2013 – Page 215

The Central Bank is proposing to activate the economy by freeing up of some RD$20 billion in legal reserve funds from the banks. The response from financial agents seems to reflect that this measure is working, and is growing as the days pass. Banks and other financial institutions, as well as appliance stores, car dealerships …

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The government has reached an agreement with the Dominicana Vias Concesionadas (Dovicon), the Colombian company that was awarded a 30-year concession contract to administer the Duarte Highway to Puerto Plata and the 6 November Highway to the southwest. The financial implications will result in the government paying the company US$135 million. The Dovicon contract, signed …

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President Medina has sent President Barack Obama his condolences for the terrible death toll in Moore, Oklahoma after an F-5 tornado tore through the area and killed over twenty people on Monday, 20 May. The storm destroyed two schools that were in session when the storm hit. Medina expressed the condolences of the Dominican People …

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The Chamber of Deputies has unanimously approved a resolution for a proposal to the Dominican Institute of Telecommunications (Indotel) and the National Institute for Protection of Consumer Rights (Proconsumidor) to regulate the terms and conditions of standard-form contracts (also called boilerplate contracts) issued by telecommunication services companies providers. Deputy Leivin Guerrer, chairman of the lower …

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The general manager of EGE Haina, Tito Sanjurjo has spoken out against the government’s planned ownership of the coal-fired generation plants for which a tender was recently called. As reported in Diario Libre, Sanjurjo believes that the state should not compete with private investors for energy generation because this would discourage the arrival of new …

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Eighty-five per cent of respondents to a poll by Penn, Schoen and Berland say they are more satisfied with the Medina administration than with the past Fernandez governments. An overwhelming 91% of the PLD members said so, while 80% of respondents who identified themselves as PRD supporters also gave the Medina government a high rating. …

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Texas Intermediate, the benchmark crude oil for establishing the electricity rates in the Dominican Republic, fell to US$96.16 a barrel in trading on the New York Commodity Exchange yesterday, Tuesday 21 May. This was a US$0.55 drop from Monday’s close. The loss also put an end to a five-day cycle of increasing prices for oil …

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Attorney General Francisco Dominguez Brito says that the Dominican Constitution is clear on the granting of Dominican citizenship. However, he acknowledges that there were some people who were born in the country, going back perhaps as many as two or three generations, whose status needed to be changed for human reasons. He said that his …

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The city government of Santiago, the second largest city in the Dominican Republic, has announced a new disposition whereby the Municipal Police and city government inspectors are authorized to arrest and prosecute anyone caught throwing garbage in the streets. The director of the Department of Transport and Cleanliness of the City of Santiago, Sifrido Serulle …

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The drone solution to effective distribution in inaccessible areas will be presented at a Ted Talk on 11 June. A Dominican, Paola Santana is one of the co-founders of the start-up to manufacture solar-powered quadcopters with GPS and sensors, which can carry a few kilos up to 10 km. The drone flight missions are to …

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