2005 – Page 93

The foreign exchange rate increased slightly at the beginning of this week as importers and exchange agents attribute this to the pressure placed by the tourism and free zone sectors for the devaluation of the Dominican peso. Listin Diario reports that yesterday the US currency was offered at a maximum rate of RD$30.50 and a …

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Anti-narcotics agents have seized 26.5 kilos of cocaine and arrested eight people, among them two Dutch nationals, in operations performed at three airports in the country, officials said today. Diario Libre reports that the arrests were made at Las Americas, Punta Cana and Gregorio Luperon Airports. The detainees are Dominicans Candido Alberto Nunez, Mariela Estefany …

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The Minister of Public Health has fired the Director of Luis Eduardo Aybar Hospital, Cesar Jesurum, for negligence in the handling of the case of Joselito Hernandez, the boy who was hit by a stray bullet to his left eye last week, according to a report in Diario Libre. Reportedly, none of the hospital?s committee …

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President Leonel Fernandez is worried about the quantity of firearms in the possession of the civilian population, and has asked his Minister of the Interior and Police, Franklin Almeyda, to start an educational campaign aimed at creating awareness about the implications of possessing a firearm. The President said that he was fully aware of the …

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The imminent start up of the DR-CAFTA free trade agreement within the next four months has renewed a long time demand from many industries: Their right to buy energy directly from the generators, as stipulated by Law 125-01. As reported in El Caribe, this law grants customers who consume 2 megawatts the right to become …

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Bernardo Vega takes a not-too-optimistic look at the possible consequences of DR-CAFTA in the Dominican Republic, and he starts by looking at Mexico ten years after the NAFTA agreement between Canada, the USA and Mexico went into effect. The historian and economist says that in Mexico studies looked at which sectors benefited and which sectors …

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Amid rumors and serious questioning by many different sectors of the population, the President will announce his plan to save fuel and energy today. According to the Listin Diario, the President plans to re-schedule working hours in several sectors, synchronize stop lights, restrict the sale of gasoline and other fuels on weekends and restrict the …

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According to the Inter-American Development Bank, the Dominican government has been pretty successful in fulfilling the requirements of the IMF agreement, and the Central Bank has the reserves that give it the strength to control the quasi-fiscal deficit. This was the opinion of Moises Pineda, the IADB representative in the Dominican Republic. After pointing out …

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There are more than ten different elements involved in the calculation of the price of a gallon of gasoline or diesel fuel. When we read the weekly announcement that sets the price of gasoline, we assume that what we pay for a gallon of gasoline is the simple addition of just five numbers: The parity …

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In the barrios of Guananito, El Eden and Novillero, all located near Villa Altagracia, Saturday was not just any day. Troops from the Police, the Ministry of the Environment and officials of the District Attorney’s office arrived to evict 200 families who had built shacks in the median of the Duarte Highway. The Environment Ministry …

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