Santo Domingo.- President Danilo Medina travels to China in a historic official visit that formalizes diplomatic relations with that Asian country, established May 1. Medina, invited by his counterpart Xi Jinping, aims to promote national exports to that country and reach cooperation and financing agreements in several areas, for which he will hold meetings with…
Santo Domingo.- National Hotels and Tourism Association (Asonahores) president Joel Santos, on Tues. said the situation of the seaweed and insecurity affecting Cancun’s hotel occupancy won’t impact the Dominican Republic because the rooms for the winter were booked well in advance. The business leader estimates that tourism will grow over 5% by year end and…
Santo Domingo.- The US dollar remains stable against the Dominican peso in the prices of Dominican Republic’s currency market, according to recent reports by the Central Bank. On Monday however the American currency reached RD$49.94 pesos to sell, and RD$50.02 pesos to buy. The $50.02 peso-per-dollar mark is the sharpest devaluation of the Dominican currency…
Santo Domingo.- Energy and Mines minister Antonio Isa Conde on Sun. called the Dominican Republic “a beggar sitting on a large gold mine.” He said the country isn’t aware that the abundant resources under its feet can break its chain of poverty and raise its quality of life. He defended the sustainable extraction of metals,…
NEWS RELEASE WASHINGTON, October 31, 2018 – Economies in Latin America and the Caribbean carried out 25 reforms during the past year to improve the ease of doing business for domestic small and medium enterprises, says the World Bank Group’s Doing Business 2019: Training for Reform report, released today. The reforms were carried out in…
Santo Domingo.- President Danilo Medina will be the only one of the 18 leaders who will be on an official visit with Chinese counterpart Xi Jinping during the Dominican head of state’s tour of the Asian country. The Dominican head of state is expected to arrive in Beijing at 6:30pm to carry out a busy…
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…
