2012 – Page 90

The Central Bank says that it will be changing the color of some of the parts of the RD$200 peso bill starting on 1 October 2012. Some of the gray areas will be changed to green to make it easier to distinguish from the RD$50 peso bill, since they have similar colors right now, according …

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Santiago has received 80% of funding granted by the Reformed Government Enterprises Patrimonial Fund (Fomper). In contrast, only Hato Mayor and Tamayo received funds from the agency with one project each. El Caribe points out that this took place under the administration of Jose Izquierdo, commenting that funding decisions “appeared to be marked by Izquierdo’s …

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Pro-Consumidor, the national consumer rights watchdog, says that the brown sugar laced with sand imported by Casa Chepe from Brazil is not fit for human consumption. El Caribe quotes a press release from Pro-Consumidor and the Ministry of Public Health as saying that the company was notified that it had to withdraw the “sugar” from …

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Deputy Marino Collante, the chairman of the permanent commission of Hacienda in the Chamber of Deputies, is calling for a revision of some 35 laws that grant tax exemptions for different reasons. According to the legislator these tax exemptions cost the state over RD$118 billion a year. A report by Tania Hidalgo in Hoy gives …

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The Association of Commercial Banks of the Dominican Republic (ABA) is proud about the sector having climbed 22 places over the past three years in the World Economic Forum Global Competitiveness Report. In the recently published 2012-2013 report the soundness of Dominican banks is ranked in 30th position, up from 52nd in the 2010-2011 report …

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The business climate in the Dominican Republic is a lot better than 10 years ago, but it still needs to be improved, says William Malamud, executive vice president of the American Chamber of Commerce in the DR. During his contribution at a recent Economic Breakfast meeting at El Caribe, Malamud said that as far as …

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Economist Fernando Alvarez Bogaert said yesterday, Sunday 16 September that the nation’s deficit is closer to RD$101 billion than the RD$96 billion being quoted by businesspeople and independent economists. He said that in the last five years the government has accumulated a deficit of around RD$350 billion. He added that the Dominican government payroll is …

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The massive beach cleanup effort on Saturday 15 September produced over ten tons of refuse, and most of it was plastic. In several articles in the nation’s newspapers, reporters noted that plastic in all shapes and forms was the major polluter of the beaches. Just one cleanup brigade made up of 200 Banco de Reservas …

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The 382,000,000 gallons of water pumped into the Santo Domingo Water and Sewer Corporation’s water system are never enough to provide the huge city with sufficient water. The reason is incredibly simple: between 45% and 50% is either lost in leaks or wasted by customers, CAASD director Alejandro Montas told reporters from Diario Libre. He …

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Hundreds of people, including prominent environmentalists, university professors, and community and union leaders, held a huge march in Santo Domingo yesterday, Sunday 16 September from Independence Park to the Presidential Palace, as part of a campaign for the government to refuse permission for the exploitation of a ferro-nickel deposit in Loma Miranda. The Loma Miranda …

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