A busy agenda for China’s top diplomat
Economy September 21, 2018 | 1:29 pm
Santo Domingo.- China foreign minister, Wang Yi, arrived in the Dominican Republic Thursday on the first visit of a Beijing senior official to the Caribbean country since they established diplomatic[...]US Envoy lays out a plan, explains hasty recall
Economy September 21, 2018 | 12:50 pm
Santo Domingo.- United States ambassador, Robin Bernstein, said Thursday that she will work to strengthen bilateral cooperation in education, citizen security, trade and preparedness for natural disas[...]China’s top diplomat to open embassy in the Dominican Republic
Economy September 20, 2018 | 8:59 pm
Santo Domingo.- China Foreign Affairs Minister Wang Yi will arrive in the Dominican Republic Thur. evening and head the opening ceremony of Beijing's Embassy in the country, the Dominican Foreign Mini[...]Fitch affirms Dominican Republic at ‘BB-‘; outlook stable
Economy September 20, 2018 | 7:24 pm
Press Release New York.- Fitch Ratings has affirmed Dominican Republic's Long-Term, Foreign-Currency Issuer Default Rating (IDR) at 'BB-' with a Stable Outlook. A full list of rating actions is [...]Fitch rates biggest Dominican power plant ‘watch negative’
Economy September 20, 2018 | 5:54 pm
New York.- Fitch Ratings on Wed. said the country's biggest power plant, AES Andres, has been placed on Long-Term, Foreign-Currency Issuer Default Rating (IDR) of 'BB-' and its National Scale Long-T[...]Dominican Republic truckers to stage nationwide strike on Tues.
Economy September 20, 2018 | 3:10 pm
Santo Domingo.- Dominican Republic's biggest truckers union (Fenatrado) on Thurs. announced a nationwide walkout starting 6am next Tues., to protest spiraling fuel prices, which they say costs them hu[...]Hoteliers list needs to bolster tourism sector’s competitiveness
Bavaro & Punta Cana September 20, 2018 | 1:55 pm
Punta Cana.- The reimbursement of taxes levied on tourists, the creation of a technical unit to manage beaches in a sustainable manner, the promotion of beach regeneration projects and the revision [...]UK offers nearly US$1.0B to finance Dominican exporters
Economy September 20, 2018 | 12:55 pm
From the Foreign Ministry website: Santo Domingo.- Foreign Minister Miguel Vargas urged the productive sectors of the Dominican Republic to increase their business with Great Britain and Northern[...]Customs, Telecom pact ‘makes life easier for citizens’
Economy September 20, 2018 | 12:25 pm
Santo Domingo.- The Customs Directorate and the Dominican Telecom Institute (INDOTEL) on Wed. signed a memo by which the One Stop Foreign Trade Window (VUCE) will set a fixed service fee and improve t[...]IDB US$170.0M loans boost agroforestry, help teen girls
Economy September 20, 2018 | 11:43 am
Santo Domingo.- The Senate on Wednesday approved two loans from the Inter-American Development Bank (IDB) for US$170.0 million. The first loan, for US$150.0 million, would finance the Government's [...]Tourism exceeds 20% of the country’s GDP: top hotelier
Bavaro & Punta Cana September 19, 2018 | 7:14 pm
Punta Cana, Dominican Republic.- Dominican Hotels and Tourism Association (ASONAHORES) president Joel Santos on Wed. said tourism's presence in the economy is so deep and widespread that it needs to m[...]Sector continues to downplay electricity crunch
Economy September 19, 2018 | 3:48 pm
Santo Domingo.- Ten of the country's 20 major power plants are generating less energy than programmed by the sector, but officials and executives of the sector affirm that it has been compensated by e[...]Imports, lack of funds imperil garlic crop: growers
Economy September 19, 2018 | 1:01 pm
Constanaza, Dominican Republic.- Just as the planting of garlic is about to start, growers in Constanza (central), complain that imports continue, which they affirm is unfair competition that hinders [...]Dominican Republic leader to visit China in October
Economy September 19, 2018 | 11:25 am
Santo Domingo.- Foreign minister Miguel Vargas on Tues. announced that Dominican Republic president Danilo Medina is working to prepare an official visit to China in October. He said the trip wou[...]Perennial Central Banker confirmed again
Economy September 18, 2018 | 10:57 pm
Santo Domingo.- President Danilo Medina on Wed. confirmed Hector Valdez Albizu as Central Banker, through executive order 343-18, released on Tuesday. Clarissa de la Rocha was also confirmed as Deputy[...]Dollar ‘stable’ but peso slides toward 50-to-1
Economy September 18, 2018 | 3:26 pm
Santo Domingo.- Dominican Republic's Central Bank on Tues. said the exchange rate of the US dollar continues "stable" today against the Dominican peso. It said in the country's currency market the [...]Blame Govt. for power plant outage, but consumers pay
Economy September 18, 2018 | 12:43 pm
Santo Domingo.- The opposition Democracy Alliance (APD) party warned Mon. that the government aims to raise fuel prices, to compensate for the energy deficit once the AES Andrés power plant in Boca C[...]China’s top diplomat to visit the country on Wed.
Economy September 18, 2018 | 12:15 pm
Beijing.- Chinese Foreign minister Wang Yi will visit the Dominican Republic, Guyana and Suriname, the Chinese government on from Wed., Sept. 20 to Fri., the 23rd, according to Beijing, as reported [...]Dominican Republic’s agro ready for Russia market
Economy September 18, 2018 | 11:51 am
Moscow.- Russia's and Dominican Republic's Agriculture ministries will sign an agreement to approve sanitary practices that will make it easier for agro and livestock products of the Caribbean count[...]Major shipper joins construction of 100 MW wind farms at NW
Economy September 17, 2018 | 7:41 pm
Santo Domingo.- Shipping company Marítima Dominicana announced Mon. that it has joined the construction of the wind farms at Agua Clara and Guanillo (northwest). The company, leader in cargo and i[...]