2008News

Excuses delay negotiations

Celebration of the recent Dominican Presidential elections is the latest excuse as to why a free trade agreement between Taiwan and the DR hasn’t been signed. Taiwanese Vice economic Minister Eric Chiang says that Dominican officials blamed the presidential elections for limiting time for negotiations between both countries. This is not the first time Dominican …
2008News

Get ready for Beijing

Citizens of the world have their eyes on Beijing as the 2008 Olympic Games will be inaugurated today. These Games have come under a heavy cloud of criticism. Health concerns, an earthquake, and political and international scrutiny have overshadowed the news leading up to the actual games. The organizers expect that once the opening ceremony …
2008News

Senate approves extra funding

Senators unanimously approved the government’s supplemental budget in two consecutive readings yesterday. The budget now passes to the Chamber of Deputies for approval. There were no changes to the RD$31 million budget requested by the Presidency. However, there is an addendum stipulating that next year the government should disburse RD$5.1 billion in past due funds …
2008News

Heads of state coming

So far nine heads of states have confirmed their attendance at President Leonel Fernandez’s 16 August third term inaugural. Colombian President Alvaro Uribe and Venezuelan President Hugo Chavez have both said they will be here for the event. President Ma Ying-jeou from Taiwan, Oscar Arias Sanchez from Costa Rica, Oscar Berger from Guatemala, Elias Antonio …
2008News

Taiwan wants FTA

Taiwan ambassador Eduardo Chen is optimistic that President Ma Ying-jeou’s one-day visit for the 16 August Fernandez inaugural will be positive step and will help push forward talks leading to a DR-Taiwan free trade agreement. Talks began in 2005, but Ambassador Chen says they have stalled due in part to opposition from local business groups, …
2008News

More IT jobs

According to Microsoft Dominicana, the informatics sector will create 4,000 new jobs and generate close to a RD$1 billion in taxes in the next four years. This will make the IT sector one of the biggest revenue-generators for the Dominican economy. This year alone Microsoft looks to generate RD$900 million through the businesses that carry …