2009 – Page 263

President Leonel Fernandez will travel to Lake Enriquillo on Thursday and visit the community of Los Rios, Bahoruco where he will outline the government’s efforts to help people who have been affected by the rising lake waters in the provinces of Bahoruco and Independencia. Fernandez will be accompanied by the officials in charge of finding …

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President Leonel Fernandez has criticized salary increases across government departments and several municipalities, saying that they not in keeping with the current situation. In a press release issued by the Presidential Press Department yesterday, the Chief Executive states that these increases “are creating a distortion in the salary regime throughout the administration, as some state …

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Central Bank (CB) governor Hector Valdez Albizu and the Dominican Association of Commercial Banks (ABA) have both issued statements that said, in effect, that interest rates on loans are going down as a result of the measures ordered by the Monetary Board. Although they did not name names, both entities were no doubt referring to …

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Apolinar Veloz, former general manager at the Central Bank says that the measures announced by the Central Bank to stimulate a reduction in lending rates have so far only benefited the commercial banks. He said the rate reduction has yet to trickle down to business and individual consumers. Veloz, interviewed on the Uno + Uno …

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The Fernandez administration tells the story of its progress in these difficult economic times in an advertising supplement in the New York Times Magazine. The 22 February 2009 supplement features interviews with President Leonel Fernandez, Economy Minister Temistocles Montas, Center for Exports and Investments director Eddy Martinez, and Andres Vanderhorst of the National Competitiveness Council …

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The Private Clinics Association (Andeclip) and the Health Management Providers (HMOs) just can’t seem to reach an agreement. The clinic owners rejected the HMO request to eliminate deductions on invoices until the National Council of Social Security readjusts the official rates. Andeclip president Rafael Mena said that he did not know anything about this agreement …

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Colmados and supermarkets in Santo Domingo are selling eggs and poultry at higher prices. Eggs were at five and six pesos and poultry was selling for between RD$45 and RD$60 a pound. These high prices are due to shortages and speculation by intermediaries. Last year there was a serious egg production crisis and several producers …

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The Inter-American Development Bank is warning that Latin America should expect a decline in flows of money sent home by migrants hit by the economic slowdown and exchange rate swings. The IDB says that after almost a decade of growth, remittances to Latin America and the Caribbean are likely to decline in 2009 for the …

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The enormous increase in the number of high-rise apartment buildings in Santo Domingo is the main cause of the traffic chaos experienced by most of the city’s population on a daily basis. This was the opinion of the National Forum “UNPHU Spaces”, sponsored by the Pedro Henriquez Urena National University (UNPHU). The city center is …

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The Police Officers Wives Association has said it would help support the police private who gave birth to triplets at the Centro Medico Vista del Jardin in Santo Domingo. They will ensure that she receives a year’s supply of baby milk formula, and will purchase the cribs and baby clothes. Police private Medara Linares, a …

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