2017 – Page 195

According to fixed income investors, the Dominican Republic is expected to return to the cross-border bond market again this year to begin to meet its 2018 funding needs. Investors state that the sovereign’s debt is in high demand due to the Dominican Republic’s projected high levels of economic growth and its lowering current account deficit. …

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The Central Bank of the Dominican Republic has announced that the economy increased its Gross Domestic Product (GDP) by 5.2% during the period January to March 2017, which is consistent with the macro economic projections made by the Central Bank and international organizations. In releasing its Preliminary Economic 2017 First Quarterly Report, the Central Bank …

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Roberto Henríquez, president of the Santo Domingo Hotels Association, said that the Hard Rock Hotel Santo Domingo could still be built in the Polígono Central. Speaking at the DATE 2017 conference in Punta Cana, Henríquez said the project fell through because the promoters did not meet the zoning regulations that exist and existed at the …

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The Emergency Operations’ Center (COE) has increased the number of provinces under alert for the rains to 18, with three on yellow alert and 15 in green. The COE reports that rain will continue throughout a large portion of the country due to a front moving in from Cuba. Those on yellow alert are the …

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On Sunday afternoon, 7 May 2017, unknown persons killed the administrator of a farm owned by former Major League baseball player, Pedro Martinez in the community of Mata Naranjo, in Hatillo. The victim, who was beaten to death, was identified as 33-year old Eleno de los Santos de los Santos, and according to the medical …

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The National Drug Control Agency (DNCD) and the prosecutor’s office in El Seibo named the Colombian, Venezuelan and three Dominicans being held in connection with a discovery of 1,104 kilos of pure cocaine over the weekend. Prosecutor Kenia Romero said that those arrested were Colombian Jaime Alberto Barrinca Sánchez, Venezuelan Mario Hernández and Dominicans Sergio …

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Migration Department (DGM) inspectors have arrested Italian businessman Armando Cascati, when he was trying to leave the country by way of the Puerto Plata International Airport, General Gregorio Luperón, in Puerto Plata. The reasons for his arrest are unknown. Cascati has investments in the country of over US$50 million in Sosua and Montecristi. His family …

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Juan Comprés (Guanchy), a local social activist in Moca, was released from all accusations after a Moca judge, Anderson Joel Cuevas, determined his rights had been violated. Comprés was accused of possession of 52 grams of cocaine. However, his defense team maintained that the drugs were planted on him either during or after his arrest. …

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Investigative journalist Alicia Ortega aired on “El Informe de Alicia Ortega” on Channel 9 on 8 May 2017 results of an extensive nine-month investigation into undeclared business dealings by the head of the Metro Office (Opret) in the Dominican Republic, engineer Diandino Peña. The investigations began following the trail of the Panama Papers/ Mossack Fonseca …

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The Unión Empresarial Dominicana swore in its new regional board for the Cibao-Central region and new members and called for an end to the truckers’ cartel that affects the cost of construction in the country. The president of the truckers union, Fenatrado is awaiting trial, accused of the murder of the former UASD rector Mateo …

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