2008 – Page 33

The World Trade Organization has just released a Trade Policy Review on the Dominican Republic. The trade review looks into trade liberalization and the country’s multilateral trade agenda. The report comments on economic growth over the period under review that has been significant, although distinctly cyclical, and stresses the inefficiencies in the electricity sector, together …

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The Falconbridge Dominicana mining company has announced that it will be ceasing work indefinitely due to high production costs and the low cost of nickel on global markets. In August Falconbridge announced that it would close its operations for just four months for maintenance works and to install new lower-cost energy units, but the situation …

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The Dominican Consulate in Miami, Florida says that there are more than 1,000 Dominican-owned or run businesses in that city, as reported in Hoy. The Consulate also informed that 70% of all shipments that go to the DR pass through Miami. Consul General Manuel Almanzar said that there has been a growth in the number …

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The DR made a strong showing at the Caribbean and Central American Fencing Championships being held in Boca Chica. The DR scored three gold, one silver and three bronze in an event that included 120 athletes from 10 countries. Among winners were Rafael Western and Julio Benjamin, who won gold. In the women’s contests Maiyelin …

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Could an era be over in Boston? Well, according to Chad Finn, from the Boston Globe, the possibility exists that the Boston could trade lovable slugger David Ortiz and then sign Texas Rangers first baseman Mark Teixera. Ortiz has dismissed the news as rumors, but Finn said that Teixera would be a valuable addition to …

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The Escogido is still fighting, no matter what the standings tell them. This was the case last night as they took on and beat the Toros del Este. The game was tight all the way through, but Escogido was able to pull out the victory. Tonight’s Games: Santo Domingo, Estadio Quisqueya 7:30pm: Toros vs. Escogido …

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In La Romana, President Leonel Fernandez said that the financial problems that the world is experiencing are the result of a profound crisis of “ethical values in the markets and the rottenness of the system.” As he presented the conclusions of the two-day “Emerging Global Financial Order: A Regional Perspective” seminar, held in Casa de …

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The secretary general of the Organization of American States (OAS), Jose Miguel Insulza is proposing the application of short-term measures to tackle the global crisis, including mechanisms to limit speculation in the futures market and in the weaker currencies of developing nations. Speaking yesterday, Insulza said he believed that this would require a voluntary policy …

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Two leading business organizations, the Herrera Industrial Association and the Federation of Industrial Associations, have issued a press release criticizing the 2009 National Budget of being little more than a “warehouse for numbers.” The industry leaders called on the government instead to prepare a budget with the role of fostering development. They expressed disappointment that …

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Economist Roberto Despradel writes in today’s El Caribe that the DR could feel the present economic crisis more than its own financial crisis in 2003 and 2004, and needs to foster conditions to strengthen its export sector. He explains that the former crisis was internal, and foreign exchange sectors, namely goods and services exports, including …

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