Power plant of scandal starts with 200MW output by Feb.
Economy November 30, 2018 | 7:34 am
Santiago.- State Electric Utility (CDEEE) CEO Rubén Jiménez Bichara affirmed Thurs. that the Punta Catalina power plant will enter operation no later than next February. "The plant must be operat[...]Chinese eye ambitious investments in Dominican Republic
Economy November 29, 2018 | 4:25 pm
Santo Domingo.- To promote more jobs Chinese and investments in the Dominican Republic, businessmen from both countries signed an alliance to develop economic cooperation, technology transfer, innovat[...]Utility blames power shortage on fuel crunch, maintenance
Economy November 29, 2018 | 8:47 am
Santo Domingo.- State Electric Utility (Cdeee) PR Esteban Delgado on Wed. said that 100 of the 300MW of the San Pedro Power Company are out of service for scheduled maintenance. Quoted by El DÍa, [...]In apparent reprisal for strike Gov. to tender bus routes
Economy November 28, 2018 | 4:24 pm
Santo Domingo.- In an apparent reprisal for Tuesday's passenger transport strike by the major bus union Fenatrano, the government's transit authority ((INTRANT) on Wed. announced it will tender seve[...]Public Works finishes 96 kilometers of roads in Northwest
Economy November 28, 2018 | 3:39 pm
Santiago.- The Public Works Ministry has finished the construction and reconstruction of 96 kilometers of roads in three of the four provinces of the Northwest. Deputy minister Ramón Pepín said t[...]Taxman says collections to Oct. jump 12% to US$40.0M
Economy November 28, 2018 | 1:54 pm
Santo Domingo.- Internal Taxes (DGII) director Magín Díaz announced Wed. that to the end of October collections jumped to RD$2.0 billion (US$40.0 million) or 12% over last year, and RD$200.0 milli[...]Steel mill wins Dominican exporters’ top award
Economy November 28, 2018 | 11:37 am
Santo Domingo.- The Dominican Exporters Association (ADOEXPO) in a Tues. night gala hosted its 32nd annual awards, held at the Jaragua hotel, where the highest "Exporter of the Year" prize going to th[...]Puerto Plata, first Dominican Recycling Province
Economy November 28, 2018 | 10:04 am
Puerto Plata, Dominican Republic.- A group of regional personalities headed by Rosa María García, Kitty Heinsen and Misión Joven on Tues. launched the Puerto Plata Recicla program, which seeks to t[...]Mogul heaps praise on Medina; tourism income tops US$39.5B in 6 years
Economy November 28, 2018 | 9:01 am
Santo Domingo.- Dominican Republic's in income from tourism in Central America and the Caribbean , with revenue of US$39.5 billion in the last six years, according to Govt. figures provided Tues. af[...]Biggest auto fair boasts 6.5% rates; hybrids
Economy November 27, 2018 | 3:25 pm
Santo Domingo.- The 23rd annual auto fair Autoferia Popular will offer the most competitive financing plans to purchase vehicles in the market, with fixed rates of 6.5% at 6 months; 7.9% one year; 8.9[...]Expert explains ‘brouhaha’ over chicken prices
Economy November 27, 2018 | 9:32 am
Santo Domingo.- The price of chicken is returning to their previous levels, poultry consultant Enriquillo Rivas affirmed Mon., noting that the in-farm pound of live birds went down to RD$16.00 three m[...]Official calls mining sector hypocrisy ‘blackmail’
Economy November 26, 2018 | 9:58 am
Santo Domingo.- "We must break with the populism of two or three people, who for political and ideological reasons have declared war on mining in the Dominican Republic. Politicians of many years, who[...]A first, zoning for the Dominican Capital
Economy November 26, 2018 | 9:27 am
Santo Domingo.- The Dominican Capital will have a Territorial Zoning Plan for the first time, prepared by the National District City Council with the support of the of the US Embassy, the Bloomberg Fo[...]Foreign Minister shows United Arab Emirates where to invest
Economy November 26, 2018 | 8:43 am
Dubai.- Dominican Foreign minister, Miguel Vargas, on Sunday said sectors in his country such as renewable energy, agriculture and mining are "interesting options for investment" in the United Arab [...]Central Banker: foreign currency income will be US$30.0B
Economy November 26, 2018 | 7:46 am
Santo Domingo.- Dominican Central banker Héctor Valdez Albizu, on Fri. praised the performance of the Dominican economy during 2018, when he predicts that the country would post a yearend growth of a[...]Most fuel prices fall a 4th straight week
Economy November 23, 2018 | 11:11 am
Santo Domingo.- The Industry and Commerce Ministry on Fri. posted the fuel prices for the week from November 24 to 30, when premium gasoline drops RD$4.80, to RD$219.80, while regular gasoline falls R[...]Natural gas’ pluses reach Bávaro, Punta Cana
Economy November 23, 2018 | 9:16 am
Press Release Santo Domingo.- The companies AES Dominicana and the Punta Cana Macao Energy Consortium -CEPM- on Thurs. announced an agreement, through which AES will supply annually around 3.6 TBTU[...]Gov. wants only sustainable larimar and ambar mining
Economy November 23, 2018 | 8:48 am
Barahona, Dominican Republic.- Energy and Mines minister Antonio Isa Conde on Thurs. promised to promote environment-friendly, social and economic-sustainable larimar and ambar mining, to create a v[...]No black Friday flimflams, official warns
Economy November 22, 2018 | 5:46 pm
Santo Domingo.- Consumer Rights (Pro Consumidor) director Anina Del Castillo on Thursday warned store owners to honor their offers on the Black Friday and holiday season shopping craze. In a pres[...]2018 Budget to reach US$16.6B with bonds
Economy November 22, 2018 | 8:23 am
Santo Domingo.- The Executive Branch on Wed. submitted to Congress a supplementary RD$7.6 billion for the 2018 Budget of RD$24.96 billion, which includes bonds or bank credit in the local market, on t[...]