2006News

Baseball Wrap Up

The regular series ended on Friday night with the Gigantes del Cibao, the Aguilas Cibaenas and the Tigres del Licey all tied in first place. The Azucareros managed to tie the Estrellas Orientales for the fourth play-off spot and had to play a special tie-breaker on Saturday night. On Friday, Escogido, already eliminated, beat the …
2006News

Dominican Day

President Leonel Fernandez says that the Dominican Republic receives US$3.5 billion in remittances each year and declared the 20th of December “Dominican Day” in honor of Dominicans living abroad. Fernandez pointed out that 85% of all business that the DR conducts is made with the United States and that with the state of Florida alone …
2006News

Politics a la dominicana

President Leonel Fernandez continued to avoid discussion of his possible re-election while he was distributing Christmas boxes in San Cristobal yesterday to the tune of re-election merengues. The government has announced that they will be donating a total of 747,000 boxes nationwide. Fernandez personally handed out the gift boxes, which included basic food supplies, and …
2006News

Money for power

A US$50 million loan from the World Bank will finally be handed out to the DR either today or tomorrow, according to Technical Minister of the Presidency Temistocles Montas. The disbursal is part of a total US$150 million loan package from the World Bank. Montas said that the loan had been approved in May 2005, …
2006News

Aviation bill passes

A new bill that is a pre-requisite for Dominican airlines to fly to the United States was passed yesterday in Congress. The new Civil Aviation Bill replaces Law 505 on Civil Aviation that dated back to 1969. Its contents meet US Federal Aviation Agency and the International Organization for Civil Aviation requirements. The new law …
2006News

Beer tax still too high

The Dominican National Brewery (CND) is still not satisfied with the government’s proposed ad valorem tax on alcohol. The government reduced its ad valorem tax on alcoholic beverages from 20% to 15%, but the CND is continuing to argue that alcoholic beverages should be taxed according to the level of alcohol. Teodoro Hidalgo, Corporate Affairs …