2024 – Page 18

Late last week, there were headlines in all of the local newspapers that the Central Bank of the Dominican Republic was “releasing [billions of pesos] from the legal reserve.” Some of this money, RD$35 billion, was destined to the housing and construction sector for low and medium-income housing projects. But just what is the “legal …

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Renowned political figure and former district attorney, Guillermo Moreno, has vehemently condemned the recent regulations proposed by the Supreme Court of Justice (SCJ), arguing that they pose a grave threat to transparency and could foster impunity. Moreno contends that these new regulations, which aim to conceal the identities of individuals involved in criminal proceedings, directly …

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On Saturday, 30 November, the 2024 Hurricane Season came to an ‘official’ end. This does not mean, however, that there might not appear a tropical storm in December. According to many meteorologists, the warm waters of the Caribbean could still produce some interesting weather. But let’s look at the positive aspects: the Dominican Republic was …

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In an atmosphere brimming with joy and tradition, the Presidential Palace was illuminated on Wednesday, 27 November 2024, with thousands of twinkling lights as the Dominican Republic officially kicked off its 2024 Christmas season with the grand tree lighting ceremony. Joined by President Luis Abinader and Vice President Raquel Peña, First Lady Raquel Arbaje warmly …

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Vice President Raquel Peña celebrated a significant milestone in the nation’s education sector on 27 November 2024 when 16,000 students successfully completed the 20th graduation of the English Immersion Program. The Ministry of Higher Education (MESCyT) program is free to students. “Today is a day of celebration and national pride: 16,000 young people have achieved …

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The Central Bank of the Dominican Republic (BCRD) has authorized the release of RD$35 billion to stimulate the housing market. This decision, announced by Central Bank Governor Hector Valdez Albizu during a meeting with heads of multiple banks, aims to increase lending for home purchases, interim loans, and construction. The funds, equivalent to 1.75% of …

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The National Council of Export Free Zones (CNZFE) has given the green light for 12 new companies to operate within its tax free and labor flexible regime, representing an investment of US$66.65 million. The companies would generate 670 new direct jobs nationwide. During the Council’s sixth meeting of 2024, it was revealed that the new …

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Online digital issues of the media, stores and word of mouth are spreading information on where to get discounted prices on that item you may have been looking to buy for months. All throughout November, Black Friday specials have prevailed so people don’t have to deal with the crowds. But the actual day, 29 November …

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On occasion of the traditional Thanksgiving Day luncheon at the American Chamber of Commerce, the US Embassy Charge d’Affaires Patricia Aguilera spoke and gave a wrap-up of what the DR-CAFTA, the Dominican Republic-Central America Free Trade Agreement has meant for the US-DR relationship. Signed in 2004, Aguilera says the agreement has cemented the long-shared robust …

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The operator of the Caucedo Port in Santo Domingo province, DP World announced the port recently received the largest container ship ever to dock at a Dominican port, the MSC Marie. The port operator says the arrival of the ultra-large container vessel solidifies the country’s position as a key logistics hub in the Americas. The …

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