2014News

National Budget reshuffle

The chairman of the bi-cameral commission that is studying the proposed budget for 2015, Senator Tommy Galan, confirmed yesterday, Monday 3 November 2014 that some chapters are being reshuffled, but the RD$630.93 billion total will remain the same. The new budget will be formally presented to the Senate tomorrow, Wednesday, 5 November, he said. From …
2014News

JCE in crisis

The Central Electoral Board (JCE) says it is operating under financial constraints. This includes paying for telephone and electricity bills, and even toilet paper and soap. It appears that the JCE is waiting for funds that as yet have not been paid. On Saturday, 1 November 2014, the JCE said that it did not have …
2014News

BanReservas says 67% portfolio is private

Enrique Ramirez, the administrator of BanReservas, the government-owned commercial bank, says that 67% of its lending portfolio is privately held. Ramirez made the announcement on the progress that has been achieved in the process of improving the country’s largest bank’s competitiveness and quality of service yesterday, Monday 3 November 2014. Ramirez said that this year’s …
2014News

US$1,000 lunch with Leonel provokes controversy

Social media is full of comments criticizing the US$1,000 per person luncheon talk-interview that former President Leonel Fernandez is giving at the Embassy Suites Hotel on Av. Tiradentes in Santo Domingo tomorrow, Wednesday, 5 November 2014. Acento.com.do reports that a group of young people is organizing a protest against the former President. The talk-interview is …