Archive for the 'Economy' Category

Dominican capital to get 1st natural gas station for cars in days

Monday, May 12th, 2008

SANTO DOMINGO.- National Energy Commission (CNE) president Arístides Fernandez Zucco slated the inaugural of the first station to sell natural gas for cars in the next few days, as part of the Government’s policy toward efficiency and to save fuel.

Dominican economy will spearhead Caribbean slowdown, Forbes says

Wednesday, April 30th, 2008

Santo Domingo.- A “significant” decline in GDP growth in Dominican Republic is poised to spearhead an expected Caribbean-wide regional economic slowdown, said Forbes, quoting the Standard & Poor’s Ratings Services.
“While growth in the smaller economies should remain broadly resilient to the risk of economic and financial turbulence,” Forbes reports that S&P also noted that future […]

Dominican Government reneges on $148M ethanol plant deal, group says

Thursday, April 17th, 2008

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 […]

Dominican beer takes on the import competition in South Florida

Monday, April 14th, 2008

Dominican beer known for its white veil of ice is making inroads in South Florida
Santo Domingo.– Ask for a cold one in this sun-drenched Caribbean nation, and chances are you’ll get a Presidente beer. It likely will be “dressed like a bride,” with white frost on a bottle stored nearly frozen.

Dominican stock-market posts RD$6.3 billion in trades this year, Hoy reports

Monday, April 14th, 2008

SANTO DOMINGO.- Dominican Republic’s stock-market has posted RD$6.3 billion in trades so far this year, said its general manager Darys Estrella Mordán, who said 29 percent of that amount was in the secondary market, reports newspaper Hoy.
She said 13 issues have been made in the primary market this year, whose total has yet to be […]

Globasol to build US$30M biodiesel plant in Dominican south province

Saturday, April 12th, 2008

SANTO DOMINGO.- The company Globasol will spend up to 30 million dollars to build a biodiesel plant in Azua province (south) to supply the group Globalia’s hotel chain, said its biofuels division chief yesterday.

Americana announces new mall

Saturday, April 12th, 2008

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.