2007 – Page 125

DR1 Daily News will not be updated on Monday, 20 August on the occasion of the Restoration Day holiday. News events over the weekend will be compiled for the Tuesday issue. Remember though that DR1 is open 24/7 and updates on news developments, such as Hurricane Dean crossing by the island, are posted at the …

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Economy Minister Temistocles Montas says it is unlikely that the Dominican government will sign another agreement with the International Monetary Fund, according to Listin Diario. He said that President Leonel Fernandez would have the last word on any decision about a follow up arrangement with the IMF after the present Stand-by arrangement ends on 31 …

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Inflation increased by 0.26% in July, compared to June, as reported by the Central Bank. The accumulated Consumer Price Index for the year is at 4.65%. The Central Bank reports that there was a 1.17% increase in transport costs, and 0.53% in housing. There was a reported 0.45% decline in food, beverages and tobacco costs. …

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Hoy newspaper summarized the challenges ahead for the Fernandez administration as it enters its fourth year. Economist Jose Luis de Ramon says that the government can point to achievements in macroeconomic stability, low inflation and interest rate reductions. This has attracted considerable investment, which in turn has generated “a sturdy growth in imports”. He said …

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Clave newspaper also focuses on the achievements and challenges ahead for the Fernandez administration as it enters its fourth year. Journalist Edwin Ruiz points out that on the positive side there is price stability and an impressive level of economic growth. A comparison between the first quarter of 2005 and the same period in 2007 …

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A report by consulting company Ros Consultoria on wage increases nationwide indicates that so far this year the average wage has ranged from 3 to 28%, with the average at 12%. Miguelina Veras de Vargas, for Ros, said that 84% of companies polled reported increases in wages, 7% less than last year. Of 160 companies, …

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Ambassador Richard Bernal, director general of the Caribbean Regional Negotiating Machinery, has arrived in the DR. Bernal leads the team that represents the Caribbean in negotiations for the European Partnership Agreement with the European Union. The purpose of his visit to Santo Domingo is to meet with Foreign Relations Minister Carlos Morales Troncoso and to …

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The coordinator of the Citizen Participation civic group, Porfirio Rodriguez told Hoy newspaper that three years into government, the PLD government has done little to fight corruption within its ranks. On the contrary, he stated that corruption is on the rise. He mentioned that even Customs Director Miguel Cocco has warned about the illicit wealth …

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Peruvian ambassador in the DR, Vicente Azula, is asking Dominicans for all the help they can offer in order to alleviate the affects of the earthquake that hit his country on Wednesday. The epicenter of the quake was registered at 7.9 on the Richter scale. According to Azula, President Leonel Fernandez has already sent a …

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Five passengers on a commuter bus were killed and three more were hospitalized for injuries in a serious traffic accident on the Monte Cristi-Santiago highway. The accident happened when steel plates came loose from a passing truck and hit the inter city transport bus. The Police named the dead as bus driver Virgilio Martinez Mezquita, …

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