2014 – Page 40

More than 200 cyclists are registered to compete in the 15th Master Championship of Triple 100 Cycling from 14-16 November. The cyclists from 15 countries will cover 300 km, said engineer Rafael Tejada from the organizing committee. Participants will compete in 30-39, 40-49 and 50+ age categories. The competition is divided into three 100km stretches. …

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The Senate passed the RD$630.94 billion National Budget in two readings for its approval yesterday, Wednesday 5 November 2014. Senator Tommy Galan (San Cristobal-PLD), chairman of the bicameral commission that reviewed the budget, presented the bill with 22 of 32 senators present. An addendum was included with RD$400 million in re-allocations that will go to …

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The Tax Agency (DGII) announced yesterday Wednesday 5 November 2014 that it has collected nearly RD$170 million so far in the renewal of vehicular registrations, known in Spanish as the “marbete”. The road use permit stickers must be placed on the vehicle’s windshield. The stickers can be obtained at 395 renewal points around the country, …

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The Superintendence of Banks and representatives of the International Monetary Fund (IMF) met earlier this week to review the performance of the Dominican financial system during the current year. At the end of the meeting, the Superintendent of Banks, Luis Armando Asuncion Alvarez, reported that the IMF mission members said they were satisfied by the …

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With a warning from labor sector representatives that they will not settle for any proposal that reduces benefits for workers, the Tripartite Dialogue for the reform and modernization of the Labor Code began again yesterday, Wednesday 5 November 2014. CNUS union leader Rafael (Pepe) Abreu noted that they are in agreement with the need to …

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On Wednesday, 5 November 2014 the Senate approved a legislative proposal for the Organic Law that will govern the National Police and sets six and seven-year limits on the time a police agent can remain in a post. In the case of generals, the time limit is 10 years with the exception of generals who …

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El Dinero financial newspaper reports on a new trend in several companies where women executives are making more than men. A statistical report by the Social Security Treasury (TSS) states that the average wage in the social security registries is higher for women than for men. The average monthly wage in the formal sector for …

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The Attorney General of the Republic has challenged the Supreme Court of Justice (SCJ) judge of Special Instruction, Frank Soto Sanchez, who is hearing a request to unblock a series of assets confiscated from the Inmobiliaria Rofi SRL company, whose main shareholder is Senator Felix Bautista. The challenge originated when the magistrate suspended the hearing …

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