Santo Domingo.- The country has become very attractive for Colombian investments becoming a major destination for capital from that nation, according to the latest report of the Economic Commission for Latin America and the Caribbean (Cepal) for 2012.
It lists the US$23.5 million acquisition of the insurance underwriter ProSeguros in 2011 by the Colombian Sura Group; Bon Ice cream by Nutresa, and investments by Argus Cement, including the production of clinker.
Venezuela investments have also been coming for years, including banks, resorts, commercial buildings, the Dominican Refinery among other businesses.
Cepal said Venezuelan investments in the country have skyrocketed from less than US$5 million in 2005 to US$140.4 million in 2010.
Moreover a recent Export and Investment Center (CEI-RD) report notes that the Velutini Group spent US$100.0 million to build Santo Domingo’s Blue Mall, and US$60.0 million for a similar shopping center at the resort region Punta Cana. It said Velutini also plans 534 rooms spread among villas and apartments at Punta Cana, at a cost of US$110.0 million.
The Venezuelan Cisneros Group announced a US$2.0 billion investment in a tourism project in September 2009, whereas in 2008 the Cohén Group started construction of the Sambil Center Santo Domingo, on 63,000 square meters, at a cost of more than US$200.0 million.
From: United States
I LOVE to hear stories like that.. meanwhile there are a couple people very negative about dominican future, so many others worlwide see a bright future for dominican Republic..
I think that we have the economic and political stability for a success in international investment
That's why we 're atracting more and more foreign capital!
Thanks God!
Written by: Atabey, 22 May 2012 11:24 AM
From: United States, NYC
All good indicators that DR is moving on the right path. If things were truly so bad, why invest money in DR?
Over to you.
Written by: bernies, 22 May 2012 12:03 PM
From: United States, key west fl
Don't tell this to Josean he will crazy and start saying that all that invesment is narco money.
From: United States
Some people simply derive great pleasure to see others fail, love to foresee doom and gloom. It is like a sort of mental maturbation. Nevertheless, the saying is very true misery loves company. But it aint gonna find it here.
Written by: josean, 22 May 2012 2:10 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
Written by: bernies, 22 May 2012 12:03 PM
From: United States, key west fl
Don't tell this to Josean he will crazy and start saying that all that invesment is narco money.
Thank You bernies you are absolutely RIGHT!
The Largest Laundromat in the Caribbean thanks to the Narco-PLD!
From: United States
@josie Ane
As always, you are speaking a lot of baba....
So, como diria tu papa" eso lo que es un baboso!"
Written by: synapse, 22 May 2012 2:27 PM
From: United States
If you have Dirty money the DR is the perfect destination because no one asks any questions. They just say, Bienvenido!
Written by: danny00, 22 May 2012 2:37 PM
From: United States, syosset, key west, santo domingo AND NOW THE GLOBE TROTTER
Written by: ohhhvictor, 22 May 2012 11:22 AM
From: United States
I LOVE to hear stories like that.. meanwhile there are a couple people very negative about dominican future, so many others worlwide see a bright future for dominican Republic..
I think that we have the economic and political stability for a success in international investment
That's why we 're atracting more and more foreign capital!
Thanks God!
IDIOT HOW STUPID CAN U BE? ITS DRUG MONEY NOTHING ELSE.
FOR RIGHT NOW WHO IN THEIR RIGHT FRAME OF MINE WOULD INVEST INTO ONE TRASH CAN?
HEY! JUST A FEW MONTHS AGO THE BUSINESS MEN THE BRITS RAN FROM THE COUNTRY BECAUSE THEY WHERE SHANKING THEM DOWN. AND THEY ARE NOT THE ONLYS ONES WHO TRY AND THEN RUN FOR THEIR LIVES.
Written by: danny00, 22 May 2012 4:17 PM
From: United States, syosset, key west, santo domingo AND NOW THE GLOBE TROTTER
Written by: ohhhvictor, 22 May 2012 11:22 AM
From: United States
I LOVE to hear stories like that.. meanwhile there are a couple people very negative about dominican future, so many others worlwide see a bright future for dominican Republic..
