State-owned Utility tenders energy contract for 428.6 Mw
Economy July 18, 2017 | 1:40 pm
Santo Domingo.- Dominican Republic's State-owned Electric Utility (CDEEE) on Monday called an abridged international tender for the electricity distribution companies to contract 428.6 megawatts of en[...]Gasoline, propane climb, natural gas unchanged
Economy July 14, 2017 | 2:24 pm
Santo Domingo.- The Industry and Commerce Ministry on Friday posted the fuel prices for the week from Saturday 15 to 21, when premium gasoline will cost RD$206.30, and regular RD$193.20, or RD$2.00 mo[...]Gov. to gradually nix imported products for school meals
Economy July 14, 2017 | 12:25 pm
Santo Domingo.- The Government will start to gradually phase out imported products for public school meals this year with a goal to use only domestic milk by 2020, said Administrative minister José R[...]Labor chief reveals Dominican employers’ hypocrisy
Economy July 13, 2017 | 2:36 pm
Santo Domingo.- Labor minister said José Ramón Fadul on Thursday said the Labor Code requires that at least 80% of a company's workforce must be Dominican, but the tourism, construction, agro and [...]Santo Domingo traffic compares only with poorest Africa
Economy July 13, 2017 | 1:59 pm
Santo Domingo.- Greater Santo Domingo mobilizes 3.5 million people daily, but 2.5 million of those use a public transport considered among Latin America's worst, compared only to the poorest countri[...]Gov. RD$500.0M in bonds to help first-time low-cost home buyers
Economy July 13, 2017 | 12:43 pm
Santo Domingo.- Presidency chief of staff Gustavo Montalvo on Wed. announced the Government's low-cost housing construction policy, and a RD$500 million in bonds for first-time home buyers. "Dece[...]Siemens, AES join forces to create Fluence, a new global energy storage technology company
Economy July 12, 2017 | 4:09 pm
Munich & Arlington, Va.- Siemens AG (“Siemens”) and The AES Corporation (NYSE: AES, “AES”) announced today their agreement to form a new global energy storage technology and services compa[...]Coffee sector at edge of collapse on US$375.0M losses
Economy July 12, 2017 | 2:51 pm
Santo Domingo.- Over 90% of Dominican Republic's coffee growers have gone broke as coffee rust hobbles production and decimates plantations across the country during the last four years. San Juan V[...]As economic influence dwindles, Taiwan serves up visas in LatAm
Economy July 12, 2017 | 2:15 pm
Taipei.- Faced with dwindling economic influence in Central America and the Caribbean, Taiwan on Tuesday announced visa exemption for citizens of those countries "as a show closeness to its diplomatic[...]World Bank tweaks strategic alliance with the Dominican Republic
Economy July 11, 2017 | 3:05 pm
Santo Domingo.- World Bank director for the Caribbean, Tahseen Sayed Khan, is in the Dominican Republic this week to meet with Dominican officials to discuss strategic areas related to the World Bank'[...]EU says the DR grows, strives to distribute wealth
Economy July 11, 2017 | 1:32 pm
Santo Domingo.- "There aren't many countries that grow and strive to distribute the wealth as best as possible as Dominican Republic does," said ambassador and European Union Mission leader, Alberto N[...]Prices climb 0.6% in June, paced by goods and services
Economy July 10, 2017 | 7:36 pm
Santo Domingo.- Dominican Republic's Central Bank on Monday said June prices climbed 0.06% compared with May this year, while accumulated inflation during the first six months (January-June) stands at[...]Colonial era ferrymen worry being uprooted by cable car
Economy July 10, 2017 | 5:02 pm
Santo Domingo.- Ferrymen who earn their living by crossing passengers at the Ozama river worry they'll be left without a job once the Santo Domingo Cable Car starts operating in October. The men wh[...]Natural gas unchanged; all other fuels jump
Economy July 7, 2017 | 3:53 pm
Santo Domingo.- The Industry and Commerce Ministry on Friday posted the fuel prices during the week from July 8 to 14, when premium gasoline will cost RD$204.30 per gallon, or RD$1.00 less, while regu[...]Dominican territory declared Med-fly free(Update)
Economy July 7, 2017 | 3:31 pm
Santo Domingo.- Agro officials on Friday declared Dominican Republic territory free of the Mediterranean fruit-fly, which will pave the way for export of 18 varieties of fruits and vegetables to the[...]Gov. announces RD$748.0M to develop agro-forestry in the West
Economy July 7, 2017 | 12:42 pm
Santo Domingo.- Presidency Administrative Minister José Ramón Peralta on Thurs. visited the Hondo Valle and Juan Santiago Agroforestry Project (west), where nearly 6,000 hectares of land will be dev[...]US carriers can impose one-suitcase limit: official
Economy July 6, 2017 | 7:29 pm
Santo Domingo.- Civil Aviation Board (JAC) director Luis Ernesto Camilo, on Thurs. said the decision by US airlines to allow passengers just one suitcase free of charge and pay for others form par[...]Auto insurance deductible could jump15%, top official warns
Economy July 6, 2017 | 3:19 pm
Santo Domingo.- Insurance superintendent Euclides Gutiérrez and the Dominican Insurers and Reinsurers Chamber warned Thurs. that raising the deductible on auto insurance policies by 10% of claimed lo[...]Vicini ‘ready to negotiate’ Punta Catalina power plant land
Economy July 6, 2017 | 12:54 pm
Santo Domingo.- The company CAEI of the Inicia group (Vicini), which owns the land where the Punta Catalina power plant (south) is being built, on Wed. announced that it's ready to start negotiating i[...]Central Romana mills a record 188,812 tons of refined sugar
Economy July 6, 2017 | 12:13 pm
La Romana, Dominican Republic.- Central Romana Corp. set a production record of 188,812 short tons of refined sugar during the 2016-2017 harvest, a quantity it affirms "will guarantee the stable suppl[...]