2005 – Page 111

During the first semester of this year, the DR disbursed RD$32.44 billion (US$1.081 billion) as a result of the increase in demand and the higher prices of crude oil. El Caribe reports that this amount represents 15.7% of the current general budget. Central Bank statistics indicate that the purchase of fuel during the first semester …

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The high petroleum prices on the international market have begun to push up the internal costs of agricultural products. Agricultural transporters say they cannot resist increases in the price of fuel. Listin Diario reports that the products that have gone up in price are plantains, bananas, potatoes, onions, garlic, lettuce, peppers, cabbage, pumpkins, as well …

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The government is holding a further meeting with social and trade union representatives on Wednesday to continue identifying compensatory measures for the neediest sectors of society within the framework of the tax reform. These sectors oppose the inclusion of oil, sugar and coffee in the list of products that will be subject to VAT (ITBIS). …

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PRSC deputies will request today that the tax reform agreed upon between the government and the business sector should be debated in public hearings in Congress, according to a report in Listin Diario. This proposal will be presented by the PRSC spokesman in the Chamber of Deputies, Ramon Rogelio Genao, who stated that his party’s …

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The president of the National Hotel and Restaurant Association, Asonahores, has described the fiscal reform package presented by the National Council of Business (CONEP) as little more than “tax mathematics”. He said that CONEP’s position does not represent the tourism sector’s point of view. Asonahores’ position is that the fiscal reform project presented by CONEP …

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Representatives of the National Council of Free Zones (CNZFE), Agribusiness Council (JAD), and National Association of Hotels & Restaurants (Asonahores), and supporting businessmen met in La Romana with local economic press editors over the weekend to hear the position of a new movement, known as the Lobby of Dominican Exporters. The lobby urged the creation …

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The DR is the only DR-CAFTA signatory that maintains a trade deficit with the US in spite of being its biggest client among the Central American countries, according to a report in Diario Libre. International trade expert Manuel Gonzalez Tejera indicated that in spite of the deficit, the DR increased its exports to the US …

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The president of the National Business Council, Elena Viyella de Paliza has asked the President to reveal the names of companies that are stealing power. She urged the authorities to apply the Electricity Law, and identify those who do not pay for the service. Celso Marranzini, a former Conep president, said that President Fernandez should …

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The GoldQuest Mining Corporation has announced the discovery of two new zones of gold-bearing quartz veins and a third zone of copper-gold-silver-molybdenum mineralization in the north of the Dominican Republic. These were discovered during the Gold Fields-funded exploration program with Gold Fields retaining a back in right to earn a 60% interest. The El Toro, …

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Haitian presidential candidate Evans Paul has said that the Haitian consulates should take on the role of providing Haitian documentation for children born in the Dominican Republic. He said that this is one of the main problems for relations between the two countries. In the past, Haitian consulates have refused to issue birth certificates to …

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