Dominican Republic 7.1% GDP growth tops Lat-Am in 2014
Economy January 7, 2015 | 4:15 pm
Santo Domingo.- Dominican Republic’s Gross Domestic Product (GDP) grew by 7.1% in 2014, well above the average for Latin America, whose economy posted a mere 1.1% climb.
Central banker Hec[...]
Tax jump on staples also hobbles merchants, business leader warns
Economy January 7, 2015 | 10:15 am
Santo Domingo.- The 2%jump of the sales tax (ITEBIS) on several staples not only affects the pockets ofa low-income population but also merchants whose sales could plunge as much as38 percent.
<[...]Dominican Republic cement-makers upbeat on falling prices
Economy January 7, 2015 | 7:59 am
Santo Domingo.- Dominican Cement Producers Association (Adocem) president Carlos E. Gonzalez on Tuesday urged the government and the private sector to take advantage of lower cement prices to boos[...]
Capacity Media eyes Dominican Republic’s thriving telecoms industry(Update)
Economy January 6, 2015 | 4:36 pm
Santo Domingo.- Spurred by Dominican Republic’s vigorous telecoms industry and with its motto 'Setting the agenda in telecommunications', international event organisers Capacity Conferences annou[...]
The country’s forestry needs breaks to develop: Expert
Economy January 6, 2015 | 1:56 pm
Santo Domingo.- The countries which have developed their forest sector have had strong institutions focused on the topic, with strong forestry legislation, legal security and land-use planning that[...]
Dominican Republic’s One-stop Foreign Trade Window is official
Economy January 6, 2015 | 11:34 am
Santo Domingo.- Customs director Fernando Fernández revealed Tuesday that president Danilo Medina signed Executive order creating the One-stop Foreign Trade Window, a single entity to conduct [...]
Customs projects US$1.9B revenue, pledges cut in red tape
Economy January 6, 2015 | 8:50 am
Santo Domingo.- The Customs Agency projects RD$86.9 billion (US$1.9 billion) in revenue this year, as stated in the 2015 Budget.
In a statement, Customs reported accurate and timely import ta[...]
Mogul is 1st woman to head major Dominican business group
Economy January 6, 2015 | 8:24 am
Santo Domingo.-The Board of Directors and stakeholders of the Grupo SID on Monday announced that Ligia Bonetti is the new CEO of the group and subsidiaries: MercaSID, Induveca, Agua Cristal, Indusp[...]
AEIH president: It is time to stop social inequality
Economy January 5, 2015 | 10:57 am
Santo Domingo.– The Herrera and Santo Domingo Province Industries Association (AEIH) president Antonio Guzman Taveras stated that it is time to articulate public policies that make the fruits of [...]
Clintons hobnob with tycoons at Dominican resorts: Listin
Bavaro & Punta Cana January 2, 2015 | 3:49 pm
La Romana.- Former US president, Bill Clinton, who with his wife chose Dominican Republic to spend their family’s year-end holidays in the exclusive resort of Punta Cana, on Friday went to the even [...]Fuel prices fall a 7th straight week
Economy January 2, 2015 | 11:40 am
Santo Domingo.- For the 7th straight week, the Industry and Commerce Ministry posted lower prices on most fuels, as much as RD$3.30 per gallon in some cases.
For the week starting tomorrow S[...]
Dominican Republic foreign debt climbs 11.8% on bonds
Economy January 2, 2015 | 9:25 am
Santo Domingo.- Dominican Republic’s foreign debt grew 11.8%, from Jan. to Sept. 2014 compared with the same period in 2013, the Central Bank said in its 2014 Report on the Dominican Economy.
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