2005 – Page 109

Carl Ross of brokerage firm Bear Stearns reports on the DR government’s recent announcement of its intention to swap a payment stream it owes to Union Fenosa (for the repurchase of electricity distribution companies Edenorte and Edesur) into a reopening of the 2018 global bonds. Bear Stearns analysts estimate that the NPV savings of swapping …

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According to a report in Hoy, Haitian affairs expert Alfonso Torres stated yesterday that there are currently an estimated 1.6 million Haitian immigrants in the DR, as confirmed by data of the Dominican Center of Strategic Studies on Haiti, an institution that monitors the information that is published around the world about that country. He …

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The Governor of Puerto Rico, Anibal Acevedo Vila will visit the National Congress and meet with the presidents of both chambers, Andres Bautista and Alfredo Pacheco, tomorrow. An international communique received by El Caribe states that the Governor will also meet with President Leonel Fernandez. Acevedo Vila will hold a press conference to inform about …

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Expenditure on energy subsidies has increased by 53% since January 2005 due to the constantly rise in crude oil prices, according to a report in El Caribe. This year the government has invested RD$1.392 billion to avoid increasing the energy tariff. This month the government disbursed RD$237.3 million to keep the energy tariffs at the …

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The Criminal Chamber of the Supreme Court of Justice (SCJ) has ordered the release of Juan Antonio Flete Lima and Lourdes Ivelisse Machuca Castillo, who are wanted for extradition by the US to face charges of laundering of assets resulting from drug trafficking. The court’s decision to stay the judgment is based on a similar …

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Former colonel Pedro Julio “Pepe” Goico Guerrero has said he would turn himself in to the Dominican authorities without the need to have him arrested in Spain and extradited to the DR, according to District Attorney Jose Manuel Hernandez Peguero. As reported in Diario Libre, the DA said that Goico has said that he does …

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Diario Libre reports that the US Immigration and Naturalization Service (INS) in Puerto Rico has deported 387 illegal Dominican who were arrested by the Marine Unit of the Police during the past three weeks. The illegal aliens arrived at Las Americas International Airport on commercial flights and were handed over to the Immigration Department where …

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A Video Art entry by Ignacio Alcantara, “Ni aqui, ni alla, naque y miedo: autorretrato, cortos y mapas” has won the grand prize at the XXIII National Arts Biennial. Several first prize awards in the different categories were left vacant. Judges this year were Argentinian artist Leopoldo Maler, Dominican architect Gustavo More, Cuban Jose Manuel …

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Taking a leaf out of Rudolph Guiliani’s book, President Leonel Fernandez has called for a war on crime, citing drug trafficking as the main cause behind the rising crime rate and public perception of insecurity. Speaking at the close of the VII congress of the Dominican Liberation Party (PLD), Fernandez said that his government would …

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The technical committee that worked on the different aspects of the many tax proposals was not able to include the ideas it received from the tourist sector or those from the agricultural sector in the final document. The government will study the two proposals separately. This morning, according to El Caribe, the Technical Minister of …

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