2006News

New health superintendent

President Leonel Fernandez has appointed Dr. Fernando Caamano as new Superintendent of Health and Dr. Ana Ilse Mena as new general manager of the Consejo Nacional de Securidad Social (CNSS), the social security council. The new officers replace Dr. Bernardo Defillo and Arismendi Diaz Santana, respectively. At the same time, the National Council of Social …
2006News

Money for the metro

The Executive Branch sent a bill to Congress on Thursday, 21 December aimed at transferring RD$6.6 billion from this year’s budget. The transfers will reduce the Education budget by $854 million, Public Health by RD$706.9 million, the Presidency by RD$2.3 billion, Finance by RD$1.37 billion and Agriculture by RD$150 million. Of these funds, the Presidency …
2006News

DR trade deficit grows

The Dominican Republic has a US$690 million trade deficit in spite of increasing its exports. The deficit has increased continually since 1970. In 2005 the Dominican Republic exported US$1.08 billion in traditional, non-traditional and mining exports. If only these exports were calculated, the trade deficit would be US$5.425 billion. However, the industrial free zones exported …
2006News

Free zones

In an interview with Hoy, Fernando Capellan, president of the largest Dominican free zone conglomerate, Grupo M, highlights the fact that the main obstacles to the wellbeing of Dominican apparel companies come from within. He says that the Chinese effect on Dominican exports is already past us, and that any competitiveness problems are internal. He …