Valdez Albizu highlights the strength of the economy; Tourism will build the health system in Las Galeras; tariffs would be eliminated on 67 basic food items; cooperatives manage assets worth RD$225 billion in the Dominican Republic; X-ray technology in Haina detects a multi-million dollar television smuggling operation; the government subsidizes fuel with RD$1.354 billion; Ito Bisonó: the Dominican Republic is exploring the possibility of importing hydrocarbons from Argentina; a commission is created to regularize land titles and grant them to farmers; suddenly, at least 30,000 Supérate cards were cloned; Russians attack towns on the Polish border; refugees tell harrowing stories of fleeing Ukraine; gasoline reaches a record $4.43 per gallon in the US; the US promises consequences for the death of one of its journalists in Ukraine; more than 800 Russians protesting the conflict are arrested; the US warns that NATO will respond if attacked.
ValdezAlbizu highlights the strength of the economy
Central Bank Governor Héctor Valdez Albizu, speaking at the 294th Ordinary Meeting of the Central American Monetary Council (CMCA), highlighted the country's strong macroeconomic fundamentals and indicated that these should contribute to the economy's resilience and the adoption of measures to best accommodate adverse shocks. He explained to the Central American central banks that the Dominican economy recovered faster than anticipated, achieving year-on-year growth of 12.3% by the end of 2021, equivalent to a 4.7% expansion compared to pre-pandemic real output levels.
Tourismwill build the healthcare system in Las Galeras
Tourism Minister David Collado yesterday broke ground on the sanitary sewer system for the tourist community of Las Galares, Samaná, Dominican Republic, with an investment of approximately 53 million pesos. The project, which covers 1.7 kilometers, includes the necessary components for the collection and transport of wastewater from the municipality.
They would eliminate tariffs on 67 products in the basic family food basket
The Executive Branch submitted a bill to the Chamber of Deputies seeking to eliminate customs tariffs for a period of six months on the import of 67 subheadings that include commonly consumed goods in the basic food basket. The initiative was submitted last Friday to the Speaker of the Chamber of Deputies, Alfredo Pacheco, by the Vice President of the Republic, Raquel Peña, who is serving as Acting President of the Executive Branch.
Cooperativesmanage assets worth RD$225 billion in the Dominican Republic
With nearly 60 years in the Dominican Republic's financial market and managing assets totaling RD$225 billion across 1,564 cooperatives nationwide, 17 cooperatives are at the same level as the 22 Savings and Loan Associations in the country. This was stated by Franco de los Santos, administrator of the Institute for Cooperative Development and Credit (IDECOOP), during his participation in EL DÍA Colloquia.
X-ray technology in Haina detects million-dollar television smuggling
One month after the powerful X-ray scanner was put into operation at the Río Haina Port, several attempts to smuggle goods have been detected, including a multi-million dollar shipment of televisions. The attempted smuggling of 482 high-value televisions was detected by the modern RAPISCAN Eagle P60-S model, manufactured in the United States, which was implemented on February 9th after being donated by HIT Puerto Río Haina to the General Directorate of Customs (DGA).
Government subsidizes fuels with RD$1,354 MM
The government incurred a cost of RD$1.354 billion last week, which was not passed on to consumers, by implementing the fuel subsidy scheme as part of a package of official measures to address rising prices for basic goods.
Despite this substantial subsidy, which only covered the price freeze for gasoline, diesel, and liquefied petroleum gas, the Ministry of Industry, Commerce, and MSMEs extended the subsidy to other fuels such as aviation fuel, kerosene, and fuel oil (in both its varieties). The fuels most affected by significant price increases are those used in aviation and electricity generation.
Ito Bisonó: Dominican Republic explores possibility of bringing hydrocarbons from Argentina
The Minister of Industry, Commerce, and MSMEs, Víctor (Ito) Bisonó, stated that the Dominican Republic is working to import hydrocarbons from Argentina through agreements. Argentina has very rich oil and grain reserves. Having accompanied President Luis Abinader to Argentina, he explained that the objective is to secure opportunities that will benefit the Dominican Republic's economy and help ensure price stability for basic goods in the face of external inflation.
