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As work continues on the Inter-American Development Bank (IDB) financed renewal program for the Colonial City of Santo Domingo, El Caribe reports that commercial activity in the historic center is slowly returning to normal. The sidewalks now have benches and native trees have been planted to encourage pedestrian traffic. According to the newspaper, there is …

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The Senate approved contracts for loans totaling US$138 million yesterday, Wednesday 12 November 2014, to be used to increase security in the electricity supply and to support the Distribution Network Modernization Programs. Senate Hacienda commission chairman Dionis Sanchez presented a report in support of the loans, stating that the modernization program is aimed at strengthening …

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The Attorney General Office is asking the Supreme Court of Justice (SCJ) for an extension period in order to deliver the evidence that they plan to use in support of the processing and seizure of Senator Felix Bautista’s assets. This came about because the secretary general of the Court is refusing to accept the 12,000-page …

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According to the Tax Agency (DGII), 92% of Dominicans regularly file their taxes online. Agency director Guarocuya Felix said that 87% of all payments are also received electronically. He said that the DGII rarely handles cash, and that 100% of all taxes are deposited in a single account managed by National Treasury. El 92% de …

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In the first seven months of the year, Dominican exports to Haiti reached US$560.3 million, according to statistics compiled by the Center for Exports and Investment (CEI-RD). Of this total, US$275.6 million was exported from free trade zones while US$284.7 million came from regular exports. http://www.diariolibre.com/economia/2014/11/13/i880241_julio-las-exportaciones-hacia-hait-son-us560-millones.html

A report in Diario Libre today, Thursday 13 November 2014, reveals that drivers of the multi-fare taxis known as “conchos” or “carros publicos” can make up to RD$35,000 a month, tax-free. Of the total, they have to pay RD$100 per day worked to the business associations (so-called transport unions) that have de-facto control of the …

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The Aguilas return to first place, defeating the Toros Del Este in a close battle, 4-3 in the Francisco Micheli Stadium in La Romana yesterday evening, Wednesday 12 November 2014. A three-run homerun by Ricardo Nanita in the first inning put the Aguilas Cibaenas on the road to victory. The Estrellas Orientales defeated the Leones …

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Before opening its offshore areas to oil and gas exploration, the Dominican Republic plans to create a domestic oil and gas regulator, relying in part on advice from the Alberta Energy Regulator (AER). The announcement was made earlier this month, October 2014 by Energy Minister Pelegrin Castillo who was in Calgary for talks with AER …

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