2005 – Page 261

The forthcoming stand-by agreement with the IMF will help the Dominican Republic’s recovery from the economic debacle created by the last administration’s inept handling of most macro-economic mechanisms. Banking supervision, monetary emission, sovereign bonds, and, of course, an enormous banking scandal, led to serious problems across the national economy. Now, according to the Listin Diario, …

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The government and the major rice wholesalers have agreed to create a strategic reserve, so to that end they agreed to import 600,000 quintals (hundredweight) of this staple food. The measure was agreed during a meeting of the National Rice Commission which represents growers, mill owners and wholesalers of the main dish on every Dominican …

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Huge headlines in all of today’s Sports Sections tell of the “humiliating” defeat of the Tigres del Licey at the hands of the Aguilas Cibaenas at the Quisqueya Stadium last night. In a chock-full ballpark, divided fairly evenly between the fans in blue (Licey) and the fans in yellow (Aguilas), the visiting team from Santiago …

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The former president of the ANJE, the National Association of Young Entrepreneurs, Marisol Vicens Bello gives El Caribe readers an insight into the Dominican Institute for Social Security (IDSS). Currently, the IDSS is fighting to increase the maximum salary for workers covered under the IDSS provisions. At the present time the maximum is a little …

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The director of Internal and Investigative Affairs for the New York City Police Department (NYPD), Charles Campisi, told reporters that “in order to fight crime, among other things, police corruption must be tackled.” Campisi spoke to reporters at the National Palace after meeting with President Leonel Fernandez. Previously, Campisi had said that corruption is one …

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The Central Bank Governor has announced that the bank would auction off the first dollar certificates created by the Monetary Board next Tuesday. The sales will be made in Dominican pesos, calculated at the day’s exchange rate. Hector Valdez Albizu said that his officials feel confident that the new certificates will be snapped up quickly. …

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Francis Rauli Velasquez Minyetty was arrested yesterday at a hotel in eastern Santo Domingo. The authorities rounded up some 30 other people in the United States, Holland, Switzerland and Germany, accused of being involved in a huge operation that shipped “Ecstasy”, an easy-to-make ‘designer drug’, to Europe and the United States. In the process, 50 …

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On February 10 the government is due to receive a new, and very hot, potato. The transport unions are going to request that the government provide them with a subsidy equal to the one that is given to the OMSA ?the government-run bus service. This RD$7.50 per passenger subsidy would cost the government another RD$1.5 …

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The Aguilas Cibaenas, behind the Jose Lima “mambo show” took the lead in the best of seven final series last night, defeating the Tigres of Licey 6-2 at the Cibao Baseball Stadium. Lima, a star with the LA Dodgers last year, brings a lot of emotion to the ballpark, and after the previous night’s defeat, …

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The National Council of Private Enterprise (CONEP) took a long, hard look at the decisions taken by the second meeting of the government cabinet and liked what they saw. According to the Listin Diario, CONEP feel that the decisions are a good sign and show a stronger economy and more stability within the system. Among …

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