Dominican exporters hail US lifts ban on fruits & vegetables
Economy January 8, 2016 | 1:09 pm
Santo Domingo.- DominicanExporters Association (ADOEXPO) president Sadhala Khoury on Friday hailed theUS Dept. of Agriculture´s decision to lift the ban on domestic fruit andvegetables resulti[...]
Second-biggest group forecasts 117,000 M-tons of sugar
Economy January 8, 2016 | 12:18 pm
San Pedro, DominicanRepublic.-The sugar group CAEI managed by Putney Capital Management forecasts aproduction of 117,000 metric tons of sugar in the current 2015-2016 harvest.
CAEI, a unit of[...]
All fuel prices frozen a 2nd straight week
Economy January 8, 2016 | 11:13 am
Santo Domingo.– For thesecond straight week he Industry and Commerce Ministry has frozen all fuelprices from January 9 to 15, when premium gasoline will still cost RD$180.40and regular gasoline w[...]
Construction competes with tourism as the Dominican economy´s darling
Economy January 8, 2016 | 10:38 am
Santo Domingo.- Constructionhas become the main drive for the Dominican economy´s robust figures during thelast two years, with 10 consecutive quarters of double-digit growth, well aheadof the[...]
US lifts ban on Dominican Republic crops ´effective immediately´
Economy January 8, 2016 | 9:04 am
Santo Domingo.- The USgovernment on Thursday announced the amendment of a federal order to allow theimport into the US of crops that host the Medfly from 23 provinces within theDominican Republic, [...]
Salaries of up to RD$34,106 monthly pay no tax
Economy January 8, 2016 | 8:28 am
Santo Domingo.- The InternalTaxes Agency (DGII) on Thursday announced the adjustment for inflation to pay theincome tax (ISR) by workers this year, which exempts monthly salaries of up toRD$34,106 [...]
Industry leader hails growth, but warns of daunting challenges
Economy January 8, 2016 | 8:03 am
Santo Domingo.- HerreraIndustries Associations (AEIH) president Antonio Taveras on Thursday lauded the7% growth posted by Dominican Republic in 2015, paced mainly by the financialsector, retail, to[...]
US lifts agro ban cost Dominican economy US$400M: Listin
Economy January 7, 2016 | 4:06 pm
Santo Domingo.- The USgovernment has just lifted the ban on all exports from Dominican Republic´sfarm area of where the Medfly hadn’t been detected, listindiario.com reports.
According[...]
New year brings falling prices on staples: Vendors
Economy January 7, 2016 | 9:48 am
Santiago.- Produce andprovisions merchants in Santiago and other areas of the northern Cibao valleyon Wednesday said prices of plantains, chicken and other staples have fallen sincethe yearend acti[...]
Agency raises US$24.4 from auto tag renewal; warns of fines
Economy January 7, 2016 | 8:18 am
Santo Domingo.- TheInternal Taxes (DGII) agency on Wednesday said it has raised RD$1.12 billion (US$24.4)from the renewal vehicle plates thus far.
It said 848,805 licenseplates were renewed [...]
Construction paces Dominican economy 7% growth in 2015
Economy January 6, 2016 | 1:05 pm
Santo Domingo.- Centralbanker Hector Valdez Albizu on Wednesday said Dominican Republic´s economy grew7% in 2015, and called the results "satisfactory."
Preliminary figuresshow[...]
Dominican Republic strippers get Swiss work visas: AFP
Economy January 6, 2016 | 10:52 am
Geneva.- More than 700foreign strippers received a special work permit in Switzerland in 2015, takingadvantage for the last time of the controversial program which ended Jan. 1,according to the Fed[...]
Builders hail ´year to develop housing´ executive order
Economy January 5, 2016 | 11:53 am
Santo Domingo.- DominicanHousing Builders and Promoters Association (Acoprovi) president Hector Breton onTuesday hailed the Executive Order 389-15declaring 2016 "Year of HousingDevelopment&quo[...]
US is home to some 1.8M Dominicans, former president says
Economy January 5, 2016 | 11:05 am
Santo Domingo.- Around 1.8 million people of Dominican descentare currently living in the United States, according to the analysis by the PewResearch Center, an institution dedicated to social res[...]
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 [...]