2005 – Page 178

The Superintendence of Power said that consumers that have received considerably increases in their billing in April and May should report these first to the power distribution company. If their request is not attended to within a 10-day period, or if the response is not satisfactory, the client can take the complaint to the Superintendence …

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The World Bank approved a new Country Assistance Strategy (CAS) for the Dominican Republic, which projects financial assistance of up to US$360 million between 2006 and 2009, as well as technical and advisory services. “After emerging from a period of crisis, the Dominican Republic’s medium-term growth prospects are generally good, but the country still faces …

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Diario Libre reports that government minister Eduardo Selman says that the government is still supporting the construction of the artificial island that would face the Malecon of Santo Domingo. Architect Selman told Diario Libre that the project is just waiting for President Fernandez to set the date to sign the approval of the authorization to …

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With the kingpin of the Dominican Municipal League (LMD) Amable Aristy Castro recovering from the very serious infection bacterial meningitis, opponents to the organization that is in charge of distributing city government funding are again discussing whether the LMD has outlived its purpose for being. Opponents say it is a very politicized organization and does …

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Dissident PRD senator, Tonty Rutinel (PRD-Santo Domingo) accused former President Hipolito Mejia of spending RD$23 billion through the 14-01 bank account when only RD$8 billion had been allotted in the budget. He said that when these anomalies are proven, he will ask the Senate to replace the members of the Chamber of Accounts, the organization …

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Banco Popular sold 70% of its shares in Multimedios del Caribe to a group of Santiago businessmen members of the Asociacion para el Desarrollo de Santiago, head by Felix Garcia (Grupo Linda) and Manuel Estrella (Aceros Estrella). Multimedios owns El Caribe newspaper, Cadena de Noticias (CDN TV, Channel 37), and the radio stations Super Mix …

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The president of the Dominican Association of Free Zones (Adozona), Arturo Peguero told El Caribe that the re-imposing of quotas on 13 May on three categories of clothing imports from China by the US is good news for the DR. The reviving of the quotas could start as early as the end of this month. …

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The Dominican Association of Exporters (Adoexpo) issues a statement today whereby it comments that the DR-CAFTA free trade agreement signed with the United States can be an important instrument for economic and social development of the DR. It has the potential to foster an increase in trade, exports and influx of investments from abroad and …

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The UNDP 2005 Human Development Report that concludes that DR exports have stagnated over the years reinforces the position that Dominican exporters are at a competitive disadvantage. “Up to now, the leading concern of the government and the business sector has been to seek access to the US market and not to change the domestic …

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The Association of Industries of Herrera (AIEH) urged businessmen to take on the challenges and criticism put forth in the 2005 Human Development Report issued by the United Nations Development Program. AIEH sees the report as a challenge for the private sector to become more proactive and take on corporative social responsibility to relieve poverty …

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