2012News

Progress on legalizing immigrants’ work permits

The Migration Department has signed an agreement with the Dominican Builders and Housing Association (Acoprovi) and the Dominican Agribusiness Board (JAD) to examine options for establishing procedures for implementing the process of regularizing the status of foreign workers. The agreement will pursue the introduction of article 135 of the Labor Code while promoting the idea …
2012News

Fitch gives Banreservas ‘B’ rating

Fitch ratings has confirmed the ‘B’ rating for the Dominican Reserve Bank, Banco de Reservas which reflects the support provided by its shareholder, the Dominican government. The rating balances its ample market share, stable deposit base and adequate liquidity with weak profitability and asset quality metrics when compared with domestic and similarly rated international peers. …