• Customs, Telecom pact ‘makes life easier for citizens’

    Economy September 20, 2018 | 12:25 pm

    Santo Domingo.- The Customs Directorate and the Dominican Telecom Institute (INDOTEL) on Wed. signed a memo by which the One Stop Foreign Trade Window (VUCE) will set a fixed service fee and improve t[...]
  • IDB US$170.0M loans boost agroforestry, help teen girls

    Economy September 20, 2018 | 11:43 am

    Santo Domingo.- The Senate on Wednesday approved two loans from the Inter-American Development Bank (IDB) for US$170.0 million. The first loan, for US$150.0 million, would finance the Government's [...]
  • Tourism exceeds 20% of the country’s GDP: top hotelier

    Economy September 19, 2018 | 7:14 pm

    Punta Cana, Dominican Republic.- Dominican Hotels and Tourism Association (ASONAHORES) president Joel Santos on Wed. said tourism's presence in the economy is so deep and widespread that it needs to m[...]
  • Sector continues to downplay electricity crunch

    Economy September 19, 2018 | 3:48 pm

    Santo Domingo.- Ten of the country's 20 major power plants are generating less energy than programmed by the sector, but officials and executives of the sector affirm that it has been compensated by e[...]
  • Imports, lack of funds imperil garlic crop: growers

    Economy September 19, 2018 | 1:01 pm

    Constanaza, Dominican Republic.- Just as the planting of garlic is about to start, growers in Constanza (central), complain that imports continue, which they affirm is unfair competition that hinders [...]
  • Dominican Republic leader to visit China in October

    Economy September 19, 2018 | 11:25 am

    Santo Domingo.-  Foreign minister Miguel Vargas on Tues. announced that Dominican Republic president Danilo Medina is working to prepare an official visit to China in October. He said the trip wou[...]
  • Perennial Central Banker confirmed again

    Economy September 18, 2018 | 10:57 pm

    Santo Domingo.- President Danilo Medina on Wed. confirmed Hector Valdez Albizu as Central Banker, through executive order 343-18, released on Tuesday. Clarissa de la Rocha was also confirmed as Deputy[...]
  • Dollar ‘stable’ but peso slides toward 50-to-1

    Economy September 18, 2018 | 3:26 pm

    Santo Domingo.- Dominican Republic's Central Bank on Tues. said the exchange rate of the US dollar continues "stable" today against the Dominican peso. It said in the country's currency market the [...]
  • Blame Govt. for power plant outage, but consumers pay

    Economy September 18, 2018 | 12:43 pm

    Santo Domingo.- The opposition Democracy Alliance (APD) party warned Mon. that the government aims to raise fuel prices, to compensate for the energy deficit once the AES Andrés power plant in Boca C[...]