2005 – Page 133

The government of Haiti believes that joint solutions must be sought with the DR for problems affecting both nations and it has included several development projects in the common agenda proposed to the international community. The statements were made by Haitian Foreign Relations Minister, Herald Abraham, in response to President Leonel Fernandez’s statement on Wednesday …

Read more…

The Dominican government has proposed that the 16 member countries of Cariforum unite in one block to exert increased influence on international organizations. Diario Libre reports that President Fernandez’s proposal was transmitted by Vice President Rafael Alburquerque. Cariforum ministers will take part in a joint meeting with the European Commission today. During the opening session, …

Read more…

According to a report in El Caribe, Foreign Relations Minister Carlos Morales Troncoso has asked ministers participating in the 14th Cariforum Ministerial Meeting, held in Santo Domingo on 14-15 July, to consider the admission of the DR to the Caribbean Common Market (CARICOM). This would accelerate the country’s integration with the regional group of nations …

Read more…

The business sector was unable to reach an agreement for presenting a proposal to the technical commission on the tax reform that received separate suggestions from the National Business Council (CONEP), the Industry Association of the DR (AIRD) and the National Association of Hotels and Restaurants (Asonahores). Trade unions also presented their proposals. However, the …

Read more…

The National Association of Hoteles (Asonahores), the Association of Airlines and the National Association of Private Airport Operators have reached an agreement with the Ministry of Tourism to prepare a bill fostering the creation of a Trust Fund to manage resources for international promotion, construction and maintenance of infrastructures in tourism destinations, as reported in …

Read more…

Clave Digital reports that as the third quarter of 2005 begins the trend towards a fast paced build up of deposits continues, whereas the loan portfolios remain notably mediocre. During the past five months, commercial banks have accumulated deposits worth RD$20.8 billion. This is good news because it is a reflection of public confidence in …

Read more…

World Bank (WB) representatives visited Congress yesterday to analyze US$50million in loans for social assistance, as reported in El Caribe. The loans are due to be approved by the WB in the beginning of next year. Cristina Malmberg, WB Director for the Caribbean said the bank would issue US$370 million in loans for the social …

Read more…

Listin Diario reports that the Cerveceria Nacional Dominicana, makers of Presidente beer, is planning to invest approximately RD$300 million within the next three to five years, on the understanding that the beer market will continue to grow and their products will be increasingly competitive. This information was given by Rafael Menicucci, the company’s president, during …

Read more…

Republican majority leader in the US House of Representative, Tom Delay, is expecting the Dominican Republic – Central American Free Trade Agreement (DR-CAFTA) to be approved before the August recess, when lawmakers suspend their sessions until September. At that time debates and meetings generally center around the US budget. Delay refused to comment on whether …

Read more…

US non-profit organization Global Links donates hundreds of beds, materials, instruments and equipment every year to different DR hospitals, which in turn have been donated by US assistance centers, as reported in the Listin Diario. The organization, whose headquarters are located in Pittsburgh, has established relations with several countries, particularly those in need of better …

Read more…