2015News

Senate approves transformation of BNV to Bandex

In a second reading yesterday, Wednesday 29 April 2015, the Senate approved a legislative proposal to transform the National Housing Development and Production Bank (BNV) into a new entity called the National Export Bank (Bandex), as reported in El Nuevo Diario. The legislation proposes transforming the current BNV into an entity specialized in financing exporting …
2015News

High temperatures expected due to Sahara dust

Dust coming from the Sahara desert will keep the weather uncomfortably hot, with dry air flowing over the country. Temperatures will remain high, according to National Meteorological Office (Onamet) forecast. Conditions are compounded by the high-pressure system in the Caribbean that prevents the little humidity there is from rising and forming clouds that could bring …
2015News

Senators propose meeting between Danilo and Leonel

The possibility of resolving the internal crisis over differences over changing the 2010 Constitution to reinstate consecutive re-election affecting the ruling Dominican Liberation Party (PLD) could come from a meeting between President Danilo Medina and former President Leonel Fernandez. Fifteen PLD Senators who are opposed to the Political Committee decision in favor of preparing a …
2015News

Las Terrenas Mayor facing fraud charges

The Specialized Prosecutor for the Persecution of Administrative Corruption (PEPCA) has submitted a formal indictment and requested the opening of a trial against the Mayor of Las Terrenas, Jose Mercedes Martinez Emeterio. The defendants are accused of misappropriation of funds worth more than RD$20 million. Former treasurer Willis Alberto Vilorio Sarante and the mayor’s wife …