Tax revenue topped US$8.6B in 2018, a 11.5% jump
Economy February 5, 2019 | 7:14 am
Santo Domingo.- The accumulated revenue of 2018 topped RD$430.6 billion (US$8.6 billion), or 11.5% higher than the same period in the previous year, and 100.9% of the estimated, Internal Taxes (DGII) [...]Bernstein visits biggest power company ; natural gas comple
Economy February 4, 2019 | 5:17 pm
United States ambassador Robin S. Bernstein visited the facilities of the AES energy complex at Andrés, Boca Chica on Monday, to learn about its innovative technology and also observe an offload of n[...]LA-based group looks to invest in Dominican film industry
Economy February 4, 2019 | 4:31 pm
Santo Doming.- The NYLA Media Group, based in Los Angeles, California, announced Mon. that it will invest in Dominican Republic's film industry, under the incentives of Law 108-10 on the cinema promot[...]Western Beltway to be finished ‘in the next few days’
Economy February 4, 2019 | 4:00 pm
San Juan DM, Dominican Republic.- The Public Works Ministry announced Monday that construction of the San Juan Beltway is already 95 percent completed and will be finished in the next few days and is [...]71 aviation pacts make DR LatAm transport leader
Economy February 4, 2019 | 12:09 pm
Santo Domingo.- The signing of 71 bilateral air agreements with as many countries places the Dominican Republic as leader in passenger and cargo transport in Latin America and the Caribbean, according[...]Icon developer meets upper-middle-class’ housing demand
Economy February 4, 2019 | 11:02 am
Santo Domingo.- Jointly with the country's housing deficit at all levels, the demand for luxury homes of over 185 square meters of construction in the cities also grows. One of the main reasons is [...]A peeved Medina scolds official on dam construction delay
Economy February 4, 2019 | 8:20 am
Santo Domingo.- President Danilo Medina was so peeved during a visit to the Monte Grande hydroelectric construction site that he scolded dams and canals agency (Indhri) director Olgo Fernández. Wh[...]US$2.1B Punta Catalina power plant starts output in 15 days
Economy February 4, 2019 | 7:26 am
Santo Domingo.- Presidency administrative minister, José Ramón Peralta, announced Sun. that the Punta Catalina power plant will start in test mode with 50 MW of power in 15 days and reach 200 MW bef[...]Dominican Gov. denies it renegotiates free trade pact
Economy February 1, 2019 | 3:55 pm
Santiago.- The Dominican Government on Fri. told the business sector that it won't in any way renegotiate the US, Central America, Dominican Republic Free Trade Agreement (DR-Cafta). Administrative[...]Three regions under severe drought
Economy February 1, 2019 | 1:26 pm
Santo Domingo.- The National Weather Office, ONAMET, on Thurs. declared the south, southwest and northwest regions in a state of severe drought as rainfall continues scarce in those zones. During 2[...]Fuel prices mixed; gasoline, natural gas unchanged
Economy February 1, 2019 | 12:10 pm
Santo Domingo.- The Industry and Commerce Ministry on Friday posted the fuel prices for the week from February 2 to 8, when premium gasoline will still cost RD$214.40 per gallon, and regular gasolin[...]Miami-based group snaps up 2 posh properties downtown
Economy February 1, 2019 | 10:40 am
Santo Domingo.- The commercial high rise Silver Sun Gallery and the Embassy Suites Hotel were acquired by the Miami-based HES Group, aimed at repositioning it and promoting business tourism in the cit[...]Dominican coffee: weaknesses, strengths and a dire warning
Economy February 1, 2019 | 8:49 am
Santo Domingo.- To identify the many opportunities and weaknesses of the Dominican coffee growers, the National Evangelical University -UNEV-, and the Faculty for Environment and Rural Development -[...]Export Bank US$20M in loans target SMEs
Economy February 1, 2019 | 8:29 am
Santo Domingo.- The National Export Bank (Bandex) on Thurs. announced that it seeks to lend RD$1.0 billion (US$20 million) to the export sector this year, with the SMEs account for the bulk of its cus[...]Euro 30 million to help the Caribbean enhance climate resilience and adaptation
Economy January 31, 2019 | 12:28 pm
Press Release BRUSSELS, January 31, 2019─The European Union (EU) has signed two agreements with the World Bank’s (WB) Global Facility for Disaster Reduction and Recovery (GFDRR) to provide fund[...]Computer crash unleashes chaos at major toll plaza
Economy January 31, 2019 | 12:11 pm
Santo Domingo.- A crash of the toll collection system at Las Américas highway unleashed chaos and a traffic jam longer than an hour-and-a half for motorists headed to the eastern part of the country.[...]Central region rice growers are happy with the President
Economy January 30, 2019 | 4:32 pm
Santo Domingo.- The demand for more machinery and technological resources which rice sector representatives have been making since 2012, has been complied with by the government, prompting growers to [...]Spanish, Dominican leaders pact stronger ties
Economy January 30, 2019 | 10:34 am
Santo Domingo.- The presidents of Spain, Pedro Sánchez, and of the Dominican Republic, Danilo Medina, on Tues. agreed on a Joint Work Group to promote trade, investments and the productive chain. [...]The fruits of ties: China donates over 40 fire engines
Economy January 30, 2019 | 8:54 am
Santo Domingo.- The Government of China on Tues. delivered over 40 fire engines and four containers to the Dominican Government, at San Isidro Airbase in Santo Domingo Este. China ambassador Zhan[...]Fuel dispatch slows as Refinery supplies Haiti demand: report
Economy January 29, 2019 | 3:55 pm
Santo Domingo.- The time it takes the tankers to fill up with fuel has been delayed amid controls from the Dominican Petroleum Refinery PDV (Refidomsa) in response to the demand by the distribution co[...]