I CANT UNDERSTAND WHY ANYONE WOULD BE NEGATIVE
YES THE FUTURE IS VERY BRIGHT. JUST LOOK AT ALL THE MALLS AND THE PLAZAS AND HOTELS THAT HAVE OPEN IN SANTO DOMINGO AND THOUGH OUT THE COUNTRY. AND THOUGH THIS THE UNEMPLOYMENT HIGH NUMBERS IN THE DR HAVE DROPPED TO AN ALL TIME LOW. JOBS FOR EVERY ONE LOTS OF MONEY LIZ FOR ALL 24/7. EDUCATION FOR ALL THAT WANT IT WITH THE BEST TEACHERS IN THE WORLD IN THE CLASS ROOMS IN LA- LA LAND
CHOO CHOO CHOO- CHOO TRAIN.
From: Dominican Republic
are you blind ohhvictor.i think u ataby and danny00 are some seroius drugs lol. of course ur attracting foriegn investment.this is the haven for nations to hide there money.columbia and venezula,are u kidding.keep the drug money roling in baby hahaha lol.what a joke.how much is the pld paying you ohhvictor.hahah.and danny00 i see ur profile says the us.i live here buddy and i can tell u those numbers u have are completely wrong.more like less jobs,more crime,less education (1.4% groth is nothing) and more taxes ibitis16% soon to be 18%.and less not forget more CORRUPTION.best teachers in the land ur seroiusly smoking the pipe/(japan)and a choo-choo train that does nothing for 80% of the country that never will utiliz it.need to make the amtrak cho-cho that goes from north to south,east to west instead.iam dominican and i got to diss myself and to admit alot of dominicans do shit half-ass.thats why some call us daaaaaaaminican.lets do s--- right my people.real progress,real completion
Written by: josean, 22 May 2012 5:15 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
Danilo was MADE by the Narco-Corrupt PLD and now the MADE Man belongs to Narco Corrupt PLD Mafia who OWNS him Lock Stock and Barrel.
He will do what Narco Lie-onel Fernandez and his Bag Man Felix Bautista tell him or ELSE!
So Dirty Money will roll in by the Metric Ton!
From: Dominican Republic
hey josean my friend what are we gonna do with the 3 clueless nuts danny00,ataby and the most ignerant,clueless and most blinded of the purple people eaters, ohhvictor.hahaha lol.can't wait to see the next 4 years.higher taxes ibitis 16-18% and higher gas prices.why is it that gas is down in the us the last 2 months and gas here hasn't gone down as well ummmmmmmmmmmmmmmm we know.keep up the good fight brother.
From: Dominican Republic
"Velutini Group spent US$100.0 million to build Santo Domingo’s Blue Mall, and US$60.0 million for a similar shopping center at the resort region Punta Cana. It said Velutini also plans 534 rooms spread among villas and apartments at Punta Cana, at a cost of US$110.0 million."
A bit misleading here....nothing has been built by them in Punta Cana. They had signs up for about 6 months and now everything is taken down...just an empty lot.
Written by: josean, 22 May 2012 8:02 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
"A bit misleading here"
No ! Not in a Country where an Election is stolen before our Very Eyes!
From: United States
Miami was initially built with drug money, and it still going strong......................full speed ahead.
Written by: josean, 22 May 2012 9:32 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
"Miami was initially built with drug money, and it still going strong......................full speed ahead."
PLD NARCO-ideology at its best and the essence of their Economic "development" model!
From: Dominican Republic
Let me answer josie Anne:
-----Opposition leader (only Guido capone masarra with his car pack with military weapons ) were not allow inside of JCE ( agaisnt the law)
---Cedulas were bought by both parties ( a small number not the necesary hundred of thousands (5% of 6.5 millions that would make a difference)
---TV station were close because they were trasmiting fake results before JCE ( against the law)
---Newspaper executive kidnapped: Who? where?
