Customs to charge a sweeping 9% tax starting next year
Economy October 3, 2016 | 11:00 am
Santo Domingo.- Starting next year the government plans,through Customs, a 9% ITEBIS tax on raw materials, industrial machinery andcapital goods which currently pay zero, according to Article 24 of[...]
High-tech boosts Santo Domingo ports’ for roll-on, roll-off service
Economy October 3, 2016 | 10:30 am
Santo Domingo.- Sans Souci Port of Santo Domingo on Sunday announcedan agreement with the services company Fast Auto Logistics FAL, subsidiary ofFast Terminal International, to modernize the proces[...]
Public Works plans more bridges across the capital’s rivers
Economy October 3, 2016 | 9:12 am
Santo Domingo.- The Public Works Ministry plans to build severalbridges across the Ozama and Isabela rivers to link the National District and easternSanto Domingo at the most suitable sites.
[...]
Govt. to resume construction of major dam in 2017 with RD$491.0M
Economy October 3, 2016 | 8:22 am
Santo Domingo.- Constructionof Monte Grande Dam will resume next year, for which the Government seeks RD$491million in external funding for the project that will benefit four Southwest provinces.<[...]
Business leaders push to manage north coast’s only deep-water port
Economy October 1, 2016 | 10:30 am
Santiago.- Although the Government has rescinded theagreement to hand over management of Manzanillo port in Montecristi province(northwest), business leaders and local investors still push to take [...]
Dominican Republic to offer US$1.0B shares in coal-fired plants
Economy October 1, 2016 | 9:56 am
Santo Domingo.- The government of the Dominican Republic aimsto sell US$1.0 billion in shares of its coal-fired power plants at PuntaCatalina (south) to prop up the Caribbean nation’s 2017 budget[...]
All fuel prices climb, except natural gas
Economy September 30, 2016 | 11:32 am
Santo Domingo.- The Industry and Commerce Ministry on Fridayposted fuel prices for the week October 1 to 7, when premium gasoline will costRD$198 per gallon, an increase of RD$1.60, while regular g[...]
Dominican Govt. pulls US$543.5M from pension fund for roads
Economy September 30, 2016 | 8:26 am
Santo Domingo.- The Risk Classification and InvestmentRestrictions Commission on Thursday revealed the approval of up to RD$25.0 billion(US$543.5 million)from the pension fund in the program to Ope[...]
Haiti, Dominican officials’ meeting heralds stronger trade ties
Economy September 29, 2016 | 4:00 pm
Santo Domingo.- The foreign ministers of the DominicanRepublic, Miguel Vargas and of Haiti, and Pierrot Delienne, on Thursday announceda meeting of the Joint Bilateral Commission set for October 19[...]
Official heads planting of US$700M per year tobacco crop
Economy September 29, 2016 | 3:39 pm
Santo Domingo.- With dozens of technicians, growers andofficials of the Dominican Republic Tobacco Institute (Intabaco) present on Wednesdaywas launched the 2016 to 2017 tobacco crop in the town Vi[...]
Environment halts agro, livestock on sensitive highlands
Economy September 29, 2016 | 12:13 pm
Santo Domingo.- The Environment Ministry on Thursday announceda plan to recover the area of Valle Nuevo including Juan Bautista Pérez Rancier National Park, and issued a 120-day deadline tofa[...]
Dominican traffic cops unleash drones to curb chaos
Economy September 29, 2016 | 11:14 am
Santo Domingo.- The Metropolitan Transit Authority (Amet) onThursday said it has started using drones to help in it daily work to expedite trafficin the heard of Santo Domingo known as the Central [...]
Dominican agro sector: Time to renegotiate DR-CAFTA free trade deal
Economy September 29, 2016 | 10:35 am
Santo Domingo.- Dominican Republic’s agro producers(Confenagro) on Thursday said the DR-CAFTA free trade deal must be reviewed andevaluated, as stipulated in executive order 260-16 issued Sept. 1[...]
2017 Budget of US$15.3B boosts education, public health, public safety
Economy September 28, 2016 | 4:47 pm
Santo Domingo.- PresidentDanilo Medina’s cabinet on Wednesday approved the draft of the 2017 Budget of RD$711.4billion (US$15.3 billion) budget, which is RD$47. 8 billion more compared with 2016[...]
Dominican Republic among region’s most stagnated nations: Report
Economy September 28, 2016 | 4:19 pm
San Jose, Costa Rica.- The Dominican Republic is among themost stagnated countries in the region, according to the Global CompetitivenessReport of the World Economic Forum (WEF), which states that [...]
Dominican workers’ pension fund tops US$8.8B
Economy September 28, 2016 | 10:12 am
Santo Domingo.- As of July 30 Dominican Republic’s pensionfund reached RD$401.3 billion (US$8.8 billion), according to the quarterly bulletinpublished by the Pension Superintendence (SIPEN).
<[...]Dominican Industries agree: dodge taxes, shutter the business
Economy September 28, 2016 | 7:58 am
Sano Domingo.- Dominican Republic Industries Association (AIRD)president Campos de Moya on Tuesday said he agrees with the Internal Taxes Agency’s(DGII) shuttering of all businesses which evade t[...]
Environment brings US experts to fight beetle that attacks pines
Economy September 27, 2016 | 3:57 pm
Santo Domingo.- The Environment Ministry organized a seriesof educational and scientific activities from Sept. 19 to 24 to identify andeliminate two beetle parasites (Ips calligraphus and Ips grand[...]
Govt.: 4.6M tourists visit Dominican Republic to August
Economy September 27, 2016 | 1:22 pm
Santo Domingo.- From January to August 4.6 million touristscame to the Dominican Republic, while the Tourism Ministry projects the figurewill reach around 6.0 million visitors by yearend 2016.
<[...]Dominican Govt. wants more renewable energy, with rules
Economy September 27, 2016 | 12:31 pm
Santo Domingo.- Energy and Mines minister Antonio Isa on Tuesday said the promotion of renewableenergies occupies a special place on the government agenda, which designspolicies which secure inves[...]