2006 – Page 50

The European Union is to donate EUR53 million to the Dominican Republic with most of the money going towards combating poverty. The National Organizer for European Development Funds (ONFED) will oversee the project. The funds will also be used to strengthen public policy and help in the macroeconomic reforms required by the IMF agreement. The …

Read more…

The Metropolitan Hospital of Santiago (HOM) will be the first hospital in the Cibao region to offer bone marrow transplants to patients as part of a cross- institutional exchange with the Technological Institute (TI) of Monterrey, Mexico. Oncologist Liliana Fernandez spoke of the benefits of the program in El Caribe newspaper, explaining that it would …

Read more…

The US$18 million Punta Espada golf course at Cap Cana was inaugurated yesterday by legendary golfer Jack Nicklaus, who designed the 18-hole course. Nicklaus commented that the course’s location had made building difficult, but that builders were able to overcome those obstacles. The company let Nicklaus choose where he wanted to locate the course, giving …

Read more…

Dominican-born baseball player Jose Reyes belted a two-run game winning homerun yesterday, giving the Major League Baseball team a dramatic victory over the Japanese all-star team. The game was played at the Fukuoka Dome in Fukuoka, Japan and the Japanese were swept by the US all-stars in five games. Reyes hit the blast off of …

Read more…

World class award-winning theater presentations are scheduled for this weekend in Santo Domingo. The 5th Santo Domingo Theater Festival opens Thursday, 9 November at 7 pm at Plaza de Espana with the performance of Chilean-French group La Gran Reyneta-Royal de Luxe’s “Roman Photo.” Roman Photo will again be presented at Plaza de Espana at 7 …

Read more…

The government’s economic team has handed in its project for what they call “fiscal corrections” and what others are calling a new tax plan. As a result, Fernandez will address the nation next Tuesday to explain exactly what is involved in the new plan, especially the details of the Selective Consumer Tax and the extension …

Read more…

In full-page advertisements in most of the daily newspapers, 26 major business associations are expressing their rejection of the government’s proposed tax reform, no matter what shape it takes. Headed by the National Council for Business (CONEP), and embracing every possible sector from soft drinks to meat packers, the associations point out that there have …

Read more…

Hoy newspaper page two, Que Se Dice commentary mentions today how no government officer, especially those who have defended the fiscal reform has referred to demands for the government to adjust its spending in order to convince the country to swallow the heralded next belt-tightening. “The explanation to the silence is as simple as it …

Read more…

Economist Carlos Despradel says that the government is hard-pressed for revenues now because it is paying the price for overspending on campaigning in the run-up to the Congressional elections that took place in May. The ruling party managed to win a majority in Congress. He warns that it is in the government’s best interests to …

Read more…

Speaking on the “Lideres” television program on Color Vision, former Central Bank governor Carlos Despradel said that the government has invested more than RD$3 billion in the construction of the first Metro line, “but what is of greatest concern is what remains to be spent. Nobody, not even the builders, knows what the metro will …

Read more…