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[...]Power companies see no reason for blackouts
Economy June 10, 2019 | 3:13 pm
Santo Domingo.-- The country's private generation system has more than 270 megawatts available, which, if called upon to enter under market conditions, would help meet the energy demand, which has inc[...]Reconciling economic development with environmental protection
Economy June 10, 2019 | 9:56 am
Santo Domingo.- In the 11th prizes of the Atabey Innovation Center, its president Domingo Contreras, stressed that the trend in the world economy is to reconcile economic development with e[...]Truckers will be tracked via satellite.
Economy June 7, 2019 | 4:36 pm
Santo Domingo.- Land Transport Institute (INTRANT) director Claudia De Los Santos, National Land Transport Network (RNTT) president Armando Rivas and truckers union (Fenatrado) president, Ricardo De l[...]Energy & Mines to hold first oil licensing round: report
Economy June 7, 2019 | 3:45 pm
Santo Domingo.- Dominican Republic’s Energy and Mines Ministry, in partnership with Wood Mackenzie, has announced its first licensing round to open at an event in Houston on July 10, 2019, closing i[...]All fuels fall again, except natural gas
Economy June 7, 2019 | 12:41 pm
Santo Domingo.- The Industry and Commerce Ministry on Fri. posted the fuel prices for the week from June 8 to 14, when premium gasoline will cost RD$228.40, drops RD$7.10 per gallon and regular gasoli[...]The country’s 7 major dams in ‘frank’ recovery from rains
Economy June 7, 2019 | 9:25 am
Santo Domingo.- The country’s dams are in frank recovery, from the rains in recent days, the dams and canals agency (Indrhi) reported Thurs. It said seven reservoirs increased their levels signif[...]Environmentalists slam ruling that nixed national park
Economy June 6, 2019 | 8:58 am
Santiago.- Environmental groups on Wed. marked World Environment Day with a march to reject the Constitutional Court ruling that declared the creation of the Manolo Tavarez Justo National Park unconst[...]Dominican Gov. withholds US$30M on Venezuelan limbo
Economy June 6, 2019 | 8:25 am
Santo Domingo.- Dominican Petroleum Refinery (Refidomsa) president Felix Jimenez, affirmed Wed. that six months ago Venezuela stopped all participation in its management, despite its 49% stake. Jim[...]Dominican Republic has paid US$14.3B of foreign debt, Gov. says
Economy June 6, 2019 | 7:46 am
Santo Domingo.- The Dominican Government on Wednesday it has paid US$14.3 billion of foreign debt service in the last seven years. It said of that, US$8.9 billion correspond to capital maturities a[...]A very good year for Santo Domingo’s airports
Economy June 5, 2019 | 5:13 pm
Santo Domingo.- Dominican airports management company (Aerodom) director Monika Infante, revealed Wed. that flights from El Higüero Airport jumped 40% and 10% from Las Américas International Airport[...]Dubai Sultan also eyes Dominican ports
Economy June 5, 2019 | 11:21 am
Santo Domingo.- Dominican Republic’s economic growth and strategic geographic location were the main topics in the speech by Dubai Sultan Ahmed bin Sulayem, in a luncheon to mark the National Busin[...]Medina off to Guatemala for regional powwow
Economy June 5, 2019 | 8:32 am
Santo Domingo.- President Danilo Medina traveled to Guatemala City on Wednesday to participate in the LIII Meeting of Heads of State and Government of the Central American Integration System (SICA). [...]Wage hike debacle: unions are no-shows, employers ‘distressed’
Economy June 5, 2019 | 7:57 am
Santo Domingo.- Tuesday’s meeting of the National Salary Committee (CNS) failed as the unions were no-shows, a decision labeled as irresponsible by the business leaders. The meeting was postponed[...]Dominican mango exports soar 138.8% to 3,272T in 1Q
Economy June 4, 2019 | 11:07 am
Santo Domingo.- Exports of Dominican mangoes skyrocketed 138.8% in the first quarter this year, resulting from the investments to boost fruit shipments to international markets. The country exporte[...]Dominican port is a bridge to ship foods to Venezuela
Economy June 4, 2019 | 10:26 am
Santo Domingo.- The Dominican Republic serves as a bridge to ship food to Venezuela from Colombia, through a regional logistics operator that uses Caucedo Multimodal Port as a hub to receive and distr[...]Biggest mill says it produced 500K+ tons of sugar
Economy June 4, 2019 | 8:50 am
La Romana, Dominican Republic.- The Central Romana Corp. mill on Mon. announced a production of 352,116 short tons of sugar, after milling over 3 million short tons of cane in a harvest of around 180 [...]US$584M from bank reserve headed to productive sector loans
Economy June 4, 2019 | 8:24 am
Santo Domingo.- Dominican Central banker Héctor Valdez Albizu, on Mon. called a meeting of the Dominican Republic Commercial Banks Association (ABA) and the Dominican League of Savings and Loan Assoc[...]Dominican Republic’s ports the focus of high level huddle
Economy June 3, 2019 | 5:06 pm
Santo Domingo.- President Danilo Medina on Mon. held a work meeting with international ports and logistics entrepreneurs, with a strategic dialogue on opportunities for the Dominican Republic. The [...]