2005 – Page 233

The District Attorney is investigating the deaths of 21-year old Ricardo Ivan Garcia and 20-year old Pablo Contreras from alcohol intoxication. The two had competed in a tequila drinking contest at the Blanc, Dance and Lounge of Plaza Andalucia on Ave. Abraham Lincoln in Santo Domingo. As reported in the Listin Diario, Garcia died of …

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The Dominican Republic won a gold medal in hockey in the Winter Special Olympics that took place last week in Nagano, Japan. The Dominican team won the medal by defeating Brazil, Ecuador, Costa Rica, South Africa, Venezuela, Argentina, Mexico and Austria. Dominican athletes participated in hockey, basketball, track and field, swimming, bowling events among others. …

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The Dominican Republic, last year’s Group 2 runner-up, advanced to the next round of the American Group Two Davis Cup challenge by defeating Jamaica 3-2 at the Liguanea Club in Jamaica. Victor Estrella pulled the win by defeating Jamaica’s Damar Johnson, 6-4, 6-3, 4-6, 2-6, 3-6. The winning team over three rounds will be promoted …

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President Leonel Fernandez swore in yesterday the members of the advisory boards in New York and New Jersey. The plan is that these boards may serve as permanent liaison between the Dominican government and Dominican communities abroad, focusing on multiple aras such as education, health, cience and technology, investment, commerce, citizen participation, among others. Members …

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Speaking in Boston, Preisdent Leonel Fernandez told reporters that the renegotiations for the debt held by bondholders and foreign banks would take about three more months. This would be a restructuring of the debt of US$2.0 billion. Fernandez said that the government had contracted a private investment bank to supervise the renegotiation process, one of …

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Speaking at a get together of PLD members in Chicago, President Fernandez told the audience that he was ordering a cleanup of the military and the police. Fernandez did not hesitate to tie the military and the police to many recent narcotics cases that have shaken both forces as well as the Dominican political and …

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A stronger Dominican peso is helping the government attend its debt service obligations as well as reduce inflation. All of which makes the government happy, but not everybody else, of course. The best deal of the cheaper dollar, or stronger peso, goes to the government, because they need fewer pesos to purchase the dollars needed …

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The director of the Department of Taxes (DGII), Juan Hernandez estimates that the application of the property tax, formerly known as the tax on luxury housing and vacant lots, to industrial buildings, hotels and villas will more than make up for the loss of income resulting from an increase of the tax base from RD$3 …

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The deficit of energy production was reduced to just 9.8% last week as AES-Andres came on line with 300 megawatts. On Friday, the electricity supply reached 93% of the demand. This was the best day in a long time for consumers, but it did not mean that there were no blackouts. These, however, were reduced …

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The Dominican Republic is the fourth largest market for remittances in all of Latin America. The Listin Diario reports that 1.4 million Dominicans sent US$2.7 billion back home in 2004. Only Mexico, Brazil and Colombia receive more money than the DR. The information is contained in a report from the IDB. The report shows that …

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