2007News

IMF and refinery sale

The International Monetary Fund (IMF) has no objection to the government’s proposed refinery purchase, but the local IMF representative, Eric Offerdahl says that they would prefer the refinery to remain in the private sector. According to Hoy newspaper, Offerdahl said that the business of refining oil is an “issue for the private sector.” The expert …
2007News

Female migration report

The World Bank has just released a study on female migration and its effect on development. The Dominican Republic leads in the Caribbean in female migration. Andrew Morrison, lead economist at the World Bank’s Gender Group says that women international migrants have increased to approximately 95 million women today. “The International Migration of Women, edited …
2007News

Baseball update

Last night the Tigres del Licey beat up on the hapless Estrellas Orientales, 10-5. However, the Tigres were losing the game until a seven-run ninth inning gave them the victory and extended the Estrellas’ losing streak to eight games. The win keeps Licey in first place with a two-game advantage in the standings. In Santiago’s …
2007News

Financing for small business

President Leonel Fernandez handed over a RD$500 million check to the National Council for the Promotion of Micro, Small and Medium Businesses (PROMIPYMES) at an awards ceremony held at the Renaissance Jaragua Hotel yesterday. The funds will be used to increase their credit portfolio. Fernandez highlighted the fact that micro, small and medium businesses represented …