2012 – Page 151

Information obtained by Hoy newspaper states that international federal organizations together with the support of Dominican state intelligence and the Armed Forces are looking for more than 200 foreigners with ties to crimes carried out in their own countries and who are believed to have taken refuge in the Dominican Republic. According to sources, of …

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The 11th IMF Annual Regional Conference on Central America, Panama and the Dominican Republic will be held in Punta Cana from 26-27 July. International Monetary Fund Western Hemisphere Department director Nicolas Eyzaguirre explains that at the event, economic authorities of the region reflect on the challenges that their countries face in the near and medium-term. …

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The 50th World Optimist Sailing Championship began yesterday at the Santo Domingo Yacht Club with over 100 competitors from 52 countries. The opening ceremony was led by Peter Barclay, president of the International Sailing Federation, Dominican Olympic Committee president Luis Mejia and the local ministers of Sports and Tourism, Felipe Payano and Francisco Javier Garcia, …

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People will have to unlearn driving in Santo Domingo once new dispositions planned to expedite traffic go into effect in August as planned. The city government of Santo Domingo seeks to be able to implement a yet-to-be-approved plan to improve the flow of traffic in the city by eliminating many left turns on leading thoroughfares. …

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The country’s public and foreign debt is growing by the day, as is the fiscal deficit, which economists and businesspeople are projecting will close the year above the RD$100 billion mark. The public debt, measured from December 2011 to May 2012, has increased by 4.6%, without counting the US$290 million or the US$500 million in …

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Ignacio Mendez, a member of the Technical Team working on the transition to the new administration headed by Danilo Medina, said yesterday, Monday 16 July that the President-elect is considering a reduction in public spending. “They are reviewing the priorities of expenditures and the volume of expenses that are considered not necessary and not priorities …

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A court in El Seibo has ordered the Central Electoral Board (JCE) to issue the personal identification cards known as cedulas to more than 100 persons of Haitian parentage or descent that claim Dominican nationality. The court said that the JCE had violated the fundamental rights of these citizens. Similar cases have been presented and …

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More than 4,000 teachers who belong to the Teacher’s Medical Insurance (Semma) program have filed a class action lawsuit against its former executives. The action was filed with the National Directorate for Prosecution of Administrative Corruption. The accused, according to El Nuevo Diario, are Francisco Cruz Pascual, Fernando Adriano Conde Modesto, Marcelino Rijos Guzman and …

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An interesting article in today’s Listin Diario lists the questions that many have on inheritance taxes versus giving your property away while alive. Lawyer Edgar Barnichta Geara says that the laws are seriously out of line, since inheritance taxes are 3% and gift taxes are 25%. This means that if you give your child a …

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Not only has the economic crisis affecting Spain put the amount of remittances that reach the town of Vicente Noble “in the red,” but it has forced many people who used to wait for their “pennies” to have to “scratch together” money in order to support their relatives who await the fund in the “Motherland.” …

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