Dominican Stock Exchange director Darys Estrella also gets much of the credit.
SANTO DOMINGO.- Dominican companies are taking steps to sell equity in the stock market, as an increasing number can now make a variable yield initial public offering (IPO).
Securities superintendent Haivanjoe Ng Cortiñas said the recently passed Law on companies creates the legal framework needed for them to adapt their by-laws as a previous step to enter the stock market with variable yield equity.
He said the corporative governance concept will be an important element in the new social statutes of companies, to make the change from a privately-held company to a publicly-traded one.
Ng said 23 local Dominican companies began to take that first step by issuing fixed yield commercial paper to the public, which takes them closer to entering the variable yield market or to sell shares. “There’s no way for the companies to take the step to a variable yield before as important step of corporative governance and minimum capital to adapt their officering as a publicly traded company."
In 2008 RD$42 billion were traded in the stock market, or a growth of 154 percent compared with the RD$16.5 billion traded in 2007.
From: United States
Watch your wallet here come the crooks, a lousey judical system and a corrupt government.
If you want to lose your money this is a good entry point.
Written by: belly51, 2 Mar 2009 11:17 AM
From: Dominican Republic, San Francisco y Houston,TX
Oh boy here comes another scam.When they reach the desired amount of money they will shut down and disappear from the planet.or maybe just go to the palace and split the earning.The sad part of it is that such a talented female is in the mix of all
Written by: Cacique, 2 Mar 2009 11:28 AM
From: Dominican Republic
Not so fast, scams are everywhere, especially the U.S., so cut us some slack my gingolite friends...
Written by: belly51, 2 Mar 2009 12:05 PM
From: Dominican Republic, San Francisco y Houston,TX
Cacique
I know they are everywhere even here in US but i would hate to see Darys Estrella's name get mix into something dirty.She worked so hard to make it there.I am Dominican and that would hurt me to see it happen.I have seen so many cases in DR that my expectation are not set so high.Lots of hardworking Dominicans have been cut up in the mix of crook politicians and friends.
Written by: BLANCO, 2 Mar 2009 1:19 PM
From: Dominican Republic
i can see bernie madoff here in the future!!!!
mr. ponzi biggewr than what is going on now
From: United States
Never.
Written by: josean, 2 Mar 2009 1:34 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
For what its worth, I have a very close friend who is very close to Darys Estrella and she tells me she is a straight arrow!
Written by: belly51, 2 Mar 2009 1:56 PM
From: Dominican Republic, San Francisco y Houston,TX
Josean,
I think she is a straight shooter but i don't know about people around her.She worked herself to the top with hard work.I would hate for her to be turned into laughing matter.The first company that hired her out of school was looking for top talent at the time and they picked her so she ain't no dummy.I wish her the best.
Written by: Escott, 2 Mar 2009 2:22 PM
From: Dominican Republic, Cabrera and Sosua a 2 days a month for payday
She may be a straight arrow but you couldn't get enough straight arrows to protect a vacant beach in this country.
Written by: josean, 2 Mar 2009 2:30 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
Escott,
I see your point!
Written by: belly51, 2 Mar 2009 3:25 PM
From: Dominican Republic, San Francisco y Houston,TX
I love to see Dominican Woman stepping up to the plate and doing good is about time they come out the kitchen.
From: United States
Transparency will be the key, along with a truly independent accounting/auditing community. An equity exchange is surely a step forward in the organization of a nation's economy but we have seen how even the most well regulated and liquid stock markets (US's NYSE & NASDAQ) have helped to amplify the pain of financial dislocations begun in other parts of the system (real estate). That in mind I wonder if any protections are in place so that if this market takes off an attracts capital to DR we don't end up fearing destabilizing, rapid withdrawals of that capital.
From: United States, Yonkers, NY
Ha ha ha ha ha ha You're kidding me right??
Written by: walnut, 2 Mar 2009 9:14 PM
From: Dominican Republic, La Romana
Just who regulates this? Better to buy gold and platinum coins, Safer and always in plain view.
Written by: shorty, 2 Mar 2009 9:57 PM
From: Canada
Can you shortsell Dominican equities?
From: Canada, Toronto ,Cabbagetown,Parliament and Gerrard
talk about wallpaper
Written by: ateo1992 
, 3 Mar 2009 7:36 PM
From: Dominican Republic
my dad invests in the Dominican stock market, trust me it isn't that bad is going forward :))
Written by: Trujillo, 3 Mar 2009 10:17 PM
From: Dominican Republic
ateo, it is the job of many people to give us a bad name every chance they get, and by 'us' I mean everything dominican.
From: Canada, Toronto ,Cabbagetown,Parliament and Gerrard
Barney Frank: Voters always laughed at the size of my reputation, but then I discovered Stimulus Package I quickly gained a reputation that makes the voters scream. It grew 50% in just one week and I am a changed man...
Charles Schumer: The voters go wild and crazy once they see the size of my Stimulus Package.
