Consumer protection warns of glitches in Honda, Citroën, Subaru
Economy November 7, 2016 | 4:19 pm
Santo Domingo.- The consumer protectionagency (Pro Consumidor) on Monday issued new alerts for glitches from thefactory on vehicles of the various Honda models, Citroën, and the Subaru Legacya[...]
Industries laud Central Bank on dollars galore
Economy November 7, 2016 | 1:25 pm
Santo Domingo.- Herrera and Santo DomingoProvince Industries Association (AEIH) president Antonio Taveras on Monday laudedthe Central Bank's "effective" and recent measures to ease thepre[...]
Son of ‘impenitent tax dodger’ blows the whistle on tax cheats
Economy November 7, 2016 | 8:59 am
Santo Domingo.- “Exemptionphilia” is whatoutspoken economist Andy Dauhajre calls a marked fear of even respectedcompanies to omit the ITEBI (VAT) tax in their billing.
It's of note that D[...]
Official tells Brits of Dominican competitiveness on trade
Economy November 4, 2016 | 12:32 pm
Santo Domingo.- Industry and Commerce ministerTemistocles Montas on Friday called trade promotion an essential element of theDominican Government's actions for the National Development Strategy, as[...]
Gasoline, diesel, propane fall, natural gas unchanged
Economy November 4, 2016 | 11:20 am
Santo Domingo.- . All fuels except naturalgas will cost less from Nov. 4 to 11, the Industry and Commerce Ministry announcedFriday.
Premium gasoline will cost RD$202.80 andregular will cost R[...]
Fiscal policies should benefit poorest Dominicans: World Bank
Economy November 3, 2016 | 3:33 pm
Santo Domingo. - A World Bank report releasedThursday suggests that the Dominican Republic can eradicate extreme poverty throughimprovements in fiscal and social policy.
The study entitled &q[...]
Dominicans pay Latin America’s highest web and phone prices
Economy November 3, 2016 | 3:08 pm
Santo Domingo.- Fixed broadband internet,fixed residential telephone and mobile prepaid services are more expensive inthe Dominican Republic than in the rest of Latin America, according to a study [...]
Dominican Republic certified against freight risks, illegal trade
Economy November 2, 2016 | 11:16 am
Santo Domingo.- The internationalcertification issued by the Business Alliance for Secure Commerce (BASC) to theDominican Republic establishes a robust system of control and securitymanagement in c[...]
IMF report a mixed bag on Dominican economy
Economy November 2, 2016 | 10:09 am
Santo Domingo.- The rising debt stymied the Administration'soverall balance from 2005 to 2014, whenthe Non-Financial Public Sector Liabilities (NFPS) tripled, to 53% of GDP by2014, by related to t[...]
US, local agencies agree to boost pineapple harvests, exports
Economy November 1, 2016 | 10:31 am
Cevicos, DominicanRepublic.- The pineapple farmers of Cevicos grouped in APROPIC and the US-basednonprofit International Executive Service Corps (IESC) on Monday announced anagreement to improve pi[...]
Sediment chokes icon Dominican dam, agency warns
Economy November 1, 2016 | 9:51 am
Santo Domingo.-The Regional Development Council (CRD) technical department on Monday listedthe problems and potential solutions for the country's hydroelectric dams basedon several studies.
A[...]
Panama asks Dominican Republic to not list it as tax haven: EFE
Economy November 1, 2016 | 8:08 am
Panama.- Panama on Monday asked the DominicanRepublic to remove it from the latter´s list of tax havens and to start consideringa "cooperative jurisdiction in tax matters," EFE repor[...]
IMF is told of robust growth in the Dominican economy
Economy October 31, 2016 | 4:41 pm
Santo Domingo.- Centralbanker Héctor Valdez Albizu on Monday met with the technical delegation of theInternational Monetary Fund (IMF) in a Staff Visit the country to monitor thebehavior of th[...]
Dominican Republic bans export of exclusive semiprecious stone
Economy October 31, 2016 | 11:56 am
Santo Domingo.- The Energy and Mines Ministry -MEM- will for the first time regulate exportsof Dominican Republic's semiprecious stones ambar and larimar, the latter foundonly in the Dominican Repu[...]
Demands to probe Brazilian plane bribe scandal mount
Economy October 31, 2016 | 11:18 am
Santo Domingo.- The civic movement CitizenParticipation (PC) on Monday became the latest entity to demand that the Justice Ministry do its job and investigate, identify and prosecute Dominican gove[...]
Dominicans can profit from Brexit’s trade opportunities
Economy October 31, 2016 | 10:39 am
Santo Domingo.- UK Minister for Europe andthe Americas, Alan Duncan on Friday headed a breakfast hosted by the British Chamber of Commerce of theDominican Republic (Britcham) where he analyzed the[...]
Central Bank raises overnight rate from 5.00 to 5.50%
Economy October 31, 2016 | 8:40 am
Santo Domingo.- The Central Bank (BC) raisedits overnight rate from 5.00 to 5.50% annually , a decision it affirms aims to a deal with "possible deviation ininflation targets that could be pr[...]
Venezuela halts oil supply to Dominican Republic: official
Economy October 31, 2016 | 7:59 am
Santo Domingo.- The CEO of Dominican Republic'sState-owned oil refinery (REFIDOMSA) on Sunday revealed that Venezuela isn'tdispatching crude to the country, for which it has had to resort to otherm[...]
Dominican Republic asks IDB US$145M to reforest river basins
Economy October 28, 2016 | 5:01 pm
Santo Domingo.- The Dominican Republic hasrequested US$145 million in funding fromthe Inter-American Development Bank (IDB) for several sustainable communitydevelopment projects to recover rescue [...]
We have everything to be region’s logistics hub: port expert
Economy October 28, 2016 | 12:19 pm
Santo Domingo.- A shipping and port sector experton Friday said the Dominican Republic has the geographical conditions and technologyto become the region's logistics operations center.
The af[...]