2005 – Page 240

Between 1993 and 2003, the Dominican Republic received only US$281.1 million in direct, net, foreign investments, according to the flow charts of the Central Bank on direct foreign investment. The numbers indicate the large amount of money sent out of the country as profits. During those years the DR received a total of US$6.62 billion …

Read more…

In 1984, economist, historian, ambassador Bernardo Vega presented the Dominican application to join the Lome Convention countries to the headquarters of the Convention in Brussels, Belgium. Admission to the facilities of the convention would allow the Dominican Republic to export products and receive foreign aid under very favorable terms. At the time, Vega was not …

Read more…

On Independence Day, 27 February, the city of Providence, Rhode Island unveiled the new Juan Pablo Duarte Boulevard street sign at its annual Dominican Independence Day celebration that was held at City Hall. Mayor David Cicillini unveiled it and spoke of the importance of the Dominican community in Providence during the ceremony. Present as special …

Read more…

President Leonel Fernandez will travel in April to Taiwan. Foreign Minister Carlos Morales Troncoso made the announcement during the ceremony whereby the Foreign Minister Tan-sun Chen was decorated at the Ministry of Foreign Relations yesterday. Morales Troncoso announced that Taiwan would donate US$7.5 million to the government to expand the cyberpark where the Institute of …

Read more…

The Conference of the Episcopate of Dominican Roman Catholic bishops urged the government to concentrate its efforts, capacity and resources on the basic priorities of the country. It identified these are health, education, water services, housing and expediting communication. In a subtle suggestion to the government that the Santo Domingo metro is not a priority, …

Read more…

Former US President George Bush is vacationing in Casa de Campo. He is guest of Venezuelan businessman Gustavo Cisneros, who recently also hosted Bill and Melinda Gates. The father and mother of US President George Bush arrived on Thursday and will be in La Romana through Sunday, according to press reports. The visitors are hosted …

Read more…

Dominican leaders joined New York City Mayor Michael Bloomberg to ring the opening bell of the New York Stock Exchange on occasion of the celebration of Dominican Independence Day on 27 February. Elected officials representing the Dominican community accompanied Mayor Bloomberg on the bell podium to mark the 161st anniversary of the DR independence. Present …

Read more…

The export free zone manufacturing sector is evaluating initiatives to mitigate the effects of the global elimination of textile and clothing quotas in 2005 that began in January. Dominican production is closely tied to the US apparel industry. The elimination of protective quotas that had restricted international textile and clothing trade as of 1 January …

Read more…

The Minister of Higher Education, Ligia Amada Melo said that she has met with a delegation from the City University of New York (CUNY) and would soon announce an agreement whereby scholarships would become available to Dominican students, as reported in the Listin Diario Likewise, the program also contemplates exchange programs so that CUNY system …

Read more…

El Caribe newspaper focuses on a program to educate pedestrians underway in the municipality of Santo Domingo East. Civil Defense and Metropolitan Transport Authority (AMET) volunteers are trying to educate pedestrians and taxi drivers for improvement of the flow of traffic and everyone’s safety. Volunteer Henry Pena explains they teach pedestrians that they should not …

Read more…