• Two plants offline mean blackouts

    Economy May 11, 2022 | 7:47 am

    Santo Domingo.- The outage of two power plants for maintenance is the cause of the recent blackouts, the Unified Council of Electricity Distributor Companies (CUED) reported on Tuesday. According t[...]
  • Housing prices soar since 2018

    Economy May 10, 2022 | 10:01 am

    Santo Domingo.-  Houses that cost between 1,750,000 and 1,800,000 pesos, (US$62,000) in 2018, currently reflect increases close to 100% due to the impact of the raw materials used by the sector. "[...]
  • World Bank dangles US$1.8B, but Dominican Gov. needs more

    Economy May 10, 2022 | 8:23 am

    Santo Domingo.- The fiscal deficit is expected to be reduced from 2.7% to 2.3% of the gross GDP during the period 2021-2026, but the Dominican Republic needs more fiscal space for health services, soc[...]
  • Taxes collects US$1.2B in April

    Economy May 9, 2022 | 8:33 am

    Santo Domingo.- The General Directorate of Internal Taxes (DGII) reported this Sunday that the collections corresponding to the month of April 2022 amounted to 68.2 billion pesos (US$1.2 billion) for [...]
  • FED rate hike will negatively affect the Dominican Republic

    Economy May 8, 2022 | 8:43 am

    The interest rate hike by the United States Federal Reserve will have negative consequences for the Dominican Republic; among these, a higher cost of credit and a negative impact on exports, remittanc[...]
  • Tourism sector has recovered

    Economy May 7, 2022 | 9:39 am

    The president of the Association of Hotels and Tourism of the Dominican Republic (Asonahores), Rafael Blanco Tejera, praised the pace of tourism recovery. He expressed that the country has been rec[...]
  • The Government freezes fuel prices again

    Economy May 6, 2022 | 4:34 pm

    With more than 1.4 billion pesos, the Dominican government stopped the increases in fuel prices for the week of May 7 to 13 as part of the measures to face the international price crisis, avoiding inc[...]
  • Abinader off to Costa Rica president’s inaugural

    Economy May 6, 2022 | 12:44 pm

    Santo Domingo.-  President Luis Abinader will attend this Saturday the inauguration of the newly elected president of Costa Rica, Rodrigo Chaves Roble. The president will participate in a dinner a[...]
  • Abinader backs border development

    Economy May 6, 2022 | 11:24 am

    Santo Domingo.- President Luis Abinader swore in at a hotel in the capital the members of the Coordination Council of the Special Border Development Zone (CCZEDF), leading his first working session as[...]
  • Amazon poses ‘enormous’ advantage for DR

    Economy May 6, 2022 | 8:59 am

    Santo Domingo.- The Amazon online sales platform represents a great opportunity for companies in the Dominican Republic, becoming a way to sell throughout the United States and other parts of the worl[...]
  • JAC authorizes new commercial operations to and from Cuba, Venezuela and Spain

    Economy May 5, 2022 | 3:32 pm

    The Civil Aviation Board approved new routes (JAC) this Wednesday, with the approval of the Amendment to the Operating Permit of the Rutas Aéreas company (RUTACA) to include the routes Maique[...]
  • Recovery is the talk as IMF, Dominican leader meet

    Economy May 5, 2022 | 10:56 am

    Santo Domingo.- President Luis Abinader met with the governor of the Central Bank (BC), Héctor Valdez Albizu, the executive director of the International Monetary Fund (IMF), by the Chair of Brazil, [...]
  • Law temporarily strikes import taxes from 67 tariff subheadings

    Economy May 5, 2022 | 9:11 am

    Santo Domingo.- The Executive Power enacted the law to temporarily remove import taxes from 67 tariff subheadings of basic products for feeding the population, which had been sent by President Luis Ab[...]
  • Cheapest lots in province: Santo Domingo Norte

    Economy May 5, 2022 | 8:40 am

    Santo Domingo.- Santo Domingo Norte is the municipality of Santo Domingo province with the lowest average price per square meter of work units for sale for housing: 30,138.3 pesos (US$548) At least[...]
  • Positive assessment of Dominican Republic’s ability to resume meat exports to the US

    Economy May 4, 2022 | 3:30 pm

    Officials of the agricultural sector valued as positive for the country the fact that the United States Department of Agriculture lifted the ban that the Dominican Republic had on exporting raw and in[...]
  • Government orders the sale of eggs at 3 pesos through Inespre

    Economy May 4, 2022 | 3:05 pm

    The Dominican Government ordered the sale of eggs at 3 pesos through the Inespre programs of producer markets, mobile warehouses starting this Friday. This was achieved as a result[...]
  • Curacao, Dominican ports forge sisterhood

    Economy May 4, 2022 | 12:16 pm

    Santo Domingo.- The Dominican Port Authority (Apordom) and the Curaçao Port Authority signed an international agreement on sister ports on Tuesday. As reported by the entity, through a press relea[...]
  • Gov. earmarks US$17M for bridges, beltways

    Economy May 4, 2022 | 9:27 am

    Santo Domingo.- The Ministry of Public Works currently has more than 644 works underway that will transform the country in the coming years, at a cost of RD$17 billion (US$309 million). Among the proj[...]
  • Telecom shutters 52 illegal radio stations

    Economy May 3, 2022 | 12:34 pm

    Santo Domingo.- The President of the Dominican Telecom Institute (Indotel), Nelson Arroyo, reported Tuesday that this entity has closed 52 illegal radio stations during his administration. “We ha[...]
  • Abinader defends workers’ rights

    Economy May 3, 2022 | 11:36 am

    Santo Domingo.- On the occasion of International Workers' Day, the President, Luis Abinader, held a lunch with union leaders to discuss issues of interest accompanied by the Minister of Labor, Luis Mi[...]