Dominican Republic power companies ‘lose US$250.0M’ on upfront taxes
Economy December 19, 2016 | 3:56 pm
Santo Domingo.- Dominican Republic's power companies groupedin ADIE on Friday expressed concern to the Government over the advance paymentmechanism for the selective fuel tax, with ensuing losses o[...]
CEMEX calls tenders to expand solar power plant by 13 megas
Economy December 19, 2016 | 12:45 pm
Santo Domingo.- CEMEX has announced a callfor tenders to expand its photovoltaic power plant at its cement productionplant in San Pedro de Macorís (east).
CEMEX says the process aims to [...]
Dominican-Haiti border market resumes, as tension lingers
Economy December 19, 2016 | 11:37 am
Dajabón, Dominican Republic.- After a protestlasting more than an hour on Haiti's side of the border, the cross-bordermarket resumed on Monday after Haitian merchants on Friday boycotted it by[...]
Private sector construction jumps12.2% to US$410.9M
Economy December 19, 2016 | 11:10 am
Santo Domingo.- The private sector has investedRD$18.9 billion (US$410.9 million) in construction as of October, headed by RD$8.8billion in the National District, or 46.71% of the total.
Nati[...]
Eastern US winter storm cancels Dominican flights
Economy December 19, 2016 | 9:48 am
Santo Domingo.- The season's first major winter storm in theUS has dumped snow throughout southern New England, caused slippery roadconditions and cancelled several flights.
JetBlue Airways [...]
Dominican Republic-Cuba free trade pact talks ‘underway’
Economy December 19, 2016 | 8:24 am
Santo Domingo.- Cuban ambassador Carlos Jesusde la Nuez on Sunday said talks are underway leading to a free trade agreementwith the Dominican Republic, which he affirms will gprovide facilities to [...]
AES Dominicana’s investment in Dominican Rep. tops US$1.3B
Economy December 17, 2016 | 11:33 am
Santo Domingo.- AES Dominicana has set a newhistorical record of generation by reaching a consolidated production of 5,450GWh, compared with its last mark achieved in 2014, with a saving for thecou[...]
Fungus threatens banana crops, agro chief:not to worry
Economy December 17, 2016 | 10:09 am
Santo Domingo.- After the National Association of AgriculturalProfessionals (ANPA) this week warned that Black Sigatoka is posing a threat tothousands of south region banana plantations, Agricultu[...]
Seized sugar standoff shutters Haiti-Dominican border crossing
Economy December 16, 2016 | 2:07 pm
Dajabon, Dominican Republic.- Haiti authoritieson Friday shuttered the Juana Méndez-Dajabón border crossing with chains andpadlocks to halt the market held Fridays and Mondays, in reprisa[...]
Gasoline, diesel up a 3rd straight week; propane, natural gas stay put
Economy December 16, 2016 | 12:55 pm
Santo Domingo.- The Industry and Commerce Ministry on Fridayposted the fuel prices in effect until December 23, when premium gasoline willcost RD$205.8 and regular will cost RD$190.20, an increase[...]
Environment auctions seized wood, funds pay reforestation
Economy December 15, 2016 | 4:27 pm
Santo Domingo.- The Environment Ministry onthursday sold in public auction around RD$2.0 million in forest products thathad been confiscated across the country.
The agency carried out activit[...]
Dominican economy’s 6.2% growth tops in Caribbean, LatAm
Economy December 15, 2016 | 12:28 pm
Santiago, Chile. - Dominican Republic's 6.2%,GDP of 6.4% growth will lead in Latin America and the Caribbean economies thisyear and likely also 2017, the Economic Commission for Latin America and t[...]
Dominican Republic’s precarious perch over China-Taiwan chasm
Economy December 15, 2016 | 11:22 am
Santo Domingo.- Foreign minister MiguelVargas on Wednesday said despite Dominican Republic's continuing official ties withTaiwan, it maintains contacts in Beijing "to explore new markets,"[...]
Push seeks to boost trade along a modern Dominican-Haiti border
Economy December 15, 2016 | 9:30 am
Santo Domingo.- Foreign minister MiguelVargas on Wednesday announced the "Laredo Initiative" agreement signed by the US, Dominican Republic and Haiti,to establish a binational program to [...]
Returning Dominicans spend 539.7% more than foreign tourists
Economy December 15, 2016 | 9:05 am
Santo Domingo .- Dominicans who visited thecountry last year on average spent six times more than what tourists of othernationalities consumed, according to the National Statistics Office (ONE) rep[...]
Deputies approve124.4M euros for Metro as opposition walks
Economy December 14, 2016 | 3:29 pm
Santo Domingo.- The Chamber of Deputies onWednesday approved two lines of credits totaling more than 74 million euros anda commercial contract for nearly US$50 million in European currency to finis[...]
Central America, Dominican Republic banks 2017outlook stable: Fitch
Economy December 14, 2016 | 10:19 am
San Salvador--(BUSINESS WIRE)--Link to FitchRatings' Report: 2017 Outlook: Central American and Dominican Republic Banks(Mixed Trends at Different Rating Levels amid Worsening Global Conditions)
US$600M bond guarantees coal-fired power plant completion, official says
Economy December 14, 2016 | 8:49 am
US$600M bond guarantees power plant completion,official says
Santo Domingo.- State-owned electric utility (CDEEE) CEO RubénJiménez Bichara on Tuesday said the fundsto complete the[...]
Dominican exports need relaunch to counter 3.4% fall
Economy December 14, 2016 | 8:30 am
Santo Domingo.- Dominican Republic's exports fell around 3.4%this year, from US$1.80 billion in 2015 to US$1.74 billion in 2016, accordingto figures released Tuesday by the Herrera industries asso[...]
Medina to expand surprise visits with US$73.9M in projects
Economy December 14, 2016 | 7:57 am
Santo Domingo.- "We're going to look fornew opportunities for productive projects, including environment, tourism,energy and light industry," said Administrative minister José Ram[...]