2005 – Page 142

The Banco Nacional de la Vivienda joined financial institutions offering low cost mortgages. Leonardo Matos Berrido, general manager of the government bank, announced it is offering financing at 14.5% with 30-year plans and coverage of up to 90% of the total financing. As reported in Hoy newspaper, Matos commented this is the lowest available in …

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In response to a recent statement from the US Embassy, President Leonel Fernandez said that his government would extradite any Dominican tied to drug trafficking that is requested by the United States government. Reaffirming his commitment to fight drugs, the President also said that he never knew the accused drug trafficker Quirino Paulino Castillo, who …

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The executive director of the Foundation for Institutionality and Justice (FINJUS), lawyer Servio Tulio Castanos asked the Justice Department to indict and try all of those people implicated in the failure of Baninter and Banco Mercantil in 2003. Castanos wants not only the banking officers but also those officials of the government that should have …

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Dominican ambassador to the United States, Flavio Dario Espinal, speaking on the FINJUS program carried by Channel 37 CDN, said that the Dominican Republic cannot afford to continue absorbing the effects of the crisis of the size and shape of what is happening in Haiti. The Haitian situation represents political, social, economical, ecological, and security …

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Two dead, policemen seriously wounded and two suspects arrested appears to be the final toll after a bloody daytime shootout on Charles Sumner Avenue in the Los Prados section of Santo Domingo. The Police were after the four men, dressed as Police officers and Army officials, after they had robbed one place and had attempted …

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Even though Law 94-04 says that “when any penal action against members of the National Police is begun, the person is suspended in his functions, even if an arrest order has not been issued,” 40 of the original 60 police officers accused of illegal possession of recovered property (stolen cars and SUVs) are still on …

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If you asked a majority of Dominicans where San Ignacio de Sabaneta was, you would probably just get a blank stare. “Huh?” would be the dominant answer. The town is the little known capital of the Santiago Rodriguez province in the northwest of the Dominican Republic. Some of the locals call it “Sabaneta”. It is …

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For the second year in a row there will be 12 Dominicans playing in the Major League Baseball All Star Game. The attention-grabbing game will take place next weekend in Detroit, Michigan. Similar to what has happened in every corner of the Major Leagues, the All Star Game will have a lot of Dominican flavor. …

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President Leonel Fernandez said yesterday that in addition to flexible and reduced interest rates, the DR would be able to pay its oil bill with Venezuela not only in cash but also with goods and services, as part of the Petro-Caribbean agreement signed Wednesday in that country. This includes agricultural products and represents relief for …

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Last night, the US Senate approved the much debated Dominican Republic – Central American Free Trade Agreement (DR-CAFTA) with the US by a close margin, but now it must go to the House of Representatives, where it is expected to pass through a rough battle. Deliberations for the most controversial free trade agreement negotiated by …

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