2010News

Stop taking on debt!

The organization that groups shopping malls in the DR, ONEC, has called on the government to put the brakes on taking on public debt. He said that the public debt is already more than 40% of the Gross Domestic Product. Pedro Perez Gonzalez, president, Antonio Ramos, vice president and Ernesto Martinez, treasurer attended a discussion …
2010News

Mobile services in decline

The Dominican Telecommunications Institute (Indotel) warns that the quality of cell phone services in the Dominican Republic is declining. Jose Rafael Vargas, president of Indotel, said the office plans to conduct an in-depth study with foreign consultants to examine the quality of mobile communications and the Internet networks to establish what actions and corrections are …
2010News

Corripio & Vicini buy majority Listin

7dias.com.do announces that the Listin Diario Communications Group has been purchased by the Corripio and Vicini business groups. Listin Diario was in considerable debt following the collapse of Baninter. 7dias.com.do said the Grupo Corripio is now controlling the Listin’s operations. Pepin Corripio, who now heads the media group board, said that all employees would continue …
2010News

French money for business

The French government will channel loans for US$25 million for the medium and long-term financing of private business in the DR through Proparco and the Banco Popular. The Promotion, Participation for Economic Cooperation (Proparco) is a development financial institution partly held by the French Agency for Development (AFD) and private shareholders. The Banco Popular will …
2010News

Dominican beauty salons in WSJ

Journalist Corey Dade reports in the Wall Street Journal on how Dominican beauty salons have displaced African-American hairdressers. The Dominican stylists have been successful in styling and straightening hair, and do this for better prices, less time and longer-lasting styling techniques. “Armed with a blow dryer and brush, deft wrist action and shrewd promotional tactics, …
2010News

Junot Diaz on Pulitzer Prize board

Dominican Junot Diaz will help choose future Pulitzer Prize winners. On 20 May, Columbia University announced the Pulitzer Prize-winning novelist whose work explores the Dominican-American immigrant experience, has been elected to the Pulitzer Prize Board. Diaz works as a creative writing professor at the Massachusetts Institute of Technology. In 2008 he won the Pulitzer Prize …