2008 – Page 70

Former Central Bank director Gullermo Caram says the government could counteract reduced revenue levels by revising subsidies and renegotiating the foreign debt. Caram is also calling for a rigorous austerity plan. Caram said that a drop in revenue could have been predicted. Hacienda Minster Vicente Bengoa made the announcement about reduced revenue levels yesterday. Caram …

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Former president of the Dominican Petroleum Refinery Leopoldo Espaillat Nanita is asking the government to disclose the real purchase price of Venezuelan-sourced fuel. Espaillat says it is ridiculous that while the DR buys its fuel from Venezuela it uses prices of the West Texas Intermediate as a reference point for setting prices here. Espaillat said …

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Cemex Dominicana, a subsidiary of Cementos Mexicanos, says it is restructuring in response to the international financial crisis. The company will have to reduce international operating costs by US$500 million this year, because international sales have dropped 5%. Cemex Dominicana spokesperson Julissa Baez says the company is seeking more flexibility. She says that the global …

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Industrialists say that activity in the DR has decreased by 40% due to three factors: the excessive spending on the recent presidential elections, the lack of money in circulation and the financial crisis in the US. Ignacio Mendez, president of the Federation of Industrial Associations says that overall revenue is down. He says that associates …

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According to a study by UNICEF and the National Statistics Office (ONE), 90 out of 100 children in the DR have experienced some type of violence and 13 out of every 100 children under the age of 14 was not registered at birth. The study of Dominican youth covers a twenty-year period between 1986 and …

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Helados Bon, the ice cream, juice and marmelade company, makes it easy for all to contribute to the forests of the Dominican Republic. The ice cream company that produces delicious organic chocolate ice cream and an organic chocolate ice cream with macadamias, supports the preservation of the rain forests on the Quita Espuela mountain in …

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Dominican boxers Elio Rojas and Francisco Lorenzo are continuing the DR’s long tradition of boxing excellence after both reached the #1 world ranking in their weight classes. The World Boxing Council (WBC) ranked Rojas #1 in the 126lb weight class and Lorenzo #1 in the 130lb weight class. Lorenzo has a record of 33-4 with …

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His bat finally livened up and David “Big Papi” Ortiz played a part in giving the Red Sox at least one more night to play ball. The Red Sox, once a powerhouse offensive club, had been dismal in their last three games against the Tampa Rays. The Sox were down 3-1, facing elimination, and started …

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The Dominican Winter League is now in full swing and last night the teams took to the field for exciting play. In the evening’s first game the Gigantes beat up on the Estrellas Orientales. The Gigantes were leading by a two-run homerun by Brad Nelson and a two scores from Ramon Santiago. In the night’s …

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Santo Domingo’s brand new Bellas Artes Palace auditorium is welcoming the Trey McIntyre Project this Friday, 17 October with a single evening show. Tickets are available at the theater. This is an event not to be missed. McIntyre is regarding as one of the leading contemporary choreographers in the United States. He has created more …

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