10 companies get Authorized Economic Operator certification
Economy February 26, 2019 | 5:09 pm
SANTO DOMINGO.- Another 10 companies received certification or revalidation as an Authorized Economic Operator (OAS), during a meeting held at Customs headquarters. While handing out the certificat[...]Top official says the Govt. ‘encourages’ a salary increase
Economy February 26, 2019 | 12:31 pm
Santo Domingo-. Economy minister, Isidoro Santana, on Tuesday said the Government encourages a salary increase, and that citizens should be aware that the real wage was very low for years "unlike the [...]Unions won’t budge on severance pay, work hours
Economy February 26, 2019 | 9:17 am
Santo Domingo.- The labor unions on Mon. reiterated that they won't allow amendments to the Dominican Labor Code that would hinder workers' rights. At the end of a meeting in the Labor Ministry, un[...]Cost to manage longest river basin: US$13.3M
Economy February 25, 2019 | 1:26 pm
Santiago.- President Danilo Medina on July 8, 2018, approved the Presidential Commission's proposal to manage the Yaque del Norte River Basin (CRYN), at a cost of RD$664.5 million (US$13.3 million).[...]Dominican Republic lacks 8 points on Free Trade with US
Economy February 25, 2019 | 11:38 am
Santo Domingo.- Though not in a "red list" the country appears in a document from the Office of the United States Trade Representative (USTR) with eight points that US businesses say are not met, with[...]Medina: surprise visits have lifted 1.6M people out of poverty
Economy February 25, 2019 | 10:57 am
Santo Domingo.- President Danilo Medina on Sun. said thanks to his surprise visits the government has lifted 1.6 million people out of poverty. He said 30% of the population is now middle class, an[...]Govt. fails to switch US$2.1B power plant on
Economy February 25, 2019 | 9:19 am
Santo Domingo.- The US$2.1 billion Punta Catalina power plant wasn’t turned on Sat., as Hacienda minister Donald Guerrero had announced. On Sunday, the State Electric Utility (CDEEE) in a press r[...]Santiago wants a rebuilt port not just repairs
Economy February 25, 2019 | 8:10 am
Santiago.- The local Chamber of Commerce and other institutions grouped in Commitment Santiago expect a reconstruction of the port at Manzanillo (northwest) not just a simple repair. The business[...]Dominican business climate is great, top official tells Israelis
Economy February 22, 2019 | 4:56 pm
Santo Domingo.- Foreign minister Miguel Vargas on Fri. called Dominican Republic's investment climate favorable and offered details on the free zone model, where 300 of the world's most important pr[...]All fuels except natural gas continue climb
Economy February 22, 2019 | 2:19 pm
Santo Domingo.- The Industry and Commerce Ministry on Fri. posted the fuel prices for the week from February 23 to March 1, when premium gasoline will cost RD$217.60 per gallon, or RD$1.90 more and [...]Official: Punta Catalina starts generating Saturday, for real
Economy February 21, 2019 | 4:56 pm
Santo Domingo.- "The reality of Punta Catalina is that the plant is marching in the final phase of tests and must start generating for the system this Saturday," Finance minister, Donald Guerrero affi[...]Labor productivity sluggish rise prompts IDB caution
Economy February 21, 2019 | 4:34 pm
Santo Domingo.- Labor productivity in the country climbed an average 4.32%, an increase influenced by the educational level and specialization of the employed population, according to the First Nation[...]Employers call labor’s proposed 30% wage hike a ‘ploy’
Economy February 21, 2019 | 3:47 pm
Santo Domingo.- The major labor unions on Thurs. reiterated their proposed 30% increase in the minimum salary of non-sectorized workers during the first meeting called by the National Wages Committee.[...]Canada envoy’s visit reveals the north region’s thirst for trade
Economy February 21, 2019 | 11:50 am
Santiago.- Canada ambassador Shauna Hemingway and regional business leaders on Wed. agreed on the need to boost her country's investments in the agro-industry sectors. The diplomat, who met with [...]Germany wants more trade, make bigger investments
Economy February 21, 2019 | 10:25 am
Berlin.- Foreign minister Miguel Vargas and his German counterpart Heiko Maas on Wed. announced joint cooperation on climate change, trade, investment, tourism, education and energy. During a meeti[...]Govt. paid US$12.2M to dam contractor, before debt spat
Economy February 21, 2019 | 9:03 am
Santo Domingo.- The dams and canals agency (Indrhi) on Wed. said on Feb. 11 and 13 it paid US$12.2 million (RD$626.3 million) to the consortium that builds the dam at Monte Grande, Barahona (south). [...]Business Environmental Support Network: incentives will spur reuse
Economy February 21, 2019 | 8:31 am
Santo Domingo.- The new president of the National Business Support for Environmental Protection Network (ECORED), proposed incentives through the bill for the Solid Waste Law now in Congress to spur t[...]Hapless Environment chief calls scientists ‘lazy bums’
Economy February 20, 2019 | 2:22 pm
Santo Domingo.- The Academy of Sciences of the Dominican Republic (ACRD) on Wed. said its members deserve respect, in response to Environment Minister, Ángel Estévez's assertion that environmentalis[...]Big business asks to save the beleaguered Electric Pact
Economy February 20, 2019 | 10:36 am
Santo Domingo.- The National Business Council (Conep) on Tues. called on the Government and the opposition to assume a commitment with the country's Electric Pact, whose signature had been set for tod[...]Dominican Rep. hosts 2 rival envoys from Venezuela
Economy February 20, 2019 | 9:17 am
Santo Domingo.- Venezuelan self-proclaimed president, Juan Guaidó, on Tues. appointed diplomats in several countries who recognize him as interim president, including opposition leaders. The congr[...]