2005 – Page 262

The Association of Commercial Banks of the Dominican Republic (ABA) announced yesterday that with the approval of the second stage of the IMF Stand By Agreement, the second step of the ongoing banking reform would now proceed. The new Rules for Evaluating Assets will now go into force. The ABA said that the banks had …

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A document sent by the Attorney General’s office to the Supreme Court of Justice provides evidence that arrested former army captain Quirino Ernesto Paulino Castillo and several of his associates traveled to Venezuela to pay for a shipment of drugs in October 2003. US assistant prosecutor David Berardinelli stated in a New York court that …

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Foreign Relations Minister Carlos Morales Troncoso said yesterday that the DR would choose where its interests are best represented, when commenting on the visit of a mission from the People’s Republic of China to the DR. He commented that Taiwan itself is the leading investor in mainland China, as reported in Hoy newspaper. In an …

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The head of the Tax Department, Juan Hernandez, urged property owners of homes, lots and commercial locations to voluntarily declare their property within the terms established by the law. He said very few have come forward so far. He explained that his department seeks to legitimize society, where the taxpayer establishes the worth of his …

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Leading civil society organization Participacion Ciudadana has urged the Supreme Court of Justice and the courts to revive government corruption cases that have stagnated over the years. In a request to the Supreme Court president Jorge Subero, the civic group urged the judiciary to move on the cases of the alleged fraud in Baninter and …

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Illegal immigration through the northern border provinces with Haiti (Santiago Rodriguez, Monte Cristi and Dajabon) has increased dramatically over the past months, reports the Listin Diario. Military presence in the region is limited to 400 men, patrolling over 300 km of frontier. Listin Diario reporters said that army officers in the area did not request …

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This week, the municipality of Santo Domingo is beginning improvement works to Santo Domingo’s Duarte Avenue commercial district. 526 informal street vendors, out of a total of 600 are being relocated. The Plaza de Buhoneros (street vendors plaza) is being renovated and pedestrian walkways for the sale of textiles, music and books will be incorporated. …

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The government cabinet held an eight-hour meeting yesterday. Among the several news items coming out of the meeting is the decision to reduce the number of outstanding Central Bank certificates. In order to achieve this, the cabinet and the President, Leonel Fernandez, appointed a commission headed by the Presidency Minister, Luis Manuel Bonetti and including …

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One of the important items on the agenda of yesterday’s cabinet meeting was a discussion about the imminent signing of the IMF agreement and what it will mean for the country. According to reports in El Caribe, the signing will bring in over two billion dollars in bonds, re-structuring of debts with the Paris Club …

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The world-renowned architect Ricardo Bofill is visiting Santo Domingo. He has been taking a hard look at the city, and at some of the plans that are currently under scrutiny by the public. Hoy newspaper publishes an interview with Bofill. Some of the comments would cause a less famous person serious difficulty with nationalists, but …

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