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SANTO DOMINGO, Dominican Republic — More than 3,000 bright yellow taxis will soon be zipping around the Dominican Republic.

Officials have ordered that cabs be identified by the standard color to regulate the business and ensure passenger safety.

The government has bought a fleet of new yellow Toyota Corollas to be used as taxis in the capital of Santo Domingo and the northern city of Santiago. Several banks and a state institution issued a $129 million loan to buy the cars. They start circulating Wednesday.

Taxi drivers have the option of painting their current cab yellow or buying one of the new ones and receiving a tax break.

The government said Friday it also plans to certify drivers.

Feb 6th, 2010 | Filed under Playa Laguna Real Estate
Jan 28th, 2010 | Filed under Videos

MINEOLA, N.Y., Dec. 9 /PRNewswire-FirstCall/ — Kenilworth Systems Corporation (Pink Sheets: KENS) — Kenilworth reported today that starting tomorrow December 10, 2009 it will commence to offer political leaders and the public an opportunity to voice their support for U.S. House Financial Services Committee Chairman Congressman Barney Frank’s effort to repeal the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) and support his Internet Gambling Consumer Protection and Enforcement Act (HR 2267) to regulate and license online gambling sites in the United States.

The live in-progress REAL TIME casino table action that allows gambling enthusiasts to play along with casino table games without actually having to be at the casino, will serve to DEMONSTRATE and MARKET to the more than 2,000 casinos, within the borders, in the fifty-one (51) European and Asian industrial countries in which Kenilworth enjoys patent protection.

Kenilworth, pursuant to an exclusive Test Simulcast Agreement with the Dominican Republic Government and their casino Regulators extending over six (6) months (the test period), will begin global simulcast online (Internet) broadcasts from a Roulette table located in the Sosua Grand Casino that held its grand opening on October 24, 2009. The casino is now the centerpiece in the Sosua Bay Resort at Puerto Plata, Dominican Republic, the largest and most populated Caribbean Nation.

For now, with a special interface, U.S. and foreign viewers may play along with the table players, FOR FUN, by logging onto http://www.rlcp.com/ (Remote Live Casino Play) between the hours of 8:00 p.m. and 2:00 a.m. U.S. Eastern Standard Time.

In the future, when permitted in the United States, viewers will wager directly on the table game. PricewaterhouseCoopers and others recently estimated that Internet gambling in the U.S. could raise nearly $52-$65 billion in taxable revenue over the next decade (starting early in 2010). Wagers will be limited to the price of a slot machine or VLT (video lottery terminal) handle pull (from one cent ($0.01) and up). With special future promotional efforts to credit net book purchasers for free playtime and ten percent (10%) immediate tax payments to local, state and federal taxing authorities.

In a November 23, 2009 Newsweek statement by Brian Chan, the ban on the implementation of UIGEA will merely cause to reshuffle of payment options. The magazine asserts that as many as five percent (5%) of American adult residents gamble $100 billion annually on virtual (studios) number generated casino table action offered on foreign websites.

The simulcast test is a joint venture project between Caribbean Casino and Gaming Corp. (“Caribbean”). Caribbean is a gaming and entertainment company with headquarters in Bradenton, Florida, the owners of the casino and Kenilworth. The broadcast is a “FIRST” for the gaming industry.

FORWARD-LOOKING STATEMENT

This report contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may,” “future,” “plan” or “planned,” “will” or “should,” “expected,” “anticipates,” “draft,” “eventually” or “projected.” You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-Q and other filings made by the Company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this report are made as of the date hereof and Kenilworth undertakes no obligation to update such statements.

Jan 24th, 2010 | Filed under Other

Dominican president foresees economic recovery in 2010

HAVANA, Dec. 31 (Xinhua) — Dominican Republic’s President Leonel Fernandez said Thursday that 2010 would see the recovery of the country’s economy and urged all sectors to stand up to challenges, local reports said.

Government stimulus measures were necessary for economic sectors to actively participate in the process of recovery to achieve a sustained economic growth, Fernandez said.

The president said the world economic crisis had affected the expenses of private sectors, fiscal incomes and general welfare of the people in the Caribbean country.

Dominican Republic had managed to keep the stability and mitigate the effects on the economic growth and employment, Fernandez said. “But this was not enough to meet the expectations of governors and people regarding the economic development.”

Experts say Dominican Republic has achieved to alleviate the effects of the global crisis and expect the national economy to grow around 3.5 percent, higher than the original estimation.

In November 2009, Dominican Republic signed an agreement with the International Monetary Fund, which in 28 months would lend the country 1.7 billion U.S. dollars to cover the tax collection deficit and boost its economy.

Jan 20th, 2010 | Filed under Living in the Dominican Republic

Santo Domingo.– The Super Tucano intercept planes recently bought by the Dominican Republic will be operated by the Dominican Air Force on missions involving internal security, border patrol, and combating the drug trafficking.

