News

Dominican Mining Chamber sees US$10.0B investments

Monday, May 29, 2017

Dominican Republic’s National Petroleum and Mining Chamber, in its pan to develop the mining and hydrocarbons industry (2012-2030), aims to attract investments as high as US$10.0 billion to the sector, an objective which has already managed to capture US$6.02 billion, said its president on Tuesday.

Money Laundering Law limits cash deals, punishes dirty money

Monday, May 29, 2017

The Money Laundering Law approved by the Senate on Tuesday limits cash movements and penalizes certified public accountants (CPAs) who, without receiving a record of the means of payment, legalize or implement cash transactions, which are punishable in the proposed legislation.

New Free Zone companies to invest US$79.2M

Friday, May 26, 2017

The Free Zone’s employment capacity climbed 1.2% last year, as more companies start operating in those special regions, where they are expected to invest US$79.2.

Central Bank data show that 155,723 people worked in the free zones at the end of March, or 1,801 jobs added in one year.

Dominican industries, US supermarkets pact to boost exports

Monday, May 22, 2017

Santo Domingo. – The Dominican Republic Industries Association (AIRD) and the New York National Supermarkets Association (NSA) agreed to strengthen the presence of Dominican products in the US market.

Dominican, Jamaica leaders eye ambitious agreements

Wednesday, May 17, 2017

The Dominican Republic and Jamaica on Tuesday agreed to increase trade, bilateral investment , cooperation in tourism and in the training of teachers and students.

Gov. to earn an additional US$181.M from Barrick Gold

Monday, May 15, 2017

he Government will earn an estimated gain in the additional US$181 million for the 2017-2019 period by modifying the variables that serve as the basis for the financial model of the gold mine Barrick Pueblo Viejo.

Country’s respect for copyrights and patents attracts investment

Friday, May 12, 2017

Barcelona.- Industry and Commerce minister Temístocles Montás on Friday said the Dominican Republic respects copyrights and patents as part its attractive business climate for foreign investment.

Utility pushes start of US$780.0M renewable energy projects

Thursday, May 11, 2017

The State-owned Electric Utility (CDEEE) announced new contract conditions to award renewable energy projects  totaling US$780.0 million, to guarantee their start and timely conclusion to prevent their use as bargaining chips.

AES Dominicana signs liquefied natural gas supply agreement with Barbados National Oil Company Ltd.

Wednesday, May 10, 2017

The energy group AES Dominicana has signed an agreement to supply liquefied natural gas (LNG) to the Barbados National Oil Company Limited (“BNOCL), from its AES Andres LNG terminal in the Dominican Republic, according to Edwin De los Santos, president of AES Dominicana.

Positive first quarter financial results in the Dominican Republic

Tuesday, May 9, 2017

The closing of the first quarter of 2017 posted notable growth in trades through the Dominican Securities Exchange, according to the country’s Diario Libre newspaper.