____________________
EVERYTHING YOU SAID IS A LIE
accept your defeat like a gentleman...
Dominicans already made their choise.No excuses.
PRD lost. PLD won..
UE, JCE, International and national press, , international observers, USA and the rest of domican people say so.
Legally and cleanly. Period
Nothing else matter
What else don’t you understand?
Written by: josean, 22 May 2012 10:02 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
If Narco- Danilo won this election, then George Bush also won fair and square in 2000 and it didn't have to be decided in Republican Dominate Supreme Court 5 to 4 in Bush v. Gore!
From: United States
We can not deny there is narco money floating within the Dominican economy, however the vast majority of foreign investments are legit. It is clearly obvious that as a consequence of an unstable political climate in Venezuela the DR has become a beneficiary of capital flight.
Capital markets are averse to risk and become jittery at the onset of uncertainty and will quickly resort to the movement of money from one investment to another more viable one in search of safety, greater stability and/or increased returns.
Written by: josean, 23 May 2012 12:04 AM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
"Venezuela the DR has become a beneficiary of capital flight."
"however the vast majority of foreign investments are legit."
How do you know that?
So DR is more Stable than the US?
Wall Street must be shaking in their wing tipped shoes!
Only if the money is not legitimate will it go to a place like DR versus the USA!
Given your erudite dissertation on the international flight of capital we should be Switzerland by Christmas!
From: United States
@Josie Anne:
Again, you said nothing but B.S.
Dominicans already made their choise.No excuses.
PRD lost. PLD won..Period
What else don’t you understand?
Written by: josean, 23 May 2012 8:44 AM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
The PLD NARCO MAFIA will expand the Criminal Haven for the worst NARCOS to come and Launder their Money!
From: United States
@Josie Anne:
Again, you said nothing but B.S.
Dominicans already made their choise.No excuses.
PRD lost. PLD won..Period
What else don’t you understand?
From: United States, I dont even live inside a house , I haunt one!
I think everybody in this room , needs to go to political party rehab , you guys smoking some wild shit .
From: United States, Dame LUZ..24/7 and everyone will progress!
Hey it's the Miami 80s in DR now with all the narc money pouring in from you know where. No doubt it's happening all over again, all they have to do is trace the money back to the owners.
Also DR dose not have to deal with any guerrilla issues like South America and the US doesn't spend time focusing on DR. So it works out perfect for the South Americans as long as a finders fee is paid to the higher ups who are really running DR.
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I think that we have the economic and political stability for a success in international investment
That's why we 're atracting more and more foreign capital!
Thanks God!
All good indicators that DR is moving on the right path. If things were truly so bad, why invest money in DR?
Over to you.
From: United States, key west fl
Don't tell this to Josean he will crazy and start saying that all that invesment is narco money.
Thank You bernies you are absolutely RIGHT!
The Largest Laundromat in the Caribbean thanks to the Narco-PLD!
@josie Ane
As always, you are speaking a lot of baba....
So, como diria tu papa" eso lo que es un baboso!"
If you have Dirty money the DR is the perfect destination because no one asks any questions. They just say, Bienvenido!
From: United States
I LOVE to hear stories like that.. meanwhile there are a couple people very negative about dominican future, so many others worlwide see a bright future for dominican Republic..
I think that we have the economic and political stability for a success in international investment
That's why we 're atracting more and more foreign capital!
Thanks God!
IDIOT HOW STUPID CAN U BE? ITS DRUG MONEY NOTHING ELSE.
FOR RIGHT NOW WHO IN THEIR RIGHT FRAME OF MINE WOULD INVEST INTO ONE TRASH CAN?
HEY! JUST A FEW MONTHS AGO THE BUSINESS MEN THE BRITS RAN FROM THE COUNTRY BECAUSE THEY WHERE SHANKING THEM DOWN. AND THEY ARE NOT THE ONLYS ONES WHO TRY AND THEN RUN FOR THEIR LIVES.
