Government trims 2017 growth target again
Economy September 18, 2017 | 3:45 pm
Santo Domingo.- for the second time this year the Dominican government revised its growth target for 2017, trimming it from 5.25% to 4.75%, according to the Economy Ministry's latest Macroeconomic Out[...]Latest hurricane to further soak the nation’s soil
Economy September 18, 2017 | 3:43 pm
Santo Domingo.- While the north region's damage from Hurricane Irma has yet to be tallied, the country is menaced by Hurricane Maria, which the National Hurricane Center says will become a major categ[...]Regulator nays Altice’s Orange-Tricom merger bid
Economy September 18, 2017 | 3:35 pm
Santo Domingo.- The Dominican Telecom Institute (Indotel) turned down the request from Altice Hispaniola, SA (Orange) and Tricom, SA, noting that such a move would "generate an excessive economic conc[...]Diesel, propane climb, gasoline falls
Economy September 15, 2017 | 3:08 pm
Santo Domingo.- The Industry and Commerce Ministry on Friday posted the fuel prices for the week from September 16 to 22, when premium gasoline will cost RD$220.30, or RD$1.50 less, and regular will c[...]More questions as Govt. faces US$708.0M hurdle on Punta Catalina
Economy September 15, 2017 | 12:36 pm
Santo Domingo.- The Brazilian company Odebrecht tightens the screws on the government by insisting in its demand of an additional US$708.0 million payment to finish the Punta Catalina coal-fired pow[...]Top official wields iron fist at energy squanderers
Economy September 14, 2017 | 3:57 pm
Santo Domingo.- Energy and Mines minister Antonio Isa Conde on Thurs. demanded sanctions against the public officials who fail to use energy efficiently and rationally, noting that waste drains Domini[...]Failed electricity system hobbles the country’s development
Economy September 14, 2017 | 2:01 pm
Santo Domingo.- The Dominican Republic will never be able to surmount the underdevelopment gap if it fails to achieve a sustainable and competitive electrical system. That's how Dominican Republic [...]Dominican Republic pension fund ‘running a huge risk’
Economy September 14, 2017 | 11:37 am
Santo Domingo.- "Pension fund running a huge risk in the Dominican Republic," former National Business Council (CONEP), president Rafael Blanco warned Wed., noting that the danger lies in the fact tha[...]Industry leader: Electricity Pact should uphold the national interest
Economy September 13, 2017 | 9:30 pm
Santo Domingo.- Herrera and Santo Domingo Province Industrial Association (AEIH) president Antonio Taveras said Wednesday that there it's still possible for all sectors to put the national interest ah[...]Competitiveness requires modern, agile, and efficient transport
Economy September 13, 2017 | 2:35 pm
Santo Domingo.- A more competitive Dominican Republic requires a modern, agile, and efficient transportation, National Competitiveness Council director Rafael Paz affirmed Tues.. He said the goal[...]Amendment of law on foreign workers ‘unacceptable’
Economy September 12, 2017 | 12:23 pm
Santo Domingo.- Minority party (FNP) president Pelegrín Castillo yesterday called unacceptable and unjustified the business sector's proposal to amend the 80/20 percentage law on workers' nationality[...]Consumer prices climb 0.57% in August, paced by housing
Economy September 11, 2017 | 5:26 pm
Santo Domingo.- Dominican Republic's Central Bank on Monday said August consumer prices climbed 0.57% compared with to the month of July this year. It said accumulated inflation for the first e[...]Icon Dominican cassava arrives in the Big Apple, at last
Economy September 11, 2017 | 5:02 pm
Santo Domingo.- The appetizing cassava from Moca, Dominican Republic, started its trek into the US market, now available in local supermarkets and grocery stores, as well as other states such as Massa[...]Over 50% of Dominican population has access to banking
Economy September 11, 2017 | 3:40 pm
Santo Domingo.- Over 50% of Dominican Republic's population relies on banking, with a noticeable jump in the frequent use of plastics, according to Banco Ademi business VP Francisco De La Rosa. In [...]Propane gas will be sold at gasoline stations, after studies
Economy September 11, 2017 | 2:48 pm
Santo Domingo.- Dominican Fuel Industry Companies Association (Adeic) president Walkiria Caamaño on Sunday said the sale of propane gas at gasoline stations will be allowed only for businesses and ve[...]Builders want more Haitians to do the ‘heaviest jobs’
Economy September 11, 2017 | 2:04 pm
Santo Domingo.- The head of the Cibao Housing Builders and Promoters Association (Aprocovici) asked the Government to amend the Labor Code to allow a higher percentage of foreign labor which the con[...]Diesel, propane, gasoline up again, natural gas unchanged
Economy September 8, 2017 | 3:41 pm
Santo Domingo.- For the second straight week the Industry and Commerce Ministry on Friday posted higher prices on some fuels in effect from September 9 to 15, when premium gasoline will cost RD$221.[...]US Embassy closed Thurs. due to Hurricane Irma
Economy September 6, 2017 | 4:25 pm
Santo Domingo. - On September 5, 2017, the State Department authorized the voluntary departure of employees of the United States government and their families due to Hurricane Irma. The State Depar[...]Govt. to build 5 bus terminals to ease the capital’s traffic
Economy September 6, 2017 | 12:15 pm
Santo Domingo.- National Transit Institute (Intrant) director Claudia Franchesca de los Santos on Tues. announced the construction of five bus terminals for inter-urban passenger transport. She sai[...]North region business leaders hail Govt.’s US$416.6M injection
Economy September 6, 2017 | 11:43 am
Santiago.- North region business leaders on Tues. stressed the impact of the government's announced RD$20 billion injection to the economy, as well as the release of more than RD$22 billion (US$416.6 [...]