2008News

Government giveaways

The Dominican government is giving away RD$3,000 per month to more than 100,000 people, according to statements made by the Vice President Rafael Alburquerque. According to Alburquerque, the government launched a program called “vamo’ arriba” (properly: Vamos arriba – Let’s go!) in June 2007, and to date, more than 100,000 people have benefited from it. …
2008News

Sun Land just won’t go away

Specialists are listing the negative effects that the Sun Land affair is projecting around the world. While President Fernandez has declared the case “closed”, echoes from leading brokerage firms indicate the contrary. Standard & Poor’s Ratings Services said today that it placed its ‘B+’ long- and ‘B’ short-term sovereign credit ratings on the Dominican Republic …
2008News

Segura: Tavera report is political

The executive vice-president of the Dominican Corporation of State-owned Electricity Companies (CDEEE), Radhames Segura, shushed comments on the recent report from the Santiago Commission, saying that it was politically-motivated since many of the commission’s members are linked to the PRD. The report sharply criticized the handling of the dam floodgates during the 48-hour period in …
2008News

Metal exports way up

With 134 container loads still awaiting clearance on the docks, the Dominican Republic still saw a 258% increase in metal exports last year. The Center for Exports and Investments (CEI-RD) has a commission currently working on the cases of all of those containers. Lead exports rose by over US$400,000; aluminum went up slightly; and copper …