Private interests in State projects could get 30-year tax breaks
Economy January 8, 2019 | 8:17 am
Santo Domingo.- The private interests that might enter into a joint project with the State could benefit from a "temporary exemption" of the ITBIS Tax (VAT) in the purchase or rental of equipment, mat[...]Dominican Republic to sell stake of power plant in scandal
Economy January 8, 2019 | 7:39 am
Santo Domingo.- The start of operations of the Punta Catalina plant's first unit is set for the end of February, while the government moves forward with plans to sell part of the property. The Fina[...]Yearend money in the hands of shoppers soars to US$726.8M
Economy January 7, 2019 | 3:42 pm
Santo Domingo.- As of last December 31 the money in the hands of the public soared to RD$363.4 billion (US$726.8 million), for an increase in cash of over RD$29.0 billion, taking only the movement of [...]Avoid a RD$1,500 surcharge; renew auto tag sticker today
Economy January 7, 2019 | 11:23 am
Santo Domingo.- As of yesterday Sunday 83% of the country's vehicles had renewed their windshield sticker, the Internal Taxes Directorate (DGII) reports. The deadline to renew without s surcharge ex[...]Biggest brewery must hand over antitrust fix by Wednesday
Economy January 7, 2019 | 10:11 am
Santo Domingo- The Dominican National Brewery (CND) was served a subpoena with a deadline Wednesday to hand over to the regulatory agency its proposal to eliminate the antitrust practices in the produ[...]Local construction giant, China’s top builder pact eyes major infrastructure
Economy January 7, 2019 | 9:08 am
Punta Cana, Dominican Republic.- Sinercon construction company on Fri. announced an agreement with China Construction America, to promote and build major infrastructure works and real estate projects [...]Unprecedented: The country achieves record international reserves of US $ 7.6 billion
Economy January 4, 2019 | 1:53 pm
International reserves have reached an unprecedented level in the economic history of the Dominican Republic, reaching US $ 7.6 billion, taking out free zones, according to the latest official data. [...]Fuel prices
Economy January 4, 2019 | 12:35 pm
Santo Domingo.- Prices for the week of January 5 to 11, 2019, according to a resolution of the Ministry of Industry, Commerce, and Mipymes: Premium gasoline would be sold at RD $ 205.50 per gallon,[...]Former Central Banker: economic growth in 2018 was only 3.7%
Economy January 4, 2019 | 8:28 am
SANTO DOMINGO, Dominican Republic.- The economist Guillermo Caram affirmed on Thursday that the Dominican Republic's economic growth consisted of 3.7% and not 7% as announced by the Central Bank[...]Medina trusts that 2019 will be an economically and socially positive year
Economy January 2, 2019 | 10:20 am
President Danilo Medina sent a message of congratulations to his compatriots on the occasion of the New Year and trusted that 2019 will be positive both economically and socially. "Let's keep alive[...]The dollar remains stable against the Dominican peso at the end of 2018, according to Central Bank
Economy December 31, 2018 | 3:28 pm
According to the Central Bank, on average, the dollar is sold today at RD $ 50.25 and is paid to the public at RD $ 50.18. Santo Domingo, Dec 31 (EFE) .- The dollar remained stable today against th[...]Fuel prices continue to fall: gasoline drops RD $ 3.40
Economy December 28, 2018 | 11:52 am
The two types of gasoline will decrease to RD $ 3.40 and optimal diesel RD $ 3.70 for the week of December 29, 2018, to January 4, 2019, according to the resolution of the Ministry of Industry, Commer[...]Fires cause losses of nearly RD $ 10 billion
Economy December 28, 2018 | 10:18 am
SANTO DOMINGO.- Fires have become the main enemy of the business sector in the last two years, to the point that 15 companies were wholly or partially destroyed, according to press reports. These f[...]Growth of Dominican economy will pass 7%
Economy December 28, 2018 | 9:05 am
The governor of the Central Bank, Hector Valdez Albizu, reported that the monthly indicator of economic activity (IMAE) reveals that the Dominican economy is closing this year 2018 with a 7% growth in[...]The Government of China authorizes the entry of Dominican rum into its market
Economy December 27, 2018 | 7:44 pm
The Government of the People's Republic of China accepted the entry of Dominican rum into that market. The decision was adopted by the Asian giant earlier this month. The authorization of the ex[...]Government sets 2019 target on work intensity
Business & Pleasure December 27, 2018 | 11:52 am
The administrative minister of the Presidency, José Ramón Peralta, affirmed that the primary purpose of the Government throughout 2019 will be to maintain the intensity of work to continue offering [...]Circuits 24 hours A hope of light in the communities
Economy December 27, 2018 | 8:30 am
"Since they put the neighborhood on 24-hour circuits, things have changed here, I do not have to turn on the generator to service a client, nor do I have to go without sleep because the light did not [...]Fernando González Nicolás proposes biodegradation of plastics as a solution to pollution
Economy December 26, 2018 | 1:48 pm
The president of the Round Table of the Countries of the Commonwealth in the Dominican Republic, Fernando González Nicolás, today proposed the use of technology in the biodegradation of plastics as [...]Minister of Tourism: Puerto Plata’s moment has arrived
Economy December 26, 2018 | 12:50 pm
The Minister of Tourism, Francisco Javier García said that this moment has arrived for this destination on the north coast of the country, an affirmation evidenced in the numerous vital investments m[...]Tourism Ministry to build health networks in coastal towns: official
Economy December 26, 2018 | 11:24 am
The General Director of the Aqueducts and Sewers Corporation of Puerto Plata (CORAAPPLATA), engineer José Onésimo Reyes Peralta, announced that the Ministry of Tourism has planned to build the healt[...]