2010 – Page 277

Economist Arturo Martinez Moya writes today in Hoy that the government set RD$22.74 billion or US$600 million in the budget for the issuing of the sovereign bonds, prior to their issuing, at an exchange rate of RD$37.90. This means the government is expecting the peso to depreciate 3.8% compared to 2009. His point, nevertheless is …

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The PLD-majority Congress has approved loans for US$2.05 billion and EUR9.4 million equivalent to RD$91.35 billion. In 2008 alone, the Congressmen approved US$549 million for the construction of road infrastructure, purchased eight Super Tucano airplanes, took on debt for the Pinalito dam and projects under the so-called Social Cabinet of the Presidency. In 2009, foreign …

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Business representatives said they do not object the appointment of a politician to head the Superintendence of Pensions (SIPEN), as is the case of Joaquin Geronimo, as reported in El Caribe. He replaced former Banco Popular banker, Persia Alvarez. The newspaper says that they do warn that they will be monitoring developments to avoid that …

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Remittances sent home by Dominicans in 2009 is less than that in 2008, reflecting the declines in employment and in migrant income abroad as a consequence of the global financial crisis, according to a report issued on 4 March by the Multilateral Investment Fund (FOMIN), a division of the Inter American Development Bank (IDB). Remittances …

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There is a slight shortage of refined sugar in the local marketplace, resulting in price increases. Merchants questioned by reporters from the Nuevo Diario said that the local market is feeling the effects of sales to markets in Haiti that are paying higher prices for the goods. Scarcity is felt more in the southern and …

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A white Land Rover, seized from fugitive Sobeida Felix Morel, as well as a flotilla of vehicles belonging to her suspected lover Jose Figueroa Agosto, which include a Jaguar, make up part of the more than 3,000 pieces of evidence under the custody of the District Attorney for the National District. A Porsche and a …

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The head of the National Department of Drug Control (DNCD) called on all of the officers that hold command positions to submit their sworn statements of assets by next Monday. The head of the DNCD says officers who do not fulfill requirement will be discharged. If they do not, “they will be excluded from the …

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Two years after the death of second lieutenant of the National drug Control Department Guillermo Antonio Tejeda Kranwinkel, his father, journalist Guillermo Tejeda calls for justice to the murderers of his son. He denounced that networks of drug trafficking continue to infiltrate the DNCD and the police and have impeded the resolving of the case …

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Agents of the Central Anti-Drug Department of the National Police (DICAN) confiscated a cargo of 75 kilos of cocaine, distributed in 60 packages, during an operation in southwestern Azua over the weekend. The anti-drug agents had been on the trail of the traffickers for weeks. The operation was carried out at 3pm on the highway …

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Dominicans that have been taking out their overcoats from the closets for the past five days of cool temperatures can put them back. According to the information from the National Meteorological Office (ONAMET), temperatures will return to usual today, as the frontal system that caused the lows moves forward. Temperatures had declined to as low …

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