AUGUST 2010
The XIV Latin American Free Zones Conference in Punta Cana
From the 27th to the 29th of October, 2010
BREAKING NEWS: Punta Cana.- The Dominican Republic will host the XIV Latin American Conference on Free Zone, an activity which will take place from October 27th through the 29th in Punta Cana
The conference will provide a platform to present and discuss the latest industry information on free zones, particularly on the challenges ahead and perspectives on the global changes that are being developed in the process of globalization and the opening of markets
, according to a press release.
The hosts of the conference will be the Minister of Industry and Trade, José Ramón Fadul, the director of the National Council for free zones, Luisa Fernandez and Customs director Rafael Camilo.
The event will bring together leading representatives of the countries of Latin America, as well as entrepreneurs interested in making investments and conducting business.
Punta Cana Live, 19.08.10
Coral highway project continues to advance
BNP Paribas Bank lends US $54 million to finance construction
BREAKING NEWS: Punta Cana.- The Executive branch submitted to the Senate yesterday a proposal for a loan of US $54 million to be made by the BNP Paribas Bank, New York branch, to finance the construction of The Coral highway road project.
The Dominican head of state says that this work is a priority for tourism development, especially, he adds, for the Eastern region. He notes that this destination is one of the most important and has the best potential for sustained growth for the national economy, because of the substantial investment volume it attracts.
The Project
The project involves the construction of the section that will connect La Romana and Punta Cana, including the ring road to the Cap Cana airport in Punta Cana.
The highway will consist of four lanes, toll stations and other buildings. The $ 54 million will be paid with interest determined by the Libor rate plus a margin of 4.75 percent.
It also will pay a structuring fee amounting to US $675,000, equivalent to 1.25 percent of the amount of the loan agreement.
The $54 million dollar loan will be disbursed no later than 10 days after the date of approval by the National Congress and its promulgation and publication in the Official Gazette.
Punta Cana Live, 23.08.10
Gol Airlines will increase flights from Argentina to Punta Cana
To meet increased demand
BREAKING NEWS: Punta Cana.- Responding to the success of their connections to the Caribbean, Gol Airlines will increase its scheduled services from Argentina to Oranjestad, Aruba, and the popular tourist region of Punta Cana
The results of our flights to the Caribbean are in line with company expectations. The demand of Brazilian and South American tourists who travel to Aruba and Punta Cana has been great and the response to our product has been very positive
, stated Claudia Pagnano, Gol’s vice president of marketing.
The Brazilian airline will travel the route, with stops in Caracas, with flights of Varig, which recently began operating a regular service to Bridgetown (Barbados) and opened a charter to St. Maarten.
The second largest airline in Brazil began running flights between Buenos Aires and the central Cuban city of Santa Clara. Gol flights depart from Buenos Aires and make connections at the airport in Guarulhos, Sao Paulo, from where travelers can take flights on Varig.
These new operations will offer greater flexibility when traveling to these destinations, the company said, and explained that customers can go from Brazil to Aruba on Thursdays and Sundays, or, Tuesdays and Saturdays to Punta Cana.
Punta Cana Live, 24.08.10
Preparing for the Commercial Tourism Convention Bavaro - Punta Cana 2010
From September 29th through October 3rd
BREAKING NEWS: Punta Cana.- The Dominican Republic is a world class tourist destination for both foreign and local tourists and investors, especially the Bavaro - Punta Cana region. In order to promote and market the tourism trade of one of the most important tourist destinations of the country, The Second Edition of the Commercial Tourism Convention BAVARO - PUNTA CANA 2010
will take place from September 29th to October 3rd.
The convention is an excellent stage for the marketing of products and services for the commercial sector, hotels and the general public. This exhibition aims to create a professional environment for business contacts between suppliers and buyers, as well as promoting and positioning their brands in this important tourist destination.
Expected to be in attendance are representatives from hotel chains, airlines, tourist agencies, tourist associations, and real estate project developers, among others services.
President, Luis Felipe Aquino, said the event will include specialized areas in which industry professionals will be able to establish business and commercial contacts, promote public relations and image projections. There will also be a trade show.
This event will be held in Plaza Velero, which is the strategic commercial center of the area.
The event was promoted directly to the purchasing managers and general managers of hotels, restaurants, tourist service companies, builders and promoters of tourism and residential projects, engineers, architects, decorators, institutional users and the general public: in addition to a wide advertising campaign in all media (television, radio, print, billboards, banners, posters, mail marketing, magazines, etc.).
Punta Cana Live, 25.08.10
Hawksbill turtles return to the beaches of Punta Cana
Four nests are monitored by biologists from the Punta Cana Ecological Foundation
BREAKING NEWS: Punta Cana.- Hawksbill turtles, an endangered species, have returned to the beaches of Punta Cana Resort & Club to lay their eggs. Executives from the complex, have stressed that this target has not been selected randomly by the hawksbill turtles, but it is because they return to the same beach where they were hatched to build their nests during their adulthood some 25 years later.
At present there are four hawksbill nests on the beaches in Punta Cana, with about 200 eggs each. The nests are monitored by a group of biologists from the Punta Cana Ecological Foundation.
The hawksbill turtle is an endangered species because their meat is considered a delicacy, and their shells are used to make decorative pieces and accessories.
Punta Cana Live, 27.08.10
Eastern zone on red alert for Hurricane Earl
Onamet issues an abnormal wind and wave warning
BREAKING NEWS: Punta Cana.- The Dominican authorities yesterday issued a red alert for the eastern and northern coasts of the country, regions where Hurricane Earl
will have an impact early this morning as it passes through the Caribbean.
The National Meteorological Office (Onamet) and the Dominican Civil Aviation Institute said last night that the radar in Puerto Rico and Punta Cana detected rain bands on the Mona Canal and the eastern part of the Dominican territory, and will continue in the early morning on the Northeast, the north coast and some parts of the Cibao valley.
The Onamet said Earl, a category four hurricane, could reach category five as it passes through favorable weather conditions.
The National Hurricane Center (NHC) in the U.S., in its bulletin at 21:00 GMT (17:00 RD), said the eye of the storm was 180 kilometers northeast of San Juan, Puerto Rico, at latitude 19.3 degrees north and longitude 64.7 degrees west. The phenomenon was moving west-northwest at 24 mph and was forecast to turn toward the northwest on Tuesday.
The National Emergency Centre (COE) issued a red alert against coastal flooding to the inhabitants of the coastal lowlands of the north and east of the country. Similarly, a green alert was issued for the provinces of Monte Cristi, Puerto Plata and Espaillat (especially Gaspar Hernández).
Consequently, Onamet issued an abnormal winds and waves warning for the east and north coasts, with waves ranging between eight and ten feet high, and possible penetrations along coastal low points, especially in Nagua, Cabrera and Matancitas.
The agency also reported that a low pressure system located to the east of the Lesser Antilles became tropical storm Fiona, with maximum winds of 65 kilometers per hour.
According to Fermín Ceballos Estévez, from Onamet , the path of Fiona should travel farther east, before reaching the territory of the Lesser Antilles.
Moreover, the agency said the hurricane Daniel, located on the open waters of the Atlantic Ocean, has now been classified a tropical storm.
Punta Cana Live, 31.08.10
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