Biggest Dominican bank grows 4.5% to US$7.3B in 1Q
Economy April 20, 2017 | 1:33 pm
Santo Domingo.- Dominican Republic´s biggest bank on Wed. reported sustained first quarter growth, as well as a positive performance in its indicators of asset quality, profitability and solvency, co[...]Rock samples reveal possible oil deposits on land, sea
Economy April 19, 2017 | 1:21 pm
Santo Domingo.- Several areas of the Dominican Republic have rocks that are "mature enough" to produce oil or natural gas, according to the Energy and Mines Ministry's technical analyzes which recomme[...]Growth returns to LatAm and counter-cyclical policies increase
Economy April 18, 2017 | 7:24 pm
Washington. – In a positive development, today more than ever before, Latin American and Caribbean countries are pursuing counter-cyclical fiscal policies - spending more in bad times and saving in [...]IMF says Dominican Republic to grow 5.3% in 2017
Economy April 18, 2017 | 5:39 pm
Washington.- Central America will slightly increase its growth rate to 3.9% in 2017 and 4.1% in 2018, with Panama at the head of the subregional expansion It said the Dominican Republic, although n[...]Sectors huddle as 20% minimum wage hike faces challenge
Economy April 18, 2017 | 3:40 pm
Santo Domingo.- Labor minister José Ramón Fadul is meeting Tuesday behind closed doors at the Labor Ministry with management and labor representatives, just days after employers vowed to challenge t[...]Fish bred in cages benefit little-known highland town
Economy April 18, 2017 | 1:41 pm
Hatillo.- As many as 64 fishermen and their families benefit from breeding fish in floating cages, a project launched in 2013 by the miner Barrick Pueblo Viejo in the town of Hatillo, in the highlands[...]Distributors buy 471.4MW from power companies via tender
Economy April 18, 2017 | 1:03 pm
Santo Domingo.- The State-owned electricity distribution companies Edenorte, Edesur and EdeEste on Monday signed contracts to buy 471.4 megawatts of energy, from the power plants EGE Itabo, and AES An[...]Union leader says no excuse against approving 20% wage hike
Economy April 17, 2017 | 3:32 pm
Santo Domingo.- Union leader Pepe Abreu on Monday said there'll be no excuse not to approve the 20 percent wage increase at the meeting set for Tuesday between labor, management and the Minister of La[...]Highland farmers willing to reforest riverbanks
Economy April 17, 2017 | 2:20 pm
La Vega, Dominican Republic.- Environment minister Francisco Dominguez on Saturday urged local authorities to submit proposals aimed at preventing soil erosion by eliminating planting along the 30-met[...]‘Sucker punch’ as gasoline, diesel climb a 2nd straight week
Economy April 13, 2017 | 12:50 pm
Santo Domingo.- In what many people will likely dub a "palo asechado" (sucker punch), the Industry and Commerce Ministry raised all fuel prices for the week from April 15 to 21. Premium gasoline wi[...]Civil Aviation lists rules to operate drones
Economy April 13, 2017 | 11:53 am
Santo Domingo.- The Dominican Institute of Civil Aviation (IDAC) on Wed. instructed operators of remote piloted aircraft or drones to avoid flights that pose a threat to people, property or other airc[...]Multinational unveils US$100.0M+, 50MW wind farm at Montecristi
Economy April 12, 2017 | 12:01 pm
Santo Domingo.- The multinational IC Power on Tuesday unveiled the wind farm renewable energy project at Agua Clara, Montecristi (northwest), whose initial investment of more than US$100.0 million wil[...]March prices fall -0.20%, paced by foods
Economy April 11, 2017 | 9:48 pm
Santo Domingo.- Dominican Republic's Central Bank on Tuesday said March prices were -0.20% compared with February, with first quarter accumulated inflation at 0.84 percent. It said annualized infla[...]Coffee growers face their ‘worst’ crisis; slam Agro chief
Economy April 11, 2017 | 5:12 pm
Santo Domingo.- Dominican Republic's coffee growers grouped in Concafed on Tuesday said the sector has plunged into its worst crisis ever, as rust damages their plantations and denounced a lack of gov[...]Dubai, Dominican Customs work together to boost trade
Economy April 11, 2017 | 12:50 pm
Santo Domingo. - Dubai is committed to the operational progress of Dominican Customs and its opening to global trade as evidenced by a United Arab Emirates (UAE) technical mission working together wit[...]Employers challenge the 20% raise on minimum wage
Economy April 11, 2017 | 12:31 pm
Santo Domingo.- Dominican Republic's employers grouped in Copardom, and the small and medium businesses (Codopyme) on Monday filed an appeal for arbitration against the National Wage Committee resolut[...]Conference to weigh growth of booming mining sector
Economy April 10, 2017 | 5:17 pm
Santo Domingo.- The Roundtable of Commonwealth Countries in the Dominican Republic will host on Thursday, April 20 a breakfast-conference with Julio Espaillat, President of GoldQuest, a mining company[...]Foreign Affairs to help the Electoral Board’s work abroad
Economy April 10, 2017 | 4:54 pm
Santo Domingo.- Foreign minister Miguel Vargas and Central Electoral Board (JCE) president Julio César Castaños on Monday signed an agreement, which will make it easier for Dominicans abroad to obta[...]Venezuela, Dominican officials mull natural gas deal
Economy April 10, 2017 | 12:15 pm
Santo Domingo.- Industry Commerce Ministry Officials met with a executives of Venezuela's State-owned oil conglomerate, PDVSA, Gas to analyze the company's potential export of natural gas to the count[...]Dominican Republic, Cuba take ‘historic’ step toward free trade
Economy April 7, 2017 | 5:30 pm
Santo Domingo.- The Dominican Republic and Cuba on Friday agreed to negotiate a Partial Scope Agreement, to bolster economic, trade and cooperation between both nations. Foreign minister Miguel Var[...]