Dominican border market slumps on Haiti’s woes
Economy November 29, 2016 | 8:11 am
Dajabon, Dominican Republic.- The crossborder market held Mondays and Fridays in the city of Dajabón, where trade betweenDominicans and Haitians is usually risk, has declined due to Haiti's en[...]
Medina cuts ribbon on RD$1.42B aqueduct to benefit 1.5M people
Economy November 28, 2016 | 12:30 pm
Santo Domingo.- President Danilo Medina on Mondaycut the ribbon on the first stage of the Eastern Aqueduct, rebuilt at a cost ofRD$1.42 billion to benefit 1.5 million inhabitants of Santo Domingo E[...]
High school grads up to 94.14% after 4 years of full-day program
Economy November 28, 2016 | 10:31 am
Santo Domingo.- Four years after the start ofthe full-day school program , student high school graduations rose from 87.56percent to 94.14 percent, according to Education minister Andrés Navar[...]
Diesel prices climb; natural gas, gasoline stay put
Economy November 25, 2016 | 11:29 am
Santo Domingo.- The Industry and Commerce Ministry on Friday postedhigher prices on diesel, while gasoline stays put.
For the week from Nov. 26 to Dec. 3, premiumgasoline will still cost RD$[...]
Buyers flock to stores as watchdog agency goes on the prowl
Economy November 25, 2016 | 9:10 am
Santo Domingo.- LED big screen TV s, inverter ACs and smartphonesare among the most sought after items in shops across the country, as DominicanRepublic consumers have irreversibly caught Black Fr[...]
Monopoly, govt. officials block clean energies: US Envoy
Economy November 25, 2016 | 8:18 am
Santo Domingo.- US ambassador James W. Brewster on Wednesday accuseda "monopoly" and government sectors of maneuvering to block theadvance of alternative energies in the Dominican Republ[...]
Altice to spend US$435.0M in Dominican Republic infrastructure
Economy November 25, 2016 | 7:58 am
Santo Domingo.- In the next three years thetelecom Altice will increase its annual investment on new infrastructure by 20%,or RD$20.0 billion (US$435.0 million).
Altice Dominican Republic pre[...]
Renewables need 40% tax break; neither sun nor wind send bills
Economy November 24, 2016 | 3:40 pm
Santo Domingo.- A prominent member of the ClimateChange Combat Committee on Thursday urged to reinstate the 40% tax break that wasrepealed from the Renewable Energy Incentive Law, to increase gener[...]
Deputies approve up to US$2.6B in debt papers to counter deficit
Economy November 24, 2016 | 3:18 pm
Santo Domingo.- The Chamber of Deputies on Thursdayapproved a bill that authorizes the Finance Ministry to issue of public debt papersfor up to RD$122.9 billion(US$2.6 billion) to counter the defic[...]
Governments can’t change rules at a whim, resort mogul warns
Economy November 24, 2016 | 11:26 am
Punta Cana, Dominican Republic.- Tourismmogul Frank Rainieri warned Wed. that for the country to remain competitive,governments cannot suddenly change the rules, referring to among others, thelevy [...]
Banana growers tally losses, expect RD$1.0B in Gov. loans
Economy November 24, 2016 | 9:25 am
Santo Domingo.- Northwest Line banana growersplace the losses from flooded plantations at RD$2.1 billion, according to DominicanBanana Association (Adobanano) president Simeón Ramírez.
Dams at full tilt as torrential rains continue
Economy November 24, 2016 | 8:51 am
Santo Domingo.- Nearly all of the country'sdams operate at their highest level in the wake of weeks of rains, said theState-owned Dominican Hydroelectric Generation Company (EGEHID).
It said [...]
Congress approves Budget of US$15.5B
Economy November 24, 2016 | 8:35 am
Santo Domingo.- After heated debates theChamber of Deputies on approved Wednesday in the first roll call the bill forthe 2017 Budget, of RD$711.4 billion (US$15.5 billion).
Of the lawmakers p[...]
Industry leader calls 50% VAT tax in advance, unacceptable
Economy November 23, 2016 | 2:37 pm
Santo Domingo.- Herrera and Santo Domingo ProvinceIndustries (AEIH) president Antonio Taveras on Wed. called the notion that thepaying 50% ITBIS (VAT) tax in advance at Customs won't have major neg[...]
Dominican Republic Black Friday: half-priced coffins
Economy November 23, 2016 | 12:00 pm
Santo Domingo.- A funeral parlor in DominicanRepublic's east region is announcing a "Black Friday" special manypeople would die for, half-priced coffins until Sunday.
The funeral ho[...]
Major mill says it will produce 120K+ tons of sugar
Economy November 23, 2016 | 11:34 am
San Pedro, Dominican Republic.- The CristóbalColón mill aims to produce more than 120,000 tons of sugar in the 2016-2017harvest, which begins at the end of Dec., by grinding 2.2 million t[...]
Dominican exports stumble in first half, as peso slumps
Economy November 23, 2016 | 9:39 am
Santo Domingo.- Exports of goods from theDominican Republic during the first six months posted bilateral depreciationsagainst the dollar and a negative annual variation rate of 0.2%, the lowestrat[...]
Medina pledges infrastructure repair, once rains cease
Economy November 23, 2016 | 8:40 am
Santo Domingo.- President Danilo Medina on Tuesdayreiterated that once the rains cease, the Government will repair damaged infrastructure."We're waiting for the rains to cease to begin work on[...]
Customs reaches US$2.24B collection goal
Economy November 22, 2016 | 3:22 pm
Santo Domingo.- Customs director Enrique Ramírez on Tuesday said it reached its goal of collecting RD$103billion (US$2.24 billion) by yearend 2016
The official, speaking at the inaugur[...]
Moneychanger balks at alleged dollar shortage
Economy November 22, 2016 | 12:52 pm
Santo Domingo.- There's no such thing as a shortage of dollarsin the country, and speculation in the informal market instead, said moneychangerRafael Báez on Tuesday.
"That's a lie[...]