Commission created to regularize land titles and grant titles to farmers
The Director General of the Dominican Agrarian Institute (IAD), agronomist Francisco Guillermo García, appointed a working commission to assess the main problems facing agrarian reform producers in the municipality of Ramón Santana, in this province. During a meeting with community leaders and representatives of farmers' associations, the IAD Director pledged to conduct a transparent land titling process for properties registered in the institution's name, in order to then grant definitive titles to the producers and facilitate the acquisition of land from the State Sugar Council for the creation of new settlements.
Suddenly, at least 30,000 Supérate cards were cloned
Tens of thousands of beneficiaries of the government's social aid program, Supérate, have not received their respective subsidies due to the impersonation or cloning of at least 30,000 cards in the southern region and the province of Santo Domingo during the month of February.
Russiansattack villages on the border with Poland
Russian missiles rained down on a Ukrainian military training base near the Polish border on Sunday, killing 35 people. The facility is a crucial center for cooperation between Ukraine and the NATO countries that support Kyiv against Moscow 's offensive . Russian forces launched more than 30 cruise missiles at the sprawling compound, located less than 25 kilometers (15 miles) from the border with NATO member Poland, while Kyiv reported that more than 2,000 civilians had been killed in one of its besieged cities. Russian forces targeted the Yavoriv military base, about 40 kilometers northwest of Lviv, a destination for thousands of internally displaced people, and about 20 kilometers from the border with NATO member Poland.
Refugees tell harrowing stories of fleeing Ukraine
Elena Yurchuk saw families with children blown to bits and the hospital where she worked reduced to rubble during the Russian invasion of Ukraine. “I don’t know if I have a home or not,” said the 44-year-old nurse from the northern Ukrainian city of Chernihiv. “Our city is under siege, and we barely escaped.” Yurchuk is now in the Romanian border town of Suceava, which has taken in thousands of refugees fleeing the war.
Gasoline reaches a record high of $4.43 per gallon in the US
The average price of regular gasoline in the United States jumped 79 cents in the last two weeks to a record $4.43 per gallon (3.8 liters) due to the impact of the Russian invasion of Ukraine. Trilby Lundberg, an analyst with the Lundberg Survey firm, said Sunday that the new price is 32 cents higher than the previous all-time high of $4.11 set in July 2008.
The US promises consequences for thedeath of one of its journalists in Ukraine.
The United States government vowed on Sunday to take "appropriate action" in response to the death of American journalist Brent Renaud , who, according to Kyiv police , was killed by Russian forces in the Ukrainian town of Irpin. In a televised interview with CBS, White House National Security Advisor Jake Sullivan called the incident "shocking and horrific" and said he was in contact with Ukrainian authorities to gather more information that would allow the U.S. government to take "appropriate action." "The Russians have fired on civilians, hospitals, places of worship, and journalists," Sullivan lamented.
More than 800 Russians arrested for protesting against the conflict
More than 800 people protesting against the Russian military operation in Ukraine on Sunday were arrested in various Russian cities, according to the NGO OVD-Info, which specializes in monitoring protests. AFP journalists witnessed several demonstrators being detained by military personnel in Moscow and St. Petersburg, the country's second-largest city. In Moscow, several dozen people defied the ban on demonstrations by gathering in a square near the Kremlin. At least 100 protesters and one journalist were taken into custody by police, according to an AFP reporter at the scene. "Peace in the world!" a woman chanted as she was forcibly led away by two officers.
The US warns that NATO will respond if attacked
The United States warned Sunday that it will respond if Russian extend beyond Ukraine and target any member of the alliance. President Joe Biden “has been clear repeatedly that the United States will work with our allies to defend every inch of NATO territory, and that means every single inch,” White House National Security Advisor Jake Sullivan told CBS News’ “Face the Nation.”
Sources: Listín Diario, Diario Libre, El Día, Hoy, El Caribe
