Gasoline, diesel climb, gases unchanged
Economy May 1, 2015 | 11:08 am
Santo Domingo.- The Industry and Commerce Ministry on Friday posted the fuel prices in effect for the week from May 2 to 8, when premium gasoline will cost RD$224.90, or RD$4.70 more, and regular g[...]
Dominican Foreign minister gets Taiwan kudos
Economy May 1, 2015 | 9:55 am
Taipei.- The government of Taiwan on Thursday bestowed the Order of the Brilliant Star on Dominican Foreign minister Andrés Navarro, to recognize his "significant contributions to the dip[...]
Exports to Taiwan during 5 years top US$150.0M
Economy April 30, 2015 | 5:10 pm
Santo Domingo.- Dominican Republic Export and Investment Center (CEI-RD) director Jean Alain Rodriguez on Thursday said exports to Taiwan during the past five years topped US$150 million, of which [...]
Electricity subsidy to May tops RD$1.16B; light bill unchanged
Economy April 30, 2015 | 12:54 pm
Santo Domingo.- The Electricity Superintendence on Thursday said the electricity subsidy will be RD$112.68 million in May and issued a resolution which keeps the consumers’ light bill unchanged.<[...]
Reuters: Dominican Republic bonds seek to raise US$1.0B
Economy April 30, 2015 | 10:27 am
Santo Domingo. Dominican Republic is poised to raise US$1.0 billion on Thursday through a dual-tranche reopening of 10 and 30-year bonds, the agency Reuters reports from New York.
The cable s[...]
US$1.6B in tourism projects pending approval: Official
Economy April 30, 2015 | 9:47 am
Punta Cana.- Tourism deputy minister Radhames Martinez on Wednesday announced 33 new permits issued to build 3,000 hotel rooms and related projects at a cost of US$400.0 million, and pending approv[...]
US lifts ban on avocado, tomato varieties as fruit fly wanes
Economy April 29, 2015 | 6:10 pm
Santo Domingo.- United States has lifted a ban on Hass avocados and green tomatoes starting Wednesday as the push to eradicate the fruit fly continues.
The ban however is still in effect for [...]
Economy chief says Dominican businesses need a bankruptcy law
Economy April 29, 2015 | 2:56 pm
Santo Domingo.- Economy minister Temístocles Montas on Thursday said Dominican Republic needs a bankruptcy law and in his view has harmed country’s investment climate thus far.
Speakin[...]
Central bank taps US$222.2M to boost home loans
Economy April 29, 2015 | 9:27 am
Santo Domingo.- Central banker Hector Valdez Albizu on Tuesday said he’ll propose an to the S&Ls to form a pool so to channel more funds through financing for construction of affordable h[...]
Dominican-Mexico Chamber eyes trade pact with 95% duty-free products
Economy April 29, 2015 | 8:49 am
Santo Domingo.- Dominican-Mexican Chamber of Commerce president Carlos Gonzalez on Tuesday proposed a Mexico-Dominican Republic economic complementary agreement, with as high as 95% of the products[...]
Private sector must control power plants: Big business
Economy April 29, 2015 | 8:25 am
Santo Doming.- The National Business Council (Conep) on Tuesday said ownership and operational control of the coal-fired plants at Punta Catalina must pass to the private sector within one year aft[...]
Medina, St. Maarten Governor meet in the Palace
Economy April 28, 2015 | 4:35 pm
Santo Domingo.- President Danilo Medina met with St. Marteen governor Eugene Holiday in the National Palace Tuesday to discuss various topics of common interest to the two nations.
In a state[...]
Eleven new companies set up shop in Dominican free zones
Economy April 28, 2015 | 12:25 pm
Santo Domingo.- Industry and Commerce minister José Del Castillo and National Free Zone Council (CNZFE) director Luisa Fernández on Tuesday announced that 11 new companies were issued per[...]
Dominican minors born abroad to get IDs without traveling here
Economy April 28, 2015 | 10:00 am
Santo Domingo.- Central Electoral Board (JCE) president Roberto Rosario on Monday said the entity will issue documents to Dominican children born abroad, who won’t need to travel here.
He s[...]
Cement makers reveal glut of 48%; become hub for Caribbean
Economy April 28, 2015 | 9:05 am
Santo Domingo.- Dominican Republic cement-makers (Adocem) on Monday revealed a glut in the market with a 48% excess and low prices.
Adocem president Carlos Emilio González provided the f[...]
Avoid jams: Major intersection closes for underpass construction
Economy April 27, 2015 | 4:24 pm
Santo Domingo.- The of Public Works Ministry on Tuesday announced the total close of the busy intersection of 27 de Febrero with La Privada avenues, where it excavates a tunnel for an underpass.[...]
AES Dominicana one of 10 Great Places to Work: Think tank
Economy April 27, 2015 | 9:30 am
Santo Domingo.-The energy group AES Dominicana is among the 10 best companies to work for in the Dominican Republic and the Caribbean according to the results of the annual ranking of the prestigio[...]
Medina tours western region; funds rice, avocado farms
Economy April 27, 2015 | 8:35 am
Santo Domingo.- President Danilo Medina on Sunday visited western San Juan de la Maguana province where he ordered the reconstruction of the rice silos at Las Damas, which will benefit more than 40[...]
Dominican Republic ‘must double’ its 34 dams
Economy April 27, 2015 | 8:10 am
Santo Domingo.- Dominican Republic’s 34 dams scattered across the country store water, generate power and control flooding, for which an expert proposes the construction of twice that number.
[...]Haiti, Dominican Republic receive Best Practice Workshop in implementing Investor Tracking System
Economy April 24, 2015 | 5:24 pm
Port-au-Prince, Haïti.- The Caribbean Export Development Agency (Caribbean Export) and the Inter-American Development Bank (IDB), in collaboration with the Centre for Facilitation of Investme[...]