2013 – Page 253

The Department of Taxes (DGII) has announced an 18.9% increase in its revenues. It is collecting RD$10.8 billion more for the first quarter, compared to the same period in 2012. The DGII says that revenues for January to March 2013 totalled RD$67.87 billion, up from RD$57.07 billion. In March alone, tax collections were up 13%, …

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The Central Bank reports that the Consumer Price Index increased by 0.38% in March compared to February. Accumulated annual inflation is now at 1.97%, and inflation for the past 12 months (measured from March 2012 to March 2013) is at 4.97%. This is similar to last year’s inflation rate of 4.94%. The Central Bank had …

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According to a communication issued by Banking Superintendent Rafael Camilo, the Dominican Republic banks have more than RD$185 billion available for loans and overdue loans of only 3% which places them at one of the most solid sectors in the region. Camilo said that the economic situation in the country as a whole was difficult …

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The Dominican government will welcome around 1,000 representatives of the 52 Economic Commission for Latin America and the Caribbean (ECLAC) member states when the country hosts the XII Regional Conference on Women in Latin America and the Caribbean from 14-18 October this year, on the theme of “Gender Equality, Women’s Empowerment and Information and Communication …

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As part of the Presidency Social Assistance Plan, the Government has been handing out food parcels to 10,000 people living in communities in Santiago Rodriguez and Elias Pina provinces. In Santiago Rodriguez the food parcels were distributed to families identified as most in need by the Director General of the Plan, Cesar Prieto, following a …

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In an interview with Listin Diario, environmental activist Robert F. Kennedy Jr. warned Dominicans that mining companies make many promises but rarely keep them. He advised the government to introduce very strong legislation to oblige these companies to restore the lands after mining. He said that in most cases the companies promise they will restore …

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According to a press release, following an inspection by deputy minister Angel Daneris Santana, the Ministry of the Environment has ordered the Falcondo Xstrata Nickel mining company to carry out immediate checks on its naphtha storage tanks due to the strong smells that are affecting the local community of Quita Sueno, Haina. Naphtha is a …

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A shipment that was detained at the Las Americas International Airport cargo warehouse was returned to the Cotui mining plant after the Department of Customs established that there were irregularities in the export declaration form. The shipment of four boxes of dore bars valued at US$16 million had been ready for export since Tuesday, 9 …

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North American gold mining companies see big opportunities in the Dominican Republic, especially from the publicized high profitability Barrick landed with the Dominican government. Gold Investing News lists big companies and many so called junior companies that have contracts with the Dominican government. These include Perilya’s gold-copper mine in Cerro de Maimon, PanTerra’s Las Lagunas …

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Former President Leonel Fernandez has declared personal assets of RD$14 million, a two million-peso reduction on his 2008 statement. Fernandez was President of the Dominican Republic from 1996-2000, and from 2004-2012. Acento.com.co reports that he fulfilled the requirement of declaring his personal worth at the National Treasury on 30 October 2012, after the end of …

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