Superintendency of Banks invites entities to participate in Bancamérica's second tender; bank customers showed better payment behavior in the first quarter; the Dominican Republic "must prepare for a prolonged price escalation," warns the FAO; lower-income households experienced higher inflation last month in the Dominican Republic; the IMF is committed to responding to crises without abandoning medium-term plans; Hernández goes from power in Honduras to US Justice for drug trafficking; Elon Musk will invest $21 billion of his personal fortune to buy Twitter; the same "consulate slush fund" also operated at the Central Electoral Board and was thus eliminated; a piece of art by Iván Tovar was allegedly stolen between Holy Tuesday and Wednesday; President Luis Abinader will lead the opening ceremony of the Book Fair; rain will continue in the next 36 hours in several provinces; vehicles impounded at the Canódromo will be released
Superintendency of Banks invites entities to participate in Bancamérica's second tender
The Superintendency of Banks invited financial intermediation companies and the general public to participate in the second bidding process for the sale of assets of Banco Múltiple de Las Américas (Bancamérica), an entity that is in the process of dissolution.
customersshowed better payment behavior in the first quarter
The Dominican Republic's Multiple Banking Association (ABA) reported yesterday that during the first quarter of this year there was a "clear improvement" in the delinquency rate of multiple banks, which stood at less than 1% at the end of March, which it considers an "indicator of the good behavior of the sector's users in relation to their credit obligations.".
The FAO warns that the Dominican Republic "must prepare for a prolonged price escalation."
The Food and Agriculture Organization of the United Nations (FAO) warns that the Dominican Republic should prepare for a prolonged rise in food prices due to its dependence on imports of certain foods.
Lower-income households experienced higher inflation last month in the Dominican Republic
Households with lower incomes experienced the highest inflation last March, according to data published by the Central Bank, which attributes it to price increases in food, fuel, land transport and personal care services, and meals prepared outside the home.
FMIis committed to responding to crises without abandoning medium-term plans
The International Monetary Fund (IMF) urged countries on Thursday to respond to the multiple crises unfolding, from the effects of the war in Ukraine to runaway inflation, without abandoning the goals of medium- and long-term fiscal sustainability.
Hernández, from power in Honduras to US Justice for drug trafficking
Former Honduran President Juan Orlando Hernández (2014-2022), who as president insisted that "no one is above the law," now faces justice in the United States, accused of drug trafficking, after twelve years in power in Honduras, four as head of Parliament and eight as president. Hernández was taken to the U.S. on Thursday, where he faces three charges related to drug trafficking and weapons use, after being arrested at his residence in Tegucigalpa on February 15, following the end of his term on January 27.
ElonMusk will invest $21 billion of his personal fortune to buy Twitter
Tesla CEO Elon Musk said in a filing with the U.S. Securities and Exchange Commission (SEC) on Thursday that he is considering approaching Twitter shareholders directly to buy the social network and that he had secured nearly $46.5 billion to finance the transaction.
The same "consulates' little barrel" system also operated within the JCE, and in this way it was eliminated
The Civil Registry Offices of the Central Electoral Board operated under a system similar to that currently used by Dominican consulates, with significant discretionary power that ultimately benefited those who ran these entities. This meant that the Civil Registry Officer set the fees charged for Civil Registry services, including the cost of documents such as birth and marriage certificates, and determined the fees charged by the Civil Registry Officer for officiating marriages both within and outside the office.
A piece of art by Iván Tovar was allegedly stolen between Holy Tuesday and Holy Wednesday
The National Police, through its Department of Investigations of Crimes and Offenses Against Property, is investigating the theft of a sketch by the late Dominican painter Iván Tovar. The sketch, titled "Pencil on Paper," was displayed alongside other similar pieces in one of the rooms of the Museum of the Royal Houses. According to initial inquiries by the National Police, the piece was stolen between Tuesday afternoon and the early hours of Wednesday during Holy Week. Investigators are trying to determine if any of the possible entrances to the Museum of the Royal Houses, located on Las Damas Street in the Colonial City, were forced open.
President Luis Abinader will lead the opening ceremony of the Book Fair
President Luis Abinader will lead the opening ceremony of the 24th Santo Domingo International Book Fair 2022 (FILSD) this Friday, April 22, at the Ozama Fortress Museum, located in the Colonial City.
Rain will continue in several provinces over the next 36 hours
The rains continue to wreak havoc on important drinking water supply systems in the country, with 33 aqueducts currently out of service. This was reported by the Emergency Operations Center (COE), which explained that the damage to the aqueducts has left 308,763 people without water service in their homes. Given this situation, the National Meteorological Office (Onamet) reported that weather conditions over the Dominican Republic, so far, show no significant changes due to the influence of a trough that has remained over the country, leaving significant rainfall accumulations. Onamet explained that the trough will maintain humidity and instability for the next 36 hours.
The vehicles held at the dog track will be released
The executive director of the National Institute of Transit and Land Transportation (Intrant), Rafael Arias, reported yesterday the formation of a commission whose purpose is to develop a protocol for the delivery of the vehicles held at the facilities of the old Canódromo El Coco.
