2005 – Page 115

According to Franco Uccelli, who reports on the Dominican Republic for the Bear Stearns brokerage firm, there will be a two-month delay before the review of the Stand-By Agreement with the International Monetary Fund. Uccelli did say in his report that there have been important advances in terms of fiscal management. Uccelli also reports on …

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The director of the United Nations Environment Program, Noel Brown, the former president of the Caribbean Hotel Association, Berthia Parle, US emergency expert Kay Goss, Alexandra Cousteau and other international environmental and disaster experts are scheduled to participate in a major environmental conference opening at the Hotel Jaragua Renaissance today. The International Center for Environmental …

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Continental Airlines announced it would fly twice a week to Punta Cana from Houston, Texas starting 16 December. The flights are already in their system but are pending government authorizations. The flight would depart Houston on Fridays and Saturdays at 1:30 pm arriving at 7:35 pm. The return would be on Saturdays and Sundays departing …

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Almost 100% of the population believes that corruption is a serious problem for the DR. So says the poll carried out by the Gallup Organization for Hoy newspaper. Over 85% of those questioned felt that “impunity” or being above the law, was an important issue still prevalent in the Dominican Republic. Barely 2% of those …

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The “Merengazo 2005” festival to be held in the Coliseum of the Hacienda Resorts in Cofresi, Puerto Plata, next 12, 13 and 14 August will bring together three generations of merengue music. Bonny Cepeda, Fernando Villalona, from the famous group Los Hijos Del Rey will represent the Golden Age of merengue. Rubby Perez, Sergio Vargas, …

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For months now, Felix Sanchez, the Dominican standard bearer in world-class athletics, has been suffering from a series of debilitating injuries to his feet and legs. Yesterday, as he tried to defend his two-time world championship in the 400 meter hurdles, Sanchez fell down after the first hurdle. Heart broken, he limped off the track. …

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Central Bank governor Hector Valdez Albizu has said that the population is not yet feeling the effects of the appreciation of the peso because of the increase in the exchange commission and the ITBIS and luxury taxes. ITBIS (VAT) went up from 12 to 16%, and the exchange tax on imported goods increased from 10 …

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Organization of American States secretary general Jose Miguel Insulza will speak on “Governance in Latin America” at an event scheduled for 7:30 this evening at the auditorium of the School of Diplomacy of the Ministry of Foreign Relations. President Leonel Fernandez and Foreign Relations Minister Carlos Morales Troncoso will also be speaking at the event. …

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Today the Ministry of Education is awarding 1,815 scholarships for university studies abroad for Dominicans, reported Further Education Minister Ligia Amada Melo. In addition, the government is assisting 352 professionals who will travel abroad to take short courses. Last year, the government served as channel or funded 915 scholarships. To qualify, students need a minimum …

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Since the start of the year, JAB Textile Mills has been turning out fabric to be used in local free zones. The company has installed capacity to produce 200,000 pounds of fabric per week. Manuel Rubinstein told El Caribe that they chose to install their operation in the DR given the political and social stability …

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