2008News

Interpol colonel investigated

Police have announced the suspension of the director of the local division of the International Police (INTERPOL), Colonel Frener Bello Arias, who is being investigated for extortion. Police chief Rafael Guillermo Guzman Fermin says that he has requested the assistance of an assistant prosecutor to investigate the case. Colonel Cabrera Sarita has been provisionally appointed …
2008News

Fernandez in Florida

President Leonel Fernandez was in Miami to participate in the Miami Herald-sponsored Americas Conference at the Biltmore Hotel Thursday. Fernandez was also a keynote speaker at a Beacon Council event where he spoke and meet with around 600 Floridian businesspeople. For some days now, President Leonel Fernandez has been arguing that the DR is well …
2008News

DR wades the crisis so far

Despite the global crisis, growth continues at the Dominican Republic Exchange. Trading leaped to RD$25,429,696,170.23 for the first ten months of the year, for a significant 221.31% growth compared to the same period last year. The total volume traded for the year 2007 was RD$15,414,587,959.17 Three new issues were approved during the third quarter: BHD …
2008News

Construction decreases

The start-up of construction projects has decreased by 90% in the last two months, according to the president of the Housing Construction and Promotion Association (ACROPROVI), Jaime Gonzalez. Gonzalez blames the lag in construction on the rising financial costs. Gonzalez says that sales of new homes are down 70% in 2008, compared to 2007.