2018News

Fitch Ratings places AES Andres on watch

Fitch Ratings placed Dominican Power’s long-term national rating S.A. (DPP) ‘AA (sun)’ in Negative Observation. Likewise, it placed in Negative Observation the rating of its issuance of corporate bonds of ‘AA (dom)’. The rating action incorporates the unplanned shutdown of its sister company AES Andrés that suffered an accident on 3 September 2018 supposedly when …
2018News

Fenatrado 72-hour cargo strike on hold

Government negotiators convinced National Federation of Dominican Transportation (Fenatrado) to desist of the nationwide cargo 72-hour strike they had called to start Tuesday, 25 September 2018 at 6am. Fenatrado is the nation’s largest freight hauling syndicate and has grown by using force to impose a practical monopoly on cargo transport with the lenience of government. …
2018News

Senate approves IDB loans for US$170 million

During the 19 September 2018 session, the Senate approved a US$150 million loan to finance the Government Sustainable Agroforestry Development Program. The program, a collaboration of the Technical Executing Unit of the Agroforestry Development Projects (UTEPSA) and the Ministry of Public Works, will be implemented in seven provinces: Elías Piña, San Juan, Azua, Independence, Bahoruco …