According to Orlando José Ferreira Neto, Embraer Executive Vice President, “the use of the Super Tucano airplanes by the Dominican Air Force will increase the readiness and solidity of the nation’s defense system, by performing patrol missions with the operational efficiency and precision that are already combat proven.”

“The acquisition of these Super Tucano planes, manufactured by Embraer, one of the world’s most prestigious companies, is one more example of the Government’s unshakeable decision to deal with the nation’s vulnerable areas, in order to protect ourselves from the scourge of the drug traffic,” highlighted the Dominican Armed Forces minister Pedro Rafael Peña.

Jan 16th, 2010 | Filed under Living in the Dominican Republic

Santo Domingo.– The increase in bank credit to the private sector helped reactivate the Dominican economy, which will grow this year by around 3.5%, the Central Bank reported.

Due to a strong correlation between the private credit and the GDP growth, the Dominican economy has experienced an important recovery, mainly in 2009’s second quarter, according to the report.

The Central Bank pointed out that the growth has become one of the highest growth rates in Latin America this year and has been progressively larger: 1% in the first quarter, 1.8% in the second quarter, 3.4% in the third, with an overall 2.1% for the first three-quarters.

The entity also said the international reserves will close at record highs, the current account in the balance of payments will have an improvement in its deficit of 4.5% of GSP, lower than the 9.7 of 2008 by 5.2%.

Such achievements, the Central Bank stated, will be reached without risking the goals of keeping inflation in check –the major goal of the monetary policy–, which will help keep the relative stability in the exchange rate for 2010.

Jan 13th, 2010 | Filed under Living in the Dominican Republic

Rep. Charles Rangel blamed his failure to pay taxes on his rental income from a Caribbean villa to “cultural and language barriers,” reports the New York Times. “Every time I thought I was getting somewhere, they’d start speaking Spanish,” Rangel said of his attempts to sort out his paperwork. The congressman admitted responsibility for his errors and submitted materials for an ethics investigation.

Rangel, a lawyer, is chairman of the House Committee on Ways & Means, which writes tax law, and about half the households in his district speak primarily Spanish. He has also come under fire for maintaining four rent-stabilized Manhattan apartments, one of which serves as his campaign office.

Jan 8th, 2010 | Filed under Other

Santo Domingo.– The Super Tucano intercept planes recently bought by the Dominican Republic will be operated by the Dominican Air Force on missions involving internal security, border patrol, and combating the drug trafficking.

According to Orlando José Ferreira Neto, Embraer Executive Vice President, “the use of the Super Tucano airplanes by the Dominican Air Force will increase the readiness and solidity of the nation’s defense system, by performing patrol missions with the operational efficiency and precision that are already combat proven.”

“The acquisition of these Super Tucano planes, manufactured by Embraer, one of the world’s most prestigious companies, is one more example of the Government’s unshakeable decision to deal with the nation’s vulnerable areas, in order to protect ourselves from the scourge of the drug traffic,” highlighted the Dominican Armed Forces minister Pedro Rafael Peña.

Jan 2nd, 2010 | Filed under Living in the Dominican Republic

Santo Domingo.– The increase in bank credit to the private sector helped reactivate the Dominican economy, which will grow this year by around 3.5%, the Central Bank reported.

Due to a strong correlation between the private credit and the GDP growth, the Dominican economy has experienced an important recovery, mainly in 2009’s second quarter, according to the report.

The Central Bank pointed out that the growth has become one of the highest growth rates in Latin America this year and has been progressively larger: 1% in the first quarter, 1.8% in the second quarter, 3.4% in the third, with an overall 2.1% for the first three-quarters.

The entity also said the international reserves will close at record highs, the current account in the balance of payments will have an improvement in its deficit of 4.5% of GSP, lower than the 9.7 of 2008 by 5.2%.

Such achievements, the Central Bank stated, will be reached without risking the goals of keeping inflation in check –the major goal of the monetary policy–, which will help keep the relative stability in the exchange rate for 2010.

Jan 1st, 2010 | Filed under Living in the Dominican Republic

Rep. Charles Rangel blamed his failure to pay taxes on his rental income from a Caribbean villa to “cultural and language barriers,” reports the New York Times. “Every time I thought I was getting somewhere, they’d start speaking Spanish,” Rangel said of his attempts to sort out his paperwork. The congressman admitted responsibility for his errors and submitted materials for an ethics investigation.

Rangel, a lawyer, is chairman of the House Committee on Ways & Means, which writes tax law, and about half the households in his district speak primarily Spanish. He has also come under fire for maintaining four rent-stabilized Manhattan apartments, one of which serves as his campaign office.

Dec 29th, 2009 | Filed under Other


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