2014News

Peso devaluation increased payment to power generators by US$112.1m

The government will have to pay US$112.1 million or RD$4.6 billion more to power generators as a result of the 6.3% depreciation of the peso. As reported in El Caribe, power distributors paid power generators US$1.88 billion, including the additional US$112.1 million caused by the depreciation of the currency. The information comes from a study …
2014News

Danilo faction said to lead, PLD votes still being counted

President Danilo Medina’s followers within the ruling PLD are claiming victory in the election of new party Central Committee members, which took place on Sunday, 12 January. According to the initial bulletin Medina’s supporters obtained 25 out of the 37 posts available, with the director of the National Institute of Drinking Water and Sewers (Inapa) …
2014News

Many more people paying taxes

The Department of Taxes says that tax revenues from natural persons increased by 45.5% in 2013, rising from RD$1.5 billion in 2012 to RD$2.18 billion. He attributed the increase to the addition of many taxpayers who adhered to the fiscal amnesty in 2012. http://hoy.com.do/impuesto-las-personas-fisicas-tuvo-gran-crecimiento-en-el-2013/