2009 – Page 192

Alexander Medina Herasme writes today in Hoy newspaper that the decision by the Estrella Group to go ahead with the construction of a cement plant on the outskirts of the Los Haitises National Park could backfire against the well-earned reputation of other companies that make up the group. The Santiago-based business group insists it will …

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It was the announcement everyone was waiting for, just that no one knew when it would come. Potential Hall of Famer Sammy Sosa will officially retire from baseball within the next few days. The announcement comes as no surprise to baseball followers, considering that Sosa had been out of baseball for more than a year …

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The comedy musical Hairspray will be staged at the National Theater this coming 18-21 June. This is a Nuryn Sanlley production based on the 1988 John Waters comedy. The musical won eight Tony Awards on Broadway, a Grammy and was on stage for seven years at the Neil Simon Theater in Broadway. Laura Leclerc, Irving …

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President Leonel Fernandez will to travel to San Juan, Puerto Rico this afternoon to participate in the Dominican Business, Investment Exposition that will be held concurrently with the 81st Annual Convention of the Puerto Rico Association of Industries. The event is scheduled for Thursday, 4 June to Sunday, 7 June. The theme this year is …

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At a meeting at the Presidential Palace yesterday, President Leonel Fernandez told media editors that the signing of an agreement with the International Monetary Fund is but a Plan B for the government. He said that the financial storm has passed, and the country is now only under rain. He said that the DR was …

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Economist Hector Salcedo is predicting an activation of construction, vehicle sales and commercial activities as these sectors react to the decline in banking interest rates. Salcedo said nevertheless there would be a decrease in imports and losses in foreign currency reserves. He said that then one of the reasons for signing a new agreement with …

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The World Bank representative in the DR Robby Senderowitsch denied that the World Bank was making a US$300 million loan for the electricity sector conditional to the signing of an agreement with the IMF. As reported in the Listin Diario, he said that the only World Bank requirement was for the government to close the …

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The National Competitiveness Council (CNC) makes it clear that the new company rules established in the Law on Commercial Societies 479-08 will go into effect on the 19 June, following a six-month grace period, despite the fact that President Leonel Fernandez sent a bill to Congress aimed at extending the grace period for the large …

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The DR has been ranked above average in the Americas in online access to information that has been developed for the courts and public prosecutor’s offices, according to a newly released study by the Justice Studies Center of the Americas of the Organization of American States (JSCA). The DR was ranked 9th of 34 countries …

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Crisis-related factors and other priorities of Barrick Gold mean that investment in the gold mining project in Pueblo Viejo, Cotui will suffer a delay in its implementation. This will impede the goal of capital inflow that was projected by the Dominican government authorities for 2009. According to a report prepared for Hoy newspaper’s economic section, …

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