2013 – Page 252

The Press and Law Foundation has described a move by the Dominican Telecommunications Institute (Indotel) that ‘obliges’ telecom companies to grant government investigative bodies unlimited access to telecommunications made by citizens without a court order as “incompatible with the Constitution”. Lawyer Namphi Rodriguez said that Indotel, on the grounds that it is authorized to do …

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The Dominican Republic has placed an offer for US$1 billion in dollar sovereign bonds at 5.875% yield and 10-year maturity on the international capital markets. This is a record low interest for Dominican sovereign bond offering. Bloomberg announced yesterday, Thursday 11 April that Citigroup Inc. and Deutsche Bank AG were arranging the benchmark transaction. President …

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In response to a public petition, the Higher Administrative Court has ordered the Ministry of Industry and Commerce to make available the documentation on all dore shipments from the Barrick operated Cotui Pueblo Viejo mine since August 2012. It adds that the details of the dates of the shipments, the amount of minerals exported, destination, …

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Deputy Assistant Secretary of State for Western Hemisphere Affairs, covering Cuba, Central America and the Caribbean, Liliana Ayalde was in Santo Domingo visited President Danilo Medina at the Presidential Palace to sign an agreement for a US$3.4 million donation to the Dominican government for citizen security, police training, transparency actions and school safety programs. The …

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The Builders and Housing Promoters Association (Acoprovi) says there is potential demand for 908,428 housing units and called for improved market conditions for developers and buyers. The study was carried out from October-November 2012 with a sample of 2,730 households of a universe of 1.3 million in Cibao, Santo Domingo, Santiago and southern and eastern …

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The Latin American Financial Services (LAFISE) Bank of Nicaragua is the latest arrival on the Santo Domingo banking scene. Bank president Roberto Jose Zamora announced the opening of a first branch at its Av. Abraham Lincoln location on 7 May. He said the bank would service market niches not best served by other banks already …

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Roberto Herrera, a former economic editor for The Santo Domingo News, the predecessor of dr1.com, has been chosen as Young Global Leaders (YGL) Class of 2013 by the World Economic Forum. He is one of 16 people selected from Latin America this year. Roberto Herrera is chief executive officer of the Compania de Electricidad de …

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The mining company Falcondo Xstrata Nickel says it needs 15-20 days to move the naphtha fuel tanks located in Quita Sueno, Haina. Local residents have complained that people are becoming ill due to what they say are toxic emissions from the fuel that is stored in unsuitable tanks. The company has offered to hire the …

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Playing for the Los Angeles Angels, at the age of 33 Albert Pujols became the 35th ball player in Major League History to reach the 1,000 extra-base milestone. In a game against the Oakland Athletics on Wednesday 10 April he went 4-for-4 with two doubles to make the mark. He is the fifth player to …

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Bob Marley’s original band the Wailers is in Santo Domingo for a night of reggae at the Hard Rock Cafe in the Colonial City. The group is visiting the DR after having played a 26 concert-tour in Latin America and the US. Tickets are for sale at Uepa tickets, Moviemax, Jumbo, Supermercados Nacional and the …

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