2007 – Page 103

According to the Central Bank, the inflation rate for August, measured by the Consumer Price Index (CPI), was at -0.6%. The accumulated rate for the year dropped to 3.9%. The report by the Central Bank indicates that the CPI from August 2006 to August 2007 was 4.6%. The DR has projected a 6%-7% inflation rate …

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PRD president Ramon Alburquerque, speaking in the Listin Diario, is reviving the controversy that Central Bank governor Hector Valdez Albizu is overpaid and presented documents that show that Valdez makes over RD$2.1 million per month, with perks and salary. Alburquerque criticized President Leonel Fernandez for giving his government employees millionaire contracts and juicy contracts, while …

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The United States has offered a new radar unit to control unauthorized flights in and around the Dominican Republic. The new equipment, a model TPS-78, is worth US$5 million and is currently on display at the San Isidro Airbase in Santo Domingo. The radar has a range of 240 knots and can cover the whole …

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The Vista Mare beach property development, of which Tourism Minister Felix “Felucho” Jimenez is a leading investor, was fined RD$498,542.16 for beginning the project without the proper permits and causing considerable environmental damages to a 186,140 square meter area, as reported in Hoy. The Vista Mare project features the construction of 93 apartments in 5 …

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National District prosecutors sent German Lutz Robert Gunther Meyerding to jail accused of trafficking in persons. Judge Keyla Perez Santana ordered Meyerding remain in jail for three months as the case against him is prepared. Meyerding, who had been a fugitive of justice, turned himself in on 6 September. He is being tried for operating …

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Defense lawyers for the former president of Baninter bank, Ramon Baez Figueroa, discarded their client can be accused of asset laundry or abuse of confidence, which would be criminal charges, with up to 20 years in jail. Lawyer Juarez Castillo Seman accepted charges of insider borrowing and the purchase of media but claimed in court …

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While the new Police Chief is promising more aggressive actions against criminals, three armed men who drove in a grey Nissan Maxima without license plate got away on Monday with about RD$1.3 million of the weekend sale during an 8:30 am assault at the centrally-located Sarasota-Winston Churchill Esso Bella Vista gas station. They left five …

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Four stages set up on a four-kms stretch of the Malecon of Santo Domingo will host the Santo Domingo Festival organized by promoter Luis Medrano in coordination with the Santo Domingo City Hall for this coming Sunday, 14 October. This will be an all day event with a long list of big name performers that …

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The International Monetary Fund (IMF) says it has completed the seventh review of the performance of the DR under its economic program supported by a Stand-By Arrangement (dating back to 31 January 2005) and has approved the disbursement of US$118.3 million, bringing total disbursements under the arrangement to US$553.9 million. The agreement expires on 31 …

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The toll plaza located near the Moca crossroads at La Penda, on the Duarte Highway in La Vega, has been paved, and the southbound lanes opened to traffic. No tolls are currently being taken. According to Diario Libre, the Ministry of Public Works said that the idea is to prevent accidents in the area that …

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