2007News

Republic Bank leaves DR

The Republic Bank, a financial institution with headquarters in Trinidad and Tobago, has decided to sell its operations in the Dominican Republic. The winning bidder was BHD, The Dominican Mortgage Bank, according to full-page announcements in all today’s papers. Republic Bank had come to the rescue of the ailing Banco Mercantil in October 2003 and …
2007News

Kids’ parks for Santo Domingo

Although the local authorities are giving them different names, the construction of special park areas for young children continues throughout greater Santo Domingo. Called, in Spanish, “canquinas”, after old-fashioned multi-colored candy canes, the idea has attracted support in east Santo Domingo where the parks are called “rainbows” and up in Pedro Brand where they are …
2007News

Studying the economy

President Leonel Fernandez and his economic team are due to meet with officials from the Inter-American Development Bank (IDB) and the World Bank tomorrow to study the development of the Dominican economy, the economy’s successes, the electricity crisis, the transport issue and petroleum concerns. The meeting will take place at Casa de Campo. Hoy is …
2007News

Fernandez inaugurates projects

President Leonel Fernandez inaugurated a range of projects yesterday including the reconstruction of the Casabito highway, which connects Constanza with the Duarte highway. Also, the surrounding communities will have their electricity system upgraded. The government is spending an estimated RD$240 million on these projects. The highway project will cost RD$42 million and is 51 kilometers …