DR1 Daily News - Dominican Republic

Ernesto Martinez, Mario Lama, Jennifer Troncoso and Guillermo Prida / Hoy

The growth of the formal shopping sector in the Dominican Republic has been hampered by informality, according to executives of the National Organization of Commercial Enterprises (Onec), as reported in Hoy.

[The Onec executives did not directly pinpoint during the published interview the impact of Chinese invcestments here. Yet, the reality is that mega stores have surged taking advantage of tax loopholes allowed by the Abinader administration. Most of these stores are Chinese investments.]

During their participation in the Economic Encounter of Hoy newspaper, Onec president Mario Lama, vice president Ernesto Martínez Staffeld, executive director Jenniffer Troncoso, and Onec board member Guillermo Prida asserted that several factors have contributed to the...