2014 – Page 31

The Superintendence of Banks has announced the dissolution of the Banco Peravia de Ahorro y Credito SA. Diario Libre reports that the bank started operations as Banco Peravia in August 1987. The Superintendence of Banks instructed account and financial certificate holders to visit the bank as of 25 November 2014 to validate them. As reported …

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National Police Chief Major General Manuel Castro Castillo has announced that extra measures are being taken to ensure public safety during the Christmas holidays. “Quiet Christmas 2014” is the name of the operation that begins on 3 December to prevent traffic accidents and crime. Major General Castro says they are working in close coordination with …

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Cold Seawater Air Conditioning would work off the coast from Puerto Plata, according to a new studied funded by the French Development Agency. SWAC systems are already working in Honolulu, Aruba and Curacao. The new technology makes use of available deep seawater to replace energy-intensive central refrigeration systems that cool chilled water to provide air …

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Diario Libre reports today, Monday 24 November 2014, that the Ministry of Environment provincial department in Pedernales awarded a permit for farming of 200 tareas that fell within the limits of the National Jaragua Park in an area known to be inhabited by the Hispaniolan solenodon and other key species. After an initial investigation, the …

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The 911 Emergency System is swiftly earning a reputation for good and professional service. Now Minister of the Presidency Gustavo Montalvo has announced it will also help in cases of excessive noise. Santo Domingo residents will be able to call in with noise-related complaints as of 15 January 2015. According to Montalvo, the measure is …

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In an op-ed piece in Diario Libre today, Friday 21 November 2014, former Central Bank general manager, economist Pedro Silverio Alvarez comments that when the International Monetary Fund “in its politically correct language” urges the government to “improve its fiscal consolidation” or increase taxes to reduce the deficit so it does not have to reduce …

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The recent Central Bank poll on economic and financial culture in the Dominican Republic reveals that women are the main decision-makers when it comes to finances in 54% of households. A total of 2,313 households were visited in August 2014 for the First Survey of the Dominican Republic’s Economic and Financial Culture 2014. The poll …

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Venezuelan Foreign Minister Rafael Ramirez has allayed concerns that the economic problems in his country would bring an end to the Venezuelan-backed PetroCaribe oil deal of which the Dominican Republic is a leading beneficiary. He made the comments speaking during the 14th Meeting of the Council of Energy Ministers of Organization of the Petroleum Exporting …

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Nobel Peace Laureate Archbishop Desmond Tutu and Hollywood actress Angelina Jolie are backing an ambitious global campaign announced on Tuesday, 18 November 2014 to call for an end the plight of at least 10 million stateless people with no country to call home. The campaign is funded by the UN Refugee Agency. UNHCR argues there …

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