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[...]
Austere leader lauds Dominicans on ‘such low taxes’
Economy October 10, 2016 | 4:44 pm
Santo Domingo.- Uruguay former president Jose(Pepe) Mujica on Monday said he was impressed by the way Dominican Republic's DaniloMedina governs "with such low taxes."
"All coun[...]
Customs’ 50% tax will hurt Free Zones, northern industries warn
Economy October 10, 2016 | 4:28 pm
Santiago.- North Region Industrialists Association(AIREN) president Lina Garcia on Monday warned that Customs' 50% tax will have anegative impact on Free Zone companies.
She said by enacting [...]
September prices climb 0.04% paced by transport
Economy October 10, 2016 | 4:12 pm
Santo Domingo.- The Central Bank on Mondaysaid September prices climbed 0.04% over the previous month, with cumulativeinflation for the first nine months at 0.35%.
"With this result, the[...]
Best way to protect Dominican forests? Make it a business
Economy October 10, 2016 | 11:57 am
Santo Domingo.- Senior executives of the DominicanForestry Chamber on Sunday said the best way to conserve privately-held forests is through polices which expand sustainableforest management plans[...]
Fair finances US$137.0M for 5,200 auto loans
Economy October 10, 2016 | 9:58 am
Santo Domingo.- The State-owned Reservas bank'sauto fair held this weekend financed RD$6.3 billion (US$137.0 million) to purchase5,200 vehicles, to Sunday, the event's last day.
Reservas gene[...]
Dominican Rep., Caribbean tourism leader again: Study
Economy October 10, 2016 | 9:13 am
Santo Domingo.- Tourism in the Caribbean hasone leader; Dominican Republic, as confirmed by the latest study by the US firm"Resonance Consultancy" which placed it as the top tourist desti[...]
Industries balk at Customs 50% tax on raw material imports
Economy October 10, 2016 | 8:33 am
Santo Domingo.- "If what the governmentwants is to place obstacles on the export sector and the producer of tax free items,it will do so with this measure," was Dominican Industries Assoc[...]
Dominican economy shines amid a bleak world: Central banker
Economy October 8, 2016 | 7:01 am
Santo Domingo.- Central banker Hector Valdez Albizu on Friday said Dominican Republic's economy has a sustained robust performance through prudent macroeconomic management and more efficient socio-[...]
Gasoline, diesel, propane prices climb, natural gas unchanged
Economy October 7, 2016 | 10:36 am
Santo Domingo.- The Industry and Commerce Ministryon Friday posted the fuel prices for the week from October 8 to 14, whenpremium gasoline will cost RD$200.80, an increase of RD$2.80 and regular ga[...]
Planned 50% Customs tax of ‘great concern’ for exporters
Economy October 7, 2016 | 8:25 am
Santo Domingo.- Dominican Exporters Association(Adoexpo) president Alvaro Sousa on Thursday expressed "greatconcern" on the proposal in the 2017 Budget bill in which Customs chargesa 50% [...]
Govt. pulls fuel subsidies, unions warn of freight and fare hikes
Economy October 7, 2016 | 7:58 am
Santo Domingo.- The government has yet to allocatelast month´s fuel subsidy to the associations which transport passengers and freight, without any explanation, prompting warningsfrom sector [...]
Highland town surrounded by water still gets none
Economy October 6, 2016 | 4:42 pm
Santiago.- A group of community organizationsfrom Baitoa township on Thursday demanded that president Danilo Medina order the constructionof a new aqueduct in that locality.
In a statement, [...]
Gold eases Dominican Republic US$2.3B trade deficit in Q1
Economy October 6, 2016 | 11:29 am
Santo Domingo.- DominicanRepublic's perennial trade deficit was US$2.3 billion in the first quarter, or US$134million higher than the same period last year.
According to the InternationalTrad[...]
Bucking trend, top Dominican corporation hikes wages 18%
Economy October 6, 2016 | 8:38 am
Santo Domingo.-Bucking the stance of other major employers, Central Romana Corporation and itsWorkers Union on Wednesday signed a new collective bargaining agreement withimproved working conditions[...]
Dominican Republic resorts unscathed by hurricane
Economy October 6, 2016 | 7:37 am
Santo Domingo.- DominicanRepublic´s Hotels and Tourism Association (ASONAHORES) on Wednesday said HurricaneMatthew didn't affect any of the tourist areas.
ASONAHORES president SimonSuare[...]
Trade vital for Latin America’s future growth
Economy October 5, 2016 | 4:24 pm
Wshington.– Countries in Latin America and the Caribbean are beginning to show signsof economic recovery and an increased volume of exports, including new productsin higher quality niches, accord[...]