2016 – Page 161

The Governor of the Central Bank is promising that there will not be an increase in the fiscal deficit in 2016, despite this being an electoral year. Political patronage has hit new records in past election years at the cost of taxpayers. Governor Hector Valdez says that the fiscal deficit should remain at 2.3% of …

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Minister of Sports Jaime David Fernandez has complained that the judiciary has been slow to act in response to the invasion of the La Barranquita sports grounds in Santiago. He said that two years ago, his department presented a detailed report on the irregular takeover of property on the former site of the Central American …

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The BHD Leon Bank and the International Finance Corporation (IFC), a member of the World Bank Group, have signed an agreement to channel financing of RD$2.15 billion (approximately US$48 million) to small and medium-sized businesses in the Dominican Republic. Loans of RD$500,000 and more will be available on seven-year terms. The program is aligned with …

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The Pension Plans Superintendence (SIPEN) has approved the operation of the AFP Atlantico, S.A. and the AFP JMMB BDI, S.A. for the management of pension plans. AFP JMMB is a subsidiary of a Jamaican finance company that is known in the Dominican Republic for its money market brokerage operations since 2006. The Dominican Pension Plan …

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The largest milk processing plant in the Dominican Republic, Leche Rica celebrated its 50th anniversary with a service at the Santo Domingo Cathedral yesterday, Thursday 14 January 2016. The mass was officiated by Monsignor Amancio Escapa.

Former Vice President Milagros Ortiz Bosch, speaking for the PRM, has announced that legislator David Collado will be the party’s candidate for mayor in the National District. He will be running against incumbent mayor Roberto Salcedo who is running for the ruling PLD. Former PRD mayor Rafael Subervi was seeking to be the PRM candidate. …

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Bravo supermarkets is advertising 25% off all its plastic containers, Plaza Lama department store has 40% off toys, sports equipment and light bulbs (Tecnomaster, Balmoral), Sambil mall has a corridor sale, Aliss at Sambil and Colinas Mall is advertising super sales, Ikea has dropped prices on many products, as has Zara Home at Agora Mall, …

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The Ministry of Culture has presented the National Grand Visual Arts Award to painter Jose Cestero for his prolific career in the arts. Born in Santo Domingo in 1937, he graduated from the Escuela Nacional de Bellas Artes.

The Estrellas Orientales defeated the previously invincible Tigres del Licey yesterday evening, Thursday 14 January 2016 as they struggled to be the team to match the Tigres in the playoffs. This was the Estrellas’ first victory against Licey in the 18-game round robin semi-finals. The Estrellas are now led by Audo Vicente, the manager who …

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Follow the action of the 14th Carib Wind Laser Regatta from Cabarete Beach. Sailors from 12 countries are competing on 30 laser sailing boats against waves and wind for the championship title from 15 to 17 January 2016. Minister of Defense, Major General Maximo William Munoz, Irina Perez, president of the Dominican Sailing Federation and …

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