Dominican economy grows 6.9% thru 3Q: Central banker
Economy October 20, 2016 | 5:33 pm
Santo Domingo.- Central banker Hector Valdez Albizu onThursday said preliminary figures show that Dominican Republic's GDP grew 6.9% fromJanuary to September, an increase he affirmed is well above[...]
Environment halts all amber extraction on ecological damage
Economy October 20, 2016 | 11:41 am
Santiago.- Environment Ministry officials accompanied bymilitary personnel on Thursday halted all extraction of the semiprecious stone amber,to prevent further ecological damage at the Septentrion[...]
Meeting of top LatAm, Caribbean, EU officials set for Oct. 24-26
Economy October 20, 2016 | 9:59 am
Santo Domingo.- Foreign minister MiguelVargas on Thursday announced the annual Meeting of Foreign Ministers and SeniorOfficials of the Community of Latin American and Caribbean States (CELAC) andth[...]
Dominican Republic exploits its beaches but ignores its waters
Economy October 20, 2016 | 7:38 am
Santo Domingo.- Dominican Republiccapitalizes on its shores by attracting nearly six million tourists a year whowant to enjoy sunny beaches and ideal climate, though still unaware of thehidden pote[...]
Entities to analyze investments based on international treaties
Economy October 19, 2016 | 4:15 pm
Santo Domingo.- The American Chamber ofCommerce (AMCHAMDR) Legal Committee in collaboration with Dominicans on WallStreet (DOWS) will host breakfast with the topic "International InvestmentTre[...]
Gov. plan to reforest mountains with coffee gets agro kudos
Economy October 18, 2016 | 3:14 pm
Santo Domingo.- Dominican Agribusiness Board(JAD) CEO Osmar Benitez on Tuesday lauded president Danilo Medina's plan toreforest Dominican Republic's mountains with coffee, because in his viewbenefi[...]
Dominican Republic joins think tank on oil production
Economy October 18, 2016 | 2:41 pm
Santo Domingo.- The Dominican Republic wasaccepted at Chatam House in London, a think tank which among other activities, gathersnew oil producing countries taking their first technical and legal st[...]
After nixing tax-free fuel for transport sector, Gov. hits the brake
Economy October 18, 2016 | 9:55 am
Santo Domingo.- The government will noteliminate other tax breaks for fuel, as requestedby some transport sector leaders who won't get the benefit any longer, but affirmedthat all beneficiary comp[...]
Doctors pact wage hike, after months of talks
Economy October 18, 2016 | 9:14 am
Santo Domingo.- After several months of talksall conditions point to the government and doctors to reach definitive wageincrease agreement this week.
On Monday Medical Association (CMD) presi[...]
Dominican Republic row heralds demise of tax-free fuels
Economy October 17, 2016 | 1:05 pm
Santo Domingo.- The chairman of the bicameralcommission that studied the bill for the 2017 Budget and San Cristobal provincesenator Tommy Galan on Monday said in addition to the transport sector, s[...]
American Chamber backs elimination of transport fuel subsidy
Economy October 17, 2016 | 10:24 am
Santo Domingo.- The American Chamber ofCommerce of the Dominican Republic (AMCHAMDR) supports the decision taken bythe government to remove fuel subsidy to cargo and passengers transport, a steptha[...]
Dominican banks agree with the Gov.: dollar not scarce
Economy October 17, 2016 | 8:24 am
Santo Domingo.- Dominican Banks Association presidentJose Manuel Lopez Valdez on Sunday agreed with Central banker Hector ValdezAlbizu's statements that the flow of hard currency into the country i[...]
Fueling confusion, two top officials butt heads over ‘scarce’ dollars
Economy October 14, 2016 | 8:39 am
Santo Domingo.- The government's two most importantfinancial officials have openly contradicted each other over a reported widespreadscarcity of dollars to cover the market's demand.
Central [...]
Dominican Cacao in London’s Chocolate Show 2016
Economy October 14, 2016 | 8:00 am
London.– In a lush setting of tropical plantsand stunning landscape photography, Dominican cacao beans arrive for the firsttime to London’s Chocolate Show, together with the best cacao products[...]
Dominican economy doesn’t make enough dollars to meet demand
Economy October 13, 2016 | 8:16 am
Santo Domingo.- Economy minister IsidoroSantana on Wednesday acknowledged thatthe Dominican economy doesn't produce enough dollars to meet the demand byproductive sectors and affirmed that the curr[...]
Brazil funding freeze won’t affect Dominican Republic works: official
Economy October 13, 2016 | 7:36 am
Santo Domingo.- The CEO of DominicanRepublic's State-owned electric utility (CDEEE) on Wednesday said the measures taken by Brazil State-ownedbank (BNDES) won't affect the works financed in Domini[...]
Brazil scandal halts major works in the Dominican Republic, AFP
Economy October 12, 2016 | 9:18 am
Rio de Janeiro.- Brazil State-owned bank BNDESon Tuesday announced it will temporarily stop disbursing around US$4.7 billion tofinance projects abroad by companies linked to the Petrobras corruptio[...]
Sept.housing construction cost up 0.29% on rebar, fuel
Economy October 12, 2016 | 8:40 am
Santo Domingo.- The Housing Construction DirectCost Index climbed 0.29% in September, on higher prices of rebar (4.24%), andfuels (3.27%).
The National Statistics Office (ONE) and the Housing[...]
Housing builders, developers join call to scrap 50% tax
Economy October 11, 2016 | 9:30 am
Santo Domingo.- Dominican Republic housing buildersand developers association (Acoprovi) president Hector Breton on Monday joinedthe call for the government to scrap the planned 50% ITEBI tax (VAT)[...]
With Joe Biden’s wife inside, police salary protest outside Palace
Economy October 10, 2016 | 5:05 pm
Santo Domingo.- Dozens of people, mostlyrelatives of National Police officers on Monday protested in front of theNational Palace demanding a wage increase for members of law enforcement.
Bann[...]