2015 – Page 287

Micro-businesses in the Dominican Republic employ 1.6 million people, creating 11 times as many jobs than industrial free zones, says the Small Business Observatory, an initiative of the office of promotion of small business at the Ministry of Industry and Commerce. Figures from the Observatory and the National Statistics Office (ONE) show that as of …

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Bread, one of the basic products in the Dominican food basket and one of the staples in highest demand makes front-page headlines every time price increases are announced or applied. This time, the Union of Medium and Small Flour Industries (UMPIH) is again placing the issue on the public agenda. In an assembly announced for …

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The dismissal of the security corps member who escorted Quirino Ernesto Paulino Castillo after his surprise return to the country on Saturday, 28 February 2015 suggests that the authorities were not informed that the convicted drug dealer would be arriving that day. Yesterday, Wednesday 4 March 2015, the director of the Specialized Corps of Airport …

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The Superintendence of Banks has released 13 names it says should be added to the list of defendants in the Banco Peravia case. The individuals concerned allegedly granted 1,292 fraudulent loans for RD$1.4 billion. Luis Armando Asuncion said that those resources are equivalent to 75.3% of the bank’s total loan portfolio, which on the date …

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The Nautical Research and Recovery company (NRR) has informed the Dominican authorities that it is willing to invest RD$700 million in order to salvage the anchor of one of Christopher Columbus’s ships, which it says is in Dominican Republic territorial waters. The company’s proposal is outlined in a project that was sent to the Ministry …

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Melia Hotels International of Spain and the Popular Group of the Dominican Republic will issue corporate bonds for the hotel sector. This is the first initiative of this kind in the Dominican Republic. The emission will be structured and distributed by Popular Investments, the stock exchange seat of the Popular Group. The amount of this …

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To mark the celebration of International Women’s Day this Sunday, 8 March 2015, DGCine is presenting a selection of movies with women in the starring roles. The films will be shown at the Cinemateca Dominicana behind the Museum of History & Geography in Santo Domingo’s Plaza de la Cultura. Films will be screened from today …

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President Danilo Medina’s spokesman Roberto Rodriguez Marchena says that the President’s health is fine. He told reporters that the President, who has been suffering from dermatitis, traveled to Florida for a skin biopsy. He said the equipment used was not portable. Rodriguez was responding to press complaints that information on where the President was being …

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The Ministry of Foreign Relations ordered the temporary closing of Dominican consulates in Haiti today, 4 March 2015, as reported in Diario Libre. The government of Haiti was notified that the measure was taken after the recurring aggressions to the missions in recent days on behalf of Haitian groups that have been putting at risk …

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The Minister of Energy and Mines Pelegrin Castillo is backing the construction of a new oil refinery with increased capacity. The National Petroleum Refinery owned in a Dominican and Venezuelan PDVSA partnership is under expansion with more than US$29 million reportedly being invested. Minister Castillo says the new refinery would create quality jobs and would …

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