Poll: for 7 of 10 people, the country is on the wrong track
Economy February 14, 2017 | 8:42 am
Santo Domingo.- The country is on the wrongtrack, say seven out of 10 citizens, a proportion that increases considerablycompared with 2016.
Three problem: crime, rising cost of livingand unem[...]
Trump taps Florida billionaire as envoy to Dominican Republic
Economy February 14, 2017 | 8:08 am
Santo Domingo.- US president Donald Trump offered the post of ambassador in theDominican Republic his neighbor in Palm Beach, Florida billionaire RobinBernstein, who was also an activist during hi[...]
Dominican Gov. must tweak taxes to face risks: IMF
Economy February 14, 2017 | 7:40 am
Santo Domingo.- The Dominican Republic will needan important fiscal adjustment to guarantee debt sustainability, given therisks created by policies of partner such as the United States, rising pric[...]
Banks say exchange market normalizes at US$130M daily
Economy February 13, 2017 | 4:10 pm
Santo Domingo.- The Dominican Republic CommercialBanks Association (ABA) on Monday said the actions taken by the financial entitiesand the Central Bank are contributing to normalize the exchange ma[...]
January prices climb 0.62%, paced by food
Economy February 13, 2017 | 8:15 am
Santo Domingo.- Dominican Republic's Central Bank on Monday thatJanuary prices climbed 0.62% compared with December, paced by foods.
In its monthly report, the Central Bank said annualinflat[...]
Dominican Republic approves sweeping transport law
Economy February 11, 2017 | 9:56 am
Santo Domingo.- The Chamber of Deputies onFriday passed sweeping legislation which mergers the Metropolitan Transit Authority(AMET) and Santiago counterpart Ametrasan, to create the Traffic Safety [...]
Diesel, gasoline climb; propane, natural gas unchanged
Economy February 10, 2017 | 10:51 am
Santo Domingo.- TheIndustry and Commerce Ministry on Friday posted the fuel prices for the week fromFebruary 11 to 17, when premium gasoline will cost RD$214.30 and regulargasoline will cost RD$198[...]
IMF to issue opinion on Dominican economy
Economy February 10, 2017 | 8:48 am
Santo Domingo.- In the heels of a recentvisit to the country, the International Monetary Fund will issue a statementearly next week outlining its mission's assessment of the performance of theDomin[...]
Cable car to transport more than 60,000 passengers a day
Economy February 10, 2017 | 8:14 am
Santo Domingo.- The cable car mass transit system will carry more than 60,000 passengers every day, connecting more than 30 neighborhoods in the National District, Santo Domingo North and Santo Dom[...]
US$53.2M hi-tech cuts biggest Dominican sugar mill’s pollutants 90%
Economy February 9, 2017 | 12:14 pm
La Romana.- Dominican Republic's biggest sugarhas installed electrostatic precipitators in its boiler system to mill sugarcane,and reduce the pollutants released to the atmosphere by more than 90%.[...]
Labor minister favors wage raise
Economy February 9, 2017 | 10:19 am
Santo Domingo.- According to Labor ministerJosé Ramón Fadul (Monchy), the cost of products of household staples hasreached astronomical levels and by far exceeds the wages earned by the m[...]
Ruling party senators go rogue, delay abortion amendment
Economy February 9, 2017 | 10:10 am
Santo Domingo.- A failure to reach consensusbetween ruling party senators is delaying the acceptance of the observationsmade to the Law that modifies the Penal Code, concerning the decriminalizatio[...]
Executive Branch tightens public spending controls
Economy February 9, 2017 | 8:46 am
Santo Domingo.- President Danilo Medina issued executive order 15-17 Wednesday forfulfilment and control of public spending and to ensure that suppliers are paidswiftly and smoothly.
This reg[...]
Governments need to boost cybersecurity, says expert
Economy February 9, 2017 | 8:41 am
Santo Domingo.- Spanish cybersecurity expert Javier Candau is in the country to advise State authorities on stepping up vigilance of the web in order to protect themselves from threats from some gr[...]
Dominican Republic dollar crunch ‘totally fixed next week’
Economy February 9, 2017 | 7:52 am
Santo Domingo.- Dominican Republic Industries Association presidentCampos de Moya assured Wednesday that the country's shortage of dollars in thelast days "will be totally fixed next week.&qu[...]
Biggest Dominican bank: rising dollar demand ‘fictitious’
Economy February 8, 2017 | 11:44 am
Dominican Republic's biggest bank on Tuesdaysaid the country's economy is producing more dollars than ever and hence more availablethan before, but also notes that an "unusual" demand
[...]Coffee growers want more
Economy February 8, 2017 | 8:32 am
SantoDomingo.- The Dominican Coffee Producers Confederation (Concafed) appealed topresident Danilo Medina Tuesday for more support for the rehabilitation of thecountry's coffee plantations through [...]
Prevention is crucial to reduce crime and violence in LatAm, Caribbean
Economy February 8, 2017 | 8:13 am
Washington DC.- February 7, 2017 – As crime and violencecontinue to be a pervasive and costly problem in Latin America and theCaribbean (LAC), the region needs to increase prevention efforts bas[...]
Power plant ‘one year behind schedule´
Economy February 8, 2017 | 7:54 am
Santo Domingo.- Construction on the Punta Catalina power plant in the province of Peravia is one year behind schedule due to the problems the project has experienced in obtaining financing.
N[...]
Dominican Govt. wants to talk transport
Economy February 7, 2017 | 10:27 am
Santo Domingo.- Presidency minister Gustavo Montalvo announced Tuesday the formation of a platform for dialogue with the objectives of analyzing the problems affecting the transportation sector and[...]