2016 – Page 114

President Danilo Medina has sent the amendments to the Ley del Mercado de Valores, the Securities Market Law, to the Senate. The proposed changes include new supervision measures that are required to guarantee juridical security to investments and reduce risks. The National Council of Securities initially approved the bill on 15 June 2015 followed by …

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The National Statistics Office (ONE) says that 56% of micro businesses in the Dominican Republic operating from a fixed address are owned by women. This compares to 78% of mobile small businesses that are owned by men. Likewise, 90% of farm sector and 100% of mining and fishing small businesses are owned by men. The …

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Australian business process outsourcing company Acquire BPO has expanded into the Dominican Republic with the launch of a delivery center in Santo Domingo. The new site is located on the 19th floor of the Acropolis Tower, which also houses two embassies and several global companies, including Citibank, P&G and Scotiabank. It is not known how …

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Attorney General Francisco Dominguez Brito has called for pre-trial custody for Christopher Naudin, the Frenchman who was extradited on suspicion of coordinating the escape of the two convicted French pilots from the Dominican Republic. Dominguez Brito argues there is a serious flight risk. He said that the French pilots who escaped had been granted house …

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Yesterday, Tuesday, 8 March 2016, a Brazilian judge sentenced Marcelo Odebrecht, the former chief executive officer of the biggest construction company in South America, to 19 years in prison for his involvement in a corruption scandal centered on Brazil’s state oil company, Petrobras. Odebrecht was convicted of money laundering, corruption and organized crime. Prosecutors claimed …

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Two men carried out an armed robbery yesterday, Tuesday 8 March 2016 in a branch of Banco de Ahorro y Credito (Adompem) in the southern city of San Cristobal. According to the bank, the robbers stole RD$800,000 in cash. The armed men held up the staff before making a getaway on a motorcycle. The bank …

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The lawyer representing 53-year old Christophe Naudin, accused of coordinating the escape of two French pilots Pascal Fauret and Bruno Odos convicted to 20 years in jail for drug trafficking in the so-called Air Cocaine case, has delayed for a second time the hearing for imposition of pre-trial custody against him. The case will now …

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A Dominican music student, Gabriela Gomez Estevez, has been chosen to conduct the Harry Potter Music Concert at Berklee Performance Center in Boston, at 8pm tomorrow Thursday, 10 March 2016. The auditorium has capacity for 1,200 people and the concert is already sold out. She will conduct the university’s Harry Potter Soundtrack Orchestra, a student …

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Theater director Giovanny Cruz has announced the March drama festival, “Marzo Teatral” will open tomorrow, Thursday 10 March 2016 continuing through 20 March at the Palacio de Bellas Artes in Santo Domingo. The plays have the backing of the Ministry of Culture. The event opens with a performance of “Duendes y locos de las dunas,” …

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Excitement is mounting as the date approaches for the celebration of the Xterra Dominican Republic 2016 Triathlon. The Trail Run competitions are scheduled for Samana (12 March 2016), Puerto Plata (21 May 2016) and Barahona (30 July 2016). There also will be off Road Tri in Samana (13 March), Puerto Plata (22 May) and Barahona …

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