2005 – Page 155

The next step for the artificial island project is to get congressional approval of the contract that was signed on Wednesday between Sociedad Canadiense Santo Domingo Re-Development, the project promoter, and the Dominican government. Engineer Eulogio Santaella, the president of the promoting company, expects the Executive Branch to send the contract to Congress soon. During …

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Agriculture Minister Amilcar Romero wants the Dominican government to look for a definitive solution for illegal Haitian laborers working in the agricultural sector, because they represent an important part of the workforce for national production, which is necessary for the country to compete in international markets. His ministry has been holding meetings with the Ministry …

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According to El Caribe, the president of the Senate, Andres Bautista, stated yesterday that the Dominican Republic – Central American Free Trade Agreement (DR-CAFTA) with the US is of vital importance for Congress and pointed out that there still is no consensus on the agreement. DR-CAFTA is still being discussed by President Leonel Fernandez, businessmen, …

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The president of the American Chamber of Commerce (AMCHAM), Kevin Manning, has stated that the country needs to pass a key law on competition and international arbitration, as well as to reform the customs system. It also needs to resolve multiple agricultural issues that hinder Dominican exports, as reported in Hoy. In a letter to …

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The first mortgage fair is ongoing this weekend at the Torre Banco Popular parking area at Maximo Gomez corner John F. Kennedy Avenue. Changes in banking regulations has increased the cash inventories of the banks, that in the past placed 95% of their loans with less than 5% of clients. The less restrictions on individual …

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The Dominican League of Savings and Loans Associations has justified the high interest rates for mortgage loans with the argument that their reduction must be gradual to avoid an inbalance in the sector, according to Diario Libre. League chairman Antonio Mendoza said that main savings associations are lending at 16%, though he recognized that the …

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The International Seminar on Constitutional Reform began yesterday with a presentation by former Labor Minister Milton Ray Guevara who believes that a serious, serene reform, inspired in patriotic values, should be introduced. He said that such a reform would require some pre-planning to establish the method to be used. Venezuelan Allan Brewer Carias thinks that …

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Yesterday morning, Dominican authorities turned in three men requested for extradition by the US in connection with the case of 1,387 kilos of cocaine seized last December in Santo Domingo. The principal suspect in the case is Quirino Ernesto Paulino Castillo, who is awaiting trail in the US on drug trafficking charges. Diario Libre reports …

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Adan Martin, president of the Canary Islands, visited with a business mission from Baleares and Palma de Mallorca to meet with President Leonel Fernandez and tourism sector entrepreneurs. The Canary Islands government mission is also seeking to encourage their countrymen that have made investments in the DR to not make mistakes similar to those made …

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The United Nations has just made available its 2005 Human Development Report in the English language. The report has been widely publicized for placing a major challenge to Dominicans to change the course of the nation for the better. The report gives an indepth look into the causes of the problems and provides insights into …

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