2007 – Page 250

President Leonel Fernandez has submitted 10 bills to Congress that aim to strengthen the country’s macro-economic stability in the short and long term. Among the bills are ones that seek to recapitalize the Central Bank and a modification to the Monetary and Finance Law. Listin Diario writes that the government will take on the losses …

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The Dominican Republic registered a negative trade balance at the end of the first month since the country entered the DR-CAFTA agreement. From 1 March to 30 March the DR imported US$311.8 million in goods while it exported US$188.9 million in goods, a difference of US$122.8 million. Customs technical sub-director Eduardo Rodriguez says he doesn’t …

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Ivan de Jesus Garcia, president of the Dominican Traders Federation (FDC) explained that the first thing that importers do when products arrive at the country’s ports is to ask for the product’s certificate of origin. De Jesus Garcia explained that this had never been an issue in the past, but a product’s origin will now …

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Companies have begun to increase the salaries of their employees according to each company’s individual discretion. They have begun to do this despite the absence of an agreement with the workers unions. Maribel Gasso, of the Employers Confederation (COPARDOM) said that neither the Vice President nor the unions have asked the business sector to continue …

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The National Drug Control Department (DNCD) and the Santo Domingo Attorney General’s office have seized RD$300 million in assets from Dominican drug smuggler Alejandro Guzman after a New York court found him guilty of conspiracy, money laundering, and distribution of heroin. The DNCD said that they have taken over the Motel Carolina High Class, Rent …

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The city hall of West Santo Domingo has decided to levy a new tax on sales by certain businesses to compensate for the damage that these businesses do to the environment, the roads and the general public. Listin Diario writes that a 1% tax will be paid by beer, rum, plastic, cement, chemical, cigar, gas …

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The government is designating RD$30 million for the country’s hospitals during Holy Week. These funds will be used for projects run by the Public Health ministry, the Center for Emergency Operations (COE) and the Metropolitan Transport Authorities (AMET). The Minister of Public Health, Bautista Rojas, said that the funds would be used to buy medicines, …

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Another young man has fallen victim to violence and all for a mere cell phone. Nineteen-year old Manuel Enrique Perez Pena, a student at Santiago’s UTESA University, was shot and killed yesterday by two men who escaped with his cell phone. Perez’s friend, a 17-year old woman, was not injured. Her identity is being withheld …

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The suspected murderer of Dominican Municipal League public relations head Victor Gulias Vicioso was being interrogated by Police yesterday. The suspect, whose name was not released, is reported to be a driver for a private bus company who was arrested around 10am, according to Fabian Melo from the National Police’s Homicide Department. Gulias was found …

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For the second straight year the University of Florida Gators are college basketball National Champions and last night’s victory against the Ohio State Buckeyes was largely thanks to the performance of star power forward Al Horford. Horford scored 18 points, snatched 12 rebounds, had 3 assists and provided a much-needed spark as the Gators repeated …

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