2004News

10 new FTZ permits

The national Free Trade Zones council has issued permits for ten more companies to set up factories in the Dominican Republic. Jeanette Dominguez, director of the FTZ council, said yesterday that the new companies would be operating in Santiago, San Pedro de Macoris, Nigua and Bani, among others, and would generate an estimated 3,000 new …
2004News

Beer bash

In contrast to the Dominican rum producers, as reported in last week’s DR1 news, the country’s beer manufacturers have welcomed the new tax law as part of the 2004 budget in which alcoholic drinks are taxed according to alcoholic grade. This new system favors the beer sector because it will lead to a reduction in …
2004News

Oh no!

Among those who received Presidential pardons last month was the “King of Ecstasy”, Juan Carlos Ozuna, a convicted drug dealer sentenced to serve five years. According to Diario Libre, members of the pardons review committee said that several pardoned convicts were not screened by the committee and their pardons were therefore a surprise. Ozuna was …
2004News

Mejia to Mexico

President Hipolito Mejia travels to Monterrey, Mexico on Monday to take part in the Special Summit of the Americas on the 12 and 13 of this month. With attendees such as United States President George Bush expected, the gathering will unite representatives of 34 member nations of the OAS (Organization of American States). The heads …