Gasoline up, propane down, all other fuels stay put
Economy March 24, 2017 | 3:44 pm
Santo Domingo.- The Industry and Commerce Ministry posted the fuel prices for the week from March 25 to 31, when premium gasoline will cost RD$212.80 and regular will cost RD$197.70, an increase of RD[...]Labor chief says all wages are too low
Economy March 23, 2017 | 4:35 pm
Santo Domingo.- Labor minister Jose Ramon Fadul on Thursday said if it were up to him, he would've raised wages long ago, "because everyone knows that current wages are deficient." "Wages in the co[...]Customs will require invoice on goods brought via couriers
Economy March 23, 2017 | 12:38 pm
Santo Domingo.- The Customs recently announced that starting April 3 all people who import any type of merchandise through couriers must submit the commercial invoice. The document will be a requir[...]Dominican Republic increases tax revenue: report
Economy March 23, 2017 | 12:23 pm
Santo Domingo.- The fiscal trajectory of Latin America and the Caribbean reveals important differences among the countries of the north and the south of the continent, which show divergent trends of t[...]Dominican Republic-Haiti pact aims to halt smugglers, tax dodgers
Economy March 22, 2017 | 4:03 pm
Santo Domingo.- Dominican Republic Customs director Enrique A. Ramirez and Haiti counterpart Victor Hugo Saint Louis on Tuesday agreed to exchange information to bolster the fight against smuggling an[...]International reserves fall 6.08% as dollar rate sees pressure
Economy March 22, 2017 | 1:46 pm
Santo Domingo.- International reserves fell 6.08% in a month, from US$6.7 billion in January to US$6.3 billion at the end of last month, according to figures from Dominican Republic's Central Bank. [...]Medina plants trees, but workers demand payment
Economy March 22, 2017 | 12:50 pm
San Juan de la Maguana, Dominican Republic.- President Danilo Medina and Environment minister Francisco Domínguez on Tuesday symbolically planted a tree to mark World Forestry Day at a reforestation [...]Foreigners flock to Sosua Immigration office to legalize status
Economy March 21, 2017 | 1:36 pm
Santo Domingo.- Around 250 foreigners from various nations have visited Immigration's temporary office in Sosua, Puerto Plata, to regularize their status as residents in the Dominican Republic, the ag[...]Medina pledges help to women’s coconut oil coop in Samaná
Economy March 20, 2017 | 5:05 pm
Samaná, Dominican Republic.- President Danilo Medina on Sunday visit ted a women's coop in Samaná, who've been producing coconut oil for two years in the village, La Guázara. Medina, who pledged[...]Gasoline, diesel fall, gases unchanged
Economy March 17, 2017 | 3:14 pm
Santo Domingo.- The Industry and Commerce Ministry on Friday posted the fuel prices for the week from March 18 to 24, 2017, when premium gasoline will cost RD$210.80, or RD$2.00 less, and regular [...]Banks ‘stoke’ dollar shortage to push rate, economist says
Economy March 17, 2017 | 12:53 pm
Santo Domingo.-The Central Bank's injection of US$275.0 million not only seeks to ensure that financial institutions meet the foreign currency needs of their customers, but also to guarantee the RD$47[...]International agency: Dominican aviation is region’s leader
Economy March 17, 2017 | 11:53 am
Santo Domingo.- International Civil Aviation Organization (ICAO) regional director Melvin Cintrón, on Thursday called the Dominican Republic the region's civil aviation leader. He said he bases [...]Barrick Pueblo Viejo 2010-2016 output: 131.25 tons of gold
Economy March 16, 2017 | 8:21 pm
Santo Domingo.- From 2010 to yearend 2016 Barrick Pueblo Viejo produced 4.2 million ounces (131.25 tons) of gold and 12.3 million of silver, and have accumulated 60 million tons of ore in the medium a[...]Dominican Gov seeks proposals to determine hydrocarbon potential
Economy March 16, 2017 | 7:17 pm
Santo Domingo.- The Energy and Mines Ministry (MEM) on Thursday called on companies interested in exploring for hydrocarbons to submit proposals, as part of efforts to determine Dominican Republic's[...]Uber enters Dominican Republic’s vast moto-taxi market
Economy March 16, 2017 | 4:11 pm
Santo Domingo.- The taxi company Uber on Thursday announced the start of its moto-taxi service, called Ubermoto, a bold move considering the country's tens of thousands of drivers in the popular for[...]On uncertainty, Central Bank to inject US$275.0M (Update)
Economy March 15, 2017 | 6:16 pm
Santo Domingo.- Dominican Republic Central banker Hector Valdez Albizu announced Wednesday that up to $ 200 million will be injected into the foreign exchange market to meet the demand for foreign c[...]In Congress coffee growers protest against ‘exclusionary’ bill
Economy March 15, 2017 | 4:40 pm
Santo Domingo.- Dozens of Dominican Coffee Federation (Concafed) growers protested in front of Congress Wednesday against the bill that creates the Dominican Coffee Institute (Indocafe) because in the[...]Used auto importers upbeat, announce first-ever fair
Economy March 15, 2017 | 3:47 pm
Santo Domingo.- Used Vehicles Importers Association (Asocivu) president Luis [...]World Bank’s new Caribbean director coming to visit
Economy March 14, 2017 | 7:59 pm
Santo Domingo.- The recently appointed World Bank director for the Caribbean, Tahseen Sayed Khan, will visit the Dominican Republic this week to meet with government officials and discuss World Bank s[...]The President receives six new ambassadors
Economy March 14, 2017 | 5:33 pm
Santo Domingo.- President Danilo Medina on Tuesday received the credentials of six new ambassadors accredited to the country by their respective governments. The first to make the presentation was [...]