2011News

City council to rethink property tax

If the National District Municipal Council does not reconsider the new property tax ordinance, rents could increase by an amount that depends on the property value, as well as increases in condominium maintenance fees. According to Dominican Housing Builders and Promoters Association president (Acoprovi) Fermin Acosta, this situation could cause a reduction in housing demand, …
2011News

Quirino assets under the hammer

Properties valued at more than RD$150 million confiscated from convicted drug trafficker Quirino Ernesto Paulino Castillo will be auctioned by the Oficina de Custodia y Administracion de Bienes Incautados y Decomisados (OCABID), a government office in charge of custody and management of confiscated assets. Office director Laureano Guerrero said they would be sold through the …
2011News

Pedernales lobsters

They are known for being the best in the country, and have unexpectedly gotten a break for their multiplying. But recently, demand for the lobsters plummeted, affecting the livelihoods of many fishermen in the south western province of Pedernales after it was reported that the lobsters had the bacteria that infected hundreds of Venezuelans attending …