2005 – Page 22

First Lady Margarita Cedeno de Fernandez has led the opening of a project called “murals for a country without violence, towards a culture of peace”, which is aimed at promoting non-violence among students. According to a report in Listin Diario, 110 community murals will be painted by intermediate students who will focus on the elimination …

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The government has cut back 6,021 jobs during the first nine months of this year, as reported by the Central Bank. El Caribe newspaper observes that this responds to the control measures to limit public spending in accordance with the stand-by arrangement with the International Monetary Fund (IMF). Institutions that have reported personnel reductions include …

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The National Business Council (CONEP) has given up its quest for consensus after it became evident that a functional mechanism for the exclusion of an increase of the tax applied to diesel used by industries that generate their own energy would not be found, according to Clave Digital. None of the parties could present a …

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The rush to pass the tax reform is in order to compensate the government for loss of revenue when the exchange commission is removed in order to comply with requirements for the implementation of DR-CAFTA. Now, though, it appears the implementation of the treaty with the United States may take many more months. Two Central …

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Franco Uccelli, analyst for Bear Stearns, has sent out a positive note on improvements in the Dominican economy, based on inputs from the Central Bank’s third-quarter macroeconomic report. He concludes that the report shows that the country’s recovery “continues to consolidate around higher than expected growth and better than anticipated fiscal results.” He states that …

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Yesterday, Department of Prevention of Corruption (DEPRECO) director and special prosecutor for banking fraud, Octavio Lister, said his department could begin their investigations into the Banco del Progreso case. According to Listin Diario, he stated that he does not know why the former bank President, Pedro Castillo, left the country, although according to statements made …

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Central Bank attorney Ramon Pina Acevedo has said that the sentence against financial advisor Luis Alvarez Renta in a court in Miami is a step forward for the justice system against those responsible for the bank frauds that occurred in the Dominican Republic, and he assured that Dominican courts would have to conclude with the …

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The Social-Democrat Revolutionary Party (PRSD) has asked the president of the Chamber of Deputies to pass legislation that criminalizes tax evasion together with the tax reform bill. Diario Libre reports that PRSD spokesman Ovi Saldivar explained that evasion is one of the reasons why the government cannot collect the funds it needs to invest in …

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The biggest shipment of ecstasy pills ever caught by the National Drug Control Department (DNCD) was seized at Puerto Plata’s Gregorio Luperon Airport on Sunday. Diario Libre reports that agents found 259,337 pills in 50 packages inside three bags that had been abandoned in the customs area of the terminal. One of the bags also …

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Renowned physicians specializing in sports medicine will come to the DR to take part in an international seminar and offer high-level conferences to colleagues from ten countries of the Americas. The event will begin this Thursday at 10:00 am at the Dominican Fiesta Hotel. The seminar is being held under the auspices of Olympic Solidarity …

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