2005News

Border contraband

The National Police Department of Investigations announced the confiscation of 3,800 boxes of contraband hard liquor valued at RD$40 million. The whisky was confiscated in a farm warehouse on the Moca-La Vega highway. The liquor bottles included several brands stored in two freight containers. As reported in the Listin Diario the warehouse belongs to Santiago …
2005News

Power rates need to drop

In an interview with Hoy newspaper, American Chamber of Commerce president and electricity expert Kevin Manning said that the Superintendence should reduced the electricity rates. He described the cost of electricity in this country as “excessive and very negative for the competitiveness of business”. “The Superintendence of Electricity needs to reduce the rate,” he said. …
2005News

Bonds law published

The Presidency of the Republic published Law No. 118-05 (dated 29 March 2005) that authorizes the Executive Branch to replace the sovereign bonds issued in 2001 and 2003 with others with better payment conditions, and more adjustment with the capacity to pay of Dominican government. The law also authorizes the Executive Branch to negotiate new …