Are you looking for the latest news and updates on finance in the Dominican Republic? Our “Dominican Republic Finance” category provides up-to-date information on topics like banking, taxes, investing, and more. Stay informed with our comprehensive coverage of the financial landscape of the Dominican Republic, including expert analysis and information on the country’s economic trends and policies. From local business developments to global market updates, our category is your go-to source for all things finance in the Dominican Republic.
SANTO DOMINGO.- From January to August 2024, trade with Malaysia was $47.9 million. Dominican Republic owed 53.7% to imports and 46.3% to exports. ProDominicana reported these findings. The increase in trade was thanks to the rise in cocoa bean exports in 2023. The main exports were cocoa beans, scrap copper, and tobacco products. The imports … Read more
Local business groups have backed President Luis Abinader’s decision to withdraw the proposed Tax Modernization Law. They advocate for open conversations to shape a reform that boosts the economy and enhances the lives of Dominicans. Associations such as Conep, AIRD, Aneih, Asibenas, Acoprovi, Anmepro and Aprocovici have voiced their support. Key figures like Osmar Benítez, … Read more
Santo Domingo—A Statement From The Ministry of Industry, Commerce, and MSMEs (MICM) indicates that fuel prices in the Dominican Republic will change from Saturday, October 19. Main Fuels will hold their costs till October 25. The government subsidized about 233.6 million pesos to shield Dominican population from international market price fluctuation. The Price will fall … Read more
Rewrite this content and keep HTML tags, correct grammar, capitalize bold words, do not rewrite words starting with capital letters. Make shorter sentences to improve readability PUNTA CANA. The different teams that are participating in the Winter Baseball Tournament from today present their godmothers at the start of the BanReservas Cup Winter Baseball Tournament. GODFATHER … Read more
In PUNTA CANA, Democratic Hope Party’s leader, Ramfis Trujillo, resurfaced politically. He suggests the Government renegotiate public debt instead of pursuing the proposed tax reform. Trujillo urges the Government to amend the Fiscal Responsibility Law, Law 35-24. He wants to limit public expenditure to the government’s annual income. According to Trujillo, the tax reform results … Read more
Juanillo Educational Center students in the Verón-Punta Cana district have inadequate facilities for class. This is due to lacking school infrastructure. Teachers, confronted with this state, are improvising. They’re making outdoor classrooms with basic materials like wood, zinc, and sticks. It offers a learning space for the students despite the limitations. Attempting to lessen this … Read more
Santo Domingo.- APROCOVICI, ADECLA, AEI and the Dominican Association of Housing Builders and Developers (ACOPROVI) are worried. They fear the proposed tax reform could greatly affect the construction sector, especially housing, by increasing costs. The housing sector may see a 30% price spike due to tax rate elimination for housing trusts, and the new VAT … Read more
Santo Domingo.- The First International Securities Markets Congress will be held by Salas Piantini & Asocs. It’s set for October 21 at the Intercontinental Real Santo Domingo Hotel. The goal is to make the Dominican Republic a center for global financial leaders. The congress serves as a global education platform that unites international experts to … Read more
In Punta Cana, the Reserve Bank auto fair received applications totaling 23 billion pesos. However, only 7,800,000 million were approved. This shows that more than a third of the applicants were not eligible for a loan. Samuel Pereyra, the executive president of the bank, emphasized the success of the auto fair. He attributed this to … Read more
The Dominican Restaurant Association (Aderes) states that the government’s proposed tax reform will increase operational costs. This will directly affect Dominicans’ purchasing power and likely reduce their visits to restaurants. They argue the reform will negatively impact the middle class whose already strained purchasing power impacts their daily lives. Aderes’ president, Rafael Omar Cepeda suggests … Read more