2013News

No solution possible for electricity until 2016

In a lengthy article in today’s El Caribe, journalist Esteban Delgado reports on the real difficulties the government is experiencing in trying to resolve the chronic problems dogging a central element of Dominican development: the deficient and costly electricity service available to the population. This crisis, which has affected the people and the economy for …
2013News

ADP rejects offer and says they will fight on

The Dominican Teachers Association (ADP) that groups public school teachers said yesterday, Sunday 17 March, that it soundly rejects the 20% salary increase announced by the Minister of Education, Josefina Pimentel, and warned that “the fight goes on.” Union president Eduardo Hidalgo told Diario Libre reporters that he believes that the Minister of Education had …
2013News

Popular is the biggest

The Banco Popular Dominicano (BPD) has announced its results for 2012 and once again the bank performed very well. Total assets grew by RD$17.9 billion, reaching RD$223.5 billion, an 8.7% growth from 2011. Gross earnings were over RD$5.0 billion and net earnings, after taxes, were set at RD$4.1 billion, with shareholders earning 21.18%. Deposits were …