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Haivanjoe NG Cortiñas. File photo.
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SANTO DOMINGO.- Securities Superintendent Haivanjoe NG Cortiñas said the issuing of public offerings in Dominican Republic has reached RD$11.37 billion to date.

He said 3.5 billion has been traded in the Dominican Bolsa’s Primary Market and 7.9 billion in the Secondary Market; whereas in the Central Bank notes Secondary Market the figure is 4.9 billion.

NG Cortiñas spoke before partners and associates of the Dominican-Spanish chamber of commerce and the Stock-exchange School, in the seminar "The market as a source of financing," aimed at promoting the stock exchange culture and to contribute with business.

The official said business must take part in the stock market, which for any economy is competitive, complementary, alternative and necessary for growth and development.

He cited Spain’s case, where one third of the population is involved in the stock market as an alternative financing source.

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COMMENTS
5 comment(s)
Written by: Sammy, 5 Dec 2007 8:21 AM
From: NY
Stocks represent 0% interest loans that are not obligatory.

This is what helped the US prosper, and will help the DR prosper and could lift many people out of poverty.

Employees can be granted shares for good working habits and loyalty.

The shares could trade on a simple exchange in pesos, much like the Chinese market.

The trading technology for the DR would only require a very small investment as well.

The Dominican peso based electronic stock market.

The difference being
Written by: Sammy, 5 Dec 2007 9:57 AM
From: contd
This is where Chavez has it wrong.

Assets reach their highest valuation on an electronic stock exchange.

Electronic transaction costs can be almost nothing, ie 5 pesos because it is just an electronic entry.

No debt, and employees that give their time to a comapny get shares for good performance and contributions to efficiency.

All one has to do is to access the shares prices on a computer, and each city could have a stock office, which wouls also accept new listings.
Written by: Sammy, 5 Dec 2007 10:02 AM
From: contd
Keep in mind this will be a Dominican market, in pesos, and will be extremely liquid in that it will be peso based whereby anyone could trade as little as 100 shares for 5 pesos.

Thus the Dominican stock market for Dominicans can happen, and can provide interest free capital, and help eliminate poverty in the DR.

Why not ? The technology is simple and available, and could provide another key to DR success.

Who would not want to own shares in an efficient electric wind farm with 0 debt.
Written by: Sammy, 5 Dec 2007 10:06 AM
From: NY
Who would not want to own the electric companies . And the employees that work at the companies would be given shares for their performance, and thus theft would handily be identified, and the electrical companies would become efficient.

Local TV programs could be initially broadcast by Leonel, and there could be a 930 to 4pm broadcast time that would continually share Dominican information on the Dominican markets, regarding new offerings, and current news, a Dominican Bloomberg .
Written by: mike l , 9 Dec 2007 1:19 PM
From: pop
i have no idea what Sammy is describing when he refers to stocks as a zero percent debt, because i dont know who the debtor is supposed to be. a stock is simply a financial instrument reflecting a persons proportional share of ownership in a corporation. i understand that the corporation is not compelled to make the investment profitable to the stockholder, but the stockholder can also lose his shirt; see ENRON!
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