Brace for oil price hike shock, economist warns
Economy May 15, 2018 | 1:29 pm
Santo Domingo.- Economy professor Antonio Ciriaco on Mon. warned that the Dominican government has little wiggle room to deal with a shock that can be unleashed by an even more pronounced increase in [...]Insurance market grew 19.03% in 1Q; net premiums US$274.0M
Economy May 15, 2018 | 12:24 pm
Santo Domingo..- Insurance superintendent Euclides Gutiérrez Félix on Monday said the Dominican insurance market grew 19.03 percent in the first quarter, with net premiums of RD$13.7 billion (US$274[...]After Qatar, Dominicans can also visit Brazil without a visa
Economy May 15, 2018 | 11:53 am
Brasilia.- Foreign minister Miguel Vargas, on Monday signed six agreements with Brazil counterpart Marcos Bezerra Abbott Galvão, which includes the suppression of tourism and business visas. The a[...]Dominican Republic telecom wants to de-merge rivals
Economy May 14, 2018 | 8:13 pm
Santo Domingo.- The telecom Viva on Monday asked the Dominican telecom overseer Indotel to order the separation of the assets of rivals Altice and Tricom, alleging that the deadline to comply with the[...]Over 400 agro producers to benefit from USDA program
Economy May 14, 2018 | 2:10 pm
Press Release Santo Domingo.- More than 400 producers and close to 10,000 people linked to the export sector were favored with the program "Strengthening the Marketing Capabilities of Agricultural [...]AES, Barrick strike a 10-year natural gas supply deal
Economy May 14, 2018 | 12:02 pm
Santo Domingo.- The companies AES Andrés, subsidiary of the AES Corp. and Barrick Pueblo Viejo, announced the signing of a 10-year natural gas supply agreement, which will lower the operating costs o[...]Securities chief says Dominican Republic IPOs coming soon
Economy May 11, 2018 | 6:10 pm
Santo Domingo.- Securities superintendent, Gabriel Castro, on Friday said the debt market's development has continued its sustained growth and greater dynamism. "We have approved four new public of[...]New Agro Minister’s priority: animal, plant and food safety
Economy May 11, 2018 | 5:16 pm
Santo Domingo.- The new Agriculture minister, Osmar Benítez, on Fri. said his priority is to safeguard and strengthen health programs such as animal, plant and food safety, to guarantee the health of[...]Prices climb 4.05% in the last 12 months, paced by oil
Economy May 11, 2018 | 12:30 pm
Santo Domingo.- Inflation has climbed at a faster pace during the last 12 months, after the inter-annual rate closed at 4.05%, measured from April 2017 to the same month this year, according to data p[...]Pension fund: workers get the bone, Administrators get the meat
Economy May 10, 2018 | 5:13 pm
Santo Domingo.- The Juan Bosch Foundation on Thurs. questioned that the Social Security System's main beneficiaries are the Pension Fund Administrators (PFA) and affirmed that they had netted profits [...]Social Security marks 17 years with a US$14.6B nest egg
Economy May 10, 2018 | 2:05 pm
Santo Domingo.- The Dominican Social Security System (SDSS) marks its 17th year with of 7.6 million affiliated Dominicans covered with a health service. moreover, the system has accumulated around [...]A tax reform is better done in times of bounty: World Bank
Economy May 10, 2018 | 11:51 am
Santo Domingo.- Given the need that several international organizations, economists and Dominican business associations have raised, to have a plan to prevent the country from falling into fiscal unsu[...]Politics weigh in Dominican Republic cabinet shuffle
Economy May 10, 2018 | 11:13 am
New ministers in Environment, Agriculture, Public Health, Culture Santo Domingo- President Danilo Medina Wed. night appointed Angel Estévez as Minister of the Environment, Osmar Benítez in Agri[...]Puerto Rican, US-Dominican lawmakers want tariff-free steel
Economy May 9, 2018 | 4:46 pm
San Juan.- Puerto Rico's representative in the US House of Representatives, Jenniffer González, and Dominican-born US congressman, Adriano Espaillat, on Wed. asked Washington to exempt steel from[...]Airports manager installs high-output solar panels at terminals
Economy May 9, 2018 | 4:06 pm
Santo Domingo.-- Airports management company Aerodom on Wed. announced the installation of solar panel parks of high-generation, interconnected systems in the country's airports, as part of its commit[...]Govt. to spend US$300.0M to improve Santo Domingo’s traffic
Economy May 9, 2018 | 2:15 pm
Santo Domingo- The Government looks to spend RD$15.0 billion (US$300 million) to improve traffic and transportation in Greater Santo Domingo starting this year and until 2020, and includes work on nin[...]Retail, industry the best investments, as US$3.9B show
Economy May 9, 2018 | 12:37 pm
Santo Domingo.- Industry and Commerce minister Nelson Toca Simó on Tues. said Dominican Republic's best sectors to invest in are retail and industry the best investments,with US$3.9 billion from 2010[...]As the IMF had warned, the price of oil rears its head
Economy May 9, 2018 | 12:14 pm
Santo Domingo.- One of the three situations that the International Monetary Fund (IMF) labeled as dangerous for the Dominican economy this year, is already being felt: The price of oil. I[...]Beijing: Medina’s visit to China will seal the deal
Economy May 8, 2018 | 7:08 pm
Santo Domingo.- China commercial attaché in the Dominican Republic, Fu Xionrong on Tuesday said her country prepares a state visit by president Danilo Medina, to sign a series of cooperation agreemen[...]Santiago’s top free zone hails ties with China
Economy May 8, 2018 | 4:05 pm
Santiago.- . Corporación Zona Franca de Santiago (CZFS) CEO Miguel A. Lama on Tues. called the government's decision to establish diplomatic ties with China a positive step in the exploration of pote[...]