Embassy to help young entrepreneurs export to Canada
Economy February 15, 2019 | 7:43 am
Santo Domingo. -The Canadian Embassy will support young entrepreneurs interested in exporting to that nation, which invests around US$7.0 billion in the country, its ambassador, Shauna Hemingway, affi[...]Customs lifts tax on supplements over confusion
Economy February 14, 2019 | 9:41 am
Santo Domingo.- The confusion over the ITBIS (VAT) tax levied on supplements in tablets, capsules or pills, has prompted the Customs Directorate to suspend the measure for now and called on the relate[...]Families received US$6.5B in remittances, a 9.8% jump
Economy February 14, 2019 | 8:13 am
Santo Domingo.- Families in the Dominican Republic received US$6.5 billion in remittances during 2018, according to preliminary figures from the Central Bank. The figures show that families receive[...]Environmental-business alliance presents new board
Economy February 13, 2019 | 11:40 am
Santo Domingo.- With the assistance of executives, officials and personalities of the organizations allied to ECORED, the new board of directors of that entity was sworn in for the 2019-2021 period, c[...]January prices fall -0.17% paced by transport
Economy February 13, 2019 | 10:07 am
Santo Domingo. - Dominican Republic's Central Bank on Wed. said consumer prices fell -0.17 in January paced by declines in Transportation (-1.54%) and Housing (-0.34%). It said however that highe[...]Electric Utility to add 2,025 MW in 2019
Economy February 13, 2019 | 8:51 am
Santo Domingo.- State Electric Utility (CDEEE) CEO, Rubén Jiménez Bichara, said Tues. that 2,025 new megawatts will be added to the national grid in 2019 and that there were 1,025 new megawatts as[...]Medina hosts business meetings in Rome
Economy February 13, 2019 | 8:23 am
Rome.- President Danilo Medina on Tues. met with executives from the Azienda Comunale Energia e Ambiente (ACEA), an Italian multiservice water and energy company, Govt. spokesman, said Roberto Rodríg[...]Customs-seized goods on auction include big ticket items
Economy February 12, 2019 | 3:35 pm
Santo Domingo. - Dominican Republic's Agribusiness Bourse (BARD), will on Thursday auction goods that have been seized by Customs. They include spares and parts of vehicles without the right to lic[...]Biggest Dominican bank grows 11.1% to US$8.48B
Economy February 12, 2019 | 1:02 pm
Santo Domingo.- Dominican Republic's biggest bank, Popular, on Tues. announced an "excellent performance" in fiscal year 2018, which helped develop the country's productive sectors. In a statemen[...]Govt. must exploit Dominican brains abroad: expert
Economy February 12, 2019 | 11:28 am
New York.- International affairs and diplomacy expert, Ramón Tallaj Ureña, on Mon. asked the Dominican government to take advantage of the resources of Dominicans abroad, from where they could bring[...]Medina off to Rome for talks on hunger, agriculture
Economy February 12, 2019 | 8:49 am
Santo Domingo.- President Danilo Medina departed Mon. night to Rome to take part in the 42nd session of the International Fund for Agricultural Development (IFAD), set for Thursday and Friday at hea[...]Despite wide rebuke Customs hikes tax on cell phones to 8%
Economy February 11, 2019 | 8:17 am
Santo Domingo.- The Customs agency on Sun. announced a tax increase from 3 to 8% on imported mobile communication equipment. It said the decision is based on Law 146-00 which allows Customs to char[...]American Airlines also scraps cash at second-busiest airport
Economy February 8, 2019 | 1:18 pm
Santo Domingo.- American Airlines on Fri. announced that as of February 18, it will discontinue cash transactions in its operations at Las Americas International Airport (AILA). "As of the indica[...]Agro chief predicts the country’s biggest garlic harvest
Economy February 8, 2019 | 12:48 pm
Constanza, Dominican Republic.- Agriculture minister Osmar Benítez on Fri. announced that in 2019 the Dominican Republic's garlic harvest will be the largest of the last 10 years, as evidenced by t[...]All fuel prices climb, except natural gas
Economy February 8, 2019 | 10:50 am
Santo Domingo.- The Industry and Commerce Ministry on Fri. posted the fuel prices for the week form Feb. 9 to 16, when premium gasoline will cost RD$214.60 per gallon, or RD$0.20 more and regular will[...]Industrialists: Safety must be a workplace condition
Economy February 8, 2019 | 8:28 am
Santo Domingo. - The Haina and South Region Industries Association (AIE Haina-Sur) on Thurs. hosted its first business breakfast to promote accident prevention in the workplace. "We are committed t[...]Land for Cable Car Line 2 declared eminent domain
Economy February 7, 2019 | 6:16 pm
Santo Domingo.- President Danilo Medina on Thurs. issued an executive order declaring eminent domain over a 14.3- kilometer strip of land in Santo Domingo province, to build Line 2 of the Santo Domi[...]Major power company reveals operational figures
Economy February 7, 2019 | 1:38 pm
Santo Domingo.- The power company EGE Haina) is the country's main public-private company in assets, investment and tax payments, the Caribbean leader in wind energy, and the largest private issuer [...]Official lists energy and mine projects; urges a look to China
Economy February 7, 2019 | 12:54 pm
Santo Domingo.- The Energy and Mines Ministry manages 44 projects -some in execution and others in design- and sophisticated technology to genetically manipulate food (GMO), which delays the maturity [...]Pact helps US companies invest in Dominican Republic
Economy February 7, 2019 | 10:31 am
Santo Domingo.- The governments of the United States and the Dominican Republic on Wed. agreed to facilitate the investments of US companies in the Caribbean country through the financial entity, Over[...]
