2013 – Page 116

The Ministry of Labor and the National Wages Committee has approved a 14% increase in the legal minimum wage for hotels, bar, casino and restaurant staff. Resolution No.4/2013 sets the minimum at RD$8,040 a month for companies with assets from RD$4 million. Employees of companies with assets worth RD$2 million to RD$4 million will receive …

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Referring to the recent two-percent increase in the Central Bank benchmark interest rate, business owners interviewed by journalists of acento.com.do and El Caribe say they accept that the Central Bank had no alternative. The Central Bank approved the rate at which monetary policy is set from 4.25% to 6.25% yesterday, Thursday 29 August. The peso …

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If you wondered about the blackouts yesterday, Thursday 29 August, the CDEEE has issued an explanation. A breakdown in the national electricity system yesterday afternoon caused 12 power plants to crash, resulting in a deficit of more than 700 megawatts and blackouts in several parts of the country. The Electricity Transmission Company (ETED) reported that …

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Financier Luis Alvarez Renta, who is serving a jail sentence for his role in the Baninter banking collapse, has challenged the Central Bank to reveal to the public the contents of the “secret” agreement that former Baninter president Ramon Baez Figueroa signed to obtain his probation after completing five years of his 10-year sentence. Alvarez …

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Dominican botanists have confirmed the discovery of a new palm tree species in Lake Enriquillo, in the southwest of the country. National Botanical Gardens director Ricardo Garcia and president of the Academy of Sciences Milciades Mejia say the finding was only confirmed after 26 years of research. The new palm tree is to be known …

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It’s the university in their backyard, and now the Technological Institute of the Americas (ITLA) is reaching out to convince teenagers in Boca Chica to study high tech. ITLA has announced a new free training program in information technology and communications and English language for Boca Chica residents. The plan is to reduce the digital …

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With this year’s focus on innovating with electricity, students from the Institute of Technology of Santo Domingo (INTEC) are showing off their creative talents and ingenuity and inviting the general public to see the exhibits at the Intecnologia 2013 Fair. The students are also seeking to contribute to business and industrial development in finding new …

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ES Magazine of Hoy newspaper and Puntacana Group have awarded six organizations with the ES Conservation and Environment Prizes, now in their fourth year. The awards are given to individuals and entities for their actions and solutions to protect the environment. This year the Fundacion Desde el Medio won the main prize, presented to Ivan …

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Security at Najayo Jail has been increased for Leavy Nin Batista and Sobeida Felix Morel, the wife and girlfriend of international drug trafficker Jose David Figueroa Agosto. Ysmael Paniagua, spokesman for the Najayo Women’s Jail, said that the measures were taken after the Puerto Rican drug capo accused his lawyer Ramon Negron Colon of asset …

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The National Police, now under Major General Manuel Castro Castillo, has announced the sacking of another 15 police agents from the force. In his first two months in the post, Castro has removed 101 agents. Most are accused of complicity with criminals. The recent dismissals include a high-ranking officer, Major Flavio R. Figuereo Baez. Others …

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