Fuel prices have risen RD $ 35.8 between March-April
Business & Pleasure April 6, 2019 | 6:46 am
Only in the past month, the prices of regular and premium gasoline saw an increase of almost RD $ 17.00, since March these rose RD $ 16.7 and 16.8 respectively. For today the Ministry of Industry, [...]RD $ 710.8 million in revenues from CO2 emissions issued by vehicles
Economy April 6, 2019 | 6:08 am
2018, collections for the tax on carbon dioxide (CO2) emissions amounted to RD $ 710.8 million, an amount that represented a growth of 5.3% compared to the same period of the previous year, according [...]Gases stay put, other fuel prices mixed
Economy April 5, 2019 | 4:38 pm
Santo Domingo.- The Industry and Commerce Ministry on Fri. posted the fuel prices for the week from April 6 to 12, when a gallon of premium gasoline will cost RD$239.00, or 60 cents more, while regula[...]Italians show system that harnesses the sea’s energy
Economy April 5, 2019 | 3:31 pm
Santo Domingo.- Italian businessmen showed Dominican authorities the "Proyecto Onda" (project wave), an intelligent float that extracts energy from the motion of waves and designed to withstand hurric[...]Top officials disagree on the need of a tax reform
Economy April 5, 2019 | 1:11 pm
Santo Domingo.- Central banker Hector Valdez Albizu, said Friday that the government needs to take strong measures either at the beginning or the end of its term to materialize a tax reform, despite F[...]Without key reforms, pension fund managers could go under
Economy April 5, 2019 | 11:17 am
He noted however that he's not saying that a crisis is necessarily going to happen at that level. "There is still time to make those efforts, maybe the government does not reach a bankruptcy moment, a[...]Dominican Industry priority: signing of Electricity Pact
Economy April 5, 2019 | 10:25 am
Santo Domingo.- The signing of the Electricity Pact, the labor reform and the protection of national production are priorities for the Dominican Republic Industry Association (AIRD), its president Cel[...]Govt. seeks US$60M to build new Northwest port
Economy April 5, 2019 | 9:17 am
Santiago.- Presidency chief of staff, Gustavo Montalvo, on Thurs. said the Govt. seeks international financing of around US$60 million to build a new port in Manzanillo (northwest). He said the new[...]Mogul favors keeping the severance pay
Economy April 4, 2019 | 3:34 pm
Santo Domingo.- Retail and media mogul José Luis (Pepin) Corripio on Thurs. said he's in favor of keeping the severance pay in the Labor Code, to maintain the rights of workers. He also urged the [...]Bill sets the low-cost housing category at/or below US$70,000
Economy April 4, 2019 | 10:32 am
Santo Domingo.- The Chamber of Deputies on Wed. passed an amendment to the Mortgage Market Development and Trust Law (189-11) that establishes a new category for low-cost housing at/or below RD$3.5 mi[...]Non-financial public sector debt rose by US$679.5M in 1st 2 months
Economy April 4, 2019 | 9:28 am
Santo Domingo.- The non-financial public sector (NFPS) debt rose by US$679.5 million from January to February 2019, according to the General Public Credit Directorate's most recent report. The repo[...]Gov. to replace with cocoa coffee plantations ruined by blight
Economy April 4, 2019 | 8:58 am
Neiba, Dominican Republic.- With the objective of replacing old coffee plantations destroyed by coffee rust, the National Agricultural and Forestry Research Council (Coniaf), develops a wide-reaching [...]Cuban, DR officials agree to protect the environment with a regional focus
Economy April 3, 2019 | 4:53 pm
Santo Domingo.- The Environment Ministry and Cuba's vice-ministry of Science, Technology and Environment on Wed. agreed to cooperate for the protection of the environment with a regional focus. Env[...]Conclave seeks to protect and regulate commercial use of sharks and rays
Economy April 3, 2019 | 11:58 am
Santo Domingo.- Dominican Republic's Environment and Natural Resources Ministry on Wed. hosted the "Latin America and Caribbean Regional Workshop CITES Pre-CoP18" to discuss new proposals for inclus[...]Sluggish economic trend concerns experts
Economy April 3, 2019 | 9:59 am
Santo Domingo.- The current economic slowdown concerns economists of the State University UASD, who cautioned that if the trend continues, growth would reach only 4% by 2023. "If by 2023 the econom[...]Rum makers to fight tax dodgers, booze black market
Economy April 3, 2019 | 8:15 am
Santo Domingo.- Rum distillers on Tue. praised Internal Taxes' (DGII) high security measure to combat evasion and the black market in alcohols, beers and cigars, through the "Control and Trazabiliza[...]Dominican Republic eyes grid fix with US$600M from China
Economy April 3, 2019 | 7:45 am
Santo Domingo.- The draft for the US$600 million financing agreed with China's government last November in Shanghai to be used to rebuild the electricity grid isn't ready yet. They're working on it[...]Dominican banks on solid footing: Fitch Ratings
Economy April 2, 2019 | 5:02 pm
Bogota.- Fitch Ratings has published a dashboard on the performance of the largest Dominican banks for year-end 2018 (YE18). "Favorable economic performance, sound liquidity across the system, and [...]US, Argentina, Jamaica, Dominican Republic lead Aviation Security Plan
Economy April 2, 2019 | 4:38 pm
Santo Domingo.- The Dominican Republic will lead along with the United States, Argentina and Jamaica, the fifth strategic objective of the Global Aviation Security Plan (GASeP), cooperation and suppor[...]Dominican regulator notifies Altice of penalties for service crash
Economy April 2, 2019 | 11:34 am
Santo Domingo.- The Dominican telecom regulator (Indotel) on Tues announced that it has notified the telecom company Altice Dominicana, S.A., the Initial Act of Infringement and the other regulations [...]