2009 – Page 328

Aguilas fans might want to put their pennants away for the season. Barring a miracle of grand proportions the Aguilas’s post-season is over. Last night the Aguilas suffered a 9-3 drubbing at the hands of the Gigantes. Though the Aguilas have done almost nothing right during this post-season, the Gigantes have been almost unstoppable. Gigantes …

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The Ministry of Foreign Relations says that President Leonel Fernandez will not be attending the inauguration of US President-elect Barack Obama on 20 January after all. Correcting earlier reports in the press, the ministry said that heads of state are not invited to the inauguration, only the chiefs of each diplomatic mission. As a result, …

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In a letter sent to the International Monetary Fund (IMF), the Dominican government says that the stress test carried out by the Superintendent of Banks “suggests that the banking sector can resist the current global financial conditions without any great problems.” “The banks are well capitalized, are earning money and are blessed with sufficient liquidity …

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Total expenditure by the central government during 2008, excluding financial applications, exceeded the total income for the same period during the previous year by RD$26.488 billion, according to the Ministry of Hacienda. In a report, the ministry indicated that as of 30 December 2008, central government expenses reached RD$270.78 billion, a figure that exceeded the …

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Central Electoral Board (JCE) Administrative Chamber president Roberto Rosario suggests that the JCE recommend that the Executive Branch submit a bill to Congress aimed at modifying Civil Registry Law 659 to enable local civil registry officials to correct errors in official civil registry birth, death, marriage or divorce documents themselves. Currently, to make the corrections …

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Major debates are ongoing regarding a proposal that President Leonel Fernandez has included in the Constitution Reform bill to create a Constitutional Chamber and Judicial and State Council, after comments made by Supreme Court president Jorge Subero Isa on occasion of Judicial Branch Day events. Subero Isa in his speech commemorating the day said the …

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Legal experts Eduardo Jorge Prats, Aura Celeste Fernandez and Justice Commissioner Lino Vasquez also reject the idea that the creation of a Constitutional Chamber would put judicial security, democratic governance at risk, and produce a “train wreck” between the three powers of the State as claimed by Supreme Court Chief Justice Jorge Subero Isa. A …

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The Department of Taxes (DGII) reports that wages up to RD$27,525 per month will be exempt from paying taxes. This is up from RD$26,334 tax exemption for 2008. The DGII reports that wages up to RD$330,301 a year are exempt, which on a 12 month base breaks down to RD$27,525. Those earning from RD$330,301.01 to …

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On 15 December President Leonel Fernandez signed Law 479-08 – the Ley General de las Sociedades Comerciales y Empresas Individuales de Responsabilidad Limitada – into law, establishing new simplified criteria for the formation of companies in the Dominican Republic. Just two, down from seven shareholders, are needed to form a company of limited responsibility. The …

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The Fernandez administration now admits it spent RD$1.6 billion to remodel the Palacio de Bellas Artes. The government originally reported that the renovation had cost RD$700 million. Journalist Alicia Ortega had revealed the discrepancies in the actual cost and the published cost in a TV documentary. According to El Caribe, project supervisor Alejandro Lugo confirmed …

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