2010 – Page 280

The Senate moved last night on the bill aimed at authorizing the President to issue up to US$1 billion in sovereign bonds. The bill says the funds are intended for public infrastructure work. The bill was approved with a minimum of 17 ruling party PLD senators and one PRSC senator. The PRD senators left the …

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Economist Bernardo Vega says that the government has waited for the worst moment to place US$1 billion in sovereign bonds. The former governor of the Central Bank said that a month ago, the interest rate would have been 8%, but now it will be more due to the chilling effects of the financial crisis in …

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The Dominican Republic is ranked second behind Cuba in the Caribbean when it comes to trade with China. The DR exports ferronickel, scrap metal, rice, tobacco, cacao, coffee and bananas to China. Imports include machinery, tools, metal utensils, vehicles, motorcycles, textiles, apparel, school supplies, cell phones and computers. Trade between both nations grew from US$150 …

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The executive editor of Diario Libre urges “good Dominicans” to come forward and take a more active role in Dominican public affairs. He said there is a general wave of apathy that has penetrated the collective Dominican psyche and is making us believe that nothing can be done here, that nothing works and that Dominicans …

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The Department of Customs (DGA) has announced the suspension of operations at Caribbean Recycling, a Swiss capital firm that exported metal, as reported in Diario Libre. The company is located in the Los Alcarrizos Free Zone. Company general manager Juan Gomez Burns told Diario Libre that he denied illegal sourcing, saying that the material was …

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The Dominican government-owned EdeEste power distribution company has restored power service in Haiti. The substations and electric transmission lines had been destroyed during the 12 January earthquake. The company reports that the service was restored in record time, given the magnitude of the damage. The company says that now that power has been restored, businesses …

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The National Car Speedracing Championship starts on 21 March at the Autodromo Mobil 1 off Las Americas Expressway. Competitions will take place in several categories, including DTS and GTS. Watch the leading car racers – Luis Tomas Mendez, Adriano Abreu, Bienvenido Abreu, Jorge Leroux, Cesar Santana and Gustavo Cabrera, among others.

Be inspired by the voices of the National Choir that will perform on Thursday, 4 March at 8:30pm at the Maximo Aviles Blonda hall of the Palacio de Bellas Artes. The Maximo Gomez fine arts palace will be the setting for the performance that marks the 55th anniversary of the choir. Choir director Jose Enrique …

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The Ministry of Foreign Relations of Guatemala confirmed yesterday that the US Secretary of State Hillary Clinton would meet with the Central American presidents and the President of the Dominican Republic Leonel Fernandez in Guatemala City on Friday. “The meeting was coordinated by the US State Department with the governments of the region and will …

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The Executive Branch has ordered 10,855 promotions with wage increases in the Armed Forces and the National Police, one of the largest promotions over the last decade. Diario Libre learned that the Navy has promoted 1,463 officers, according to spokesman Colonel Juan Bienvenido Crisostomo Martinez, “in strict fulfillment of the regulations in the Organic Law …

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