Commonwealth nations are Dominican Republic’s top foreign investors
Economy July 12, 2016 | 3:52 pm
Santo Domingo.- The nations of the British-led Commonwealthaccount for the highest foreign investment in the Dominican Republic, with capitalof around US$6.2 billion in the past 10 years in sectors[...]
Local students design floor tile that turns sunlight into clean energy
Economy July 12, 2016 | 3:27 pm
Santo Domingo.- The Technological Institute of SantoDomingo (INTEC) on Tuesday said a group of senior Electrical Engineering studentsdesigned a floor tile that produces clean energy by harnessing t[...]
Hispaniola’s biggest lakes gradually recede to historic levels
Economy July 12, 2016 | 9:04 am
Boca de Cachon, Dominican Republic.- Slowly but steadily,the water of lakes Enriquillo and Azuei, on the Haitian side, have dropped tothe level similar to when they began to encroach on the surroun[...]
Honduras leader lauds Medina’s social projects
Economy July 12, 2016 | 8:29 am
Santo Domingo.- PresidentDanilo Medina on Monday hosted Honduran leader Juan Hernandez to a tour of thelow income housing projects La Nueva Barquita, and Ciudad Juan Bosch amongother sites of socia[...]
Santiago mayor-elect gets first-hand info in Fort Myers
Economy July 11, 2016 | 3:14 pm
Santiago.- Santiago mayor-elect Abel Martinez on Sundaytraveled to Fort Myers, Florida, where he met with its mayor, Randall P.Henderson, and other city officials.
"One of the objectives[...]
Dams chief warns of high sediment levels
Economy July 11, 2016 | 11:05 am
Santo Domingo.- National dams and canals agency (INDRHI) directorOlgo Fernandez on Monday cautioned that thousands of tons of sediment of thecountry’s 33 major dams must be removed to extend thei[...]
Deluge of new flights reveal Dominican aviation’s ‘firm steps’
Economy July 11, 2016 | 10:44 am
Santo Domingo.- The Civil Aviation Board (JAC) on Friday authorizednew international routes for passengers, mail and cargo for the Dominicanairline Air Century.
The decision taken June 29 aut[...]
Cement makers bask in steady growth, rising demand
Economy July 11, 2016 | 10:18 am
Santo Domingo.- Cement Producers Association (Adocem) presidentGabriel Ballestas on Friday said even with the construction sector’s growth andhigh cement demand the industry can supply the countr[...]
Leaders ask Government for wage adjustment for public servants
Economy July 9, 2016 | 8:09 am
Santo Domingo.- The National Federation of Public Servants (FNASP) visited El Nuevo Diario Friday to ask the Government to include a wage adjustment for public servants in the 2017 national budget.[...]
Dominican Central Bank says US$561.3M from bond a done deal
Economy July 8, 2016 | 5:16 pm
Santo Domingo.- Dominican Republic’s Central Bank on Fridayannounced having received a US Federal Reserve Swift notice on Thursday, of a US$561.3million deposit to the Dominican Treasury account,[...]
Largest Dominican telecom reports network outage
Economy July 8, 2016 | 3:34 pm
Santo Domingo.- Dominican Republic’s largest telecom Claro onFriday reported a network outage during several hours, preventing customersfrom making or receiving calls.
According to a statem[...]
Propane up, gasoline down, diesel, natural gas stay put
Economy July 8, 2016 | 11:57 am
Santo Domingo.- For the week from July 9 to 15, premium gasolinewill cost RD$201.70, or RD$4.00 less, and regular will cost RD$184.60, or RD$2.30lower per gallon, the Ministry Industry and Commerce[...]
Nurses accept Govt. wage hike offer, urge doctors do likewise
Economy July 8, 2016 | 11:18 am
Santo Domingo.- Eight health sector unions, led by nurses,on Friday announced they’ve accepted the Government’s wage increase and pensionoffer and denied divisions with the other guilds involve[...]
Top official wants to nix fuel subsidies that cost taxpayers RD$2.0B
Economy July 7, 2016 | 3:55 pm
Santo Domingo.- Industry and Commerce minister José delCastillo on Thursday said fuel subsidies cost Dominican taxpayers around RD$2.0billion, despite a decrease on falling global oil prices.<[...]
Alleged dollar shortage doesn’t worry Dominican agro sector
Economy July 7, 2016 | 11:10 am
Santo Domingo.- Dominican Agribusiness Board (JAD) presidentOsmar Benitez on Thursday said Dominican Republic has enjoyed a remarkablemacroeconomic stability during the last 10 years, thanks to &qu[...]
Taxi drivers protest Uber’s ‘illegal’ operation at busy airport
Economy July 7, 2016 | 9:53 am
Santo Domingo.- The Las Americas Airport’s Taxi Drivers Unionon Wednesday picketed in front of the terminal during more than two hours to protestallegedly illegal operation of vehicles by the tra[...]
Dominican Republic speculative ‘bubble’ spooks the dollar
Economy July 7, 2016 | 7:48 am
Santo Domingo.- Centralbanker Hector Valdez Albizu on Wednesday blamed the scarcity of dollars on "asort of speculative bubble in the foreign exchange market" partly a resultof "the[...]
Industries: First the electric pact then fiscal agreement
Economy July 6, 2016 | 4:42 pm
Santo Domingo.- Dominican Republic Association Industries (AIRD)president Campo de Moya on Wednesday said prior to starting any debate on theFiscal Pact and other initiatives, to conclude the talks[...]
US$522M Export Fair contracts to create 15,000 jobs, official says
Economy July 6, 2016 | 2:38 pm
Santo Domingo.- RD Exporta 2016, the first and biggest nationalexport promotion fair held recently in the country surpassed expectations withcontracts totaling US$522 million, that will create an e[...]
Strip us of the fuel subsidy and we walk, bus owners warn
Economy July 6, 2016 | 2:13 pm
Santo Domingo.- The country’s bus owners associationgrouped in CONATRA on Wednesdaythreatened to raise fares or park their vehicles if the government strips themof the fuel subsidy through a new[...]