2007News

DR and Central America sign agreement

The Dominican Republic and the Central American countries, with input from the United States, have signed an agreement to help prevent double taxation on products. Treasury Minister Vicente Bengoa says that the agreement was approved by the region’s Council of Finance and treasury ministries. Bengoa has been in San Jose, Costa Rica since Wednesday.
2007News

Government changes urged

Hoy newspaper’s editorial today says that the World Food Program (WFP) nutrition indicators should encourage the current authorities to reflect on the poor quality of their social policies. “These figures on hunger and malnutrition should inspire social policy planners to change their attitudes, eradicate politics and political campaigning, and direct their efforts towards improving the …
2007News

Excess regulation

Today’s Diario Libre points out the excess regulation that is currently affecting businesses in the DR, especially small businesses. Adriano Miguel Tejada, the newspaper’s editor, highlights the fact that the situation has reached a point where business owners have to check almost daily to see what new requirements the Tax Department is asking for. He …
2007News

Pediatric Unit for Cedimat

The country’s most-technologically advanced medical center is getting better. Cedimat, the medical center at the government-owned Plaza de la Salud, reports that they will be installing the country’s first Pediatric Cardiovascular Unit, a RD$25 million investment in equipment and installations, in conjunction with the Heart Care Foundation. Several Cedimat physicians are training abroad to work …
2007News

TCW case update

Radhames Segura, head of the State Run Electric Companies (CDEEE), says the government may seek US legal counsel to prepare for the legal dispute with Trust Company of the West (TCW). Trust Company of the West owns 50% of the power distribution company, EdeEste. The government has also asked the Chamber of Accounts to audit …