2024News

DR basketball loses 84-74 to Spain in preparatory game; DR seeks slot to Olympics

The Dominican Republic’s national basketball team suffered an 84-74 defeat to Spain in an exhibition game played on 29 June 2024, in Alicante, Spain. The game was part of the Dominican Republic’s preparation for the FIBA Olympic Qualifying Tournament, which will be held in Piraeus, Greece from 2 to 7 July 2024. Sports reporters highlighted …
2024News

DR government participates in China infrastructure forum

Minister of Public Works Deligne Ascención was in Macau, China to represent the Dominican Republic at the 15th International Infrastructure Investment and Construction Forum (IIICF) on 20 June 2024. The event was co-hosted by the China International Contractors Association (CHINCA) and Macau Trade and Investment Promotion Institute (IPIM). Ascención spoke about sustainable infrastructures at the …
2024News

Dominican Republic, US officials discuss semiconductor sector investments in Washington, D.C. meeting

In a bid to bolster trade relations and attract investments in the semiconductor sector, Ministry of Industry & Commerce (MICM) and Dominican private sector representatives met with senior officials from the US Department of State and the United States Agency for International Development (USAID) on 25 June 2024 in Washington, D.C. The delegation was led …
2024News

85% of businesses is in the informal sector; taxes deter mom and pop shops from entering the government system

 The 2022-2023 National Survey on Small, Medium and Micro Enterprises (MSMEs) carried out by the Ministry of Industry & Commerce and the Central Bank reveals that only 14.8% of companies in the Dominican operate in the formal sector and are registered with the government and pay taxes. 85% of the estimated 404,034 micro, small and …
2024News

Miguel Ceara Hatton tells his focus at the Ministry of Environment

In an interview with the Corripio Media Group, Environment Minister Miguel Ceara Hatton stressed the urgent need for public awareness regarding the conservation of natural resources and called for more tools to effectively combat environmental crimes. “In order to control these crimes, we would need five million police and military personnel to monitor every citizen, …
2024News

Ellen Perez: Keep tax rates low and simple; Purge wasteful spending in government

Economist Ellen Perez of Inteligencia Economica joins those who would like to see a simplifying of the tax code in the Dominican Republic as part of the announced fiscal reform promoted by the Abinader administration. The government was reelected for another term starting August 2024 and has more than enough legislators to pass any legislation. …
2024News

Young politicians say government wants to raise taxes to pay for wasteful spending

Spokespeople for the young emerging political party, Opción Democrática held a press conference to express concern that the much-touted fiscal reform is but motivated by a need for the government to compensate for the accumulated fiscal debasement created by the Abinader government itself. Virginia Antares Rodriguez argued that the tax system must be redesigned to …
2024News

Ramon Rogelio Genao submits Penal Code bill to the Senate; What’s the rush?

Vice President Raquel Peña had just announced this week that the Presidency would be submitting a new Penal Code to Congress, when surprise. Senator Ramon Rogelio Genao (PRSC) resubmitted the Penal Code. He says it is the same code that had not passed in the past legislature, excluding the most controversial issue, the three grounds …