2005 – Page 56

Political organizations as well as workers unions and popular front organizations are holding a 24-hour strike in the Cibao Valley. The strike is centered in Santiago, and has all but shut down a major portion of the taxi companies and many of the buses that serve the public. A total of 57 organizations are backing …

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Filming of scenes of the US$100 million Miami Vice movie production are taking place in the Capotillo neighborhood of Santo Domingo. Prior to the filming, the government modernized the police force in the slum area, bringing in 18 agents on board Harley Davidson motorbikes. As a result, crime in the area was eradicated prior to …

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No matter which paper you pick up today, most of the sports sections are dedicated to the start of the DR Winter League Baseball season. Several papers have special glossy inserts that contain the entire schedule for the 2005-2006 season as well as lots of statistics for the die-hard fans. As an added attraction, Diario …

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Some 20 Spanish businessmen expressed their interest in investing in the Dominican Republic after acknowledging the return of confidence and good results of the Dominican economy, during a meeting with President Leonel Fernandez in Barcelona, Spain, yesterday. The meeting was hosted by Architect Ricardo Bofill, who is behind the proposal to build the controversial and …

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Yesterday, the Executive Directorate of the International Monetary Fund (IMF) unanimously approved the first and second reviews of the stand-by arrangement with the DR, making the country eligible to receive between US$320 and US$327 million that could contribute to reducing and stabilizing the foreign exchange rate. This is unofficially expected to consolidate international reserves as …

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The Central Bank reports that the Consumer Price Index (CPI) increased by 3.26% during September when compared to August, mainly due to the high prices of crude oil on the international market, which have been the highest in history. If the impact of increases in the prices of fuel were to be excluded from the …

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Yesterday, the Dominican government announced it had successfully concluded the agreement for the restructuring of the external public debt in London, England. According to a report in El Caribe, Finance Minister Vicente Bengoa and Presidential Technical Secretary Temistocles Montas signed on behalf of the Dominican government. The debt was renegotiated with Bilbao Vizcaya, ABM Amron, …

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Executive Branch legal consultant, Cesar Pina Toribio, and the former president of the National Private Business Council, Celso Marranzini, agreed yesterday that the DR has a judicial situation that favors foreign investment, although they admitted that there was room for improvement. Pina Toribio referred to comments made by Spanish ambassador Almudena Mazarrasa Alvear, stating that …

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National District Joint DA, Carlos Guerra Mirabal, was arrested yesterday and is due to be indicted today after allegedly accepting a bribe of RD$900,000 from two men accused of robbery. According to Listin Diario, the men, who had stolen US$200,000 and RD$700,000 from Arcadio Pichardo’s house, also gave Guerra Mirabal a vehicle valued at RD$225,000 …

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Executive Branch legal consultant and member of the Directing Council of the Ethics Commission, Cesar Pina Toribio, has admitted that the authorities have no information to present regarding the alleged abnormalities in the tender called by the Presidential Office on Information Technology and Communications for a Dominican Government website. This comes one month and ten …

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