Santo Domingo.- Mexican company América Móvil will invest US$1.0 billion in the Dominican Republic over the next three years, company CEO Daniel Hajj Aboumrad announced Tues. after meeting with president Danilo Medina. The Dominican Gov. provided the information in a statement after the meeting, which also included company CFO Carlos García Moreno and Rogelio Viesca,…
Santo Domingo.- US-based company XcoalEnergy will supply 462,000 metric tons of coal to the Punta Catalina power plant during its test phase. XcoalEnergy won the tender held by the State Electric Utility (CDEEE), beating the offers from competitors Trafigura LTD and CMC Coal Marketing. XcoalEnergy will sell Type A coal at US$70.45 per metric ton…
Punta Cana, Dominican Republic.- For the second year running, Puntacana Resort & Club will serve as the host organization for the PGA TOUR in the Dominican Republic, the main American professional golf circuit for men. The 2019 Corales Puntacana Resort & Club Championship will be held at the Tom Fazio-designed Corales course from March 25-31,…
Santo Domingo.- Shipping company Marítima Dominicana announced Mon. that it has joined the construction of the wind farms at Agua Clara and Guanillo (northwest). The company, leader in cargo and integrated logistic services, will be in charge of hauling the parts of the mills for both parks. “Each one will have 25 wind turbines with…
Moscow.- Russia’s and Dominican Republic’s Agriculture ministries will sign an agreement to approve sanitary practices that will make it easier for agro and livestock products of the Caribbean country to enter the Russian market. Agriculture minister Osmar Benítez, who heads the delegation together with a group of Dominican exporters, provided the information upon concluding his…
“The Dominican Republic has it all,” is a slogan used by the Dominican State to sell the kindness and benefits of the Dominican brand, and as a foreigner, I affirm that these words carry more meaning than imagined. To describe this beautiful island, you must start with the people. Positively cheerful, joy is present in…
Many unknowns come with the implementation of this year’s diplomatic relations between the People’s Republic of China and the Dominican Republic. One thing is for sure, the country expects that these relations will help the steady economic growth that has been generated over recent years in the Dominican Republic. The opening of embassies in both…
La Vega, Dominican Republic. – Tourism minister, Francisco Javier García, on Wed. praised the progress he affirms has been made in promoting religious tourism in the country, and milestones such as the arrival of nearly 36 million visitors during the last six years. He labeled tourism one of the government brightest points, as evidenced by…
Santo Domingo.- The Banco Popular Dominicano was recognized for its financial support to develop Dominican Republic’s health tourism, as part of the inaugural of its 4th International Health Tourism Congress, hosted by the Dominican Health Tourism Association (ADTS). Business and Investment Business executive vice president Juan Lehoux received the award on behalf of the Popular.…
Santo Domingo.- August prices climbed 0.03% compared to July, according to a report by Dominican Republic’s Central Bank submitted to industrialists on Wednesday. It said the accumulated inflation between January and August stood at 1.44%, whereas the annualized inflation rate stood at 3.87% in the last 12 months, well below the Central Bank’s inflation target…
