2009News

Mota’s tribute

Manny Mota arrived in Los Angeles in 1969, and 40 years later the legendary Dominican is still with his beloved team, living what most would consider a dream. And for a few moments, before yesterday’s Dodgers Pirates game, Chavez Rivine Stadium, was converted into the Caribbean, as the Dodgers paid tribute to Mota’s 40 years …
2009News

Beach clean-up day

Volunteers can still sign up to contribute their efforts to Beach Clean-Up Day, which is taking place on Saturday, 19 September in the DR as well as all around the world. The Ocean Conservancy International Coastal Clean-up initiative is coordinated in the DR by Fundacion Vida Azul, the leading marine environmental group. The clean-up work …
2009News

Customs gets better

A World Bank report indicates that the DR’s Customs Department (DGA) is second in Latin America in having achieved reductions in cost and paperwork for imports and exports. Customs director Rafael Camilo welcomed the news, describing it as important and transcendental. The DR is listed 2nd on the list in 2009 in the Trading Across …
2009News

Deficit not sustainable

The DR’s current budget deficit is not sustainable, according to Franco Uccelli, vice president of JP Morgan’s Emerging Markets department. Uccelli expects the DR will end the year with a 3.5% deficit in its GDP, twice what the government had forecast. He spoke during a breakfast organized by the Spanish Chamber of Commerce. Uccelli believes …
2009News

Where are the savings?

Diario Libre editorial today drives home the point that the government has to start saving. “The Dominican state lacks a coherent resource distribution policy. All public works are built with international loans,” comments the newspaper in its editorial today. It also makes the point: “Neither is there money to adequately maintain the infrastructure, or to …
2009News

Double taxation coming?

The National Business Council (Conep) has published a paid full-page ad in leading newspapers rejecting the proposal that city governments should be allowed to create taxes. Conep is concerned about Article 1987 of the proposed new Constitution: “City governments may establish tariffs in their territory authorized by law.” Conep interprets it to mean that this …
2009News

IDB offers energy help

Manuel Labrado, local representative of the Inter-American Development Bank (IDB), announced that next week an IDB mission will meet with Celso Marranzini, the newly-appointed vice President of the State-Owned Electricity Companies (CDEEE). The IDB will offer support for dealing with the problems plaguing the DR electricity sector.