Dominican Republic confirms presence of natural gas
Economy December 10, 2018 | 4:48 pm
Villa Tapia, Dominican Republic.- The Energy and Mines Ministry on Mon. confirmed a release presumably of natural gas in Villa Tapia, Hermanas Mirabal province (northeast), and said it will conduct ge[...]38,516 metric tons of coal arrive for Punta Catalina Power Plant
Economy December 10, 2018 | 1:41 pm
Santo Domingo.- The CEO of the State Electric Utility (CDEEE) on Mon. said the first 38,516 metric tons of coal that will be used to synchronize and test the first unit of the Punta Catalina Power Pla[...]Biggest brewery fined nearly US$1.0M on antitrust violations
Economy December 10, 2018 | 12:50 pm
Santo Domingo.- The Competition Defense Commission (Pro Competition) on Mon. announced a RD$46.3 million (US$926,000.0) fine against the Dominican National Brewery (CND) for "abuse" of its dominant [...]‘Shadow toll,’ lack of overpasses stymie Samana highway
Economy December 10, 2018 | 12:14 pm
Santo Domingo.- The exorbitant "shadow toll" with which the Dominican State has to subsidize the cost for the Santo Domingo-Samana highway has drawn rebuke from various sectors that demand the cance[...]New US$15-per-hour wage benefits Dominicans in NY
Economy December 10, 2018 | 9:48 am
New York.- Thousands of Dominicans who work in the numerous businesses in the state will benefit from the recently-approved US$15-per-hour minimum wage, which will take effect on December 31. Emplo[...]Govt. to finance ecological rice in NW
Economy December 10, 2018 | 8:47 am
Montecristi, Dominican Republic.- President Danilo Medina on Sunday pledged government's support to 200 growers at Mata de Santa Cruz (norhwest) to improve yield and market ecologically sustainable ri[...]Nearly US$1.0B in investments ‘underway’ to Dominican Rep.
Economy December 7, 2018 | 4:42 pm
Santo Domingo.- United States ambassador, Robin Bernstein, on Fri. announced that American businesses are interested in investing nearly US$1.0 billion in the Dominican Republic, noting that contact[...]Natural gas stays put, all other fuels fall a 6th straight week
Economy December 7, 2018 | 10:43 am
Santo Domingo.- The Industry and Commerce Ministry posted the fuel prices during the week of December 8 to 14, when premium gasoline will be sold at RD$214.70 per gallon, or RD$2.10 lower; regular gas[...]Securities market to post US$52.0B in trades by year end
Economy December 7, 2018 | 7:51 am
Santo Domingo.- Securities superintendent Gabriel Castro revealed Thurs. that the sector will have posted US$52.0 billion in trades by year end, or US$5.5 billion more than last year . He said [...]Time to formalize trade with Haiti, Foreign Minister says
Economy December 6, 2018 | 11:01 am
Santo Domingo.- Dominican Republic.- Foreign minister Miguel Vargas announced Wed. that the Government has long sought to formalize a trade agreement with Haiti and eliminate the hurdles and irregular[...]Sugar oligopoly could spook investments from the country
Economy December 6, 2018 | 8:38 am
Santo Domingo..- Industrialists warn that as many as seven companies could withdraw their investment from the country over the high cost of sugar caused by an alleged oligopoly in that industry. Th[...]Medina meets with head of US govt. financial agency
Economy December 5, 2018 | 4:02 pm
Santo Domingo.- President Danilo Medina on Wed. met in the National Palace with Ray W. Washburne, president of the Overseas Private Investment Corporation (OPIC), a US govt. agency that helps American[...]Biggest bank wins prestigious magazine’s top prize
Economy December 5, 2018 | 8:57 am
Santo Domingo.- Dominican Republic's biggest b bank, Popular, on Tues. won The Banker magazine's bank of the year prize for the 11th occasion in which the financial publication selects the entity for [...]Approved Budget of US$18.4B taps 45% for social services
Economy December 5, 2018 | 8:33 am
Santo Domingo.- The Senate on Tues. approved the 2019 Budget of RD$921.8 billion(US$18.4 billion), which includes current expenditure of RD$643.9 billion and capital expenditure of RD$121.5 billion. [...]New loan would push emergency contingency fund to US$450.0M
Economy December 5, 2018 | 7:25 am
Santo Domingo.- The Executive Branch on Tues. submitted to the Senate a new loan of US$300.0 million with the Inter-American Development Bank (IDB) as a contingency fund for emergencies caused by natu[...]Financial heavy hitters mull ways to access Pension Fund
Economy December 4, 2018 | 3:23 pm
Santo Domingo.-Ten institutions on Tues. signed an agreement to identify financing projects to develop Dominican Republic's industrial and productive activity, housing, infrastructure, energy, develop[...]Company to bring 145MW floating power plant
Economy December 4, 2018 | 11:02 am
Santo Domingo.- Transcontinental Capital, an energy producer, and a subsidiary of Seaboard Corporation has awarded a contract for the barge-mounted floating power plant in the Dominican Republic, join[...]Curaçao-Dominican ‘complementarity’ pact looks to spur trade
Economy December 3, 2018 | 3:49 pm
Santo Domingo. - Dominican Foreign minister, Miguel Vargas, and Curacao Economy minister Iván Steven Martina, on Monday signed a Partial Scope Agreement, which aims to create a mechanism to spur trad[...]Chinese, Dominican business leaders in ‘milestone’ visits
Economy December 3, 2018 | 3:25 pm
Santo Domingo.- The first programmed delegation of Chinese business leaders visits the Dominican Republic where they attend meetings with Dominican counterparts looking to obtain domestics products su[...]Envoys, business leaders to speak on Commonwealth countries’ potentials
Economy December 3, 2018 | 12:53 pm
Santo Domingo.- Five ambassadors, three officials of the export sector and two presidents of chambers of commerce will be panelists and moderators in the "First Potential Economic and Trade Seminar of[...]