2000News

Update on negotiations of the Caribbean free trade treaty

The next round of deliberations of the Caribbean Community (Caricom) and the Dominican government is scheduled for Santo Domingo, 24-26 January. The Ministry of Foreign Relations reported that little progress was achieved during the 12th round of negotiations that took place in Kingston, Jamaica. The Ministry said that the DR maintains its position of finalizing …
20002000 Travel News ArchiveNewsTravel

AA travel agent ticket commission reduction is illegal

The Civil Aviation Board rejected the American Airlines’ decision to reduce travel agents commissions in the DR. The organization ratified Resolution 96 of 1 June 1988 that fixes a 10% commission in favor of the travel agents. The president of the CAB, Armando Castillo Peña, said the CAB will be notifying all parties following taking …
2000News

Santo Domingo Stock Exchange leads in transactions

The Santo Domingo Stock Exchange registered RD$11,321.1 million in transactions from 1992 to December 1999. The Stock Exchange, which began operations on 12 December 1991, has brought major financial relief to many Dominican companies that are able to access lower cost funds. 97% of the stock exchange’s transactions are commercial paper. According to Donald Cott, …