46.1% of spending went to pay govt. workers, debt service
Economy April 4, 2017 | 12:37 pm
Santo Domingo.- The payment of remunerations in public service and interest of the debt accounted for 46.1% of expenditure in the first two months. According to the Budget Office, RD$20.35 billion [...]Villagers fear icon banana plantation may vanish
Economy April 3, 2017 | 3:41 pm
Montecristi, Dominican Republic.- Farmers living in several villages of the northwestern province affirm that some 400 hectares of banana plants were cut allegedly on instructions from La Cruz de Ma[...]Central Bank raises benchmark rate from 5.50% to 5.75%
Economy April 3, 2017 | 2:02 pm
Santo Domingo.- The Central Bank on Monday announced an increase of its benchmark rate by 25 base points, from 5.50% to 5.75% for transactions including credit lines and deposits. The decision, tak[...]Customs invoice requirement for couriers takes effect today
Economy April 3, 2017 | 1:26 pm
Santo Domingo.- The Customs Agency's measure to control goods arriving in the country through couriers is in effect starting today Monday, and customers are being advised that they must produce thei[...]Businesses ‘cry out to heaven’ over 20% wage hike
Economy April 3, 2017 | 12:14 pm
Santo Domingo.- The business sector has "cried out to heaven" over the National Wage Committee's decision to increase some salaries as much as 20%, more than double what management proposed, and warns[...]20% wage hike means massive layoffs, bankruptcy, employers warn
Economy March 31, 2017 | 8:40 pm
Santo Domingo.- Dominican Republic's employers grouped in Copardom, on Friday said they were surprising by the abrupt manner in which the National Wage Committee announced a 20% increase to the minimu[...]Labor, Gov. set US$329.0 top minimum wage; management pouts
Economy March 31, 2017 | 3:53 pm
Santo Domingo.- Business leaders on Friday scurried out of the meeting with frowns, after labor and government representatives decided to raise the non-sectorized minimum wage by 20%. The Labor Min[...]Gasoline, diesel up, propane down, natural gas unchanged
Economy March 31, 2017 | 3:05 pm
Santo Domingo.- The Industry and Commerce Ministry on Friday posted the fuel prices for the week from April 1 to 7, when premium gasoline will cost RD$214.80, or RD$2.00 more and regular will cost RD$[...]Industries agree with wage hike, but SMEs weigh
Economy March 31, 2017 | 2:01 pm
Santo Domingo.- Dominican Republic Industries Association (AIRD) president Campos de Moya on Thursday said he has always agreed with a salary increase, as long as the SMEs are taken into account. "[...]ECLAC lays out framework for building a competitive Caribbean economy
Economy March 30, 2017 | 7:30 pm
Santiago, Chile.- In order to build a competitive economy, Caribbean countries must engage in economic restructuring and diversification practices in several areas, including agriculture, transportati[...]GoldQuest confirms two new gold systems in Dominican SW
Economy March 30, 2017 | 11:22 am
Vancouver, BC (Marketwired via COMTEX) (Marketwired).- GoldQuest Mining Corp. (GQC) (frankfurt:M1W) (berlin:M1W) ("GoldQuest" or the "Company") is pleased to report assay results from the latest 8-h[...]Officials find ‘serious’ morass at gas stations
Economy March 29, 2017 | 8:35 pm
Santo Domingo.- Three cabinet ministries on Wednesday announced measures to organize the fuels market, after having found "serious violations at stations selling liquid fuels and propane gas." In[...]Management proposes 15% wage hike; labor calls it a pittance
Economy March 29, 2017 | 3:54 pm
Santo Domingo.- After months of complains by labor on management 's foot-dragging to reach an agreement or a wage hike, on Tuesday proposed a 15% raise of non-sectored salaries. The announcement [...]Dollar crunch: moneychangers complain of being shut out
Economy March 29, 2017 | 1:58 pm
Santo Domingo.- Dominican Exchange Intermediaries Association (ADOCAMBIO) president Carlos A. Plá on Tuesday said it's "unfair, discriminatory practice and a frank violation of the monetary and fin[...]Project aims to boost water flow in major basins
Economy March 28, 2017 | 12:30 pm
Santo Domingo.- The restoration of riparian forests, the improvement of agricultural ecosystems and growers motivated to use soils correctly are actions being carried out to maintain and increase wa[...]IMF Executive Board concludes 2017 Article IV Consultation with the Dominican Republic
Economy March 27, 2017 | 8:46 pm
Washington DC.- The Dominican economy maintained the strong growth momentum of the past three years, which is only now beginning to taper off towards potential. Growth averaged 7 percent since 2014, o[...]Central Bank says dollar rate calm after US$275.0M fix
Economy March 27, 2017 | 8:07 pm
Santo Domingo.- Central banker Héctor Valdez Albizu said the dollar's scarcity in the financial market has been surmounted, but didn’t reveal how many greenbacks have been injected to the market th[...]Medina pledges RS$40.0M to fund strawberry growers
Economy March 27, 2017 | 4:53 pm
Jarabacoa, Dominican Republic.- Growers of strawberries in greenhouses at Los Dajaos in Jarabacoa (central) will get government funding, equipment and assistance, a promise made by president Danilo Me[...]Shipper announces additional trailer service to Santo Domingo
Economy March 24, 2017 | 8:05 pm
Santo Domingo.- Trailer Bridge, Inc., is now offering additional service to the Dominican Republic from JAXPORT’s Blount Island Marine Terminal, ajot.com reports. "The company has two sailings pe[...]No reason to get spooked over dollars, business leader says
Economy March 24, 2017 | 4:19 pm
Santo Domingo.- National Business Council (Conep) president Pedro Brache on Thursday said prior to the Central Bank's injection of dollars last week to meet the demand, the market was behaving normall[...]