2005 – Page 147

Economist Frank Tejada comments in an op-ed piece in El Caribe newspaper today that the number one problem of the Dominican republic today is the penetration of illegal Haitians. In his opinion, this makes urgent a move to organize the development of Haiti. In his opinion, the Dominican government needs to lead this movement and …

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The Association of Commercial Banks (ABA) denied that parallel accounting system and other fraudulent practices discovered in the three banks that collapsed in 2003 were also taking place in the other banks. The ABA is composed of the country’s twelve commercial banks. They base their statement on the assisted inspections carried out by international experts …

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The First PanAmerican ASUA Masters Championship of Swimming & Water Polo is taking place at the Juan Pablo Duarte Olympic Center swimming complex starting today through 2 July. They are sponsored by the Amateur Swimming Union of the Americas. http://www.asua-aquatics.org/html/English/EventsPanMaster.htm

After hitting home runs in five of the six games of the week ending 26 June, Manny Ramirez was named American League’s Player of the Week as reported in Diario Libre. The Red Sox fielder batted .407 (11 out of 27) and led the AL with five home runs, 27 hits and an average slugging …

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El Caribe reports on Juan Luis Guerra, whose concert at Agganis Arena in Boston was attended by a euphoric crowd at the end of his American tour. The Dominican superstar and his band showed little signs of exhaustion despite having performed in Orlando the night before and arriving at the Arena almost directly from the …

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During his weekend visit to Puerto Plata, President Leonel Fernandez promised to turn the north coast destination into a model tourist zone. President Fernandez said that the priority is to find a definitive solution to the problem of the municipal garbage dump, complete the expansion of the state university campus and repair the Malecon in …

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Listin Diario political commentator Orlando Gil acridly criticized the position assumed by President Leonel Fernandez during a presentation at his think tank, the Fundacion Global Democracia y Desarrollo. Gil wrote on Saturday, “If the problems of Haitian migration are going to be discussed at the Global Foundation, then the country has already admitted defeat.” In …

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During Sunday’s broadcast of the President’s weekly TV show, “The Presidential Agenda”, Leonel Fernandez strongly urged the Dominican Congress to pass the corresponding DR-CAFTA legislation as soon as possible. He pointed out the negative consequences should this not go through, which include near exclusion from the United States markets after 2008. Eighty-five percent of Dominican …

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Former general manager of the Central Bank, Apolinar Veloz, revealed that the Central Bank has chosen to disregard suggestions from the International Monetary Fund (IMF) that would have mandated the forced closure of Baninter and permitted an organized process of dissolution of the bank and its assets. The Central Bank opted instead to bale out …

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Constanza, a tourism and farming enclave located in a valley amidst the tallest mountains in the Caribbean, is fifty years behind the times, according to Manuel Gonzalez, a leading farmer in the region. Gonzalez, speaking to Hoy’s economic editor Mario Mendez and others at the Economic Meeting sponsored by the newspaper, said that back in …

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