2004 – Page 88

Several TV and radio talk shows have been proposing that establishments frequented by youths close their doors earlier. For years now, adolescents and young adults have been visiting these late-night hotspots from 12am to 3am, arguing that nobody shows up before those hours. Zoila Luna, Adriano Miguel Tejada, Cesar Medina and Freddy Beras Goico have …

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The Dominican Republic is on the five-day forecasted track route of Hurricane Ivan, currently making its way western through the Caribbean from Cape Verde on the coast of Africa. The forecast has the hurricane touching ground in the Dominican Republic at the southwestern town of Barahona and exiting by way of Jimani, as it takes …

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During the opening ceremony of the National Hotel & Restaurant Association Trade Show at the Dominican Fiesta Hotel yesterday, President Leonel Fernandez announced the formation of a tourism cabinet to design and support a sustainable competitive strategy and his plan to consolidate the achievements of the sector. The tourism cabinet will be made up by …

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President Leonel Fernandez announced yesterday that he would seek a two-year Stand By Agreement with the International Monetary Fund (IMF). He said that this would provide more funding than the agreement that was signed earlier this year by the Mejia government, but which was suspended after that administration failed to comply with the terms established. …

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The IMF resident economist in the Dominican Republic, Ousmene Jacques Mandeng, says that the lower interest rates and longer time frames are clear signals that the measures being taken by the Central Bank are generating confidence in all sectors. He said that this will help reduce the quasi-fiscal deficit held by the central institution, and …

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President Leonel Fernandez appointed new members to the Monetary Board. The members of the board that approves monetary policy are now Governor of the Central Bank Hector Valdez Albizu, Finance Minister Vicente Bengoa, Superintendent of Banks Rafael Camilo, Hector Rizek Llabal (San Francisco de Macoris businessman closely related to the former major shareholder of the …

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The Customs Department announced that as of 10 September it would double the charge for imports arriving without having paid the consular invoice fee. The new charge will be RD$12,000 per shipment. On 30 August, Customs issued notification that it would be increasing the present charge of RD$6,500. The president of the National Association of …

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The CDEEE’s administrative board has ordered a review of the contract that brought about the buyback of the two electricity distributors, Ede-Norte and Ede-Sur, by the Mejia administration from the Spanish company, Union Fenosa. In addition to examining the terms of those contracts, the CDEEE has also decided to renegotiate the contracts that govern the …

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President Leonel Fernandez appointed Doctor Nelly Perez as the new director of the Dominican Institute of Social Security (IDSS), and Bienvenido Martinez will as deputy director. Perez was the governor of the San Cristobal province during the past government of President Fernandez.

Diario Libre reports that the team at the Foreign Relations Ministry is comprised of: Carlos Morales, Minister of Foreign Relations; Alejandra Liriano, foreign policy; Juan Guilliani Cury, economic affairs and commercial negotiations; Rosario Graciano, consular affairs; Jose Manuel Trullols, administrative affairs; Mercedes (Conchita) Cabral, cultural affairs.