2009 – Page 184

Congress has passed an amendment that extends to 18 months the deadline for businesses with assets of over RD$30 million to bring themselves into compliance with the new General Law on Commercial Societies and Individual Enterprises of Limited Responsibility (479-08). The law goes into effect on 19 June.

The Institutionalism and Justice Foundation (Finjus) is once again insisting that the current process of Constitutional Reform should serve to promote a sort of “extenuated Presidency” as an alternative to “the excessive Presidency or a hyper-Presidency” in the present Dominican constitutional system. The Foundation proposes that the Legislative Branch should be involved in the selection …

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The National Business Council (CONEP) has called for transparency in the deal with the PDVSA, the Venezuelan government oil company, for the sale of 49% of shares of the Dominican Petroleum Refinery. CONEP president Lisandro Macarrulla said that the council would be meeting to establish their stance on the sale. Ricardo Bonetti, president of the …

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Dominican households have an average monthly expenditure of RD$11 billion (21.4%) on food and non-alcoholic drinks and RD$8.9 billion on transportation, for a sum total of RD$19 billion (38%) in these two areas alone. This data appears in the National Survey on Household Income and Expenses (ENIGH) 2007, released yesterday by the National Statistics Office …

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Through traffic that uses the Estrella Sadhala Avenue in Santiago is practically at a standstill with repairs going slowly on the section of the pavement that collapsed over the weekend. The huge hole has caused the entire segment between Av. Argentina Avenue and Av Duarte to be funneled down to one lane to get through …

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Today is the day that most 8th and 12th graders dread: the day that they have to start the National Tests. The Ministry of Education (SEE) announced that the standardized tests will start today, 16 June, and end on 29 June for hundreds of thousands of students who finished eighth grade and from 24 to …

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The American Chamber of Commerce (AmCham) has come out in favor of a new agreement between the Dominican government and the International Monetary Fund (IMF). AmCham believes the agreement would boost confidence among local as well as foreign investors. Chamber president Alejandro Pena Prieto said, “What we have to look for are what will be …

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The Pro-Consumer Rights Foundation, the Citizens Forum and business organizations submitted a suit against the Superintendence of Electricity to the Contentious Administrative Tribunal of the National District yesterday, demanding the cancellation of the recently announced electricity rate hike and the application of an 18% reduction instead. The suit, which asks for modification of Resolution CIE-44 …

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The National District Prosecutor has recommended that the Central Electoral Board (JCE) submit seven employees from the legal consultant’s office for indictment for their alleged participation in a so-called ‘mafia’ that issued fake documents to foreigners. National District DA Alejandro Moscoso Segarra said that he would hand in a report today with the results of …

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The National Meteorological Office (Onamet) reported that the forecast for the country continues to be of more humidity and slightly unstable atmospheric conditions due to a low-pressure area located in the high levels of the atmosphere to the northwest. Light to moderate rains and thunderstorms are forecast to continue nationwide. This is in addition to …

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