News

After sharp decline, manufacturing index rebounds to 53.8 in Feb.

Thursday, May 4, 2017

The Dominican Republic Industry Association (AIRD) on Wed. said after a sharp decline in January, the monthly manufacturing activity index rebounded from 40.2 in the first month of the year to 53.8 in February, down from a year earlier – in February 2016 it had been 59.8 – but soared to 66.3 by March, the highest in the last 22 months.

Government agencies are urged to ‘buy green’

Thursday, May 4, 2017

The Environment Ministry and the Public Purchasing Agency on Wed. agreed to encourage government agencies to make environmentally sustainable purchases.

Dominican tourism mogul explains the boom

Tuesday, May 2, 2017

The reform of the incentive law at yearend 2013 and the signing of a tax agreement that eliminated investor uncertainty in establishing a rational tax payment formula in hotels have been two of the factors that, according to a tourism mogul  propelled the country’s boom in the sector .

FIFA chief touts unprecedented investment in small countries

Saturday, April 29, 2017

FIFA's president said here Friday that soccer's world governing body would continue to invest in youth categories and noted that during his tenure spending on developing the game in small countries had increased five-fold.

Over 200 exporters to participate in the 2017 Agroalimentaria Fair

Thursday, April 27, 2017

According to the Dominican Agribusiness Board (JAD) and the Center for Export and Investment of the Dominican Republic (CEI-RD), 200 Dominican companies will exhibit their products at the 2017 Agroalimentaria Fair.

Dominican Republic to spend US$1.6 billion annually to meet the growing electricity demand

Friday, April 21, 2017

The Inter-American Development Bank (IDB) conducted a study which found that Dominican Republic is the nation with the most blackouts per month, compared to others in Latin America. It says estimated that the country would have to spend as much as US$1.6 billion annually to meet the growing electricity demand until 2040.

Biggest Dominican bank grows 4.5% to US$7.3B in 1Q

Thursday, April 20, 2017

Dominican Republic´s biggest bank on Wed. reported sustained first quarter growth, as well as a positive performance in its indicators of asset quality, profitability and solvency, contributing to the national economy.

Distributors buy 471.4MW from power companies via tender

Wednesday, April 19, 2017

The State-owned electricity distribution companies Edenorte, Edesur and EdeEste on Monday signed contracts to buy 471.4 megawatts of energy, from the power plants EGE Itabo, and AES Andrés, through a tender by the State-owned Electric Utility (CDEEE).

IMF says Dominican Republic to grow 5.3% in 2017

Tuesday, April 18, 2017

Central America will slightly increase its growth rate to 3.9% in 2017 and 4.1% in 2018, with Panama at the head of the subregional expansion

It said the Dominican Republic, although not a member  of the Central America subregion will grow 5.3% this year.

Multinational unveils US$100.0M+, 50MW wind farm at Montecristi

Thursday, April 13, 2017

Santo Domingo.- The multinational IC Power on Tuesday unveiled the wind farm renewable energy project at Agua Clara, Montecristi (northwest), whose initial investment of more than US$100.0 million will generate 50 megawatts.