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.

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.