Dominican Republic basks in lower debt from cheaper oil
Economy February 5, 2016 | 8:00 am
Santo Domingo.- Plummeting global crude prices have notonly provided the Dominican Republic with cheaper fuel, but has also reduced itsneed to borrow through the PetroCaribe agreement.
The co[...]
As crisis rages Puerto Rico firms head to Dominican Republic: EFE
Economy February 4, 2016 | 4:53 pm
Santo Domingo .- Contrary to whathad become commonplace for decades, a growing number of Puerto Rican companiesare making headway in Dominican Republic as a strategy to survive the island-nation’[...]
Alleged rice imports peeve growers
Economy February 4, 2016 | 9:03 am
Santo Domingo.- Rice growers are ready to hit the street toprotest, if the government allows imports of the grain beyond the 400 millionpounds agreed within the DR-CAFTA trade deal.
National [...]
Partial lifting of US agro ban buoys farmers
Economy February 3, 2016 | 8:18 am
Santo Domingo.- The partial lifting of the nine months longban that halted access to its main market has buoyed domestic producers’ futureprospects, as containers full of fruits and vegetables ag[...]
Dominican Republic to get part of US$2.5B regional IDB aid: EFE
Economy February 2, 2016 | 4:42 pm
Panama.- The Inter-American Development Bank (IDB) willprovide at least US$2.5 billion to Central America and Dominican Republic in2016 for sustainable development projects, an official said Tuesda[...]
Direct foreign investment tops US$21.1B in nine years
Economy February 2, 2016 | 8:46 am
Santo Domingo.- The flow of foreign direct investment (DFI)into Dominican Republic exceeded US$21.14 billion during the past nine years (2006-2015),mainly in tourism; with just eight European count[...]
Border market normal despite Haiti’s political turmoil
Economy February 2, 2016 | 8:20 am
Dajabon, Dominican Republic.- The violence in the north andother parts of Haiti in the heels of the twice-suspended presidential election didn’taffect the bilateral market held Mondays and Friday[...]
Panama officials tour biggest Dominican power plant
Economy February 1, 2016 | 10:02 am
Santo Domingo.- A delegation of senior Panama governmentofficials visited the AES Andres power complex in Boca Chica, the country’sbiggest generation facility, where they were shown how natural g[...]
Big business asks opposition party to rejoin electricity pact talks
Economy February 1, 2016 | 9:41 am
Santo Domingo.- National Business Council (Conep) executivevice president Rafael Paz on Sunday said it’s crucial that the talks seeking tohammer out the National Electricity Pact continue, and ca[...]
Industrial performance ‘encouraging,’ but hurdles remain
Economy February 1, 2016 | 8:37 am
Santo Domingo.- The president of the country’s biggest industriesassociation (AEIH) on Sunday said is encouraging that local manufacturing is amongthe sectors that boosted GDP in 2015, and expect[...]
Dominican Central Bank keeps steady policy rate at 5%
Economy January 30, 2016 | 9:35 am
Santo Domingo.- The Central Bank on Friday said it kept its policy rate steady at 5%, with inflation expected to gradually converge towards the center of its target range in the policy horizon alth[...]
Gasoline, propane, diesel prices rise, natural gas stays put
Economy January 29, 2016 | 12:40 pm
Santo Domingo.- The Industryand Commerce Ministry posted the fuel prices for the week from January 30 toFebruary 5, when premium gasoline will cost RD$175.30 an increase of RD$1.60 andregular gasol[...]
Environment sets rules on scrap metal, used tires, batteries
Economy January 29, 2016 | 10:35 am
Santo Domingo.- The EnvironmentMinistry on Thursday released the technical regulations for the handling of scrapmetal, used tires and lead-acid batteries to prevent contamination and the degradatio[...]
Top Colombia official coming to talk free trade
Economy January 28, 2016 | 10:39 am
Santo Domingo.- ColombiaIndustry, Commerce and Tourism minister Cecilia Alvarez on Wednesday said she willcome to the Dominican Republic in February when she expects the talks leadingto a free trad[...]
French group Total gets majority stake in Shell gas stations
Economy January 28, 2016 | 10:11 am
Santo Domingo.- StartingFebruary Shell gas stations will become Total, the French oil group that boughtthem from the Dominican-based V Energy Group.
On Wednesday the groupsaid the redesign of[...]
Second biggest telecom´s US$138.0M to expand 4G grid
Economy January 28, 2016 | 8:39 am
Santo Domingo.- TheAltice group, which operates telecoms Orange and Tricom in Dominican Republic, onWednesday said it will invest RD$6.2 billion (US$138.0 million) this year to installnext-generati[...]
Opposition party pull out a major blow to electricity pact
Economy January 27, 2016 | 10:14 am
Santo Domingo.- Themajor opposition PRM party on Tuesday announced its withdrawal from the talksaimed at forging the Electricity Pact, citing the lack of necessary conditions toensure the agreement[...]
LatAm, Caribbean must rethink production model: Ex-president
Economy January 27, 2016 | 8:32 am
Santo Domingo.- FormerPresident Leonel Fernandez on Tuesday said Latin America and the Caribbean mustrethink their production model to resume economic growth and successfully surmountglobal challen[...]
Dominican exports to climb from US$9.6B to US$10.0B this year
Economy January 26, 2016 | 1:27 pm
Santo Domingo.- DominicanRepublic Export and Investment Center (CEI-RD) director Jean Alain Rodriguez onTuesday said Dominican exports topped US$9.6 billion in 2015, and expects the figureto surpas[...]
Dominican Republic employers list hurdles to wage hike
Economy January 26, 2016 | 11:22 am
Santo Domingo.- DominicanRepublic Employers Confederation (COPARDOM) president Joel Santos on Tuesdaysaid the factors which in his view prevent higher wages need to be addressed, tomake way to impr[...]