2013 – Page 14

The Dominican Republic’s economy will grow by 5% in 2014 after closing this year at an estimated 3%, according to a new report from the Economic Commission for Latin America and the Caribbean (ECLAC) that was released yesterday, Wednesday 11 December. According to ECLAC’s annual report Preliminary Overview of the Economies of Latin America and …

Read more…

Speaking during the 5th Confederation of Indian Industry (CII) India-Latin America & Caribbean Conclave held in New Delhi this week, Fernando Gonzalez, president of the Commonwealth Roundtable in the Dominican Republic proposed that Indian businesspeople should see the Dominican Republic as their gateway into the Americas. He said historically, the Dominican Republic has been a …

Read more…

The Altice Group, the European company that recently purchased majority stock in both Orange and Tricom telecom companies in the Dominican Republic says that its products will be branded as Orange. Altice Group president Patrick Drahi told the Dominican press on Wednesday, 11 December that the new company would entice Dominican consumers with good offers …

Read more…

President Danilo Medina has provided engineers with the start up funds for the construction of 401 new public schools. During an event held at the Presidential Palace yesterday, Wednesday 11 December he spoke of his government’s commitment to the extended school programs. Minister of Education Carlos Amarante Baret, Minister of Public Works Gonzalo Castillo and …

Read more…

The Association of Commercial Banks (ABA) reported yesterday, Wednesday 11 December that they have decided to rescind the 1% charge on the use of credit cards for international purchases. According to the ABA press release, the issuing entities, such as VISA or Mastercard or American Express, charge the banks for the international use of their …

Read more…

The affiliates of the Dominican Social Security System payroll deduction scheme are guaranteed services through the National Health Insurance program. Yesterday, Wednesday 11 December the Minister of Public Health Freddy Hidalgo announced the end of the conflict between the health insurance entity (Senasa) and the specialist centers that make up the Ciudad Sanitaria Dr. Luis …

Read more…

The pension funds reached the astronomical figure of RD$239.6 billion, representing 10.3% of the Gross Domestic Product (GDP) last 31 October. The bad news for the workers who contribute to the funds is that if the current profitability conditions persist, for 2028 the pensions will barely cover 40% of the last salary the received. The …

Read more…

The water supply will be suspended starting today, Thursday 12 December in several parts of Santiago de los Caballeros city center, during an inspection operation to detect leaks. The sectors that will affected include Pueblo Nuevo, El Congo, Baracoa, La Joya, Los Hospedaje, Los Pepines, Avenida Las Carreras, from Cuba Street down, the city center …

Read more…

The legislative proposal of the Referendum Law, submitted by the Central Electoral Board (JCE) in the Senate, has caused a commotion within the PLD since some are linking it to the possibility of modifying the 2010 Constitution to reestablish consecutive presidential re-election. Yesterday, Wednesday 11 December, La Vega province senator Euclides Sanchez called on the …

Read more…

Frank Rainieri, the savvy businessman who heads the Punta Cana Group, has issued a call to tone down the debates over the decision by the Constitutional Court on nationality. In the lead article in today’s El Caribe, Thursday 12 December, Rainieri calls for setting aside the “diatribes” and “radical stances” in order to find solutions …

Read more…