2005 – Page 18

The credit bureaus that operate in the Dominican Republic have a major effect on the economic movement of people and businesses in the country. They handle, unilaterally, a confidential credit information database whose contents they provide to third parties with little or no controls as to what information is released. Sometimes incorrect information is sent …

Read more…

This is the week that political alliances are supposed to be all tied up and reported to the public. The PRSC party, the “Reformist” party, is currently trying to obtain the best terms it can for the up-coming elections. During the last presidential election the reformists came in a poor third place, but, according to …

Read more…

Public opinion is split across the middle on the question of the Metro system that will cover several kilometers of metropolitan Santo Domingo, going from north to south, from Villa Mella to the Caribbean Sea. According to the Gallup-Hoy Survey (GHS), 45.1% are in favor of the project and 44% are against it. 10% said …

Read more…

Lawyers and relatives of Quirino Paulino Castillo and Lidio Arturo Nin Terrero, detained in New York City on suspicion of drug trafficking, have requested immediate medical attention for the two, saying that their health has deteriorated over the past few days. According to the request, Paulino Castillo, who is reported to have cardiac problems, has …

Read more…

The weekend did not substantially alter the standings, and the Aguilas Cibaenas and the Tigres del Licey are still tied in first place, with the Leones de Escogido in third. During the renewal of the “Eternal Rivals”, Licey beat Escogido 5 – 2 on Friday night. Once again Napoleon Calzado was the hero for Licey …

Read more…

Speculation about the possible postponement of the starting date for the DR-CAFTA agreement continues around the region. Salvadoran newspaper Diario El Mundo reported on 29 November that according to information published in the Costa Rican and Nicaraguan media, Washington has decided to postpone the treaty for three months because the legal requisites are not yet …

Read more…

Cardinal Nicolas de Jesus Lopez Rodriguez has asked the government, Congress and businessmen to put aside their personal interests when voting on the the tax reform bill, because the Dominican Republic cannot stay out of DR-CAFTA. According to a report in El Caribe, the leader of the Catholic Church spoke at a public function where …

Read more…

Attorney General Francisco Dominguez Brito said there are corruption cases that have been stalled in the courts and yet others that have not been indicted, but he warned that the will of the Justice Department is that none of them should remain unpunished, no matter who the accused may be. Listin Diario reports that according …

Read more…

The government will contribute RD$10 billion to the money in circulation during this month, which is expected to stimulate the economy. Diario Libre reports that this does not include money to be paid out by the public sector in Christmas bonuses to employees. Finance Minister Vicente Bengoa said this month would be historic in economic …

Read more…

There is between US$611 and US$944 million available for the DR in 2006 within the Inter-American Development Bank funding program. According to Listin Diario, the exact amount will depend on the performance of the economy. This information was provided by IDB representative Moises Pineda, who said that the bank’s information indicates that there are good …

Read more…