Pacific trade pact hurts local garment exports the most, study says
Economy July 6, 2016 | 11:49 am
Santo Domingo.- Garments top the list of 13 Dominicanexport products that would be most affected in the US market by competitionfrom the Trans-Pacific Partnership (TTP) countries, according to an a[...]
Public sector work schedules must change to ease traffic crunch: Poll
Economy July 5, 2016 | 12:29 pm
Santo Domingo.- The Public Administration Ministry (MAP) onTuesday disclosed the results of a survey of 4,521 civil servants on timechanges in government agencies, which found that 95% of those pol[...]
Major ship docks a Caucedo, heads to 2nd Panama crossing
Economy July 5, 2016 | 12:12 pm
Santo Domingo.- A container ship of the company "MSCBrunella" arrived in the Dominican Republic on Monday afternoon afterhaving sailed from Hamburg, Germany.
The freighter is the fi[...]
Customs US$1.02B midyear revenue sets record
Economy July 5, 2016 | 7:45 am
Santo Domingo.- Customs Agency revenue January to June toppeda record RD$46.8 billion (US$1.02 billion), a 9.71% jump and RD$4.1 billion morethan the same period last year.
Customs collected [...]
Government softens as big business cranks the pressure
Economy July 4, 2016 | 4:02 pm
Santo Domingo.- After National Business Council presidentRafael Blanco called for reforms and said the country’s political system had collapsed, several business and industrial associations exp[...]
Business leaders to mull legal security’s impact on investment
Economy July 4, 2016 | 3:36 pm
Santo Domingo.- Several chambers of commerce and business organizationswill analyze, with a large group of academics and specialists, the impact oflegal security on investment, especially foreign, [...]
Dominican Republic big business ratchet demands for reforms
Economy July 4, 2016 | 8:52 am
Santo Domingo.- The business sector on Saturday said itsupports the National Business Council’s (Conep)call for political and economicreforms they affirm the country demands, mostly changes that [...]
Another business chamber warns about legal security
Economy July 1, 2016 | 3:25 pm
Santo Domingo.- Dominican-Mexican Chamber of Commerce (CADOMEX)executive director Marco Antonio Sanchez on Friday warned that legal securityis key to sustain and increase investment in Dominican Re[...]
All fuel prices unchanged a third straight week
Economy July 1, 2016 | 11:23 am
Santo Domingo.- The Industry and Commerce Ministry onFriday posted unchanged prices on all fuels for the third straight week.
From July 2 to 8, premium gasoline will still costRD$205.70; reg[...]
British Chamber to Dominicans on Brexit: Not to worry
Economy July 1, 2016 | 10:13 am
Santo Domingo.- The British Chamber of Commerce in the DominicanRepublic (BRITCHAM) on Thursday announced a seminar in the heels of his country’srecent referendum and decision to pull out of the [...]
Central America, Dominican Republic lift ban on lobster
Economy July 1, 2016 | 9:57 am
San Salvador.- Central American countries and the DominicanRepublic on Thursday lifted the 4-month annual ban on lobster fishing in theCaribbean, in effect since March 1, to protect the reproductiv[...]
China taps youngsters to forge ties with Dominican Republic
Economy July 1, 2016 | 8:31 am
Beijing.- China’s government, through the Foreign Affairs Ministry,a wide range of local authorities and China Youth Federation representatives wantto establish diplomatic relations between the D[...]
January-May Economic Activity Index climbs 7%: Central Bank
Economy July 1, 2016 | 7:47 am
Santo Domingo.- The Central Bank on Thursday said DominicanRepublic’s Monthly Economic Activity Index (IMAE) grew 7% from January to May, “whichplaces it above its growth potential.”
Th[...]
Power companies want electricity pact before fiscal one
Economy June 30, 2016 | 1:23 pm
Santo Domingo.- The proposals on the need for a fiscal pacthave started before the electricity pact has been signed, raising concern amongsectors which say the latter must concludebefore the start[...]
Agro, agribusiness, free trade pact’s big winners: Study
Economy June 30, 2016 | 10:07 am
Santo Domingo.- The agro and agribusiness sectors have profitedthe most from the US-Central America-Dominican Republic Free Trade Agreement (DR-CAFTA)during the 10 years since it took effect, as we[...]
Unchecked Gov. spending could bring instability, Big business warns
Economy June 30, 2016 | 9:29 am
Santo Domingo.- National Business Council (CONEP) presidentRafael Blanco on Wednesday called on the Government to push for a FiscalResponsibility Law that places safeguards and enforces compliance [...]
Medina cuts ribbon on major housing project
Economy June 29, 2016 | 4:38 pm
Santo Domingo.- President Danilo Medina on Wednesday headedribbon cutting for the ambitious housing project, La Nueva Barquita, in Santo Domingo Este.
More than 1,300 families will call the [...]
European Commission recognizes Dominican coffee variety, Efe reports
Economy June 29, 2016 | 4:13 pm
Brussels.- The European Commission (EC) today on Wednesday recognizedCafé Valdesia coffee of the Dominican Republic with a protected geographicalindication (PGI), said an EU executive statemen[...]
The country launches US$500M tap on bond, Reuters reports
Economy June 29, 2016 | 2:44 pm
Santo Domingo. - The news agency Reuters reports that thecountry has launched a “US$500m tap of its 6.875% 2026 bond at 5.60% afterorder books swelled to around US$3bn.”
“A buyside sour[...]
500+ buyers from 30 countries at first Dominican Export Fair
Economy June 29, 2016 | 9:02 am
Santo Domingo.- More than 500 buyers from 30 countries havebeen arriving since Monday to attend the first export fair being held at SanSouci port, where some 500 local distributors show just how mu[...]