2004 – Page 65

Geoffrey Gottlieb of Goldman Sachs brokerage firm in the 5 October Emerging Markets Daily Comment focuses on the DR and mentions that bondholders have formed a steering committee to assist in any eventual debt restructuring. He believes this could happen in December or January, before the January coupon payment date. Gottlieb says that it is …

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Cardinal Nicolas de Jesus Lopez Rodriguez urged a purge of the Police to confront the wage of crimes that is affecting the country. “I believe the chief of the Police is a serious man, of good will, but he needs to purge the Police because if he doesn’t, we are tieing up dogs with sausages,” …

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The District Attorney Manuel Hernandez Peguero has requested a ban on former Police Chief Jaime Marte Martinez leaving the country. The now retired general is under investigation for his involvement in the case of the stolen vehicles that were recovered by the police and thereafter used by police officers and persons with connections in government. …

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So far some 118 vehicles have been returned that were irregularly used by police officers and civilians connected to persons with political influence. Diario Libre carries today the story of Diego Pena, owner of a Mitsubishi Montero 2003 that was stolen. In his attempt to sue Mirquella Aguasvivas after finding her name on an insurance …

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The Police announced the arrest of Bartolo Ramon Rosario Peralta (alias El Viejo) believed to be behind the robbery of RD$25 million as reported by three employees of the Leonor & Asociados exchange house in the Colonial City on Monday. Spokesman for the Department of Criminal Investigations of the Police, Jose Rafael Castro said that …

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A millionaire contraband of nine kilos and 900 grams of cocaine was confiscated at the Punta Cana International Airport yesterday. The National Drug Control Department (DNCD) reported that three employees of the ground cargo handling company were arrested for investigations. Bueno Torres, spokesman for Vice Admiral Ivan Pena Castillo of the DNCD said that the …

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Dominican fashion designer, Leonel Lirio has been recognized internationally once again, as reported in El Caribe today. Cynthia Olavarria, representative of the Puerto Rico town of Salinas, last Saturday won three awards in the first competition to choose the Puerto Rican candidate to the Miss Universe contest. Olavarria won the best dress, fantasy and best …

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US Secretary of Health Tommy G Thompson, US Surgeon General Richard H Carmona and Randall Tobias, the coordinator of US government activities to combat HIV/AIDS globally, participated in the opening of the III Conference on HIV/AIDS for the United States Mission Chiefs in the Caribbean, as reported in El Caribe. During the event, Thompson urged …

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Fabio Guzman, who answers questions on the DR1 Legal Forum, summarizes the main changes contained in the new tax reform law. See http://dr1.com/forums/showthread.php?t=35103

The periodic Ros Consulting survey on wages paid by Dominican corporations indicated that earnings increased by 3-40%, with an average 18% more money earned across the board. The study looks into salary increases for the first eight months of the year. The survey also showed that the minimum wage paid in the participating companies was …

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