2010 – Page 301

A decade ago, apparel exports to the US made up 60% of Dominican exports. But today, these exports have dropped to a third of that level. Last year alone, textile exports declined 27.6% and reached US$466.5 million, or 18% of the total Dominican exports to the US, as reported in El Caribe, basing its figures …

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The Dominican Professional Winter Baseball Championship will go to the limit, with a ninth game required to decide whether the Gigantes of San Francisco de Macoris can take their first championship, or the Escogido of Santo Domingo can make a comeback after 18 years without a pennant. Last night, the Escogido lion roared to stay …

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More than 35 musical stars will be performing at Santo Domingo’s Olympic Stadium on Sunday, 31 January in a fund-raiser for Haiti. The first performers will go on stage starting at 3pm. Tickets are for sale at Uepa Tickets, Solo Tickets Dominicana, Nacional and Jumbo stores. Tickets are RD$400-RD$600. The event is sponsored by the …

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President Leonel Fernandez Reyna has called the new constitutional text, proclaimed by the National Assembly yesterday, “the Constitution of the XXI Century”. During the ceremony, he said the new constitution would be the guarantee of peace, democracy, freedom, social justice, welfare and prosperity of the Dominican family. “Today we have this new Constitution. Here it …

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President Leonel Fernandez was scheduled to leave for Honduras in a private jet from the San Isidro Air Base early this morning. He is traveling to attend the inauguration ceremony for the new Honduran government, led by President-elect Porfirio Lobo (“Pepe Lobo” in the popular press). Accompanying Fernandez will be Foreign Minister Carlos Morales Troncoso, …

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President Ma Ying-jeou of Taiwan will make a three-and-a-half hour stopover in Santo Domingo on Thursday, 28 January to meet President Leonel Fernandez. The President of Taiwan will visit the DR after his stopover in Honduras to attend the inaugural of President-elect Porfirio Lobo. The main topic on the agenda for the DR is how …

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According to Haitian ambassador in the DR Fritz Cineas, Barahona’s Maria Montez International Airport (BRX) will begin to accept flights for passengers en route to Port-au-Prince. Despite having no traffic until now, the Barahona airport has the fourth largest runway in the country, after Punta Cana, Las Americas and Puerto Plata — 9843 x 148 …

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The national pension fund has a total of RD$94.3 billion, of which RD$67.8 billion corresponds to individual capitalization funds. The funds are managed by 5 pension fund management companies (AFPs). According to the Superintendence of Pension Plans, the AFP Popular and Scotia Crecer AFP account for 64.8% of all pension plan affiliates. The funds have …

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When Jose Luis Corripio Estrada (Pepin) speaks, a lot of people listen. One of the DR’s most dynamic and influential businessmen, he is recommending that instead of selling off 49% of shares in the Dominican Refinery (Refidomsa), the government should expand the facility, unless another refinery is built in some other place, as has been …

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The position of the farming sector, as represented by the Dominican Agribusiness Board (JAD), is that shipping tariff increases cannot be borne under the current economic conditions. The Atlantic Clearance Facilitators, a shipping group created by E.T. Heinsen, announced increases for handling freight containers. As reported in Hoy newspaper’s economic section, the JAD and other …

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