National Business Council taps new board
Economy January 15, 2015 | 9:11 am
Santo Domingo.- The National Business Council (CONEP) on Wednesday inducted its new Board of Directors for the 2015-2017 period, headed by Rafael Blanco Canto, who stressed his commitment to contin[...]
Refinery shutdown for maintenance, US$25.0M refurbish
Economy January 15, 2015 | 8:48 am
Santo Domingo.- Dominican Republic’s only refinery (Refidomsa PDV) on Wednesday announced the start of its scheduled plant shutdown for maintenance and refurbishing, at a cost of US$25.0 million.[...]
Plunge in oil paces 30-year low 1.58% inflation, Central Bank
Economy January 14, 2015 | 4:05 pm
Santo Domingo.- The Central Bank on Wednesday said Dominican Republic’s inflation from December 2013 to December 2014, as measured by the change in the Consumer Price Index (CPI), was 1.58%, the [...]
In whirlwind meeting, labor is challenged to justify 30% wage hike
Economy January 14, 2015 | 11:53 am
Santo Domingo.- In a meeting of less than one-hour, management challenged labor to justify their request for a 30% salary increase.
Jaime González, president of the Dominican employers g[...]
USAID donates US$184.9M for public safety during 5 years
Economy January 14, 2015 | 8:33 am
Santo Domingo.- US ambassador James W. Brewster and Economy minister Temistocles Montas on Tuesday signed an amendment to the agreement to improve public safety, for which the US Agency for Interna[...]
Dominican Republic, Puerto Rico launch new era of relations
Economy January 14, 2015 | 7:53 am
Santo Domingo.- The Dominican Republic and Puerto Rico on Tuesday signed 11 agreements in as many areas which bolster and expand ties between the two nations, in a meeting with Puerto Rico governo[...]
Puerto Rico ‘not a foreign land’ for Dominican leader
Economy January 13, 2015 | 12:02 pm
Santo Domingo.- President Danilo Medina arrived Tuesday in Puerto Rico where he aims to bolster relations between the two Caribbean nations, especially the economy and security.
"We donâ[...]
US to issue farm, temp work visas to Dominicans
Economy January 13, 2015 | 9:53 am
New York.- The US government will issue H-2A and H-2B visas to Dominicans for farm work and temporary jobs in other areas, the US agency for Citizenship and Immigration Service (USCIS) announced Tu[...]
GoldQuest granted concession near its Romero Gold/Copper Project
Economy January 13, 2015 | 9:24 am
Vancouver, BC--(Marketwired) - GoldQuest Mining Corp. is pleased to announce that the Company has been granted the 550 hectare Los Lechones exploration concession adjacent to its Romero Project in [...]
Puerto Rico, Dominican Republic on path to historic ties(Update)
Economy January 12, 2015 | 4:22 pm
San Juan.- Puerto Rico governor Alejandro García and first lady Wilma Pastrana on Tuesday welcomed president Danilo Medina and Dominican first lady Cándida Montillo at San Juan Internatio[...]
Global honey prices spur local beekeeping boom, expert
Economy January 12, 2015 | 4:01 pm
Santo Domingo.- Honey prices in international markets have sparked a boom for good beekeeping in the country, said Martin Canals, of the Dominican Agricultural and Forestry Research Institute (IDI[...]
Medina announces funds to dredge major lagoon, fishing project
Economy January 12, 2015 | 8:57 am
Barahona, Dominican Republic.- President Danilo Medina on Sunday ordered the dredging of Cabral lagoon to halt sedimentation which floods large tracts of farmlands, and funding to start a project t[...]
Japan gives Dominican Republic 129 hybrid cars worth US$5.0M
Economy January 9, 2015 | 4:51 pm
Santo Domingo.- President Danilo Medina headed the ceremony Friday to receive 129 hybrid vehicles donated by the Government of Japan, to be used by some 20 agencies.
Japan Ambassador Takashi [...]
Most fuels cheaper an 8th straight week
Economy January 9, 2015 | 11:49 am
Santo Domingo.- Most fuel prices will cost less for the 8th straight week, the Ministry Industry and Commerce announced Friday.
For the week from January 10 to 16 premium gasoline will cost R[...]
Dominican Republic, Puerto Rico poised to sign sweeping pact, EFE
Economy January 9, 2015 | 8:24 am
San Juan .- Puerto Rico Secretary of State David Bernier said Thursday that agreements on trade, on exchange of information and education with Dominican Republic to be announced next week will bols[...]
Dominican Republic to dump Taiwan, embrace China
Economy January 9, 2015 | 7:19 am
Beijing.- Dominican Republic on Thursday proposed stronger ties with China to improve investment in manufacturing, agribusiness and services, which would diminish the historical trade deficit betwe[...]
New York’s unprecedented official ID benefits Dominicans
Economy January 8, 2015 | 11:47 am
New York.- New York City will start issuing the IDNYC municipal identification card next week to tens of thousands of undocumented aliens, including thousands of Dominicans, who live in the five bo[...]
Trade spurs Medina’s official visit to Puerto Rico on Tues.
Economy January 8, 2015 | 9:55 am
Santo Domingo.- President Danilo Medina will travel on official visit to Puerto Rico next Tuesday to meet with its governor Alejandro García Padilla, the National Palace confirmed Wednesday.<[...]
A very good year for all economic activities: Central Bank
Economy January 8, 2015 | 8:06 am
Santo Domingo.- The Central Bank on Wednesday revealed favorable performance on all economic activities, especially mining, with a 20.9% growth; construction 11.4%, tourism 9.6%, agricultural 5.2%,[...]
Exporters hail Medina’s launch of the One-Stop Window
Economy January 7, 2015 | 4:50 pm
Santo Domingo.- Dominican Exports Association (ADOEXPO) president Sadala Khoury on Wednesday hailed President Danilo Medina issuing an executive order to create the One-stop Foreign Trade Window, w[...]
