JMMB Financial Group comes to stay in Dominican Republic
Economy July 7, 2015 | 12:24 pm
Santo Domingo.- Business leaders, government officials, CEOs of JMMB Financial Group and its subsidiaries and other prominent personalities attended the recent inaugural the new offices of the va[...]
Government must be wary of foreign loans linked to purchases: AIRD
Economy July 7, 2015 | 11:47 am
Santo Domingo.- Dominican Republic Industries Association (AIRD) executive vice president Circe Almánzar on Monday urged the government to be wary of loans from countries that require the purc[...]
Consumer protection: Price on 11 staples jump in first half
Economy July 7, 2015 | 11:13 am
Santo Domingo.- The consumer protection agency ProConsumidor on Tuesday said the price of 9 staple products fell and 11 rose from May 28 to June 30, according to its Costs and Price monitoring Dep[...]
Big business questions high energy cost despite cheaper crude
Economy July 7, 2015 | 8:13 am
Santo Domingo.- The National Business Council (Conep) on Monday reminded the CEO of the State-owned electric utility (CDEEE) that the current cost to generate power has fallen to an average of 12 c[...]
To survive, biggest Dominican river basin needs US$70.0M yearly
Economy July 6, 2015 | 11:15 am
Santo Domingo.- The head of the north Yaque river basin sustainabledevelopment plan director on Sunday said the fact that only 40% of the basin isforested reveals its degradation.
Humberto Ch[...]
Samana highway ‘shadow toll’ takes US$175.5M in just 4 years
Economy July 6, 2015 | 9:06 am
Santo Domingo.- On widespread concern over the “onerous” contractto manage the Santo Domingo-Samana Highway (Northeast), Public Works minister GonzaloCastillo says the road should be under gove[...]
More than half of Dominican farmlands have no title: Official
Economy July 6, 2015 | 7:59 am
Santo Domingo.- State Land Titling Commission director Jose Dantes Diaz on Sunday revealed that more than two million properties in major cities across the country don’t have titles and the same [...]
JMMB acquires Banco Rio in DR: Jamaica Observer
Economy July 4, 2015 | 10:06 am
Kingston.– The JMMB Group continues its expansion in the Dominican Republic after receiving regulatory approval for the acquisition of 90 per cent of the shares of Banco Ahorro y Credito Rio (Ban[...]
Natural gas falls one peso, all other fuels unchanged
Economy July 3, 2015 | 11:07 am
Santo Domingo.- The Industry and Commerce Ministry on Friday posted unchanged prices on most fuels and lower natural for gas during week from July 4 to 10, when premium gasoline will continue at RD[...]
Dominican-Haitian border investment initiative gathers steam
Economy July 3, 2015 | 8:02 am
Dominican Republic.- The Quisqueya Binational Económc Council (CEBQ) on Thursday presented the project it develops to representatives of Santiago’s free zones, where its directors explained [...]
Brazil says cooperation with Dominican Republic a priority
Economy July 2, 2015 | 12:10 pm
Santo Domingo.- The government of Brazil on Thursday said cooperation with Dominican Republic is a priority, with funds for technical support to more than 10 projects concluded or underway in educa[...]
Dominican Republic food imports jump 17% in March to US$220.5 M
Economy July 2, 2015 | 10:55 am
Santo Domingo.- Dominican Republic imported US$220.5 million FOB in foods in March, a 17% jump compared with February, with 230,400 tons mostly from 82 countries.
Industry and Commerce deput[...]
Haitian pensioners of sugar industry get Dominican residency
Economy July 1, 2015 | 7:55 am
Santo Domingo.- The Dominican government on Tuesday began to issue permanent residence to more than 2,700 Haitians who’ve worked in the sugar industry, as part of its program to legalize foreigne[...]
Reuters: Fitch affirms Dominican Republic’s IDRs at ‘B+’; outlook stable
Economy May 29, 2015 | 4:30 pm
Reuters: (The following statement was released by the rating agency) NEW YORK, May 29 (Fitch) Fitch Ratings affirmed the Dominican Republic's long-term foreign and local currency Issuer Default Rat[...]
Propane falls RD$4.30 per gallon, other fuels unchanged
Economy May 29, 2015 | 11:22 am
Santo Domingo.- The Ministry of Industry and Commerce posted the fuel prices for the week from May 30 to June 5, when premium gasoline will still cost RD$225.90 and regular gasoline remains at RD$2[...]
Tropical wave could end months-long drought
Economy May 29, 2015 | 10:57 am
Santo Domingo.- The National Weather Office (Onamet) forecasts a significantly increasing cloudiness for Friday afternoon with scattered showers from to a low pressure system over the country and a[...]
LatAm financial overseers gather in Dominican capital
Economy May 29, 2015 | 8:05 am
Santo Domingo.- Financial authorities from Latin American countries on Thursday inaugurated in Santo Domingo the 2nd annual gathering of Superintendents of the Central American Banks and Insurance [...]
Binational talks consolidate Hispaniola ties
Economy May 28, 2015 | 9:30 am
Santo Domingo.- Foreign minister, Andrés Navarro met Wednesday with Haiti counterpart Lener Renauld and a Haitian delegation to discuss several topics and consolidate the binational talks aime[...]
Dominican Republic’s 37% tops region in foreign investment
Economy May 28, 2015 | 7:28 am
Santo Domingo.- Dominican Republic and Trinidad and Tobago received most of the foreign direct investment (FDI) in the Caribbean, 37% and 23% respectively of the sub region’s total revenue.
Dominican lawmaker wants to halt Upper Manhattan’s spiraling rents
Economy May 27, 2015 | 11:26 am
New York.- State senator Adriano Espaillat is coordinating two community forums to deal with the housing problems affecting thousands of tenants in Upper Manhattan on Thursday, the first at 6:30pm [...]