Dominican collectors pay half million for Mexican work of art

Diario Libre newspaper reports that two Dominican art collectors, Isaac Lif and Manuel Pimentel, purchased “Madre Feliz”, a painting done in 1949 by Mexican Rufino Tamayo. They bid US$556,000 to win it at Christie’s auction house yesterday. This was the highest price paid at the Latin American sale yesterday. Manuel Pimentel is the owner of […]

Interest rates continue downward trend

Luis Molina Achecar, president of the BHD Bank, confirmed that interest rates are dropping. He said banks are paying 16-18% on deposit certificates and lending at around 24%. Molina commented that the large commercial account rates drop first, and then consumer rates. Andres Aybar, president of the Banco Mercantil, confirmed the trend in Hoy newspaper. […]

Focus should be on foreign investment that generates US$

Former Central Bank governor and member of the Monetary Board Hugo Guiliani told Hoy newspaper that the government needs to attract foreign investment that generates dollars not pesos. He said this would lessen the pressure on the balance of payments created when foreign companies send their profits back home. Hoy newspaper reports that foreign companies […]

AmCham wish list for the government

The American Chamber of Commerce urged the government to reduce the value-added tax (ITBIS), apply it to all products and services, increase the income tax deductible, reduce the exchange reserve of banks, reduce the income tax percentage on business profits, and the exchange commission. Andres Aybar, president of the American Chamber of Commerce, spoke at […]

Tax evasion explained by DGII director

The Dominican Resistance Memorial Museum is exhibiting a selection of restored clothing sewn and worn by the Mirabal sisters who were slain in 1960 at the orders of Dominican dictator Rafael Leonidas Trujillo. The exhibition of the “The Mirabal Sisters Textile Collection” seeks to give people a closer, more human look at the heroines, who […]

Big expense allowance for aldermen

El Caribe newspaper reports that Dominican Municipal League employees making over RD$5,000 feel discriminated against by a 20% wage reduction. The reduction comes at a time when the same organization has ordered a considerable increase in the pay city aldermen received. The League alleged monetary difficulties when making the reduction. Nevertheless, the government almost doubled […]

Highway maintenance and sign posting agreement

The Dominican Resistance Memorial Museum is exhibiting a selection of restored clothing sewn and worn by the Mirabal sisters who were slain in 1960 at the orders of Dominican dictator Rafael Leonidas Trujillo. The exhibition of the “The Mirabal Sisters Textile Collection” seeks to give people a closer, more human look at the heroines, who […]

Judicial department to take Police and media to court

The Department for the Protection of Children, Teenagers and the Family has plans to charge the police agents responsible for delivering a video showing a minor incriminating himself to several TV channels, in violation of Law 24-94. A 14-year-old boy is shown implicating others in connection with the Navarrete disturbances in the interior. Police Chief […]