Archive for the 'Economy' Category

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.

Top Dominican brewery offers US$160M in 5-year corporate bonds

Saturday, April 12th, 2008

Santo Domingo.- Leon Valores, Inversiones Popular and BHD Valores offer five-year corporate bonds of RD$4.6 billion ($160 million), of the Cerveceria Nacional Dominicana, the highest ever approved by Dominican Republic’s stock market superintendence since 2003.
The bonds have a minimum purchase of RD$100,000, with fixed rate and several with variable rates, to be established afterwards, said [...]

Dominican flag more expensive

Tuesday, April 1st, 2008

In the last fifteen days shoppers have noticed dramatic increases in food prices, included basics like rice, beans and chicken. In some cases prices have jumped an astounding 60%. Chicken, cod, herring, rice, oil, meat, milk, cheese, beans, condiments and some vegetables have been subject to price increases. According to Listin Diario, the price of [...]