News

Dominican Republic to strengthen tax administration, public spending management with IDB support

Thursday, June 29, 2017

The Dominican Republic will strengthen its tax administration and public resource managementwith a $50 million investment loan from the Inter-American Development Bank.

Caribbean Export expands regional Angel Investor Network to Dominican Rep., Haiti

Wednesday, June 28, 2017

The Caribbean Export Development Agency (Caribbean Export) has commenced their expansion of the Angel investment footprint within the Dominican Republic and Haiti following the hosting of the first Bi-National Angel Investment workshop in collaboration with several partners, including the Centre for Innovation for Business Development and Entrep

Canada wants to invest more in the Dominican Republic: envoy

Tuesday, June 27, 2017

Canada ambassador Steve Coté affirmed Monday that his country is increasingly interested in expanding investment​​, especially in coordination with Dominican Republic’s Export and Investment Center (CEI-RD).

Dominican exports will top US$10.0B in 2017: Sousa

Wednesday, June 21, 2017

Dominican Exporters Association (Adoexpo) president Alvaro Sousa on Tuesday said domestic exports will top US$10.0 billion by yearend 2017, a figure he affirms was nearly reached in 2014.

AES Dominicana unveils US$260M, 114MW natural gas power plant

Monday, June 12, 2017

AES Corp. on Monday inaugurated the Los Mina Vll power plant with a capacity of 114 megawatts of clean energy, and whose total 324 megawatts makes the Dominican Power Partner the country’s largest natural gas-powered energy complex.

Dominican Republic can produce ethanol for entire Caribbean: expert

Monday, June 12, 2017

An adviser and board member of Kairos Flex Fuels, a leading distribution company for the Caribbean of E85, a hybrid fuel, a gasoline and ethanol mix (85% ethanol), considers that Dominican Republic has a high potential to produce ethanol for the entire Caribbean.

45 more days to request nonmetallic mining permits

Wednesday, June 7, 2017

The Environment Ministry on Tuesday announced a 45-day extension on the period to initiate the paperwork to grant environmental permits for nonmetallic mining operations.

Resolution No. 0001/2017 – issued January and which expired on June 4- seeks to regulate, expedite and make the authorizations to extract materials more transparent.

Container cargo through Dominican ports jumps 8.3%: ECLAC

Tuesday, June 6, 2017

The movement of cargo in containers in Latin America and Caribbean ports fell by 0.9% during 2016, according to data released today by ECLAC.

The regional average continues its negative trend of deceleration observed in recent years and poses the biggest loss since the crisis of 2009.

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.

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.