2006 – Page 74

In what must look like a comedy of errors to outside observers, Saturday’s newspapers printed reports saying that the government was going to re-sell the electricity distribution entities (Edes) it had purchased during the Mejia administration. The next day, Sunday, the newspapers said that the sale of the Edes was not on the government’s agenda. …

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Technical Secretary to the President Temistocles Montas has denied reports that the Dominican government is preventing the International Monetary Fund (IMF) from publishing reports about the Dominican economy. In a press release, the Central Bank defended the government’s unwillingness to publish full IMF reports stating that many years ago many IMF member nations decided that …

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Osmar Benitez, the executive director of the Dominican Agro-business Council (JAD) has said that the United States has been pressuring Dominican officials to modify some of the points of the DR-CAFTA agreement. He said that these were some of the points that they were not able to introduce during the discussions and negotiations surrounding the …

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In continuation of his diplomatic tour, Dominican Foreign Minister Carlos Morales Troncoso has met with the Organization of Petroleum Exporting Countries (OPEC)’s Director General, opening discussions for an agreement of promotion and investment that would allow Dominican businesses to access directly developments funds from OPEC. Troncoso met with Said Aissi at the Vienna headquarters of …

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The Office for Internal Taxes (DGII) is beginning the process of assigning new numbers to businesses, in order to initiate the countries new accounting system. The process begins today and will end on 31 December. The Control of Emission, Impression, and Presentation of Fiscal Receipts (NCF) registration can be done online. All business people have …

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Due to a low score in an assessment study conducted by the Millennium Challenger Corporation, The Dominican Republic will not be receiving assistance funds as part of the Millennium Challenge Program. According to the report, the DR scored extremely low in the area of corruption and 15 other indicators disqualifying it from receiving the funds. …

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A Dominican baseball coach working for the Florida Marlins organization in the DR, Felix Antonio Rubio, has been sentenced to 20 years in jail for allegedly abusing two young boys he was recruiting to play for the team. Though the children’s father had come to a cash settlement with the accused, the Public Ministry went …

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Over the weekend, most of the nation’s newspapers featured dramatic photographs of the work being carried out on the Santo Domingo – Samana Expressway. Heavy equipment and bridge footings were featured, along with finished stretches of highway. According to the reports, the trip from Santo Domingo, which can take as much as four hours, will …

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The Santiago Industrial Free Zone Corporation has donated RD$75 million to the municipal authorities to assist with efforts to reclaim the Rafey open-air garbage dump and convert the area into a refuse landfill. The announcement was made by the corporation’s president, Carlos Sully Fondeur. The Rafey open-air refuse dump has been an eyesore and a …

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According to Hoy newspaper, the insurance industry has grown by 16% over the last year, and Chamber of Insurers president Dr. Luis Eduardo Guerrero said that the increased rate of stolen cars is one of the reasons for this. The industry grew from RD$14 million to RD$17 million during the period in question, and car …

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