Mangoes head to main market as US certifies export
Economy June 24, 2019 | 12:34 pm
Santo Domingo.- Agriculture minister, Osmar Benítez, announced Mon. that the US Department of Agriculture granted the federal export certification to the recently inaugurated Hydrothermal Processing [...]Medina pledges help to avocado growers at western province
Economy June 24, 2019 | 11:32 am
Santo Domingo.- President Danilo Medina on Sun. visited 166 avocado growers at Bohechío, western San Juan province where he pledged assistance. He said the Government will help increase planting a[...]Utility plays cat-and-mouse with new power plant
Economy June 24, 2019 | 10:35 am
Santo Domingo.- In recent days the blackouts have been felt in much of the country, stoking concern among the people who are subjected to long hours without energy. The blackouts have also been a[...]Odebrecht case ruling: no statute of limitation on corruption
Economy June 24, 2019 | 9:46 am
Santo Domingo, .- The sentence that sends to trial six of the seven that the prosecution accused of taking bribes from Odebrecht, states that corruption has no statute of limitation. That opens the[...]Fuels fall a 6th straight week; natural gas stays put
Economy June 21, 2019 | 5:08 pm
Santo Domingo.- The Industry and Commerce Ministry on Fri. posted the fuel prices for the week from June 22 to 28, when premium gasoline will cost RD$224.40 per gallon, or RD$1.60 lower and regular ga[...]Medina receives six new ambassadors
Economy June 19, 2019 | 2:07 pm
President Danilo Medina, on Wed. received the credentials of six new ambassadors from Nicaragua, India, Jordan, Sweden, Norway and the United Arab Emirates, in a National Palace ceremony. [...]Drought withers Puerto Plata agro, locals cry for drinking water
Economy June 19, 2019 | 12:34 pm
Puerto Plata.- The months-long drought which parches the western part of the province could ravage agriculture and makes it difficult for locals to get drinking water. It hasn’t rained in western[...]Free Zone textile exports jump 9.19% to US$240.4 to April
Economy June 19, 2019 | 10:36 am
Santo Domingo.- Textile apparel exports to the United States climbed 9.19% from January to April, the National Free Trade Zones Council (CNZFE) revealed Tues. The Textiles and Apparel Office (OTEXA[...]Cement-makers beam as sales jump 9.6%
Economy June 19, 2019 | 9:35 am
Santo Domingo.- Dominican Portland Cement Producers Association (Adocem) president Adriano Brunetti, on Tue. said the industry is undergoing a positive period, when construction accounted for 12.5% [...]Seaweed invasion shuts down major power plant
Economy June 18, 2019 | 5:28 pm
Santo Domingo.- Units 1 and 2 of the Itabo power plant, which supplies 238 megawatts to the National Grid (SENI), were shut down Tues. forced outings since dawn due to “a high invasion of Sargasso s[...]Gov. to build 100MW solar park for US$110M in the South
Economy June 18, 2019 | 3:56 pm
Santo Domingo.- National Energy Commission (CNE), executive director Ángel Canó, on Mon. signed a contract with Natural World Energy Corp. (NWEC) to build a solar park in Villarpando, Azua (south), [...]Blackouts continue in sectors of Greater Santo Domingo
Economy June 18, 2019 | 9:16 am
Santo Domingo.- The blackouts continue to hit several sectors of Greater Santo Domingo where customers complain of long hours without electric service, especially at night and early morning. Accord[...]Dominican Republic’s Stock Market grows but needs a ‘push’ toward IPOs
Economy June 18, 2019 | 8:32 am
Santo Domingo.- Dominican Republic’s Stock Market is growing at a brisk pace, but needs a "push" to compete with that of other economies. The statement is by Santiago Camarena, executive vice pre[...]Most fuel prices fall a 5th straight week
Economy June 14, 2019 | 3:55 pm
Santo Domingo.- For the week from June 15 to 21, premium gasoline will cost RD$226.00, or RD$2.40 less, and regular gasoline will cost RD$212.00, or RD$2.30 less. Regular diesel will cost RD$171.50[...]Exporters at core of the country’s economic and social development
Economy June 14, 2019 | 1:06 pm
Press Release Santo Domingo.- The Dominican Exporters Association (ADOEXPO) noted that this sector is one of the main sources of foreign exchange and contributions to the Treasury, generator of tho[...]New wind park in NW will supply 351MW
Economy June 13, 2019 | 9:12 am
Montecristi, Dominican Republic.- President Danilo Medina participated in the opening ceremony of the Wind Parks of the Caribbean (PECASA), which will contribute to diversify the energy supply of the [...]Business leaders deny stonewalling on wage hike
Economy June 12, 2019 | 12:21 pm
Santo Domingo.- National Young Entrepreneurs Association (ANJE) president Guillermo Julián on Wed. denied that the business sector is to blame for the deadlock of the talks with the unions leading to[...]Nobody wants to own the blackouts
Economy June 12, 2019 | 10:05 am
Santo Domingo.- The blackouts in various parts of the country are not financial, State Electric Utility (CDEEE) CEO, Rubén Jiménez Bichara affirmed Tues. "If they were financial, the power compan[...]IMF: Dominican economy will grow 5.5 %, despite risks
Economy June 11, 2019 | 6:56 pm
Washington.- The International Monetary Fund on Tues. said the outlook for the Dominican Republic is favorable and it expects the economy to grow 5.5% this year and around 5% in the medium term. It[...]May prices decline 0.03%, paced by transport
Economy June 10, 2019 | 3:42 pm
Santo Domingo. - Dominican Republic’s Central Bank on Mon. said consumer prices declined 0.03% in May, while accumulated inflation from January to May stood at 1.36%. “With this result annualiz[...]