Barrick Gold: sale of US$1.5B in assets doesn’t involve Dominican mine
Economy May 10, 2019 | 1:07 pm
Santo Domingo.- The miner Barrick Gold Corp. on Thurs. said the sale of US$1.5 billion in assets doesn’t involve its operations in the Dominican Republic, where they expect to expand. A spokesper[...]Monarch investment in Unigold’s local project lights up stock: report
Economy May 10, 2019 | 11:38 am
Santo Domingo.- The industry outlet Mining .com is reporting that Quebec-focused Monarch Gold is taking a 14.2% stake in Unigold, whose Neita project in Dajabon province, Dominican Republic has an ope[...]Official: Punta Catalina saved US$10M, with 385MW output
Economy May 10, 2019 | 8:40 am
Santo Domingo.- In the test phase thus far the Punta Catalina Power Plant has saved taxpayers RD$500 million (US$10 million), generating up to 385 megawatts. State Electric Utility (CDEEE) CEO Rub[...]Hard currency could boost the dairy sector’s development
Economy May 9, 2019 | 10:08 am
Santo Domingo.- Hard currency promote financial inclusion and have the potential to boost productive development in the dairy sector, according to a diagnosis presented at the Industry and Commerce Mi[...]Stock Market traded US$86B last year
Economy May 9, 2019 | 8:31 am
Santo Domingo.- Securities superintendent, Gabriel Castro, revealed Wed. that the stock market has grown 16 percent this year and that currently more than 100,000 people participate in the market. [...]Progreso, Scotia full steam ahead toward March 2020 merger
Economy May 8, 2019 | 1:04 pm
Santo Domingo.- The Progreso and Scotia banks will continue to operate each one with their platform, until the two institutions merge on March 2020. In a Tues. press conference, the executives affi[...]More taxes will solve everything: official
Economy May 8, 2019 | 12:26 pm
Santo Domingo.- The State needs more resources to meet the population’s demand for services and infrastructure, Economy minister Isidoro Santana, affirmed Wed. He stressed that this cannot be ach[...]European Union Delegation hosts Open Day
Economy May 8, 2019 | 8:52 am
Santo Domingo.- The European Union Delegation in the Dominican Republic held the Open Day, where they opened the doors of the EU Embassy offices to young university students and the public, interested[...]Soldiers and their families get perks to stay at border
Economy May 8, 2019 | 8:29 am
Santo Domingo.- Army commander, Estanislao Gonell Regalado, on Tues. started offering perks to the soldiers who currently reside with their families in the military posts along the border with Haiti. [...]Health tourism income jumps to US$265.0M in 2018
Economy May 8, 2019 | 7:58 am
Santo Domingo.- Dominican Republic’s health tourism posted an average income of US$265.0 million during 2018, surpassing 2017 by US$34.6 million. The figures show that in 2018 there was an marked[...]27 companies acquire BASC certification
Economy May 7, 2019 | 2:46 pm
Santo Domingo.- The local chapter of the Business Alliance for Secure Commerce (BASC Dominicana) on Tues. accredited 27 companies for compliance with its international protection norms and standards, [...]Work will depend on robotics in the not-too-distant future
Economy May 7, 2019 | 9:51 am
Santo Domingo.- It’s no secret that in the not-too-distant future traditional work will depend a lot on robotics. Although this is something that worries some, the positive side is that these cha[...]Medina orders purchase of local agro products without middlemen
Economy May 7, 2019 | 8:29 am
Santo Domingo.- President Danilo Medina on Monday issued an executive order which, among other measures, orders the "exclusive" purchase of domestic agro products directly from producers without inter[...]No paperwork, no cash to renew residence
Economy May 6, 2019 | 12:57 pm
Santo Domingo.- No more paperwork to renew temporary and permanent residence as of May 8, when it will be processed exclusively online through the Immigration Directorate website, the agency said on[...]Medina supports Haas avocado project in the highlands
Economy May 6, 2019 | 10:38 am
Constanza, Dominican Republic.- President Danilo Medina on Sun. met with the Constanza Agricultural Association (Asagrocons), in La Vega to promote the planting of Hass avocado, the world’s leading [...]Unions tell business, forget push to nix severance pay
Economy May 6, 2019 | 9:59 am
Santo Domingo.- Unions Federation (CNUS) president Rafael (Pepe) Abreu, on Sun. said the issue of the Labor Code reform should be shelved because it has “no way out.” Abreu said the topic shoul[...]Dominican Republic tourism thrives despite rough waters
Economy May 6, 2019 | 7:39 am
Santo Domingo.- The arrival of more tourists from the United States, Canada and Panama compensated for the decline in the number of visitors from Europe and South America. Central Bank data show th[...]All fuel prices rise again, except natural gas
Economy May 3, 2019 | 3:37 pm
Santo Domingo.- The Industry and Commerce Ministry on Fri. again posted higher fuel prices for the week from May 4 to 10, when premium gasoline will cost RD$244.70 per gallon, or RD$1.90 more and regu[...]Santiago pays taxes big time; demands investment in kind
Economy May 3, 2019 | 11:33 am
Santiago.- The country's 2nd biggest city and the Cibao region remain firm in their demand for higher Government investment for that part of the country, in keeping with its fiscal contribution to the[...]No qualified professionals to be found, industries warn
Economy May 3, 2019 | 9:55 am
Santo Domingo.- Representatives of the main business organizations on Thurs. warned that just like the free zones, the industries find it impossible to get qualified professionals in engineering, ch[...]