Feller-Rate raises biggest Dominican bank from AA to AA+
Economy April 26, 2016 | 8:24 am
Santo Domingo.- Banco Popular Dominicano, the country’sbiggest bank raised its credit ratings from AA to AA +, with a stable outlook, Feller-Ratesays in its latest report.
It said Popular's[...]
Haiti companies want ban on Dominican products to continue: EFE
Economy April 25, 2016 | 4:38 pm
Port-au-Prince .- The Economic Forum of the private sectorin Haiti, which groups several leading companies, on Monday asked the country'sauthorities to maintain the ban on the entryby land on 23 pr[...]
Leading telecom guarantees array of services on election day
Economy April 25, 2016 | 12:59 pm
Santo Domingo.- Dominican Republic’s biggest telecom on Mondayguaranteed its service to the Central Electoral Board (JCE) for the May 15 generalelections, and said it’s ready to meet the proces[...]
Pipes for Puerto Plata treatment plant arrive in Samaná
Economy April 22, 2016 | 5:49 pm
Samana, Dominican Republic.- Over 3,000 meters ofpolyethylene pipe to be used to install an "outfall" at Puerto Plata arrivedat Arroyo Barril port Friday, which aims to contribute to keep[...]
Most fuel prices jump a second straight week
Economy April 22, 2016 | 11:39 am
Santo Domingo.- For the second straight week the Industryand Commerce Ministry on Friday posted higher prices on most fuels, so from April23 to 29, premium gasoline will cost RD$188.90, a RD$2.50 i[...]
CEMEX Dominicana fests 20 years, announces Egypt road project
Economy April 22, 2016 | 8:34 am
Santo Domingo.- CEMEX Dominicana reaffirmed the commitmentto promote the Dominican Republic, where it boasts two decades of presence, withnew technologies that provide many economic and environment[...]
Nickel miner to resume operations, but not on contested mountain
Economy April 21, 2016 | 5:15 pm
Santo Domingo.- Energy and Mines minister Antonio Isa Condeon Thursday announced that the company Falconbridge has submitted all legal documentsrequired to obtain the permit that will allow it to r[...]
Envoy sees strong UK-Dominican Republic ties, but doubt lingers
Economy April 21, 2016 | 12:07 pm
Santo Domingo.- The United Kingdom’s new ambassador to the DominicanRepublic on Thursday forecast even stronger ties with the Caribbean nation of10 million, citing as proof the more than US$1.0 b[...]
Bark beetle wreaks havoc on Central Mountains pine forests
Economy April 21, 2016 | 11:33 am
San Jose de las Matas, DominicanRepublic.- More than 700 hectares of pine forest at Plan Sierra’s Celestinaproject have been decimated by a plague of “boring beetles” prompting losses ofnearl[...]
After decades of use abroad, Dominicans can pump their own gas
Economy April 20, 2016 | 9:58 am
Santo Domingo.- Despite its widespread use in the US fordecades, a local gas station offers savingsof 10 pesos per gallon of gasoline or regular diesel if the customer pumps thefuel.
The num[...]
UNDP to help bolster planning on public development policies
Economy April 20, 2016 | 9:18 am
Santo Domingo.- Economy minister Temistocles Montas and UN DevelopmentProgram (UNDP) representative Lorenzo Jimenez de Luis on Tuesday signed anagreement to bolster national and regional actions in[...]
Biggest power company takes plant offline as blackouts punish
Economy April 19, 2016 | 4:18 pm
Santo Domingo.- The power company AES Dominicana on Tuesdaysaid the Itabo plant’s Unit 2, with 132 megawatts of output, is temporarily outof service for the Annual Major Maintenance Program, part[...]
Dominican Republic’s low production the key hurdle to innovate
Economy April 19, 2016 | 4:02 pm
Santo Domingo.- Low production and absorption of knowledgeand weak regulatory and business environment are the main obstacles challenginginnovation in the Dominican Republic, Inter-American Develop[...]
US$12.6M in works at Las Americas highway ready in 9 days
Economy April 19, 2016 | 10:09 am
Santo Domingo.- The government will open the overpass at theLas Americas highway exit to Caucedo Port on April 28, built at a cost of US$12.6million by contractors Rizek and Moya.
Raul Rizek [...]
IMF keeps close tabs on Dominican economy’s performance
Economy April 18, 2016 | 9:27 am
Washington.- Central banker Hector Valdez Albizu met Saturdaywith International Monetary Fund (IMF) Western Hemisphere Dept. director AlejandroWerner, to review the Dominican economy’s performanc[...]
No more tax reforms, Dominican Republic needs a fiscal ‘revolution’
Economy April 18, 2016 | 7:45 am
Santo Domingo.- The president of the Greater Santo Domingo industrialcompanies association (AEIH) on Sunday said more than another tax reform, theDominican Republic needs a fiscal revolution that d[...]
Fitch Ratings calls Dominican Republic coal-fired plants ‘efficient’
Economy April 15, 2016 | 4:32 pm
Santo Domingo.- Fitch Ratings affirmed Thursday that theDominican Republic could displace less efficient generators when the 720 megawattsof energy from the Punta Catalina coal-fired power plants c[...]
Gasoline, diesel prices jump ; natural gas unchanged(Correct)
Economy April 15, 2016 | 11:07 am
Santo Domingo.- The Industry andCommerce Ministry on Friday posted higherprices on most fuels for the week from April 16 to 23, when premium gasolinewill cost RD$186.40, or RD$2.50 more and regula[...]
Elections won’t affect Dominican economic performance: Central banker
Economy April 15, 2016 | 8:49 am
Santo Domingo.- Central banker Hector Valdez Albizu on Thursdaysaid it’s unlikely that the electoral process affects the Dominican economy’s performance.
"We project that the Dominic[...]
Haiti, Dominican Republic ministers meeting ‘momentous’
Economy April 15, 2016 | 8:21 am
Santo Domingo.- Foreign minister Andrés Navarro called the meetingThursday with Haiti counterpart Pierrot Delienne “momentous,” and that it marksthe formal resumption of the talks between [...]