• Nov.-Dec. manufacturing activity posts favorable performance

    Economy January 28, 2020 | 9:40 am

    Santo Domingo.-The manufacturing activity posted a favorable performance between November and December, according to the Monthly Manufacturing Activity Index (IMAM) published by the Dominican Republic[...]
  • US$2.5B bond offer means cheaper dollar: Central Banker

    Economy January 28, 2020 | 8:15 am

    Santo Domingo.- Last week’s US$2.5 billion bond offer announced by the Finance Ministry would push the dollar exchange rate down, said Central banker Héctor Valdez Albizu affirmed Mon.. It means[...]
  • Dominican Republic elections won’t roil dollar, economy

    Economy January 27, 2020 | 1:27 pm

    Santo Domingo.- Central banker, Héctor Valdez Albizu, on Mon. discarded the notion that this year’s elections will negatively impact economic activity. "He who is betting on that, is going to st[...]
  • Santo Domingo could add 400+ new hotel rooms by 2022

    Economy January 27, 2020 | 7:53 am

    Madrid.- As of 2022, more than 400 new hotel rooms could be added in Santo Domingo, said Luis Padilla, director of sales and marketing of the Santo Domingo Hotel Association. He said important inte[...]
  • Expect scattered showers

    Economy January 25, 2020 | 6:09 am

    The National Meteorological Office (ONAMET) predicts there will be local showers over the northeast, southeast, and Central Cordillera regions today, especially in the late afternoon and evening due t[...]
  • Most fuel prices fall

    Economy January 24, 2020 | 1:41 pm

    Santo Domingo.- Fuel prices for the week from January 25 to 31 in gallons: Premium gasoline RD$233.00 per gallon, RD$0.50 less. Regular gasoline RD$217.60, RD$0.30 less. Regular diesel RD$180[...]
  • Gov. agencies deny intent to tax first license plate

    Economy January 24, 2020 | 9:29 am

    Santo Domingo.- Customs (DGA) and Internal Taxes (DGII)  on Thurs. denied having the intention to collect the funds from the vehicles’ first license plate before exiting the ports. "On our part,[...]
  • AMCHAMDR to publish its 5th Investor’s Guide

    Economy January 24, 2020 | 8:27 am

    Santo Domingo.- The Legal Committee of the American Chamber of Commerce of the Dominican Republic (AMCHAMDR) will publish the fifth edition of the Investor's Guide, a document that compiles the most r[...]
  • Dominican Republic US$2.5B bond sets a milestone

    Economy January 24, 2020 | 7:49 am

    Santo Domingo.- The Dominican Republic on Thursday placed a US$2.5 billion bond, with maturities of 10 and 40 years, at rates of 4.50% and 5.875% , and amounts of US$1.0 billion and US$1.5 billion, re[...]
  • Confirmed: A-Rod gets a stake in top Dominican beer(update)

    Economy January 23, 2020 | 3:35 pm

    Santo Domingo.-- Former New York Yankee, Texas Ranger and Seattle Mariner Alex Rodriguez is the new president and co-owner of Presidente, the Dominican beer brand now owned by Anheuser-Busch Inbev, Fo[...]
  • Top diplomats’ meeting bolsters Dominican-Jamaican ties

    Economy January 23, 2020 | 12:53 pm

    Santo Domingo.-- Foreign  Minister Miguel Vargas and Jamaica counterpart, Kamina Johnson Smith, on Thurs. signed a memo on cooperation, investment and trade to strengthen bilateral relations and all [...]
  • There’s gold in them thar trash…

    Economy January 23, 2020 | 8:26 am

    Santo Domingo.- NUVI, the largest private alliance for the efficient management of solid waste in the Dominican Republic, was launched at the Intercontinental Hotel Wed. in an activity that highlighte[...]
  • Medina, ministers mull fuel prices

    Economy January 22, 2020 | 4:27 pm

    Santo Domingo.- President Danilo Medina led a National Palace meeting Wed. in which details of an evaluation and a diagnosis on the price of fuels were presented. At the end of the meeting Industry[...]
  • Biggest bank financed US$1.0B for tourism projects, could rise in 2020

    Economy January 22, 2020 | 9:59 am

    Madrid.- Last year Banco Popular financed US$1.0 billion for tourism projects, which could be higher in 2020 depending on the business opportunities that arise. The announcement was made by René G[...]
  • New ECLAC policy brief outlines areas for improving national statistics in the Caribbean

    Economy January 22, 2020 | 9:28 am

    Press Release The data revolution for sustainable development has heralded a renewed focus on evidence-based policymaking in policy planning and implementation, but the legal foundation for the pro[...]
  • Auto dealers gripe over cost of first tag

    Economy January 22, 2020 | 8:34 am

    Santo Domingo.- The intention to collect in advance the 17% tax through the first license plate on imported vehicles and motorcycles concerns dealers who’ve warned that if that measure is applied ma[...]
  • Exports rose 7%, to US $ 11.4 billion

    Economy January 21, 2020 | 7:33 am

    Last year's exports amounted to US $ 11.4 billion, which represents an increase of 4.7% compared to 2018 when exports reached US $ 10.9 billion. The information contained in the "Monthly Export Rep[...]
  • Dominican Republic’s cocoa among the world’s top five

    Economy January 20, 2020 | 4:01 pm

    Santo Domingo.- Of some 600 varieties from 98 cocoa-producing countries, Dominican Republic’s was chosen among the top five in the world during an international competition held at the Chocolate Sal[...]
  • Gov. abandons US$14.7M project to replenish beaches

    Economy January 20, 2020 | 8:24 am

    Santo Domingo.- The Tourism Ministry will no longer have this year among its investments the project to regenerate the beaches, a plan that has been in preparation for its execution for years, but now[...]