From: United States
I LOVE to hear stories like that.. meanwhile there are a couple people very negative about dominican future, so many others worlwide see a bright future for dominican Republic..
I CANT UNDERSTAND WHY ANYONE WOULD BE NEGATIVE
YES THE FUTURE IS VERY BRIGHT. JUST LOOK AT ALL THE MALLS AND THE PLAZAS AND HOTELS THAT HAVE OPEN IN SANTO DOMINGO AND THOUGH OUT THE COUNTRY. AND THOUGH THIS THE UNEMPLOYMENT HIGH NUMBERS IN THE DR HAVE DROPPED TO AN ALL TIME LOW. JOBS FOR EVERY ONE LOTS OF MONEY LIZ FOR ALL 24/7. EDUCATION FOR ALL THAT WANT IT WITH THE BEST TEACHERS IN THE WORLD IN THE CLASS ROOMS IN LA- LA LAND
CHOO CHOO CHOO- CHOO TRAIN.
Danilo was MADE by the Narco-Corrupt PLD and now the MADE Man belongs to Narco Corrupt PLD Mafia who OWNS him Lock Stock and Barrel.
He will do what Narco Lie-onel Fernandez and his Bag Man Felix Bautista tell him or ELSE!
So Dirty Money will roll in by the Metric Ton!
A bit misleading here....nothing has been built by them in Punta Cana. They had signs up for about 6 months and now everything is taken down...just an empty lot.
"A bit misleading here"
No ! Not in a Country where an Election is stolen before our Very Eyes!
"Miami was initially built with drug money, and it still going strong......................full speed ahead."
PLD NARCO-ideology at its best and the essence of their Economic "development" model!
Let me answer josie Anne:
-----Opposition leader (only Guido capone masarra with his car pack with military weapons ) were not allow inside of JCE ( agaisnt the law)
---Cedulas were bought by both parties ( a small number not the necesary hundred of thousands (5% of 6.5 millions that would make a difference)
---TV station were close because they were trasmiting fake results before JCE ( against the law)
---Newspaper executive kidnapped: Who? where?
____________________
EVERYTHING YOU SAID IS A LIE
accept your defeat like a gentleman...
Dominicans already made their choise.No excuses.
PRD lost. PLD won..
UE, JCE, International and national press, , international observers, USA and the rest of domican people say so.
Legally and cleanly. Period
Nothing else matter
What else don’t you understand?
If Narco- Danilo won this election, then George Bush also won fair and square in 2000 and it didn't have to be decided in Republican Dominate Supreme Court 5 to 4 in Bush v. Gore!
We can not deny there is narco money floating within the Dominican economy, however the vast majority of foreign investments are legit. It is clearly obvious that as a consequence of an unstable political climate in Venezuela the DR has become a beneficiary of capital flight.
Capital markets are averse to risk and become jittery at the onset of uncertainty and will quickly resort to the movement of money from one investment to another more viable one in search of safety, greater stability and/or increased returns.
"Venezuela the DR has become a beneficiary of capital flight."
"however the vast majority of foreign investments are legit."
How do you know that?
So DR is more Stable than the US?
Wall Street must be shaking in their wing tipped shoes!
Only if the money is not legitimate will it go to a place like DR versus the USA!
Given your erudite dissertation on the international flight of capital we should be Switzerland by Christmas!
Again, you said nothing but B.S.
Dominicans already made their choise.No excuses.
PRD lost. PLD won..Period
What else don’t you understand?
The PLD NARCO MAFIA will expand the Criminal Haven for the worst NARCOS to come and Launder their Money!
Again, you said nothing but B.S.
Dominicans already made their choise.No excuses.
PRD lost. PLD won..Period
What else don’t you understand?
Also DR dose not have to deal with any guerrilla issues like South America and the US doesn't spend time focusing on DR. So it works out perfect for the South Americans as long as a finders fee is paid to the higher ups who are really running DR.