2010 – Page 73

El Dia reports today on the high costs of credit card financing in the DR. For instance, some cards charge up to 96% in annual interest. El Dia reports that this can be four times the average interest on a personal loan (22.5%), seven times interest on a mortgage (12.95%) and five times as much …

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Herrera Association of Industries (AEIH) president Wadi Cano has called for consensus on the modification of the Law of Companies and said that minority groups were not interested in a custom fit change to the law. Cano says that while it is true that the legislation needs to be modified to correct errors and omissions …

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Representatives of Costa Rica, El Salvador, Honduras and Guatemala are united in challenging what they say is the DR’s imposition of high tariffs on Central American imports. The DR and Central America are signatories of the DR-CAFTA and the Central American Free Trade Agreements. The decision was taken at a meeting held at the Secretariat …

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Once again the prices of gasoline, diesel and aviation fuel have gone up. The Ministry of Industry and Commerce ordered increases ranging from RD$1.60 to RD$2.90 as a result of the increased price per barrel of oil that reached US$84.09 on the commodities market. Premium gasoline will be RD$165.80 a gallon, regular will be RD$156.20 …

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The United Nations Education, Science and Cultural Organization (UNESCO) will send a team to verify the true nature of what some believe might be pre-Colombian structures located in a rural area of Puerto Plata province. If the structures check out, the archeological site could become a magnet for students and professionals alike, since there are …

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Six ministers have been invited to the Senate this week, together with eight directors general, the chief of the National Police, and a superintendent to discuss bills and the National Budget. The ministers who are due to appear at the Senate are Victor Diaz Rua from Public Works, Francisco Garcia Javier from Tourism, Franklin Almeyda …

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In a not unexpected move, the ruling PLD party’s Central Committee has decided to extend the mandate of the current leadership for another five-year period – which must be confirmed by a plebiscite – and convened the VIII Ordinary Congress in memory of Norge Botello. Over 75% of the membership of the Central Committee attended …

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The rival PRD factions finally met over the weekend and decided that the nominating convention to select the party’s candidate in the 2012 presidential elections would be held next March. The decision was reached during the celebration of the Jose Francisco Pena Gomez Congress at the Hotel Dominican Fiesta. Either Milagros Ortiz Bosch or Emmanuel …

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The efforts being made by the authorities to halt crime have not been able to prevent 87 civilian and five police deaths in the first two months of the new Police Chief’s current administration. The Police fatalities included two officers. The daily reports that are issued by the National Police are full of bloody facts …

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In what is becoming a common cause, the president of the Dominican Psychiatric Society warned that “from a mental health point of view, minors involved in criminal acts do not reform, and their behavior will continue to be the same until the day they are taken to the grave”. Dr. Alejandro Uribe Peguero also revealed …

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