Halted Dominican Republic -Puerto Rico trade means US$200.0M losses
Economy October 4, 2017 | 12:06 pm
Santo Domingo.- Two weeks after Hurricane Maria slammed into Puerto Rico, trade is all but halted, Puerto Rico-Dominican Republic Chamber of Commerce president, William Calderón affirmed Tues. He [...]Tourism: 8% of Dominican Republic’s GDP, grows 8.6%
Economy October 3, 2017 | 7:58 pm
Santo Domingo.- Dominican Republic's tourism sector accounts for 8% of GDP; has an aggregate value of 8.6% and an average growth of 1% higher than the economy as a whole, and supplies 332,589 jobs, or[...]Govt. scams consumers with propane price: rights group
Economy October 3, 2017 | 2:03 pm
Santo Domingo.- The Consumer Rights Foundation (Fundecom) on Mon. said propane gas (LPG), which the Industry and Commerce Ministry set at RD$113.80 per gallon this week, should cost RD$76.25, or RD$37[...]AES Dominicana, Grupo Linda consolidate alliance
Economy October 3, 2017 | 1:07 pm
Santo Domingo.- AES Dominicana, a subsidiary of the AES Corporation of the United States, continues to bolster its strategic alliance with Grupo Linda, an economic consortium headed by Félix García,[...]Workers install cables for Santo Domingo Cable Car
Economy October 3, 2017 | 12:42 pm
Santo Domingo.- The agency that manages the project 'La Barquita and surrounding sectors' (URBE) on Monday said this week will start to install the cables for the first of the three sections of the [...]Govt. raises hurricanes agro damage figure to 39,396 hectares
Economy October 3, 2017 | 11:50 am
Santo Domingo.- The government will help more than 6,000 agro producers affected by the floods from hurricanes Irma and Maria, and revised its damage figure from 616 hectares of farmlands to 39,39[...]Govt. to help agro recover with RD$500.0, materials
Economy October 2, 2017 | 7:31 pm
Santo Domingo.- Hurricanes Irma and Maria damaged only 616 hectares of farmlands, says an agro sector survey, whose report was delivered to president Danilo Medina on Monday. After a meeting with t[...]Opposition leader wants farm work at border ‘Dominicanized’
Economy October 2, 2017 | 2:40 pm
Dajabon, Dominican Republic.- Senior opposition party (PRM) leader Luis Abinader on Sunday said farm work along the border with Haiti should be "Dominicanized" as part of an agreement between the gove[...]A mixed bag of fuel prices Sept. 30 to Oct. 6
Economy September 29, 2017 | 2:53 pm
Santo Domingo.- The Industry and Commerce Ministry on Friday posted the fuel prices for the week from September 30 to October 6, when premium gasoline will cost RD$215.30, or RD$1.00 less, while regul[...]China gets US$550.M ‘cozy’ with Dominican Republic
Economy September 29, 2017 | 1:11 pm
Santo Domingo.- China Commercial Development Office representative in the Dominican Republic, Fu Xinrong, on Thurs. said Chinese companies will invest US$350.0 million in a multifunctional hydraulic p[...]World Bank supports the Dominican Republic to better prepare for hurricanes and other natural disasters
Economy September 29, 2017 | 11:38 am
Washington.— The World Bank Board of Executive Directors today approved a US$150 million loan to the Dominican Republic (DR) to provide immediate financing in the event of a natural disaster or a pu[...]Top banker sees ambitious tourism for the South
Economy September 28, 2017 | 2:11 pm
Paris.- The CEO of Popular, Dominican Republic's biggest banking group, on Thurs. called the southern provinces' climate an important advantage over the other regions, as well as its natural beauty [...]Mayor’s ‘Pot-Capital’ Santo Domingo cuts red tape
Economy September 28, 2017 | 1:34 pm
Santo Domingo.- The National District City Council will start in the next few days a new platform to issue land-use permits, which will reduce the paperwork time from 15 to one day. Mayor David Col[...]Young adults prefer the trades as a sure way to a job
Economy September 28, 2017 | 12:12 pm
Santo Domingo.- An increasing number youngsters are opting to learn a trade that will quickly ensure a job with shorter study time. They choose technical careers over traditional ones that require mor[...]Corruption hobbles Dominican Republic’s competitiveness: Index
Economy September 28, 2017 | 11:48 am
Santo Domingo.- The Dominican Republic fell 12 spots in the Global Competitiveness Index 2017-2018, and was 104th among the 137 nations analyzed by the World Economic Forum. Corruption, inefficient[...]Farmers ask urgent help as losses reach US$20.8M
Economy September 27, 2017 | 7:23 pm
Santo Domingo.- National agribusiness (Confenagro) leaders president Eric Rivero, and, and former Rice Producers Federation president César Espaillat, on Wed. asked for the government's urgent help t[...]Air Century resumes Puerto Rico-Santo Domingo flights
Economy September 27, 2017 | 3:48 pm
Santo Domingo.- Air Century announces Wed. the resumption of flights to Puerto Rico starting Thursday, 28 serving, in a first stage, the San Juan-Santo Domingo route until the authorities of the neigh[...]Bridge construction: motorists face slow traffic on busiest highway
Economy September 27, 2017 | 2:40 pm
Santo Domingo.- Motorists can expect slow-moving traffic on the Duarte highway during the next few weeks, as Public Works on Tue. began demolishing the bridge at Burende, 10 kilometers north of La Veg[...]Top official vows ‘clear rules’ to develop oil and gas industry
Economy September 26, 2017 | 7:29 pm
Santo Domingo.- Energy and Mines minister Antonio Isa Conde on Tues. announced the fiscal policy and contractual proposals to develop Dominican Republic's oil and gas industry, with options based on t[...]Gov. approves 318 charter flights from Canada
Economy September 26, 2017 | 5:55 pm
Santo Domingo.- The Civil Aviation Board (JAC) on Mon. approval at least 318 passengers charter flights from Canada to various international airports and over 20 destinations. The Air Transat fligh[...]