News – Page 3

Over the past 14 years, the Dominican Republic has emerged as a primary destination for Venezuelan capital, securing US$851.9 million in Foreign Direct Investment (FDI) between 2010 and 2024, as reported in Noticias SIN. According to the latest data from the Central Bank (BCRD) and ProDominicana, Venezuelan investment now accounts for 1.93% of the country’s …

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The Chamber of Deputies has approved the second reading of an organic law to create the National Intelligence Direction (DNI), a move that has sparked intense pushback from opposition parties who warn the bill threatens fundamental constitutional rights, as reported in Hoy. The legislation, proposed by Senate president Ricardo de los Santos, passed despite a …

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The National Central of Unified Transporters (CNTU) has officially launched a pilot nighttime bus service dubbed the “Third Shift” (Tercer Horario). Fares are RD$45. The initiative aims to modernize urban mobility in Santo Domingo and bolster the local economy by providing transit during hours when the city typically grinds to a halt. Operating strictly between …

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The number of workers holding multiple jobs has spiked significantly in the Dominican Republic, posting a 13.5% year-over-year increase in 2025, according to the latest report from the Ministry of Economy and Finance, El Dia reports. People need the extra job to make due as wages remain low. Wages in the Dominican Republic have kept …

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The Toros del Este (La Romana) defeated the Aguilas Cibaeñas (Santiago) 17-1 and the Leones del Escogido (Santo Domingo) defeated the Gigantes del Cibao (San Francisco de Macoris) 5-0. The race for the Dominican Winter Baseball League (Lidom) Championship continues with the Toros and the Escogido tied for the first place with seven wins and …

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The recent renewable energy auction in the Dominican Republic marks a historic turning point for the country’s energy landscape. The marked international interest is unprecedented and a game-changer for the nation because the investors will also be installing battery storage for the solar and wind energy produced by the new renewable energy parks. The Dominican …

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President Luis Abinader designated his Customs Agency director, Eduardo “Yayo” Sanz Lovaton to be his Minister of Industry & Commerce and Small Business. Nelson Arroyo is sent to head the Customs Agency for the remainder of the Abinader presidency with Decree 3-26. Sanz Lovaton is a graduate in law from the PUCMM with a masters …

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Francisco Oliverio Espaillat Bencosme has been named Minister of Agriculture. He is best known as a leading rice producer who has spearheaded surviving imported rice and labor problems by mechanizing most of his farms. He also offers the mechanization services to smaller farms. An agronomy engineer and graduate of the Pontificia Universidad Católica Madre y …

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President Luis Abinader has appointed Pedro Porfirio Urrutia Sangiovanni as the new director general of the Tax Agency (DGII). A Certified Public Accountant with a master’s degree in Tax Law and Tax Advice, Urrutia Sangiovanni is a founding partner of the firm Moore ULA. His background includes participation in the drafting and revision of legal …

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The Tax Agency (DGII) is set to close 2025 with a strong fiscal performance, projecting accumulated revenues of RD$913.14 billion. This figure represents a 7.9% increase compared to 2024. With December’s collections, the DGII has now exceeded its estimated revenue targets for 64 consecutive months, marking a significant milestone for the Tax Administration. The year-end …

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