2015 – Page 11

The sale of Aerodom shares by Advent International to Vinci Airports will not affect the US$550 million bond issue carried out by Aerodom, the concessionaire of six airports in the Dominican Republic. Close to US$400 million was placed in the financial markets. Superintendent of Securities, Gabriel Castro said that the sale of shares would not …

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Thirty-four years ago, in 1980, the average life expectancy for a person born in the Dominican Republic was 63 years. By 2014 this had increased to 73.5 years, meaning that life expectancy has grown by 10.5 years over these 34 years. The increase is shown in a chronological series worked out within the framework of …

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After an 11-hour hearing and three hours of deliberations, judge Ramon Horacio Gonzalez ordered three months preventive custody for suspended judge Awilda Reyes Beltre and resigning Judicial Branch Council (CPJ) judge Francisco Arias Valera. The instruction judge of the Penal Hall of the Court of Appeals of the National District decided that there was enough …

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In yesterday evening’s action, Wednesday 16 December 2015, the Aguilas Cibaenas maintained their very slim hopes for classification into the Round Robin section of this year’s Dominican Winter League Baseball Championship by defeating the Estrellas Orientales in San Pedro de Macoris by a score of 4 to 3. For the Aguilas to qualify, they would …

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The mayor of Santo Domingo East, 45-year old Juan Concepcion de los Santos Gomez, was shot dead at his offices of the Municipal Federation (FEDOMU) of which he was president. The murder occurred at 12:45pm yesterday, Tuesday 15 December 2015. On 6 December 2015, the ruling PLD had selected De los Santos to run for …

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President Danilo Medina has ordered flags around the country to be flown at half-mast in memory of the late mayor of Santo Domingo East, Juan de los Santos, who was shot to death by a debtor at his office at the Federation of Dominican Municipalities (Fedomu) yesterday, Tuesday, 15 December 2015. According to the Government …

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Jeannette Medina, deputy mayor of Santo Domingo East, will serve as mayor of Santo Domingo East following the murder of mayor Juan de los Santos yesterday, Tuesday 15 December 2015. The City Council needs to confirm her in the post within 72 hours. She was elected deputy mayor in the 2010 election and will hold …

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The Tax Office (DGII) and the Metropolitan Transport Authority (AMET) are reminding vehicle owners that they have only 25 days left to renew their tax stickers known as “marbetes.” The online renewal process closes on 21 December and at renewal points nationwide at 8 January 2016. To date, only 457,724 marbetes have been renewed, or …

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The World Bank’s International Bank for Reconstruction and Development (IBRD) has approved a US$120 million loan to be used to modernize the power distribution grid and reduce power losses while increasing revenue collections in circuits rehabilitated under the project. The loan is for 20 years with a four-year grace period. The project seeks to help …

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The Inter-American Development Bank’s Multilateral Investment Fund (known in Spanish as Fomin) will be donating US$850,000 of a US$1.8 million fund to small and micro-businesses in the Colonial City. The funding will contribute to the development of businesses in the remodeled Colonial City of Santo Domingo. The IDB has funded a US$31 million remodeling project …

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