Coal-fired plants nonnegotiable, Dominican utility chief says
Economy May 27, 2015 | 10:42 am
Santo Domingo.- The two 752 MW coal-fired plants being built at Punta Catalina, Baní (south) aim to meet the demand and offer customers cheap energy as the government’s non-negotiable commi[...]
Civil Aviation projects 100,000+ flights this year
Economy May 27, 2015 | 9:03 am
Santo Domingo.- Dominican Civil Aviation Institute (IDAC) director Alejandro Herrera on Tuesday said the increase in flight operations in recent months lead to projection for yearend 2015 will exce[...]
Bill to amend Customs law was ‘offered, sold and bought’
Economy May 27, 2015 | 8:08 am
Santo Domingo.- Customs director Fernando Fernandez on Tuesday said the bill to amend the Customs Act was a promise senator Reinaldo Pared made to benefit courier companies and that "and in fa[...]
Costa Rica, Dominican Republic eye sweeping agreements
Economy May 26, 2015 | 11:31 am
Santo Domingo.- Costa Rica Foreign minister Manuel Gonzalez Sanz arrived in the Dominican Republic capital Monday to take part in a bilateral meeting today, when he’ll sign several agreements and[...]
Top official says mining must reflect the country’s reality
Economy May 25, 2015 | 12:49 pm
Santo Domingo.- Energy and Mines minister Antonio Isa Conde on Monday demanded that sectors pick up the pace to pass the Land Use Law as soon as possible, as starting point for a comprehensive mini[...]
State-owned bank Home Expo gets US$94.5M in loan requests
Economy May 25, 2015 | 11:57 am
Santo Domingo.- State-owned Reservas bank’s (Banreservas) Home Expo had received RD$4.2 billion (US$94.5 million) in loan requests to buy around 1,500 homes as of Sunday at 2pm.
Demand for [...]
Ambitious housing project could jumpstart Dominican Southwest
Economy May 25, 2015 | 10:44 am
Barahona, Dominican Republic.- The Public Works Ministry on Sunday announced an ambitious housing project for the southwestern city Bayahona, whose residents have waited for its tourism agricultura[...]
Moguls, ex-presidents spur investment along Dominican-Haiti border
Economy May 25, 2015 | 8:33 am
La Romana, Dominican Republic.- Dominican business group Quisqueya Binational Economic Council unveiled a project to invest along the Dominican-Haiti border to commissioners the Club of Madrid, for[...]
Dominican mango exports top US$17.6M last year: Agro chief
Economy May 22, 2015 | 5:10 pm
Santo Domingo.- Dominican Republic mango exports was nearly US$17.6 million last year led by varieties Tommy Atkins and Keitt, sold mainly in the US, Britain and other European countries and Caribb[...]
Fuel prices unchanged a second straight week
Economy May 22, 2015 | 11:28 am
Santo Domingo.- The Industry and Commerce Ministry posted unchangedprices on all fuels for the second straight week, so from May 23 to 29 premium gasolineremains at RD$225.90; regular gasoline at [...]
Rains ease Greater Santo Domingo’s parched aqueducts
Economy May 22, 2015 | 8:16 am
Santo Domingo.- The Santo Domingo Water Utility (CAASD) affirmed Thursday that piped water supply will be around 360 million gallons per day this weekend, resulting from the light rains over the up[...]
Finished: 2nd subway line’s ‘geotechnically complex’ tunnel
Economy May 21, 2015 | 9:38 am
Santo Domingo.- The 2nd Metro (subway) line’s 3- kilometer long extension tunnel was conclude Wednesday as construction continues on track to start operating by early 2016.
Transport Refor[...]
Mexico’s powerful export machine can ‘piggyback’ Dominican products
Economy May 21, 2015 | 8:50 am
Santo Domingo.- To attract even more and higher investment and promote trade, Mexico and the Dominican Republic need an economic agreement that doesn’t jeopardize local production and allows the [...]
Dominican Republic wage raise talks fizzle, unions warn of strike (Update)
Economy May 20, 2015 | 3:51 pm
Santo Domingo.- Just one hour after an apparent breakthrough in the tree-way talks to agree on a wage increase on Wednesday union (CNTD) leader Jacobo Ramos warned that "labor peace is broken [...]
Customs officials, experts in Santo Domingo for regional conclave
Economy May 20, 2015 | 10:19 am
Santo Domingo.- The Caribbean Council’s 37th annual conference for Customs Law Enforcement (CCLEC) opened Tuesday in Dominican Republic, attended by delegates from 24 of the region’s countries [...]
Blame game on blackout’s cause trumps ‘objective’ report
Economy May 20, 2015 | 8:57 am
Santo Domingo.- Energy industry representatives, experts and government officials of the national grid’s (SENI) Review Committee met behind closed doors Tuesday to “objectively” determine wha[...]
Korea to help protect forests, develop timberlands
Economy May 20, 2015 | 8:23 am
Santo Domingo.- Dominican Republic’s Environment Ministry and Korea’s Forest Service on Tuesday agreed to enact various programs to prevent and control forest disasters and develop ecotourism i[...]
Dominican Republic tops region with Q1 growth of 6.5%
Economy May 19, 2015 | 3:48 pm
Santo Domingo.- Dominican Republic’s economy grew 6.5% in the first quarter this year, Central banker Hector Valdez said on the bank's website Tuesday.
"The revitalization of economic [...]
World Bank: The trade challenge for Latin America and the Caribbean
Economy May 19, 2015 | 12:23 pm
Lima.– Back in the 1980’s, trade ties for Latin America and the Caribbean were very similar to those of East Asia -- thin and focused on a single key player in the North, United States and Japa[...]
Should’ves and could’ves of nationwide blackout
Economy May 19, 2015 | 7:48 am
Santo Domingo.- Saturday’s nationwide power outage stemmed from a lack of coordination of the national power grid’s (SENI) protection and frequency regulation system which should’ve balanced [...]