2005 – Page 59

The Dominican Winter Baseball Season kicks off this coming Wednesday, 19 October. The match between the Santo Domingo teams of Escogido Lions and Licey Tigers, Aguilas (Eagles) from Cibao (Santiago), Toros/Azucareros of La Romana, Estrellas (Stars) from San Pedro de Macoris, and Giants from San Francisco de Macoris feature many a Major League Baseball star …

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The preliminary studies for the construction of a monorail on Hermanas Mirabal Avenue in Villa Mella have already begun. Ground surveys are being done by Actuacion Tecnologica en Construccion (ATECO) to determine the quality of the ground where it will be built, as reported to Clave Digital. According to Margarito de Leon, liaison between the …

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The Central Bank has increased interest rates of all CDs sold directly, after restating its perception that there are no monetary, fiscal or structural causes for the recent devaluation of the Dominican peso, according to Diario Libre. Monetary authorities expect to control the foreign exchange rate’s upward trend against the local currency. The Central Bank …

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Bear Stearns research analyst Franco Uccelli writes about the Central Bank’s decision to increase interest rates paid on CDs sold to individual investors. These instruments will now pay rates ranging from 12% (for one-month paper) to 21% (for two-year paper), up from 9% to 18%, respectively. Uccelli originally believed the higher rates were prompted by …

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The US dollar exchange rate dropped by RD$1.10 yesterday on the foreign exchange market in contrast to Wednesday when it reached a maximum rate of RD$34.00 to one and minimum rate of RD$33.80 to one in the main commercial banks and exchange agents, according to Listin Diario. Yesterday, US currency was being sold at RD$32.90 …

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Banks have increased their profitability and are projecting greater absolute income during this year in comparison to 2004, as a result of the reduction in interest rates. Listin Diario reports that during the first semester of this year, consolidated profit of commercial banking operations without restriction increased RD$2.511 billion, compared to utilities of 2004 when …

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The suspended Deputy Director of the Migration Department, Victor Soto, who was arrested on Wednesday for his alleged involvement in the passport fraud case, was released yesterday by Judge Roman Berroa Hiciano, who imposed traveling restrictions on him. Soto must also report to the Attorney General’s department once a month. The judge made his decision …

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Civil State Registry official Luis Felipe Rodriguez was fired by the Central Electoral Board (JCE) for developing a program to provide late birth certificates free of charge to thousands of people under his jurisdiction who did not have the document, according to Clave Digital. The report states that JCE President Luis Arias Nunez said that …

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The US State Department Dominican Affairs Officer, David Searby, stated that the crisis in Haiti directly affects both the DR and the US, during a visit to the Governor of Santiago. El Caribe reports that Searby believes the situation in Haiti is “very delicate” for the celebration of elections next month. However, he hopes that …

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The United States Agency for International Development (USAID) is investing more than RD$4 million in a bio-digester project in Licey al Medio. According to Diario Libre, the equipment works using pig excrement for the production of biogas and organic fertilizer. Biogas is used for cooking and lighting, among other uses. Four bio-digesters have already been …

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