2004 – Page 39

Roberto Rodriguez Marchena, the spokesperson for the Fernandez administration, announced on Friday that the government would strive to reduce the information forthcoming from government in order not to cause undue concern to Dominican families. Rodriguez Marchena said that a study showed that Dominicans are fed up with the presence of government officers in their homes, …

Read more…

The Central Bank reports that, for the first time in the past 22 months, there is no need to print money without sufficient reserves. According to El Caribe newspaper, the printing machine of the so-called “inorganicos” has been shut down. On 1 November, the number of certificates of deposits represented RD$2.72 billion more than the …

Read more…

The implementation of Tax Reform Law 288-04, which upped the ITBIS sales tax from 12% to 16% and imposed increased luxury taxes (Impuesto Selectivo al Consumo), left its mark on the inflation rate in October. The Central Bank reported that inflation rose 1.35% for the month, with accumulated inflation for the first 10 months of …

Read more…

Business leader Celso Marranzini told Hoy newspaper that he is opposed to mandatory wage increases for businesses. He said that the National Salaries Commission (CNS) should stick to legislating the minimum wage, not wages in general. As reported, he said that it is now up to the Ministry of Labor to judge the merits of …

Read more…

The Ministry of Industry & Commerce announced a decline of RD$4.40 in the price of premium and regular gasoline and RD$7.10 for a gallon of diesel. Resolution 111 establishes that a gallon of premium gasoline would cost RD$99.40 as of Saturday, 6 November, and regular gasoline RD$90.10 and diesel RD$69.60. Prices will remain in effect …

Read more…

The Dominican Republic’s currency dipped below the 8 September rate of RD$30.64 and a US dollar was being bought for less than RD$30 for the first time over the weekend. According to Freddy Ortiz, the president of the Association of Remittance Companies, the flow of foreign currency has surpassed the economy’s capacity to purchase dollars …

Read more…

Italy’s minister of environment, Altero Metteoli, visited the Dominican Republic last week to offer his nation’s assistance in local environmental matters. During his stay, he met with the Dominican ministers of culture, tourism and environment.

Thirteen-year-od Javier Rodriguez Liriano was rescued in a joint effort by Dominican authorities and the United Nations military forces in Haiti after being kidnapped in a case of mistaken identity. The military delivered the boy to the Dominican consulate in Ouanaminthe, where Dominican Consul Andres Bocio Fortuna and Dajabon’s Governor Sonia Mateo received him. Following …

Read more…

El Caribe reports that from 1-5 November in the Province of Santo Domingo and the National District 46 vehicles were stolen. This is a record before the 279 reported stolen in the first eight months of the year. The figures include cars, 4-wheel SUVs and pick-up trucks. In the week of 23-29 October alone, 23 …

Read more…

Fundacion del Real Madrid, one of the most famous football teams in Europe, signed a cooperation agreement with the Ministry of Sports. Minister of Sports Felipe (Jay) Payano signed for the DR and Miguel Angel Arroyo Gomez, director of the Real Madrid, for the foundation. Spanish Ambassador Maria de Jesus Figa Lopez and former soccer …

Read more…