Dominican Republic among countries benefit from cheaper crude
Economy January 5, 2016 | 9:02 am
Santo Domingo.- From 2012to 2014 Colombia, Guatemala, El Salvador, Dominican Republic, Peru, Panama,Costa Rica and Brazil were Latin America´s countries which benefited the most fromlower oil [...]
European banks disburse US$200M for coal-fired plants
Economy January 5, 2016 | 8:11 am
Santo Domingo.- A poolof European banks on December 30 disbursed US$200.0 million for the coal-firedpower plants being built at Punta Catalina (south), after verifying that theproject meets all env[...]
Presidential surprise visits “prevent migration to cities”
Economy January 4, 2016 | 10:09 am
SantoDomingo.- President Danilo Medina saysthat one of the beneficial effects of his so-called surprise visits to rural areas is that itprevents the children of agricultural workers from having to [...]
Dominican economy continues to grow, Central Bank confirms
Economy December 31, 2015 | 8:59 am
Santo Domingo.– Dominican Republic's Central Bank left its monetary policy interest rate steady at 5.0 percent, and said it expects inflation to gradually converge toward the middle of its target[...]
Dominican ministry freezes fuel prices for New Year
Economy December 31, 2015 | 8:31 am
Santo Domingo.– The Ministry of Industry and Commerce has frozen all fuel prices for New Year, so from January 2 to 8 premium gasoline will still cost RD$180.40 and regular gasoline will sell for[...]
Tax hike to affect food products in January 2016
Economy December 29, 2015 | 10:34 am
Santo Domingo.- The Internal Taxes (DGII) announced that starting January 2016 the Tax on the Transfer of Industrialized Goods and Services (ITBIS) increase from 13% to 16% will be applied to mass [...]
Most fuels to cost less a 3rd straight week
Economy December 26, 2015 | 12:05 am
Santo Domingo.– For the week from December 26 to January 1,2016, premium gasoline will cost RD$180.40 and regular gasoline will sell for RD$162.90,both RD$2.00 less per gallon.
Optimum dies[...]
Digital television transition postponed until 2021, Indotel says
Economy December 24, 2015 | 9:16 am
Santo Domingo.– The Dominican Government has postponed the deadline for completion of the transition from analogue to digital television until 9 August 2021, the Dominican Telecomm Institute (Ind[...]
Deputies approve US$360M loans to boost several sectors
Economy December 22, 2015 | 4:00 pm
Santo Domingo.- The Chamberof Deputies on Tuesday approved two loans, one for US$300 million from theInter-American Development Bank (IDB) to finance a support program to make the country´sHea[...]
Medina visits site of proposed natural-gas fired power plant
Economy December 22, 2015 | 2:30 pm
Santo Domingo.- PresidentDanilo Medina visited Montecristi (NW) where he toured the port at Manzanillo andother facilities on Tuesday, including the site of a proposed natural-gas firedpower plant.[...]
Govt. starts construction for Santo Domingo´s cable car
Economy December 22, 2015 | 9:30 am
Santo Domingo.- The governmenthas started construction of a cable car system dubbed Cable Car Santo Domingo, “todefend and dignify the lives of thousands of people living in La Barquita andits su[...]
Some 130 US companies operate across the country
Economy December 22, 2015 | 9:04 am
Santo Domingo.- Thereare around 130 companies of American capital scattered across the country in sectorsranging from real estate to mining, according to the Dominican Republic Exportand Investment[...]
Dominicans are LatAm´s happiest, report says
Economy December 22, 2015 | 8:42 am
Santo Domingo.- The DominicanRepublic is one of the Caribbean basin´s largest economies, says a recentLatinobarómetro 2004-2015 report, which notes that the declining trend of thepeople's[...]
Dominican organic bananas lead the world
Economy December 21, 2015 | 9:39 am
Santo Domingo.- DominicanRepublic has become a world leader in exports of organic bananas, which should spurit to do well in other crops.
Dominican AgribusinessBoard (JAD executive president [...]
Most fuels to cost less a 2nd straight week
Economy December 18, 2015 | 12:40 pm
Santo Domingo.- For theweek from December 19 to 25, premium gasoline will cost RD$182.40 and regulargasoline will sell for RD$164.90, both RD$2.00 per gallon less.
Optimum diesel willcost RD$[...]
Medina off to El Salvador for Central America summit
Economy December 18, 2015 | 8:36 am
Santo Domingo.- PresidentDanilo Medina boarded a private flight earlyFriday headed to San Salvador, El Salvador, to take part in the 54thannual Summit of Heads of State and Government of the Centr[...]
Dominican Republic to post LatAm´s 2nd highest growth in 2016
Economy December 17, 2015 | 3:12 pm
Santiago, Chile.- LatinAmerican and Caribbean economies will contract -0.4% on average in 2015 andwill grow just 0.2% next year, affected by a complex external scenario,according to new projections[...]
Medina names new Consumer Protection chief
Economy December 17, 2015 | 12:32 pm
Santo Domingo.-President Danilo Medina on Thursday named Anina M. del Castillo as director of theConsumer Protection Agency (ProConsumidor), replacing Altagracia Paulino, whoheld the post for more [...]
Agencies boost transparency for taxpayers´ money
Economy December 17, 2015 | 10:35 am
Santo Domingo.- The InternalTaxes Agency (DGII) and the Accounts Chamber (CCRD) on Wednesday announced anagreement to coordinate the National Financial Statements System and exchange theinformation[...]
Industry leader says Dominican political elite has little clue
Economy December 17, 2015 | 8:59 am
Santo Domingo.- Herreraand Santo Domingo Province Industries Association (AEIH) president Antonio Taverason Wednesday said the Dominican Republic has great challenges which in his viewaren’t ofte[...]