate Rafael “Fello” Subervi Bonilla has said that in his view the current problems in his party are political, not legal, and that the Central Electoral Board (JCE) was wrong to validate the results of the so-called PPH convention last Sunday, which saw President Hipolito Mejia obtain an overwhelming victory over a political …

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Although the Ley de Lemas is said to be on hold, it shows no sign of fading from view. The National Committee for State Reform (Conare), whose director Tirso Mejia Ricart is one of the main movers behind the Ley de Lemas, has come out in defense of the proposed law. Conare has taken out …

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There is no specific mention of it in the Electoral Law, but for some time now it has been popular belief that official proclamation for party candidates were registered by the president and the secretary of the political party. Henry Mejia of the Hatuey Decamps faction of the PRD disputes public statements made by Judge …

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An article in Thursday’s Miami Herald makes a somber assessment of the current political situation in the Dominican Republic, saying that the current divisions and disagreements within the PRD “could put the Caribbean nation on a collision course with democratic principles.” It specifically cites the “Ley de Lemas” as a factor in putting the credibility …

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The Gigantes de San Francisco, former Major League player Stanley Javier’s rookie team and undeniable underdogs, defeated the league champions, the Aguilas Cibaenas, earning themselves the right to do battle next against Santo Domingo’s Licey Tigers in the finals of the Dominican Winter Professional Baseball League. The winner of these finals will represent the DR …

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The International Monetary Fund mission chief to the Dominican Republic has spoken favorably of the Central Bank’s efforts to strengthen monetary controls. Marcelo Figuerola said in a communique released on Wednesday evening: “The Central Bank has embarked on a strengthening of monetary control to increase demand for peso-denominated assets and reduce the inflation rate significantly …

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Inter-American Development Bank president Enrique Iglesias has welcomed the economic policy measures the government has made in fulfilling the International Monetary Fund’s prerequisites, as part of the technical agreement with the IMF. In a statement, also issued yesterday, Iglesias announces a proposal for the IDB to approve an emergency loan of US$200 million for the …

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The president of the Association of Haina Industries and Businesses, Rafael Alvarez Crespo, criticized the decision of the Central Bank to increase the interest rates to which commercial banks set their rates. The CB announced on Tuesday an increase in the interest rate to be charged by the so-called Ventanilla Lombarda from 45% to 55%, …

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The president of the National Association of Young Entrepreneurs, Manuel Diez Cabral, alerted deputies not to rush the financial risk bill through Congress as received from the Senate, as changes have been made that contradict the spirit of the law. Deputies have been told they must approve the bill by today because it is a …

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The news for the agricultural sector continues to be gloomy, with very few Dominican products said to be on the FTA list of products due for removal of trade tariffs, according to economist Frederic Emam Zade in Hoy newspaper. Out of 8,000 products on the list, just 600 are of Dominican origin – less than …

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