2009News

US cars tax free

US-manufactured cars will have a major competitive advantage in 2010 in the Dominican market. The time has come for these to pay zero tariffs, as stimulated in the DR-CAFTA free trade agreement. Enrique Fernandez, director of the Association of Car Dealers (Acofave) is concerned this could affect sales of Asian or European cars. At present, …
2009News

DPCA files charges

The National Department for the Persecution of Administrative Corruption (DPCA) has filed charges against Jose Lois Malkun (former governor of the Central Bank), Felix Calvo (former vice governor of the Central Bank), Cesar Apolinar Veloz (former manager of the Central Bank) and Manuel Rubio Cristoforis (former judicial consultant) for the embezzlement of RD$10 billion in …
2009News

Fraud at Indhri

The Cooperative Credit and Development Institute (Idecoop) has frozen the bank accounts of the National Institute for Hydraulic Resources (Indrhi) after discovering that Indhri was using the funds of its employees deposited in the cooperative. Pedro Corporan, director of Idecoop, explained that during the administration of Hector Rodriguez Pimentel, employees funds were allocated to Indrhi …
2009News

The Vianco Martinez case

The National District’s District Attorney, Alejandro Moscoso Segarra, explained that since journalist Vianco Martinez did not present a doctor’s certificate, verifying his attack, no judge will be able to prove the charges of physical harm in the case he maintains against two bodyguards of impresario Saymon Diaz. Moscoso is responding to comments that the D.A.’s …
2009News

COE raises alerts

The Center for Emergency Operations (COE) raised the alert levels to yellow for the provinces of Maria Trinidad Sanchez, La Romana, La Altagracia and Puerto Plata due to the increased potential of flooding. The alerts were upgraded yesterday due to the passing of Hurricane Bill. Though Bill is passing near Bermuda today to the north, …