Customs to require license for high-volume imports
Economy October 26, 2017 | 1:04 pm
Santo Domingo.- Starting Nov. 7, Customs will require the import license issued by Internal Taxes (DGII) for imports in quantities higher than allowed, on alcoholic beverages, tobacco and cigarettes t[...]Dominican Republic goes Digital
Economy October 26, 2017 | 11:57 am
Santo Domingo.- The government on Wed. night launched the program Digital Republic, which will offer new and better services with less red tape to the public. Presidency chief of staff Gustavo Mont[...]Free Zones export a record US$5.5B, create 160,000+ jobs
Economy October 25, 2017 | 8:01 pm
Santo Domingo.- Dominican Free Zones Association (ADOZONA) president Federico Domínguez on Wed. revealed that Dominican Republic reached a Free Zones exports record of US$5.5 billion last year, or 58[...]Dominican town bets on bamboo baseball bats
Economy October 25, 2017 | 7:40 pm
Santo Domingo.- Special Agricultural Development Fund (FEDA) director Casimiro Ramos on Wed. said bats made of bamboo will be produced for the national market and for export, which he called a signifi[...]Official’s push to release bank reserve buoys big business
Economy October 25, 2017 | 1:01 pm
Santo Domingo.- The business and financial sectors are upbeat with the Central Bank's announced request for the release of the bank reserve to fund loans "to any sector." The presidents National Bu[...]Construction on 3rd stretch of Santo Domingo Beltway starts Nov.
Economy October 24, 2017 | 7:31 pm
Santo Domingo.- Public Works minister, Gonzalo Castillo, said Tuesday the construction of the third stretch of the Santo Domingo Beltway will start in November. He said the span from Villa Mella [...]Taiwan leader invites Dominican par as Taipei sees ties teeter: Efe
Economy October 24, 2017 | 5:29 pm
Taipei.- Taiwan president Tsai Ing-wen on Monday invited Dominican Republic counterpart Danilo Medina to visit the island nation, during a meeting in Taipei with Dominican Defense minister Rubén Dar[...]Environment chief ‘arrogant’ on parrotfish ban: Puerto Plata fishermen
Economy October 24, 2017 | 4:02 pm
Puerto Plata.- The Fishing Boat Owners Association of Puerto Plata on Tues. accused Environment minister Francisco Domínguez of harming the fishing industry, which they say accounts for over 10,000 j[...]Medina taps moguls for Competitiveness Council
Economy October 24, 2017 | 3:19 pm
Santo Domingo.- President Danilo Medina appointed by executive order 389-17, the new members in the National Competitiveness Council (CNC), who will represent the private sector. The CNC members ar[...]Foreigners who applied for residency start getting ID cards
Economy October 24, 2017 | 12:59 pm
Santo Domingo.- Immigration on Mon. began delivering 7,834 ID cards to the foreigners who applied for the National Foreigners Regularization Plan (PNRE) and obtain their "ordinary temporary residence.[...]Central Bank eyes RD$11.0M for loans at 8%, mortgage at 9%
Economy October 23, 2017 | 7:59 pm
Santo Domingo.- Dominican Republic's economy grew 4% between January and August, Central banker Hector Valdez Albizu affirmed Mon. in a speech to mark the institution's 70th anniversary. He also an[...]Top official says government doesn’t pay ‘bottles’ that much
Economy October 23, 2017 | 7:32 pm
Santo Domingo.- Finance minister Donald Guerrero on Mon. called the figure of RD$90.0 billion that Oxfam says is squandered taxpayers' money "exaggerated." The head of public finances said he will [...]Legal advisor: Medina did submit a complete financial statement
Economy October 23, 2017 | 4:32 pm
Santo Domingo.- Presidency legal advisor Flavio Darío Espinal on Monday refuted reports that president Danilo Medina had failed to submit a complete financial statement at the start of his second ter[...]Dominican coconut cream leads the world but challenges loom
Economy October 23, 2017 | 3:35 pm
Santo Domingo.- The Dominican Republic has specialized in coconut cream to the point of being the world's largest producer, with sales of more than 15 million dollars, according to coconut productio[...]Medina tours agro-forestry projects with RD$8.0B funding
Economy October 23, 2017 | 2:32 pm
Santo Domingo, (EFE) .- President Danilo Medina on Sunday toured agro-forestry development projects in several communities across the country, with around RD$8.0 billion in funding. The Presidenc[...]Reservas auto fair: US$125.0M in loan requests, 5,000+ vehicles
Economy October 23, 2017 | 1:55 pm
Santo Domingo.- The weekend's Reservas bank auto fair closed Sunday with over RD$6.0 billion ((US$125.0 million) in financing requests, for more than 5,000 vehicles of various makes. Reservas adm[...]Yearly auto fair boasts rates as low as 6.76%
Economy October 20, 2017 | 3:00 pm
Santo Domingo.- The State-owned Reserve bank inaugurated Expomóvil 2017 Thur. night with rates of 6.76% for up to five years for vehicles of various makes and models available in the over 220 partici[...]Natural gas unchanged, all other fuels climb
Economy October 20, 2017 | 2:24 pm
Santo Domingo.- Except for natural gas, the Industry and Commerce Ministry on Fri. posted higher prices on all other fuels for the week from October 21 to 27, when premium gasoline will cost RD$211.[...]Dominicans must adopt an export culture to maximize potential
Economy October 19, 2017 | 7:32 pm
Santo Domingo.- Dominican Exporters Association (ADOEXPO), president Álvaro Sousa Sevilla on Thurs. stressed the country's riches in products and services that can taken in a sustainable and competit[...]As China woos Dominican Republic, Taiwan goes full press
Economy October 19, 2017 | 1:53 pm
Santo Domingo.- The visit in the coming days by Taiwan deputy foreign minister, Jose Maria Liu, adds to the three Taipei officials who've already visited the Dominican Republic looking to bolster bila[...]