2014 – Page 268

Do not miss the III Carnival 2014 Arts and Crafts Fair at the Columbus Park in Santo Domingo’s Colonial City. The fair is open from 9am to 10pm through Sunday 23 February. All sorts of crafts with carnival and folk themes will be sold. The fair features the work of 35 artisans from provinces across …

Read more…

Wave action returns to Cabarete this year as some of the best surfers, kite surfers, windsurfers and stand-up paddle surfing athletes compete in the annual Master of the Ocean event, which starts this weekend. The wind conditions in Cabarete allow for each competitor to have their own separate area on the beach for the competitions. …

Read more…

Casa de Campo’s traditional Carnival celebration is scheduled for Saturday, 22 February at the Marina de Casa de Campo at 4pm. This event complements the traditional Sunday afternoon carnival celebrations in La Vega, Bonao, Santiago and Puerto Plata. Area restaurants are advertising US$32 dinner packages for the event. For more on upcoming events, see www.dr1.com/calendar

Minister of Labor Maritza Hernandez has told Listin Diario reporters that the severance pay package is not part of the discussions underway aimed at revising the country’s Labor Code. She said that any reform of the code must be made by consensus and “any law must improve, not go backwards.” Nonetheless she also stressed the …

Read more…

The director of the Dominican Telecommunications Institute (Indotel) Gedeon Santos says that the country needs new fiber optic connections. He commented that only 22% of Dominican families have computers. Speaking during a wreath laying ceremony at the Altar de la Patria in Parque Independencia in Santo Domingo yesterday Wednesday 19 February, Santos added that only …

Read more…

Tax Department (DGII) director Guarocuya Felix is advocating for a series of talks towards a tax pact. Felix believes there is room for an increase in taxation. Speaking yesterday, Wednesday 19 February, he mentioned that the Dominican Republic is one of the countries with the lightest tax burden, due to the fact that its structure …

Read more…

Banana producers in the northwest of the country have good prospects for 2014. Production is stable, the internal and foreign markets are growing and the prices are going up. The government is backing producers with RD$400 million in low-cost financing from the Banco de Reservas as part of a banana sector support project sponsored by …

Read more…

Eleven cosmetic companies have received a quality seal as part of a program funded by the National Competitiveness Council and the Inter-American Development Bank (IDB) aimed at helping beauty industry companies reach export quality level. The program was organized through the Dominican Republic Industries Association (AIRD). The exporters are looking into markets in the United …

Read more…

Under the new administration of Enrique Ramirez Paniagua, the government commercial bank has reduced the share of government loans of its portfolio to 40.8% of the total loans. BanReservas loans to the private sector reached RD$116 billion (59.2%), while the government has loans for RD$79.9 billion. Last year was a record year for the state …

Read more…

In a session yesterday, Wednesday 19 February, the Autonomous University of Santo Domingo (UASD) Council gave the go-ahead for the Chamber of Accounts to audit the university at the request of outgoing rector Mateo Aquino Febrillet. The resolution says that for the audit, they are sending the official agency the financial balance sheets and the …

Read more…