2004News

No cash, no gas?

The association of gasoline retailers Anadegas has voted unanimously in favor of cash-only transactions in the sale of gas to the public. This move, which will inconvenience many consumers, is said to be “an act of solidarity due to the problems some of our members have had with the banking sector,” in the words of …
2004News

Power situation to improve?

This morning’s newspapers provide reassurance for those suffering the effects of the prolonged power outages that have plagued the country over the last few weeks. Finance Minister Rafael Calderon announced that the electricity supply should start to improve substantially as from this weekend. The deficit in the power sector has continued to hover around the …
2004News

Dollar up again

After a downward trend lasting several days, the US dollar has sprung back to as high as RD$55 on the informal exchange markets and to $50 at local banks. This most recent decline of the peso coincides with news that the International Monetary Fund agreement had resumed. Diario Libre specifically links the leap to yesterday’s …
2004News

Exports up by 8.9%

Dominican exports increased by 8.9% in 2003, according to government figures. The main areas of growth were industry, minerals and crafts, as well as the free trade zone’s non-textile sector. Danilo del Rosario, director of the CEI (Center for Export and Investment), highlighted the fact that traditional agricultural exports – coffee, cacao, sugar and tobacco …
2004News

Dominican-American Chamber of Commerce on FTA

In a conference yesterday attended by Industry & Commerce Minister Sonia Guzman, the executive vice-president of the Dominican-American Chamber of Commerce, William Malamud, commented on the recently completed round of negotiations towards a free trade Agreement between the Dominican Republic and the United States, held in Puerto Rico. Malamud identified the DR as a strategic …