2008News

Legalizing ‘bancas’

The National Lottery signed an agreement with the Federation of Betting Shops (Fenabanca) whereby 6,200 illegal gambling houses could regularize their status. He estimates there are 15,000 betting shops that operate illegally. The government was losing RD$1.2 billion per month in taxes because the businesses were run illegally, according to National Lottery administrator Jose Francisco …
2008News

Four more for Fernandez?

According to constitutional expert and leading opposition PRD party member Enmanuel Esquea Guerrero, the proposed constitutional reform would allow President Leonel Fernandez to opt for a fourth term in office, beginning in 2012. Esquea explains that while the Constitution still limits extended runs at the presidency, a clause in the proposed Magna Carta implies that …
2008News

Banking case dismissal?

Assistant prosecutor German Miranda Villalona has expressed his opposition to the order sent by the General Prosecutor’s Office to the Supreme Court whereby charges that led to an eight-year sentence against bankers Arturo Pellerano and Felipe Mendoza in the Bancredito fraud case would be dismissed. He said, nevertheless, that in keeping with hierarchy and discipline, …
2008News

Dominican fashion week

Dominican fashion week is here with the nation’s best designers putting their talents on display. This is the third year of Dominican Moda with designers Robert Flores, Gutierrez Marcano and Sully Bonnelly opening up festivities. The event will run through next Saturday with 35 scheduled events throughout the week. For a complete schedule, see www.dominicanamoda.com