2005 – Page 78

The National Drug Control Department (DNCD) has reported the seizure of 91 packs of cocaine, with a total weight of 101 kilos, in the Los Rios area of the National District. Diario Libre reports that three people were arrested. DNCD spokesman Buenaventura Bueno Torres identified the detainees as Gilberto Josadac Acosta Gil, 25, Ariel Rafael …

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The Cinemateca Dominicana, the Chilean Embassy and the Ministry of Culture are presenting a sample of Chilean cinema mostly with films made during the past three years. The festival, which began last night and will continue until next Wednesday, includes the films “Machuca”, “Garrincha”, “Julio comienza en Julio”, “Mujeres infieles”, “Residencia”, “Genet decente”, “Paraiso B”, …

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The DR is to structure a set of fuel products that will allow it to receive the 50,000 barrels of oil daily as stipulated in the Petro-Caribbean Agreement, according to a report in Diario Libre. Over the next few days, the Dominican Petroleum Refinery (Refidomsa) and the Ministry of Industry and Commerce will be defining …

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Just several days after his public confrontation with a Dominican government official, Venezuelan Ambassador Francisco Belisario Landis was summoned by his country’s Ministry of Foreign Relations, according to Diario Libre. While disclosing this information, the diplomat said he was to present a routine report as ambassador, on leaving a meeting with President Leonel Fernandez and …

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Central Bank authorities are traveling to Washington today to finalize the letter of intent of the Stand-By Agreement with the International Monetary Fund (IMF). Governor Hector Valdez Albizu stated that the parameters agreed upon with the IMF, in both fiscal and monetary terms, are being complied with easily. Valdez Albizu insisted that the government has …

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Central Bank Governor Hector Valdez Albizu declared yesterday that the country has sufficient US dollars to satisfy local demand and warned “sectors interested” in de-stabilizing the exchange market that they would lose their money if they tried to speculate with the US currency, because the monetary authority will not allow the rate to increase. Valdez …

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92% of businesspeople polled by the National Association of Young Entrepreneurs (ANJE) in February said they were optimistic that the economic situation of the country would improve, reports Hoy newspaper. Today, only 61.3% are optimistic. ANJE explains that the decline in confidence in government policies is the result of the authorities failing to have presented …

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The International Monetary Fund (IMF) has raised the projected growth of Dominican GDP for 2005 and 2006 to 4.5% in its “World Economic Perspectives” semester report, according to El Caribe. The increase in GDP is two points higher than the 2.5% originally forecast in its previous report last April. Inflation is projected at 3.7% this …

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The President of the Republic of China (Taiwan), Chen Shui-bian, will arrive in the DR tomorrow on a two-day official visit during which he will follow a busy agenda that includes meetings with President Leonel Fernandez. Listin Diario reports that Chen Shui-bian will be accompanied by a delegation that includes the deputy Prime Minister, Dr. …

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A substitute judge at the Central Electoral Board (JCE) says that the civil registry officer who spoke out about the profiteering at civil registry offices should be praised and not reprimanded by the JCE, as reported in Hoy newspaper. Substitute judge and Central Electoral Board member Jorge Eligio Mendez Perez said that the members of …

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