2009 – Page 27

In today’s Hoy newspaper, former Central Bank operations manager Apolinar Veloz makes the point that the amount a country can borrow is determined by its capacity to pay, not by comparisons with the debt situation in other countries. He shares the concerns expressed by business groups and civil society about the spectacular increase in government …

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Writing in today’s El Caribe, former economic advisor to the Hipolito Mejia government Andres Dauhajre highlights the marked difference between Department of Taxes (DGII) and Central Bank statistics by presenting them side by side: The Central Bank has announced that in the third quarter of the year the GDP grew 3.4%, and that there has …

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According to Diario Libre, 6.1 million Dominicans will have the right to vote in the 16 May 2010 municipal and congressional elections. Candidates will be elected for a 6-year term. About 54% of voters are concentrated in just five areas: The province of Santo Domingo (20%), the National District (13%), Santiago (11%), San Cristobal (5.5%) …

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The current mayors of the National District and Santo Domingo East, TV personality Roberto Salcedo and gaming czar Juan de los Santos head up the voting in their quest for re-election in their respective municipalities, running for the Dominican Liberation Party (PLD). The results of the first bulletin of the second stage of the election …

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Despite reports of minor incidents at some voting tables, the first phase of the PRD XXVIII Extraordinary Convention went off without major issues in the National District, the provinces of Santo Domingo, La Altagracia, La Romana, San Pedro de Macoris, Hato Mayor and Monte Plata. These areas were designated for the election of candidates for …

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Dominican banana exports increased from US$104 million in 2008 to US$158 million this year. Exporter Luis Bonilla says that shipments are at a level of around 3,000,000 18kg boxes per week. He said planted areas have increased from 160,000 tareas to 220,000 (1 tarea = 629m2). Bonilla said that lands formerly used for rice is …

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The National Trade and Business Federation (Fenacerd) is calling on the electricity distributors to create mechanisms for compensating paid up customers. The idea is to help provide incentives for prompt payment. Fenacerd president Roberto Rosario, who represents 30,000 members from the trade and business community, was speaking at a seminar on “The Impact of the …

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The National Drug Control Department seized 130 bricks of a substance suspected to be cocaine on Saturday. The alleged drugs were hidden in sacks of yautia (taro or manioc) and sweet potato that were to be exported to Puerto Rico on the ferry later in the day. The container was seized at the Duarte Highway …

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Results of a Gallup-Hoy poll indicate that 52.6% believe drug trafficking has penetrated the DR because of complicity between drug dealers and the authorities. 80.4% of those polled believe that drug trafficking is on the rise. Interestingly, 92% of polled citizens who have higher education studies think that drug trafficking has increased. To support the …

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The commission that investigated the deaths of two men suspected of involvement in the kidnapping of Eduardo Baldera Gomez has established that their deaths were the result of executions and not the consequence of a gun battle. During a press conference led by Prosecutor General Radhames Jimenez, it was recommended that Lieutenant Colonel Alberto Trejo …

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