Dominican News

Experts feel confident in new inflation target

Sat, 4 Feb 2012 04:20:00 GMT
Santo Domingo.- Dominican Republic's Central Bank voted to leave interests rates unchanged on February 2, its first meeting since introducing a new inflation-targeting framework.

Dominicans like their taxman, again

Wed, 1 Feb 2012 17:26:00 GMT
Santo Domingo.- Dominicans again ranked the Internal Taxes Agency (DGII) first in prestige and credibility among all Government departments, according to the survey “Most Admired Companies in 2011," published by the magazine Mercado (market).

Monthly salaries to US$850.0 pay no Income Tax

Wed, 1 Feb 2012 12:33:00 GMT
Santo Domingo.- The monthly salaries up to RD$33,326.00 (US$850.0) will no pay Income Tax (ISR), according to the Internal Taxes Agency's (DGII) Income Table on the adjustment for annual inflation. The measure retroactive to January 1 will mean extra money for workers, since the Income Tax will now be levied on those who earn RD$2,443.92 more than that amount.

Fungus ravages banana plantations in the Northwest

Tue, 31 Jan 2012 17:26:00 GMT
Montecristi, Dominican Republic. - A large number of the Northwest's banana plantations have been considerably damaged by the Sigatoka fungus, with losses in the millions sustained by hundreds of Valverde and Montecristi province farmers.

Central America wins bout against local import tariffs, Bloomberg reports

Tue, 31 Jan 2012 16:09:00 GMT
Santo Domingo.- The World Trade Organization has ruled against the country's import tariffs on polypropylene bags and tubular fabric, on a complaint by Costa Rica, Panama, Guatemala, Honduras and El Salvador, Bloomberg.com reports.

Despite denials, the country braces for a long weekend of blackouts

Fri, 27 Jan 2012 19:09:00 GMT
Santo Domingo.- Though the announced major maintenance on two units of AES Dominicana's power plants at Andres and Los Mina will mean 550 megawatts fewer energy until Tuesday 31, data from the National Interconnected Electric System's Coordinating Organism (OC-SENI) also reveals that the facility Itabo I also faces difficulties, from a leak in one of its boilers.

Utility announces new circuit to improve voltage in the Southwest

Fri, 3 Feb 2012 16:47:00 GMT
Santo Domingo.- The power utility EDESUR Friday said it will start operating a new distribution circuit on February 8 to eliminate the low voltage in 38 southwestern communities in Pedernales and Barahona provinces, for which those residents will no have longer to use energy elevators or reductors.

All fuels except gases to cost more

Fri, 3 Feb 2012 15:48:00 GMT
SANTO DOMINGO. - For the week from January 14 to 20 premium gasoline will cost RD$225.30 or RD$2.70 more per gallon and regular goes to RD$209.00, or RD$2.50 higher per gallon.

Four companies bid to lease 300 natural gas-fueled buses

Fri, 3 Feb 2012 13:01:00 GMT
SANTO DOMINGO.- The bus services management agency (OMSA) yesterday began to evaluate the four companies which will make tender offers for the lease of at least 300 buses fueled with natural gas, and to cover the mass transit deficit in the capital and Santiago.

Official shows off new subway station, says straphangers save RD$1.6B

Fri, 3 Feb 2012 12:30:00 GMT
Santo Domingo.- Transport Reform Office (Opret) director Diandino Peña Thursday said the tests with commuters in the Santo Domingo Metro Transfer Station will start today, to familiarize them on how to switch between the two subway lines, and revelaed savings for commuters of RD$1.6 billion.

Biggest power company reaches 300MW, expands natural gas terminal

Fri, 3 Feb 2012 12:08:00 GMT
Santo Domingo. - The power company AES Dominicana expanded its natural gas terminal to supply up to two more generation units, for a total 300 megawatts and increase the capacity for industrial customers, at a cost of US$8.0 million.

Transfer station links both subway lines opens for test Saturday

Thu, 2 Feb 2012 14:53:00 GMT
Santo Domingo.- The Transit Reform Office, Opret, will open to the public the transfer station between the Metro's (subway) lines 1 and 2 from Friday, January 3 to Saturday the 18th.

Ruling against tariffs won't mean penalties, top exporter says

Thu, 2 Feb 2012 12:00:00 GMT
Santo Domingo. - The president of the Dominican Exporter Association (Adoexpo) yesterday affirmed that the decision from the World Trade Organization (WTO) favoring the Central American countries in a tariffs dispute doesn't imply any penalty for the country, but noted that the Government will have to relinquish the levy.