2005 – Page 229

The Ministry of Education has not been able to start work to repair, expand or build 1,635 needed classrooms for lack of funding. The director of the department in charge of the constructions, Walid Chami Isa said that the lack of funds has also affected maintenance of classrooms. He said they programmed to improve 14,000 …

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Diario Libre clarifies that Ekinsa is the company that is interested in doing US$300 million in business with the Dominican government and not Equinsa, as erroneously the Presidency reported yesterday. The Spanish company’s president, Cesar de la Prida met with President Leonel Fernandez in Madrid. Subsequently, the Presidency press office announced the Ekinsa deal as …

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PRD senators and deputies have announced they will not pass any of the bills requested by the government. They deemed as “aggression against the party”, actions taken against former high-ranking officers in the past Mejia administration by the government prosecutors. Senator Ramiro Espino, of the Hatuey de Camps block of PRD senators, was asked to …

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The Que Se Dice column of Hoy newspaper comments that today governance seems to be conditioned to the present government renouncing its legitimate right to claim in the courts what it understand has been irregularly taken from government. The page two editorial writer is commenting on the position taken by PRD legislators to abandon sessions …

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National District prosecutor Jose Hernandez Peguero accused the past authorities of not acting against Quirino Paulino Castillo, accused in the DR of smuggling cocaine and in the US of drug trafficking and money laundering. As reported in the Listin Diario, the Banco Popular and the BanReservas acted correctly in reporting to the Superintendence of Banks …

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The Department for the Prevention of Corruption in The Listin Diario reported that the Government (Depreco) has requested of the Ministry and Sports a report on the payments made to Construgar, property of Bladimir Garcia, who was arrested in New York for ties to Quirino Paulino Castillo, accused of drug smuggling. The company is said …

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The block of deputies of the PRD decided to accept the opinion of the Supreme Court of Justice that sentenced irregularly-sworn-in deputy for La Vega Radhames Ramos Garcia to 18 months in jail for smuggling Chinese across the border with Haiti. Ramon Agramonte, spokesman for the PRD block in the Chamber, told Hoy newspaper about …

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Clients that consume more than 700 kilowatts in power per month have had to subsidize the technical losses and administrative deficiencies of the power companies, Francisco Mendez, Superintendent of Power and Jose Luis Moreno San Juan, of the Power Institute of the UASD, told the Listin Diario. The same mechanism of subsidy has served to …

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The Consumer Price Index for February reported by the Central Bank was 0.04%. Accumulated inflation for the two first months of the year is 0.83%, a drastic reduction when compared to January-February inflation in 2004, that was 21.52%. Inflation over the past 12 months has declined from 18.79% as of January to 6.82% in February …

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Beat Siegenthaler of Commerzbank issues today an update on the Dominican economy, focusing on the concerns that the opposition-dominated Congress could delay legislation and cause overspending. Nevertheless, he is optimistic that the restructuring terms will be made by the end of March. “We expect an extension of maturities and some interest capitalization but no haircut …

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