2014 – Page 129

Playing in the Citi Open taking place in Washington, D.C. Association of Tennis Professionals World Tour, Dominican tennis player Victor Estrella (ATP ranked 87th) defeated Tobias Kamke of Germany (ATP ranking 77th) 6/2 4/6 and 7/6 to advance in the tournament. Today, 30 July 2014 at 4pm he will match Feliciano Lopez of Spain, ranked …

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27-year old lawyer Andi Dorfman, the star of The Bachelorette, the popular ABC reality show, chose 29-year old former baseball player Josh Murray to be her life partner over Nick Viall in the popular dating game finale. The episode was filmed in Punta Cana. http://abc.go.com/shows/the-bachelorette

President Danilo Medina visited San Pedro de Macoris yesterday, Monday 28 July 2014 for the inauguration of the first breakfast cereal (called locally ‘cornflakes’) factory in the Dominican Republic. The new business, known as El Rey or The King, belongs to the Cesar Iglesias Group that already employs 1,600 Dominicans. Company president Miguel Feris Iglesias …

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The role of mining to the Dominican economy has grown from 0.48% in 2010 to 14.82% of total exports, according to economist Luis Vargas in a paper presented at the first national seminar on the electricity system, renewable energy and metallic mining. The seminar was sponsored by the science and engineering schools at the INTEC …

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As of 24 July 2014, official statistics indicate that home loan average for the first half of the year is now at 10.17%. In 2013, the average for home loans was 11.85%. The lower cost of mortgages is attributed to monetary policies adopted by the Central Bank to ease on bank reserves. http://www.listin.com.do/economia-and-negocios/2014/7/28/331473/Tasa-de-interes-promedia-1017

The Medina administration has successfully met its budgeted totals, but a report in El Caribe warns that key taxation areas show there are problems. For the first five months of the year taxation reached RD$175 billion for a 102.3% budget compliance. But the main tax on sales (ITBIS), that should contribute 25% of all taxation …

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Diario Libre reports that the 2014 National Budget authorized the government to take on loans for specific projects for US$3.37 billion and EUR7 million. These loans were to be made with international commercial banking for terms of a minimum of seven years and market interest rate. Diario Libre reports that the total approved in the …

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The EdeNorte distribution company says that a series of breakdowns affected the system at the Puerto Plata substation on Saturday afternoon, 26 July as well as the Puerto Plata I-San Marcos line and the Puerto Plata I-Playa Dorada line on Saturday afternoon and Sunday night, 27 July 2014. The company said that that was the …

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Yesterday, Monday 28 July 2014, Attorney General Francisco Dominguez Brito attended the destruction of more than 2,000 illegal firearms of various types and calibers that had been confiscated around the country. The event was also witnessed by the Minister of Interior Jose Ramon Fadul, National District Mayor Roberto Salcedo, National Police chief Major General Manuel …

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