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[...]Medina cuts ribbon on ‘most modern’ Santo Domingo Heliport
Economy January 11, 2019 | 4:08 pm
Santo Domingo.- President Danilo Medina on Friday cut the ribbon for the Santo Domingo Heliport, built at a cost of RD$45,108 , on the seaside Malecon with Núñez de Cáceres Av. in the Capital. A[...]Most fuel prices climb after a 17-week slide
Economy January 11, 2019 | 11:04 am
Santo Domingo.- The Industry and Commerce Ministry on Fri. posted higher fuel prices for the week from January 12 to 18, after a 17-week slide. Premium gasoline will cost RD$208.40 per gallon, an[...]Farms to use treatment plant’s organic fertilizer
Economy January 11, 2019 | 10:00 am
Santo Domingo.- The organic fertilizer produced by a treatment plant in the capital, which will start operating midyear, will be used for farm production, according to Santo Domingo Aqueduct Utility ([...]Outspoken business leader hints at embracing politics
Economy January 11, 2019 | 9:38 am
Santo Domingo.- Former Herrera Industries Association (ANEIH) president Antonio Taveras on Thurs. announced that he'll confront and "say no" to corrupt politicians and small elites that from the State[...]Agencies will protect the plant and animal quarantine system jointly
Economy January 10, 2019 | 4:15 pm
Santo Domingo.- The Defense and Agriculture ministries and Customs on Thurs. will jointly protect the plant and animal quarantine system from the "agricultural elements of risk" in the Dominican terri[...]Top official denies ruffled feathers in US-DR ties
Economy January 10, 2019 | 3:54 pm
Santo Domingo.- Administrative minister, José Ramón Peralta, affirmed Thursday that diplomatic relations between the Dominican and US governments are currently in an excellent moment. He said "a [...]Customs 2018 revenue jumps 18.89% to US$2.6B
Economy January 10, 2019 | 1:31 pm
Santo Domingo.- Dominican Customs collected more than RD$137.1 billion in 2018 (US$2.6 billion), a 18.89% jump over 2017, the Customs Directorate reported Thurs. According to the report, the figure[...]Govt. announces tender for Santo Domingo’s 2nd cable car line
Economy January 10, 2019 | 11:51 am
Santo Domingo.- The government on Thurs. announced a tender to design, build, assemble and launch Santo Domingo's second cable car line, which will span around five kilometer to the Los Alcarrizos sub[...]Trump may push Dominican Republic out of free trade pact: report
Economy January 10, 2019 | 10:03 am
Santo Domingo.- Amid the hopes of some Dominican officials and business leaders to revise the United States-Central America-Dominican Republic Free Trade Agreement (Cafta-DR) to reap additional advant[...]Dominican Republic free zone exports jump 9.8% to US$6.3B
Economy January 10, 2019 | 7:45 am
Santo Domingo.- Dominican Republic's free zones sector was posted exports worth US$6.3 billion during 2018, a 9.8 percent jump compared with 2017, according to Central Bank figures on the economy's pe[...]Agro chief paints a picture of bounty
Economy January 9, 2019 | 4:01 pm
Santo Domingo.- Agriculture minister Osmar Benítez said Wed that the country is fully planted with various crops, with the support, promotion and sponsorship of that and other government agencies. [...]Dominican economy to grow 5.1% in 2019: World Bank
Economy January 9, 2019 | 11:06 am
Washington DC.- The World Bank on Tuesday said that economic growth in Latin America and the Caribbean will go from 0.6 in 2018 to 1.7% this year, but warned that the regional economy faces a slump in[...]Lawmaker says 3 US companies want to invest in renewables
Economy January 9, 2019 | 9:09 am
Santo Domingo.- Azua province senator Rafael Calderón on Tuesday said three transnational's have stated an interest in investing in renewables, one of which already has land in the southern part of t[...]Biggest Dominican bank again tapped as best online
Economy January 9, 2019 | 8:42 am
Santo Domingo.- Banco Popular Dominicano and its Popular App were distinguished, for the second straight year, as Dominican Republic's best online bank in 2018, and also boasts the best mobile financi[...]Remittances jump 10.4% to US$6.5B in 2018: Central Bank
Economy January 8, 2019 | 3:19 pm
Santo Domingo.- Preliminary data from Dominican Republic's Central Bank on Tuesday reveal a robust and sustained economic performance during 2018. It said the country received US$6.5 billion in rem[...]Govt. says gas found in central region is biogenic
Economy January 8, 2019 | 12:37 pm
Santo Domingo.- The Energy and Mines Ministry on Tues. said that studies of the gas release at Villa Tapia (central) conducted by Weatherford International laboratory in Illinois, and analyzes by the [...]170,000 autos fail to renew tags; face the tow truck
Economy January 8, 2019 | 11:25 am
Santo Domingo.- The Internal Taxes Directorate (DGII) on Mon. said around 170,000 vehicles - or 13% of the total- failed to renew their tag registration sticker within the deadline established by auth[...]Barrick lays off 241 workers after talks with Randgold: Union
Economy January 8, 2019 | 10:54 am
Santo Domingo.- Since last October 241 employees of the miner Barrick Pueblo Viejo have been laid off, the company's workers union affirmed Monday, and showed Labor Ministry certifications to back the[...]