2005 – Page 228

The president of the Dominican Federation of Merchants (FDC), Ivan de Jesus Garcia has gone public complaining that the CEI-RD, the government department whose charter is to promote investment and exports, is acting as a tax collection department. He complained in an interview with Hoy newspaper that instead of facilitating trade, the institution charges RD$900 …

Read more…

According to information supplied by the Central Bank, nickel prices have been on a steady rise over the past three years and Falconbridge Dominicana will increase its production to 29,476 tons. Production increased by 23.4% in 2003 and by 8% in 2004, and exports of US$154 million represent a 65% increase over 2003. Behind all …

Read more…

The prosecutor for the National District, Jose Hernandez and the National Drug Control Department (DNCD) carried out joint operations that took possession of luxury apartments in upscale neighborhoods of Santo Domingo, a hotel and a vacation home in Hato del Padre, San Juan de la Maguana. The assets belonged to Luis Eduardo Rodriguez Cordero, the …

Read more…

The government party’s only senator, Jose Tomas Perez (PLD-National District), asked the government to govern without Congress. He suggested that President Fernandez rule by presidential decree. Perez told the Listin Diario that he expects relations between Congress and the Executive Branch to worsen. The PRD majority Congress is requesting the rehiring of several PRD appointees …

Read more…

Members of the Circulo de Montevideo are meeting in Santo Domingo, hosted by President Leonel Fernandez. The forum aims to open up new forms of governance and achieve sustainable development in Latin America. Visiting for the XII Plenary Meeting are former President of Costa Rica Oscar Arnulfo Arias, former President of Uruguay Julio Maria Sanguinetti, …

Read more…

Bernardo Vega, an economist who served as the Dominican ambassador to Washington, writes that there are several very important changes in the Dominican economy. The thing is, we often do not recognize these changes when they happen. The first change is the fact that last year Dominican exports of sugar, coffee, tobacco and cigars only …

Read more…

For over 100 years people have been searching for oil in the Dominican Republic but with no great results. The legal and institutional structures that revolve around the explorations seem to be as viscous as the oil that is the black gold everybody wants. According to El Caribe, 18 companies have searched for oil in …

Read more…

For years Dominican living abroad have sent money home. Last year they sent more than US$2.7 billion to the Dominican Republic. Now, according to the Listin Diario, there is a new wave of remittances: food packages. “Moving companies” are handling over a thousand container loads of food packages a year. Each container carries between 100 …

Read more…

Every Sunday at the Kilometer 12 marker on the Sanchez Highway, the flea market transforms the area into a mixture of pedestrians, hawkers, buyers and tourists which make the area a dynamo of economic activity. Each week 7,000 customers go to the market, according to numbers generated by the National District Municipal Council ?ADN. The …

Read more…

Three members of China national women’s volleyball team that participated in the Athens Olympics Games are in Santo Domingo to participate in the 23-game training schedule with the Dominican women’s volleyball team. The first game is scheduled for this evening, Monday, 14 March at the UASD sports arena. This is the first time that a …

Read more…