2008 – Page 160

The president of the Duarte Institute said that today, 170 years after the founding of the secret society called “La Trinitaria” the values and ideals of the society are still viable in today’s society, and offer an alternative to the principal social problems that affect the Dominican Republic. Professor Jose Joaquin Perez Savinon called on …

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SuperPola is offering 35% off fruits and vegetables. La Cadena supermarket chain is advertising salad tomatoes for RD$18.95lb, squash for RD$6.95lb, sweet potatoes for RD$5.95lb, and avocadoes for RD$5.95ea. El Nacional supermarkets are advertising 40% off pineapples and watermelons and 20% off other fruits and vegetables. Carrefour is advertising watermelon for RD$3.90lb, banilejo mangos for …

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The Dominican Republic will invest in the exploration and exploitation of an area of the Orinoco River in Venezuela, an oil reserve with an estimated 235 billion barrels, says the Presidency. The state-owned Dominican Petroleum Refinery would be the investor for the Dominican government in the Petroleo de Venezuela (PDVSA) venture. Likewise, President Leonel Fernandez …

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Hacienda Minister Vicente Bengoa explains that at the current level of consumption of 30,000 barrels a day, under the new PetroCaribe agreement that provides long-term financing for 60% of its fuel purchases with oil at US$100 or more per barrel and 70% when the price is US$200 or more, the government would have US$907 million …

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Hacienda Minister Vicente Bengoa says that within the next 10 days lawyers for the DR will finalize the purchase of Shell’s stake in the Dominican Petroleum Refinery (REFIDOMSA), making it 100% state-owned by 21 July. Shell has agreed to sell their stock for US$110 million. Listin Diario is reporting, however, that during his visit to …

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Energy Superintendent Francisco Mendez insists that the blackouts are due to maintenance works. Hoy reports however that other sources indicate that they are part of a government plan to save on fuel costs. These sources say that the government has not been supplying fuel at the required levels. In recent weeks, even sectors with the …

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Public Works Minister Victor Diaz Rua says that the government plans to build an elevated expressway above the Duarte Highway-John F. Kennedy Avenue to connect the overpass at Los Alcarrizos with Las Americas Expressway. Overpasses would be built at the intersections with Manoguayabo, Nunez de Caceres Ave and near TeleAntillas. Likewise, another overpass would be …

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The Presidential Office for Computer Information, the Dominican Telecommunications Institute (Indotel), the Presidency Administrative Ministry and the Ibero-American Center for Research and Telecommunication Businesses are launching a new project aimed at making municipalities easily accessible via the internet. The Dominican Municipal Federation will also help in developing the project, which is part of the “Digital …

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The government is putting 3.4 million coins in different denominations into circulation, but spokesmen for the business community say the lack of change is still affecting them. The Central Bank had consistently denied rumors of a coin shortage. It says that in the coming months it will release more coins into circulation. The new coins …

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Last week President Leonel Fernandez addressed the nation regarding the current economic crisis and the nation’s fuel dependency, but his comments during a press conference are said to have left much to be desired. Hoy writer Juan Bolivar Diaz comments that his answers demonstrated a government trapped behind the financial crisis, pressured by public opinion …

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