Santo Domingo.– Caricom heads are to once again consider an application from the Dominican Republic for membership in the 15-member grouping when they meet in July of this year.
The issue, which was one of the major items up for mention at the 12th Meeting of Caricom’s Council for Foreign and Community Relations (COFCOR), has been [...]
Anders Alm, Ikea’s director for the Canary Islands and the Dominican Republic, says that the opening of a branch of Ikea in Santo Domingo is just a sampling of what the chain has in mind for Latin America. Alm said that Ikea has 260 stores in Europe, Asia, Australia and the US, but the Santo [...]
Santo Domingo.– For a country with no current oil production, hopes are high for potential exploration and production success in the Dominican Republic.
The nation is currently reviewing proposals from companies interested in e&p possibilities in the Cibao, San Juan, Bani-San cristobal and San Pedro basins.
Santo Domingo.- The National Competitiveness Council (CNC) requested the implementation of business network incubators in the country, aimed at creating highly-competitive companies, based on the availability of intellectual capital and continuous innovation.
CNC director Andres Van Der Horst proposed the initiative together with the organization Jaycees 72, coordinated by the Industrial Property Office, and the Business [...]
SANTO DOMINGO.– President Leonel Fernandez should give the go-ahead to build a plant to process sugar cane to produce ethanol, at a cost of $148 million, said Tuesday a growers union, mill workers and the companies involved in the project.
The president of the company Conazucar, Miguel A. Santana, said though the government agreed to lease [...]
Ferreteria Americana, one of the leading local department stores, announces that it will turn its JF Kennedy location into Santo Domingo’s leading shopping mall, with a US$70 million investment in the next three years. President Leonel Fernandez was there for the groundbreaking ceremony.
Santo Domingo.- The Dominican tobacco industry has 6,150 producers, provides 36,000 direct jobs and last year exported 650 million units, worth US$575 million, said Tobacco Institute (Intabaco) director Adalberto Rosa.
The official said the tobacco production chain generates 117,000 indirect jobs, which benefit 300,000 people.