2010 – Page 70

Following heated debates in the press between hotel sector representatives and the city government about responsibilities for maintenance of the Malecon, the local authority has got down to work. Diario Libre reports that intense works have begun to fix up the city’s sea-fronting boulevard. A brigade of 180 council workers is working on sprucing up …

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Minister of Hacienda Vicente Bengoa has revealed that budget adjustments need to be made in order to accommodate the Constitutional Tribunal, the People’s Defender (Ombudsman) and the Electoral Tribunal, expected to begin work in 2011. He re-stated his pledge that no new taxes would be created. Interviewed as he left President Leonel Fernandez’s office, Bengoa …

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Next week, the Executive Board of the International Monetary Fund (IMF) will study the Letter of Intent (LOI) sent by the Dominican government for the approval of the second and third reviews of the Stand-by arrangement. Diario Libre says that the review of the LOI had been set for next Monday 18 October, according to …

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The Superintendence of Banks says that many aspects of credit card use in the DR needs to be standardized for the benefit of consumers. Julio Cesar Munoz, director of the of the User Protection Department at the Superintendence said that a proposal for the regulation of credit cards in the DR was submitted to the …

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The Dominican Republic is not violating the DR-CAFTA treaty as stated by Costa Rica. According to the Director General of Customs (DGA), Rafael Camilo, the Central American nations are the ones in violation of the treaty. In articles in most of today’s newspapers, government officials and spokespersons for business and industrial associations are defending the …

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Accumulated inflation so far this year stands at 4.24%, according to the Central Bank. The Central Bank reported that the Consumer Price Index in September was up by 0.77% compared to August. “This percentage means we are likely to meet the goal of year-end inflation between 6-7%, as established in the bank’s monetary program,” reported …

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Falconbridge Dominicana has announced the reopening of work at the mine and foundry in Monsignor Nouel province after a two-year shutdown. However, they said that the mine would only be operating at 50% capacity. The Falconbridge facility in Bonao is one of only a few of its type in the world, capable of starting production …

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French economist and consultant Jacques Attali has suggested lines of action for the Dominican government to follow in order to create the conditions needed for applying the National Development Strategy (END) proposed by different sectors of the nation. According to El Nuevo Diario, some of these priorities are: strengthening confidence in public institutions, providing quality …

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CNN reports that more than a billion people worldwide have been watching the moving telecasts and online reports from Chile. Dominicans joined the world in watching the rescue of the Chilean miners before going to sleep last night and first thing in the morning. The story of the rescue seems to have united the world …

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The National Drug Control Department has arrested Hengerbeth Pineda Cuevas, suspected of being the head of a network that sent “mules” to the United States and Europe, and his assistant Jose Manuel Martinez. Three foreigners who were about to board flights carrying more than five kilos of cocaine were also arrested. They were Joel Alexander …

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