2007 – Page 97

The Dominican Republic Central Bank has been able to place 61.1% of the RD$5.0 billion offering of Certificates of Deposit. This was the first time that the CDs were offered to pension funds, but the bank did not say just how much was spent on the certificates. The CDs paid interesting returns as witnessed by …

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According to a report from the Central Bank, 30% fewer Dominicans returned to their native land for vacations or family visits. The information is contained in the latest version of the Report on Tourist Flows published by the Central Bank. For the eight-month period from January to August 2007, 25,000 fewer Dominicans returned home. The …

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Marriott International chairman and CEO Bill Marriott and Ricardo Hazoury of Cap Cana have announced plans to build a Ritz Carlton Cap Cana and adjacent Residences at The Ritz Carlton, Cap Cana on the east coast beach destination. The billion-dollar investment in the 220-room luxury hotel will feature a 1,490 square meter spa and private …

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New car imports are expected to reach 27,000 units and used car imports are likely to reach the same level, according to recent estimates by the National Association of Vehicle Distributors (ANADIVE). This information from Anadive shows that between January and August 2007, association members reported vehicle imports and sales of 9,046 units, compared to …

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The ever-increasing price of fuel has forced Dominicans and foreign residents alike to make changes in their daily lives. In most cases, movement has been reduced to the absolutely essential, reducing the normal frequency of family visits and nights on the town. And these might be just two of the more obvious changes. Salesmen have …

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The scare over the possible use of potassium bromate in flour used for making bread has led to a 30% decrease in bread sales, according to an article in El Caribe. Bakery owners in Santo Domingo told the newspaper that the decrease in sales reflected the public’s lack of confidence. The newspaper also reports on …

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A couple of decades ago the news that the sugar harvest was down by 20,000 tons would have sent the Dominican economy into a tailspin. Today the news merits headlines in the economic section of just one daily newspaper, the Listin Diario. The news, however, is not good. According to the president of the Dominican …

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About 28 years ago, then President Antonio Guzman and some of his advisors came up with an idea to reforest the Dominican Republic. The result was the launch of Plan Sierra, located in the Central Mountain Range, around the town of San Jose de las Matas. At the time the mountains were suffering from serious …

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On Saturday, one of the newspaper headlines reported that the drug bust in the Canadian town of Durham, Ontario had cost the Dominican National Drug Control Department (DNCD) intelligence chief his job. The newspaper reported that recently re-instated General Cesar Castaing had replaced General Gerardo de los Santos Mora in the post. The reason, according …

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One of the suspected robbers of the Esso station on Winston Churchill and Sarasota avenues last Tuesday was apprehended as he attempted to leave the country from Las Americas International Airport (AILA), as reported in Diario Libre. The police reported that Narciso Gonzalez Mateo was captured as he tried to board COPA flight 447 to …

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