2013 – Page 239

The Grammy and MTV Music Award Winning rock band, Living Colour will be playing in Cabarete on 9, 10, and 11 of May to support the DREAM Music Program in Cabarete. World famous bass sensation Doug Wimbish and other band musicians are back for Wimbash Cabarete, now in its third straight year. The musicians are …

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Car racers from Puerto Rico, Panama, Haiti and the Dominican Republic will be at the Mobil 1 Autodrome on Las Americas Expressway this Sunday, 5 May for the Second Race of the Annual Car Racing Circuit. Races start at 10am. Tickets are RD$300, RD$800 and RD$1,200 and can be purchased at the track and through …

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Colonel Francisco Alberto Caamano Deno was honored at the Pantheon in a solemn ceremony led by the President and Vice President of the Republic at 11am yesterday, Wednesday April 24. National Commemorations president Juan Daniel Balcacer made a speech, and Francisco Alberto Caamano Acevedo, son of the national hero, gave the vote of thanks, describing …

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President Danilo Medina has inaugurated the first stage of a housing project with 1,674 apartments at a cost of RD$2,000 million. The project, which is being built by Bisono, is located in Santo Domingo North, within Ciudad Modelo, and the first stage consists of 216 apartments in three-story buildings. Father Francisco Javier Mena blessed the …

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Minister of the Environment and Natural Resources Dr. Bautista Rojas Gomez has announced the immediate start of a reforestation program to plant around 12 million trees in approximately174,900 tareas throughout the country, at a cost of RD$260 million. He said that the initiative forms part of the project outlined by the President to increase the …

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According to deputy Tourism minister Radhames Martinez Aponte, speaking at the launch of the Dominican Annual Tourism Exchange (DATE) earlier this week in Punta Cana, the Dominican Republic’s tourism sector is seeing significant growth from Russia. The country has experienced what Aponte described as a ‘mass arrival’ of Russian tourists last year, with a total …

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The Medina administration met with business representatives yesterday, Wednesday 24 April and pledged to restart the work of the Economic and Social Council (CES) to achieve effective implementation of the three national pacts n education, energy and economy. The pacts are established in the National Development Strategy Law passed in 2012. The private sector was …

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Instead of legislating to eliminate the Dominican penny, Central Bank governor Hector Valdez Albizu is advising legislators to launch an awareness campaign for the use of the monetary unit. Valdez defended the penny during a meeting at the Senate, which is studying a resolution aimed at eliminating the penny. Valdez says there are enough pennies …

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The Superintendent of Pensions Joaquin Geronimo said that as of 31 March the Pension Funds totaled more than RD$210,267 billion. This is equivalent to 9.1% of the Gross Domestic Product (GDP). He said that 50% of those funds have been deposited in government bonds at the Central Bank and another 30% are deposited in commercial …

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Economist Miguel Ceara Hatton says there is a large gap between people’s productivity and the minimal resources they receive. He says that the costs of the main services are increasing, but salaries are not. He went on to say that the country’s poverty level stands at 42%, and although this would suggest that if wealth …

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