I love how they say I got pork. I love multiple media orgasms. Forget about fake enthusiasm - the Stimulus Package will keep it strong, firm, and long-lasting.
Chris Dodd: You will be absolutely amazed when you see your economy gradually becoming LARGER and LARGER, right before your eyes! NOTHING compares to the feeling of having a larger economy. I don't know where my career would've been without the Stimulus Package!
From: Canada, Toronto ,Cabbagetown,Parliament and Gerrard
Enlarge Your Economy in Just Days with Stimulus Package
Did you ever ask yourself is your economy big enough? Do you feel insecure about the pork in your portfolio? Do you want to stop your Dow Jones from shrinking at the most embarrassing moments? It is finally possible with the only economy enlargement product that works. You can become a lean, mean and fierce economy-stimulating machine in just days! Satisfy your community's dream of having a representative with a massive Stimulus Package. Enhance, enlarge and upsize the economy today! Stop settling for second best, get your huge bailout here!
Written by: BLANCO, 5 Mar 2009 9:12 AM
From: Dominican Republic
and who is going to audit the books for these Public companies...are they going to open the real books???? that is the one in the bottom right drawer. even juan at dgii would like to see those
Written by: juliony, 8 Mar 2009 6:16 PM
From: United States, New YOrk
The country is moving forward.. we will be creating one of the largest stock house in the world.. In another 10 years... you will have majors corporations trading in the our small island.. imaging one trillion dollars a day.. and only paying a small fee of less than 8% tax of the profit..many politicians are going to try to get a piece of the pie.. but it is too late.. I wonder how big of the piece Leonel already got.. that we will have to wait and see..
Yes we are going to have crooks in this business.. just like Bernie and his ponzi scheme.. but the country will benefit from all the trades.. Some people will loose money and some will make money.. At the end you are only interest in how much money you made...:)
Written by: rokete, 29 Apr 2012 8:18 PM
From: Dominican Republic, Santo Domingo
Remember this, the U.S. has the most regulated financial system in the world, nevertheless it cannot avoid fraud and the crooks that play the system. The whole world in full of crooks up to the gills. Yet people still invest their money in the world markets, and many make a profits.
At this point in time, we should give the Dominican stock market the benefit of the doubt. Of course there will be crooks by the truck loads, like vultures looking for opportunities. However, as we should all know, in the market; higher risk, may mean more opportunity for profit, or higher return. Like (risk return trade off ) in basic finance.
As far as the Dominican judicial system is concern, that is more of a concern at this point in time, for it leaves a lot to be desired, to say the least.
Written by: josean, 29 Apr 2012 8:49 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
"Of course there will be crooks by the truck loads"
In DR we measure the crooks by the over-priced METRO car load!
Smaller
Bigger
Close Gallery
Facebook
Digg this
del.icio.us
Technorati
Yahoo
If you want to lose your money this is a good entry point.
I know they are everywhere even here in US but i would hate to see Darys Estrella's name get mix into something dirty.She worked so hard to make it there.I am Dominican and that would hurt me to see it happen.I have seen so many cases in DR that my expectation are not set so high.Lots of hardworking Dominicans have been cut up in the mix of crook politicians and friends.
mr. ponzi biggewr than what is going on now
Never.
I think she is a straight shooter but i don't know about people around her.She worked herself to the top with hard work.I would hate for her to be turned into laughing matter.The first company that hired her out of school was looking for top talent at the time and they picked her so she ain't no dummy.I wish her the best.
I see your point!
Charles Schumer: The voters go wild and crazy once they see the size of my Stimulus Package.
I love how they say I got pork. I love multiple media orgasms. Forget about fake enthusiasm - the Stimulus Package will keep it strong, firm, and long-lasting.
Chris Dodd: You will be absolutely amazed when you see your economy gradually becoming LARGER and LARGER, right before your eyes! NOTHING compares to the feeling of having a larger economy. I don't know where my career would've been without the Stimulus Package!
Did you ever ask yourself is your economy big enough? Do you feel insecure about the pork in your portfolio? Do you want to stop your Dow Jones from shrinking at the most embarrassing moments? It is finally possible with the only economy enlargement product that works. You can become a lean, mean and fierce economy-stimulating machine in just days! Satisfy your community's dream of having a representative with a massive Stimulus Package. Enhance, enlarge and upsize the economy today! Stop settling for second best, get your huge bailout here!
Yes we are going to have crooks in this business.. just like Bernie and his ponzi scheme.. but the country will benefit from all the trades.. Some people will loose money and some will make money.. At the end you are only interest in how much money you made...:)
At this point in time, we should give the Dominican stock market the benefit of the doubt. Of course there will be crooks by the truck loads, like vultures looking for opportunities. However, as we should all know, in the market; higher risk, may mean more opportunity for profit, or higher return. Like (risk return trade off ) in basic finance.
As far as the Dominican judicial system is concern, that is more of a concern at this point in time, for it leaves a lot to be desired, to say the least.
"Of course there will be crooks by the truck loads"
In DR we measure the crooks by the over-priced METRO car load!