2007 – Page 98

The Supreme Court of Justice (SCJ) has issued a guilty verdict in the case of a judge who was accused of accepting a bribe. The judges ordered the accused be stripped of his post and to serve three years in prison. Magistrate Cesar Generoso Martinez was caught in the act of accepting a US$2,500 bribe …

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Last year readers witnessed the spectacle of hundreds of people stranded at Las American International Airport (AILA) with fake passports and documents, and no tickets. Yesterday, the Santo Domingo prosecutor ordered sentences ranging from two to twenty years for the organizers, recruiters and accomplices in the scam. Judge Victor Mejia handed down a 20-year sentence …

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The country’s largest private university, Pontificia Universidad Catolica Madre y Maestra (PUCMM) graduated nearly 900 students last week. A communications major, Virginia Antares Rodriguez Grullon, gave a memorable valedictorian address. While the students and crowd paid dutiful attention to the preceding enlightening speeches by rector Monsignor Agripino Nunez and keynote address by long-time PUCMM graduate …

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Yesterday the Chamber of Deputies approved the RD$11.05 billion supplementary budget with an 88-3 vote. The Senate had passed the bill two weeks. The bill will now be sent to the President for signing. The surplus follows the implementation of the fiscal invoice (NCF) by the Department of Taxes (DGII) in January, and is also …

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In recent years the DR has made strides to stabilize its economy and recover from the 2003 banking collapse, but according to the IMF and the Economic Commission for Latin America and the Caribbean (ECLAC), the DR’s external debt, as part of the GDP, is still too high, stated Economy Minister Temistocles Montas during a …

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The Metropolitan Autobus Service Office (OMSA) has announced that Autozama S.A. has won the bidding to supply the country with 300 buses. The new buses are of the Mercedes Benz brand with ramps for handicapped passengers. Ignacio Ditren, director of OMSA, explained that the new busses will be used in Santo Domingo and Santiago. The …

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The DGII announced the restart of the issuing of vehicle stickers. The stickers need to be renewed before 31 October. Vehicles with manufacturing dates of 2002 or previous years will pay RD$1,200. Vehicles dating 2003 onwards, pay RD$2,200. Those renewing afterwards will be levied a 10% fine. The stickers can be purchased through the DGII …

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Tourism Minister Felix Jimenez announced Pareatis S.A. was awarded a 35-year lease on the Montana Hotel, in Jarabacoa. The company will pay a stipend of RD$67,000 (US$2,000) per month and commits to a RD$300 million investment in the hotel through 2010. As part of the deal, the first rent payment would be made in 2018 …

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The Association of Industries of the Dominican Republic (AIRD) requested that the Superintendence of Electricity comply with the General Electricity Law. Manuel Diez Cabral, president of AIRD, complained that the Superintendence has insistently archived requests from companies that seek to source power directly from the generators, bypassing the power distributors that serve power at much …

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On September 19, Dominicans on Wall Street Inc (DOWS), in conjunction with Dominican Week events held to strengthen relations between the US and the DR, will be hosting the panel “The Development of the Dominican Mortgage Market via the Local Capital Markets and the Pension Fund Assets as a Facilitating Instrument.” Speakers will include Darys …

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