2010 – Page 7

A tire blow out led Latin American Idol Martha Heredia to lose control of her Rav4 on Duarte Highway and not be able to avoid killing 16-year old Haitian who was walking on the side of the highway. The accident occurred on Saturday early morning near Villa Altagracia, on the Daurte Highway when driving from …

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Popular rock group, Tribu del Sol is at Hard Rock Cafe in the Colonial City, tonight at 9pm. The Hard Rock Cafe faces Columbus Park on Calle El Conde. Tel 809 686-7771. For more on upcoming events, see http://www.dr1.com/calendar

The Aguilas lost 2-0 to the Licey at the Quisqueya Ball Park. This was Licey’s first win after a seven-game loss streak. The Aguilas could now not make the crucial 4th place that is necessary to play in the round robbin. The Aguilas are half a game behind the Gigantes del Cibao. The Gigantes del …

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President Leonel Fernandez said on Sunday that the Dominican economy would grow in 2011 regardless of the continuing global economic crisis. The President said that the behavior of the economy was positive and showed growth in 2010. Fernandez made the comment speaking to reporters while handing out Christmas boxes in the barrio of Pueblo Nuevo …

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The government and the business sector have different opinions with regards to 2011. While the President said in San Francisco de Macoris that next year will be prosperous, spokesmen for the National Council of Business (CONEP) say that it will be a year with “a lot of limitations”. According to the Nuevo Diario, Economy, Planning …

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The companies that are covered by the Innovation and Competitiveness Law, by way of Pro-Industria, only receive tax exemptions for the ITBIS (the local VAT tax) in Customs for RD$724 million. They refuge the statement by the president of the Senate, Reynaldo Pared Perez (PLD-National District) who said the exemptions are 5% of GDP. Pared …

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Central Bank governor Hector Valdez Albizu announced on Friday that the International Monetary Fund (IMF) has approved the fourth review of the stand by agreement. He said the approval is evidence Dominican financial authorities are committed to meet goals and objectives included in the agreement. He said that the prudent management of monetary and fiscal …

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Economist Bernardo Vega told Hoy that apparently the government does not plan to reduce borrowing. He said in the addendum to the budget, another 26 loans were included, of which 13 are with private banks at commercial interest rates. Payments on these loans would have to commence in 2012. He mentioned that the 13 commercial …

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Economist and coordinator of the Human Development Office for the United Nations, Miguel Ceara-Hatton pointed out in his participation in the year’s end economic debate on TeleAntillas, Channel 2, said that the DR is less attractive for investors. He mentioned worsening of public services, unskilled labor force, institutional deterioration and violation of the rule of …

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The Chamber of Deputies will vote on the 2011 National Budget legislation today, after a second reading. The budget had been approved during a first reading last Thursday. Diario Libre says that no surprises are expected during the hearing. The bill would then be sent to the President for his signature and publication. PLD and …

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