Puerto Plata needs RD$100.0M+ for fixes, ‘gets only 10M’
Economy December 13, 2016 | 11:04 am
Puerto Plata.- Mayor Walter Musa on Tuesdaysaid his town requires more than RD$100.0 million to deal with the heavydamages from the torrential rains and ensuing flooding.
He said he has only [...]
World Bank, Dominican Gov. launch US$50.0M project to boost education
Economy December 13, 2016 | 10:22 am
Santo Domingo. - Dominican Education ministerAndres Navarro, with World Bank vice president for Latin America and theCaribbean, Jorge Familiar on Monday launched a project to support the National E[...]
Moody’s rates ‘robust’ Dominican financial system B1
Economy December 12, 2016 | 9:32 am
Santo Domingo.- International risk raterMoody's recently stressed the robust Dominican financial system, evidenced by itsadequate level of solvency, liquidity, profitability and efficiency, as well[...]
Natural gas unchanged, all other fuels jump again
Economy December 9, 2016 | 10:32 am
Santo Domingo.- The Industry and Commerce Ministry on Fridayposted the fuel prices for the week from December 10 to 16, when premiumgasoline will cost RD$202.80, and regular will cost RD$187.20,[...]
US Embassy improves visa services
Economy December 9, 2016 | 9:45 am
Santo Domingo. - The United States Embassy inSanto Domingo is pleased to share four improvements in our visa services thatdemonstrate our commitment to provide the best possible consular assistance[...]
Business leader says Govt., private sector must prioritize exports
Economy December 9, 2016 | 9:26 am
Santo Domingo.- The President of the RoundTable of Commonwealth Countries in the Dominican Republic, Fernando GonzálezNicolás on Thursday requested to join efforts between the government [...]
November flooding: US$64.5M in losses to banana plantations
Economy December 8, 2016 | 8:31 am
Santo Domingo.- The flooding from November's downpourshas left nearly US$64.5 million in losses to the banana sector, one of the hardesthit in the Dominican Republic, EFE reports.
Dominican B[...]
Dominican Securities Market trades jump 30.2% to US$34.8B
Economy December 7, 2016 | 9:08 am
Santo Domingo.- Dominican Republic's Securities Superintendence(SIV) on Tuesday said the country's Securities Market reached RD$147.0 billion just in November trades, totaling RD$1.65trillion (US[...]
Trucker’s walkout nationwide on fuel subsidy, higher fees
Economy December 7, 2016 | 8:02 am
Santo Domingo.- The national truck ownersassociation (Fenatrado) staged a 24-hour walkout on Tuesday to demand that theGovernment repeal the fuel subsidy to the business sector and a general wage i[...]
Dominican tourism sector to consume US$8.8B locally in 2016
Economy December 6, 2016 | 11:10 am
Santo Domingo.- The tourism sector's domestic consumption of goods and services is expected to reach RD$403.0 billion (US$8.8 billion) in 2016, according to the National Hotels and Restaurants Asso[...]
Tampa Bay trade mission arrives in Dominican Republic
Economy December 6, 2016 | 8:25 am
Santo Domingo.- A group of 36 businessleaders from Tampa Bay, Florida, traveled to the Dominican Republic on Mondayto participate in a trade mission hosted by the US Embassy Commercial Service.
[...]Industry lauds 5 years of progress on hard work
Economy December 6, 2016 | 8:11 am
Santo Domingo.- Dominican Republic IndustriesAssociation (AIRD) president Campos De Moya on Monday lauded the sector for itshard work during the two years of his tenure and stressed the progress in[...]
Central Bank announces US$347.8M for low-cost housing loans
Economy December 5, 2016 | 4:44 pm
Santo Domingo.- Central banker Héctor Valdez Albizu on thursdaysaid an additional RD$12.0 billion from the legal reserve of multiple banks andS & Ls to build low-cost housin of up to [...]
Dominican Republic has US$534.8M to repair flood damage
Economy December 5, 2016 | 2:53 pm
Santo Domingo.- Finance minister Donald Guerreroon Wednesday said the National Budget counts with US$434.8 million to repairdamages in provinces declared in a state of emergency, from the month-lon[...]
Environment makes it easier to build in urban areas
Economy December 5, 2016 | 12:26 pm
SantoDomingo.- It will soon be easier for Dominican Republic builders in urban areas,said the Environment Ministry, which will streamline its EnvironmentalAssessment Regulation Process, to reduce t[...]
Govt. starts paying workers US$269.6M in Christmas bonus
Economy December 5, 2016 | 8:34 am
Santo Domingo.- The Government will start to disburseRD$12.4 billion (US$269.6 million) for the Christmas bonus also known as the 13thsalary to its employees today Monday.
Last week Administr[...]
Popular auto fair sells US$93.7M as SUVs lead again
Economy December 5, 2016 | 7:42 am
Santo Domingo.- The 21st annual auto fair AutoferiaPopular ended Sunday with more than RD$ 4.31 billion (US$93.7 million) in loansapproved for 3,465 vehicles, surpassing last year's figures.
[...]
Natural gas unchanged, all other fuels jump
Economy December 2, 2016 | 11:25 am
Santo Domingo.- The Industry and Commerce Ministryon Friday posted the fuel prices in effect from Dec. 3 to 9, when premiumgasoline will cost RD$199.80 and regular RD$184.20 per gallon, both RD$3.0[...]
Sustained beach erosion scrambles the tourism industry
Economy December 2, 2016 | 9:49 am
Santo Domingo.- The Dominican Republic, whoseeconomy largely depends on tourism, specially the 'Sun & Sand' model, hasbeen subjected to gradual erosion during the last few years and threate[...]
Santo Domingo Metro Line 2 needs 124.4M euros to finish
Economy December 2, 2016 | 9:14 am
Santo Domingo.- Transport Reform Office (Opret)director Diandino Peña on Thursday said Santo Domingo's Metro has served morethan 350 million passengers.
He said annually the Government v[...]