2005News

Use surplus to cut taxes

Representatives of the manufacturing community are suggesting that the government should use the present surplus in revenues to eliminate taxes that distort the economy and penalize those who produce goods and services here. Yandra Portela Vila, president of the Association of Industries of the Dominican Republic said the government had collected RD$1.36 billion above what …
2005News

IMF on DR bond exchange

The International Monetary Fund reports on recent actions taken by the Dominican economic authorities to restructure debt and re-establish macro-economic and financial stability. In a letter about the Dominican Republic to members of the financial community dated 20 April, Rodrigo de Rato, managing director of the IMF stated that key elements of the program include …
2005News

Plan Renove case

Judge Alfredo Rios Fabian has sent to trial the government cases against three former presidents of the transport renovation plan, Plan Renove and 11 others. The former Plan Renove presidents are Ramon Emilio Jimenez hijo (Milo), Fabio Ruiz and Siquio Ng de la Rosa. The case against another former Plan Renove president, Pedro Franco Badia …