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.
Image: external source Venezuela.- Delcy Rodriguez, the Venezuelan Vice President, stated that the Dominican Republic has an outstanding debt of $350 million from oil purchases. She urged Luis Abinader, the Dominican President, to pay this debt expediently. She accused Abinader of siding with the United States and demanded immediate payment. Venezuelan Interior Minister Diosdado Cabello … Read more
Santo Domingo – Natural Energy of the Dominican Republic (Enadom) is a firm specializing in natural gas storage and transportation infrastructure. The Securities Market Superintendency (SIMV) has approved Enadom’s Corporate Bond Issuance Program worth US$300 million. The bonds, structured by CCI Stock Market with BHD Stock Market as co-placers, will mature over 15 years. Eleven … Read more
Santo Domingo.- Guillermo Caram, economist, criticizes Venezuela’s President Nicolás Maduro and Diosdado Cabello. Their suggestion that Venezuela uses oil as a weapon against the Dominican Republic is unfounded, says Caram. He explains, Venezuela’s oil is not given for free or at reduced prices like with Cuba or Nicaragua. The arrangements such as San José and … Read more
Santo Domingo – Caribbean Transmission advances the Hostos Project with the support of President Luis Abinader. The Hostos Project is aimed at installing a submarine cable to connect the electrical systems of the Dominican Republic and Puerto Rico. This allows more efficient use of renewable energies, disaster response, and stability of the electrical systems of … Read more
Punta Cana. On Friday, September 13, A memorable tribute show to the late singer, Selena Quintanilla, will be hosted by Hard Rock Café Punta Cana. The talented Venezuelan Angélica Vivas will perform this tribute. Angélica Mariana Vivas Rodríguez, originally from La Victoria, Aragua State, Venezuela developed a passion for music at an early age. She … Read more
Santo Domingo.- In a recent meeting, President Luis Abinader discussed the Haitian crisis’s impact on the Dominican Republic with U.S. Secretary of State Antony Blinken. He noted the strain it places on migration, health and education systems. In a press briefing, he shared that about 6.5% of Dominican Republic students, approximately 147,000, are Haitian. Haitian … Read more
PUERTO PLATA.- The reactivation of the tourism industry in Puerto Plata is starting to take shape. The Punta Bergantín project is still in its early stages. The number of tourists arriving by air has significantly increased, as reported by the Central Bank. From January to July 2024, Puerto Plata welcomed 280,290 tourists by air, showing … Read more
PUNTA CANA. Who doesn't remember the brave Sarah O'Connor in the film Terminator? This was one of the first films created to alert humanity about a struggle between humans and machines. The film, shot in 1984, begins with a time travel to 2025, the setting in which the clash between humans and robots would occur. … Read more
Santo Domingo.- The Dominican Republic has taken a significant step towards innovation and sustainability with the launch of its first blue biotechnology company, SOS Biotech. This new entity emerges from SOS Carbon, an organization originating from the Massachusetts Institute of Technology (MIT) that has been tackling the problem of sargassum in the Caribbean with its … Read more
New York.- President Luis Abinader highlighted that the Dominican Republic has achieved significant economic growth in the last fifty years, with an average annual growth rate close to 5%, which translated into a gross domestic product (GDP) exceeding 130 billion dollars, making the Dominican Republic the seventh largest economy in Latin America and the Caribbean. … Read more