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 [...]
Dominican wheat consumption among region’s highest: Worldgrain.com
Economy April 14, 2016 | 4:50 pm
Washington. — Wheat consumptionin the Dominican Republic during 2016-17 is forecast at 405,000 tonnes, withimports remaining strong at 530,000 tonnes, the U.S. Department ofAgriculture’s (USDA)[...]
British Chamber of Commerce to host breakfast for UK envoy in Dominican Republic
Economy April 14, 2016 | 4:25 pm
Santo Domingo.- UK Ambassador inthe Dominican Republic, H. M. Chris Campbell, will share his views on thechallenges and contribution of business to the economic development of thecountry, during a [...]
Top cement maker, leading university to advance R&D on construction
Economy April 14, 2016 | 3:33 pm
Santo Domingo.- Cemex Dominicana and Intec University on Thursday signed an academic, scientific and cultural cooperation agreement, to raise the construction sector professionalism and innovation [...]
Dominican Republic leader says only paying will halt the spiraling debt
Economy April 14, 2016 | 2:34 pm
Santo Domingo.- President Danilo Medina on Thursday said theonly thing that will halt the country’s spiraling foreign debt is to strike abalance by surmounting the hurdles of interest payments an[...]
US envoy announces help to improve road traffic, reduce deaths
Economy April 14, 2016 | 8:57 am
Santo Domingo.- US ambassador James Brewster on Thursday visitedthe Metropolitan Transit Authority (AMET) director Frener Arias, to discuss roadsafety, training programs, improving traffic and redu[...]
French firm to manage most Dominican airports
Economy April 14, 2016 | 8:40 am
Santo Domingo.- France-based company VINCI Airports on Thursdayannounced it has assumed full control of six major airports from contractor AerpuertosDominicanos Siglo XXI (Aerodom).
VINC pres[...]
Business leader warns against a spiraling foreign debt
Economy April 13, 2016 | 5:51 pm
Santo Domingo.- National Business Council (CONEP) presidentRafael Blanco on Wednesday said one of his sector’s priorities is to make theDominican economy an exporter, because in his view, if the[...]
The country joins regional pension network of the IDB
Economy April 13, 2016 | 5:32 pm
Montevideo.- TheInter-American Development Bank (IDB) on Wednesday launched a project that seeks to improve the institutional andtechnical capacity of pension institutions in Latin America and the[...]
Another swank tower for Dominican capital’s financial district
Economy April 13, 2016 | 5:09 pm
Santo Domingo.- Real Hotels & Resorts Group on Wednesdayannounced the opening of its five-star hotel Real InterContinental SantoDomingo for this summer. It will be the eighth InterContinent[...]
Medina breaks ground on 55.7M euros water treatment plant
Economy April 13, 2016 | 1:03 pm
Santo Domingo.- President Danilo Medina headedgroundbreaking Wednesday for the construction of a water treatment plant on theOzama River, at a cost of 55.7 million euros, funded by Deutsche Bank.[...]
Crews link suspension bridge for Metro Line 2
Economy April 13, 2016 | 9:02 am
Santo Domingo.- The final link in the suspension bridge toextend the Santo Domingo Metro Line 2 being built over the Ozama River, wascompleted on Tuesday
The imposing 800-meter long structure[...]
March prices virtually unchanged, paced by housing
Economy April 13, 2016 | 8:38 am
Santo Domingo.- Dominican Republic’s Central Bank on Tuesdaysaid March prices were virtually unchanged at -0.01%, with accumulated inflationfrom January to March of -0.58%.
Annualized infla[...]
Major Dominican business group agrees with Panama Papers probe
Economy April 13, 2016 | 7:54 am
Santo Domingo.- American Chamber of Commerce (AMCHAMDR) executivevice president William Mallamud on Tuesday said the creation of offshores basedin tax havens with possible links to local companies [...]
Medina cuts ribbon on US$15.3M agro project in south region
Economy April 12, 2016 | 3:44 pm
Azua, Dominican Republic.- President Danilo Medina on Tuesdaycut the ribbon on the first stage of Agricultural Development Project II, inPueblo Viejo, Azua (south), which will benefit over 170,000 [...]
IMF reiterates Dominican Republic 5.4% growth in 2016
Economy April 12, 2016 | 1:04 pm
Washington.- The economy of Latin America and the Caribbeanwill contract 0.5% this year, the International Monetary Fund (IMF) said Tuesday,but notes a divided region, with the north benefiting fro[...]
Latin America faces policy dilemmas post boom
Economy April 12, 2016 | 12:13 pm
Washington, April 12.– As LatinAmerica and the Caribbean enters its fifth year of economic slowdown andits second year of contraction due to an external environmentparticularly adverse to commodi[...]
Haitian senators push to lift ban on Dominican products
Economy April 12, 2016 | 11:54 am
Petionville, Haiti.- A group of Haitian senators seeks tolift the ban on the entry by land of 23 Dominican products in effect sinceOctober, a measure which has hurt that country’s most impoverish[...]