2006 – Page 48

The Chamber of Deputies has rejected a plan to regulate the interest rates on credit cards, because according to Deputy Marino Collante the proposed regulation that would oblige banks to charge interest rates only on the actual pending balance and not on the total credit used in the month would be an infringement of the …

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Alcohol producers met with Presidential Technical Secretary Temistocles Montas yesterday to discuss the possibility of further taxing alcoholic beverages. The government has announced that the tax on alcoholic beverages will be fixed, regardless of alcohol content. Currently alcohol in the DR is taxed according to percentage. Producers in the country are concerned that this new …

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Police Chief Bernardo Santana Paez has announced the arrest of five people who have admitted to killing two Taiwanese students and injuring four other students and a police officer, in an ambush in Bonao last Saturday. The two students, Hoo Cheng Yin (22) and Gon Cheng Juey (19) and their colleagues were working on their …

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Lawyer Maria Magdalena Zorrilla has been arrested in Santiago for allegedly conning businesspeople out of more than RD$100 million, according to Diario Libre. Zorrilla was given the money in order to complete informal financial obligations for her clients, but never carried out the work or returned the money. One of Zorrilla’s victims, Juan Ramon Carrasco, …

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Diario Libre reports that police have rescued eight Venezuelans who were being held hostage at the Hotel Kay by Rafael Vidal Feliz and his wife Miosotis Mora, and that the couple had been aided by a member of the National Police, Emmanuel Tavarez Adames. All persons will be charged with human trafficking and illegal trafficking …

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A jewelry store in Santo Domingo’s Piantini neighborhood was robbed at 9am yesterday by thieves dressed as police officers, according to a report in Listin Diario. The thieves tied up the owner and left with more than half a million dollars in money and jewels. “George” jewelry store, owned by George Echavarria, was the scene …

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The Dominican Chamber of Accounts has been chosen as a member of the management committee for the Organization of Latin American and Caribbean Supreme Audit Institutions (OLACEFS), which is currently meeting in the Ecuadorian capital, Quito, as reported by El Caribe newspaper. Hoy newspaper reports that the duration of the post will be for two …

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The Dominican Republic has improved, if only by a hair, its position on the Human Development Index (HDI) List. The list, which was presented yesterday in Cape Town, South Africa, placed the DR in 94th position out of 177 countries, with an HDI of 0.751. Last year the country was 95th on the list, and …

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The Baseball Players Association has named Dominican-born Albert Pujols its “Man of the Year” for his contributions to baseball and his community. The award is given every year to a player from either the American or National League to a player whose on and off the field performance inspires others to do their best. Pujols …

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The Tigres del Licey continue their winning ways as they stay atop the Winter League baseball standings with a record of 13-6. The have showed promise this year with a strong start. The Gigantes are behind by two games in the standings with an overall record of 11-8. The Leones del Escogido have also started …

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