Utility owes power companies US$600M; Punta Catalina tests start in Feb.
Economy January 24, 2019 | 4:59 pm
Santo Domingo.- State Electric Utility (CDEEE) CEO Rubén Jiménez Bichara, revealed Thurs. that suppliers are owed around US$600 million and that they expect to reach a payment agreement next week. [...]CEMEX taps new president in the Dominican Republic
Economy January 23, 2019 | 12:34 pm
Santo Domingo.- José Antonio Cabrera will assume starting Feb. 1, the CEMEX presidency for the Dominican Republic, Puerto Rico and Haiti, replacing Alejandro Ramírez Cantú, who was appointed pres[...]Bird flu outbreak: a veil of secrecy shrouds poultry producers
Economy January 23, 2019 | 8:54 am
Santo Domingo.- A veil of secrecy has shrouded Dominican Republic's poultry producers over the outbreak of bird flu detected in northern Espaillat province, on fear of stating a position after Agricul[...]Dominican Republic’s biggest bank finances tourism with US$800M
Economy January 23, 2019 | 7:44 am
Madrid.- Dominican Republic's biggest bank group, Popular on Tues. said it remains committed to tourism, as evidenced by its financing that exceeds RD$ 40.0 billion (US$800 million) for the sector in [...]US$6.9M+ organic pineapple plantation eyes sales on Amazon
Economy January 22, 2019 | 3:06 pm
Santo Domingo.- Agriculture minister Osmar Benítez on Tues. said the company Shared-X Impact Farm of the Las Carolinas Free Zone Park is installing an organic pineapple plantation in eastern Monte [...]US think tank, Central Bank talk cybersecurity
Economy January 22, 2019 | 10:56 am
Santo Domingo.- Dominican central banker Héctor Valdez Albizu met with a group of specialists from the William J. Perry Hemispheric Defense Studies Center, assigned to the National Defense Universi[...]Automated dollar sales start in March
Economy January 22, 2019 | 8:58 am
Santo Domingo.- Central Bank treasurer Yamileth García de Kunhart on Fri. said the tests on the automated platform to sell foreign currency will begin in March, with which they expect to avoid duplic[...]Copper-zinc mine eyes US$2.0B+ income per year
Economy January 18, 2019 | 3:26 pm
Maimon, Dominican Republic.- The new Cerro Maimón subsurface mine will export around 20,000 tons of copper and zinc per year to Europe and Asia, or double its exports with the open pit mine. Cormi[...]Most fuel prices rise again; natural gas unchanged
Economy January 18, 2019 | 10:59 am
Santo Domingo.- The Industry and Commerce Ministry on Friday posted the fuel prices for the week from January 19 to 25, when premium gasoline will cost RD$211.90 per gallon, increasing RD$3.50, and re[...]Business sector is willing to raise salaries but…
Economy January 18, 2019 | 8:17 am
Santo Domingo.- The business sector is willing to embark on a three-way dialogue when the National Salary Committee convene the parties to review the salary this year, but National Council (Conep) vic[...]Court orders State to pay US$10.3M for lands of Las Americas Airport
Economy January 17, 2019 | 3:46 pm
Santo Domingo.- The Superior Administrative Court (TSA) on Thurs. ordered the State to pay RD$515.3 million (US$10.3 million) for part of the lands of Las Americas International Airport that had been [...]Medina welcomes six new ambassadors
Economy January 17, 2019 | 12:31 pm
Santo Domingo.- President Danilo Medina on Thursday received the credentials of six new ambassadors in the country from the France, Colombia, Argentina, Cuba, Kuwait and South Africa. Didier Lopi[...]Avocado farm thrives in a tucked-away corner of the border
Economy January 17, 2019 | 11:13 am
Elias Piña, Dominican Republic.- Just 20 kilometers from the Haiti border over one million avocado trees are being nurtured so their fruits can reach the big supermarkets in the United States. The[...]Utility CEO: electric sector deficit reached US$665M in 2018
Economy January 17, 2019 | 9:56 am
Santo Domingo.- State Electric Utility (CDEEE) CEO Rubén Jiménez Bichara, affirmed Wed. that the electric sector deficit surpassed US$500 million in 2018 and reached US$665 million. He said the[...]Dominican Republic port projects full steam ahead
Economy January 17, 2019 | 8:00 am
Santo Domingo.- For the third time in as many days president Danilo Medina's agenda was headed by ports, when on Wednesday called on various senior officials and international experts to discuss t[...]Good and bad news out of Valle Nuevo
Economy January 16, 2019 | 8:24 am
Cosntanza, Dominican Republic.- While it is true that the northern area of Valle Nuevo National Park after being evicted farmers, has been reforested and protected, the landscape of the souther[...]Over 210,000 Dominicans live in the US irregularly: economist
Economy January 14, 2019 | 4:26 pm
Santo Domino.- There are over 210,000 Dominicans living irregularly in the US as of 2016, the Dominican NGO Organization Social Justice Center (DOCESJ) president Frank Valenzuela revealed Mon. The [...]A Punta Cana resort reaches solar energy milestone
Economy January 14, 2019 | 12:41 pm
Punta Cana, Dominican Republic.- The Punta Cana-Macao Energy Consortium, S.A. (CEPM) on Mon. signed a contract to supply, for the first time, energy from a solar (photovoltaic) source to a hotel com[...]DR-CAFTA’s 14 years: trade deficit, investment climb, exports fall
Economy January 14, 2019 | 9:12 am
Santo Domingo.- The Dominican Republic hasn’t achieved a favorable trade balance with the United States after the Free Trade Agreement (DR-CAFTA), since instead of increasing, the country's exports [...]Gov. wants Venezuela’s 49% stake in Dominican Republic’s only refinery
Economy January 12, 2019 | 10:29 am
Santo Domingo.-Last December the Dominican Govt. initiated negotiations to buy the 49% stake held by PDV Caribe, subsidiary of Venezuela's State-owned PDVSA, in the Dominican Petroleum Refinery (Refid[...]