http://www.dominicantoday.com The first online newspaper in english language of the Dominican Republic. en-us Copyright 2008 DominicanToday.com Merit Designs ICM 60 News http://www.dominicantoday.com/rss/rss.gif http://www.dominicantoday.com The first online newspaper in english language of the Dominican Republic. http://www.dominicantoday.com/dr/economy/2007/12/7/26319/OPEC-approves-US30M-loan-for-the-Dominican-Republic Santo Domingo.- Industry and Commerce minister Melanio Paredes said the meeting governors of the OPEC Fund for International Development approved a soft financing of US$30 million for the Dominican Republic, for the reconstruction of highways. Economy Fri, 7 Dec 2007 12:03:00 GMT http://www.dominicantoday.com/dr/economy/2007/12/7/26319/OPEC-approves-US30M-loan-for-the-Dominican-Republic http://www.dominicantoday.com/dr/economy/2007/12/10/26354/Trucks-buses-to-get-10M-gallons-of-subsidized-diesel-starting-today SANTO DOMINGO.- Truckers and passenger vehicle drives will begin to receive the one million gallons of diesel with a 32 peso Government-subsidy today, after Industry and Commerce minister Melanio Paredes signed the regulation to apply the agreement. Economy Mon, 10 Dec 2007 17:58:00 GMT http://www.dominicantoday.com/dr/economy/2007/12/10/26354/Trucks-buses-to-get-10M-gallons-of-subsidized-diesel-starting-today http://www.dominicantoday.com/dr/economy/2007/12/10/26349/22M-Dominicans-have-Internet-access-56-have-cellphones-CNSIC-says Santo Domingo.- A total of 2.2 million Dominicans, or 23.8 percent of the population, have access to Internet, said of the National Commission for the Society of Information and Knowledge (CNSIC) president Jose Rafael Vargas on Friday. Economy Mon, 10 Dec 2007 14:08:00 GMT http://www.dominicantoday.com/dr/economy/2007/12/10/26349/22M-Dominicans-have-Internet-access-56-have-cellphones-CNSIC-says http://www.dominicantoday.com/dr/economy/2007/12/9/26338/Opposition-candidate-blames-president-for-FTZ-losses Santiago de los Caballeros.- Presidential candidate for the main opposition PRD party, Miguel Vargas Maldonado, stated that “the loss of over 70,000 direct jobs in the Free Trade Zones is the result of inertia and lack of sensitivity on the part of president Leonel Fernández, who has said that he does not believe in that business model”.Vargas, who was on a campaigning trip to the country's second-largest city, said that Fernández “did nothing to prevent the FTZ companies from being hit by internal and external factors”. He went on to say that when he becomes president he plans to launch “a strategy geared at strengthening the most competitive elements and providing the support needed for these industrial parks to diversify and become export platforms for goods and services in which we can be successful”. Economy Sun, 9 Dec 2007 12:11:00 GMT http://www.dominicantoday.com/dr/economy/2007/12/9/26338/Opposition-candidate-blames-president-for-FTZ-losses http://www.dominicantoday.com/dr/economy/2009/11/21/33942/Shell-subsidiary-in-Dominican-Republic-sells-137-gas-stations Santo Domingo.– A Dominican subsidiary of Royal Economy Sat, 21 Nov 2009 12:14:00 GMT http://www.dominicantoday.com/dr/economy/2009/11/21/33942/Shell-subsidiary-in-Dominican-Republic-sells-137-gas-stations http://www.dominicantoday.com/dr/economy/2009/11/18/33908/Dominican-Exporters-rail-Chinas-fraudulent-policy Santo Domingo.- The president of the Dominican Exporters Association (Adoexpo) demanded the repeal of the 1% tax on the value of assets, to promote investment, and affirmed that his sector is a victim of China’s policies. Economy Wed, 18 Nov 2009 15:49:00 GMT http://www.dominicantoday.com/dr/economy/2009/11/18/33908/Dominican-Exporters-rail-Chinas-fraudulent-policy http://www.dominicantoday.com/dr/economy/2009/11/18/33902/Energy-czar-pledges-a-brighter-Christmas SANTO DOMINGO.- Despite the fact that 60% of its energy is generated with fuel oil and diesel which makes Dominican Republic’s power park obsolete, or that a small percent of the power is hydroelectric, Dominicans can expect a bright Christmas. Economy Wed, 18 Nov 2009 12:41:00 GMT http://www.dominicantoday.com/dr/economy/2009/11/18/33902/Energy-czar-pledges-a-brighter-Christmas http://www.dominicantoday.com/dr/economy/2009/11/17/33900/World-Bank-loans-Dominican-Republic-US300M-for-social-sectors-public WASHINGTON. - The World Bank on Tuesday approved two loans totaling US$300 million to support reforms aimed at improving the results in social sectors, as well as the quality and efficiency of public spending. Economy Tue, 17 Nov 2009 21:10:00 GMT http://www.dominicantoday.com/dr/economy/2009/11/17/33900/World-Bank-loans-Dominican-Republic-US300M-for-social-sectors-public http://www.dominicantoday.com/dr/economy/2009/11/17/33891/Dominican-auto-dealers-list-reasons-for-shameful-sales-figures Santo Domingo.- The 17% of the vehicle’s value which the Government charges to issue the first license plate and the ban to import those older than five years are the main challenges for the country’s car dealers. Economy Tue, 17 Nov 2009 12:43:00 GMT http://www.dominicantoday.com/dr/economy/2009/11/17/33891/Dominican-auto-dealers-list-reasons-for-shameful-sales-figures http://www.dominicantoday.com/dr/economy/2009/11/17/33889/Dominican-Government-sets-2010-Budget-at-US99B Santo Domingo.- Senior Government officials met for three hours in the National Palace yesterday and agreed on the bill which would lead to the 2010 Budget of RD$378.9 billion (US$9.9 billion), RD$50 billion more than this year. Economy Tue, 17 Nov 2009 11:52:00 GMT http://www.dominicantoday.com/dr/economy/2009/11/17/33889/Dominican-Government-sets-2010-Budget-at-US99B http://www.dominicantoday.com/dr/economy/2009/11/20/33939/Gasoline-prices-unchaged-propane-diesel-post-jumps Santo Domingo.- The Industry and Commerce Ministry froze most fuel prices for the second straight week from Saturday, November 21 to Friday, the 27th, when a gallon of premium gasoline will still cost RD$160.80, and RD$150.60 for regular. Economy Fri, 20 Nov 2009 18:00:00 GMT http://www.dominicantoday.com/dr/economy/2009/11/20/33939/Gasoline-prices-unchaged-propane-diesel-post-jumps http://www.dominicantoday.com/dr/economy/2009/11/20/33934/Austrian-bank-has-100M-eurosfor-renewable-energy-in-Dominican-Republic Santo Domingo.- Austria’s Development Bank has 100 million euros available for the Dominican Government or businesses interested in investing in renewable energy, whose only requirement is to present a well structured business plan. Economy Fri, 20 Nov 2009 13:57:00 GMT http://www.dominicantoday.com/dr/economy/2009/11/20/33934/Austrian-bank-has-100M-eurosfor-renewable-energy-in-Dominican-Republic http://www.dominicantoday.com/dr/economy/2009/11/19/33928/Dominican-power-companies-to-get-first-US100M-of-debt-today Santo Domingo.- The Dominican Electrical Industry Association’s (ADIE) Council of Directors met Wednesday with State-owned Power Companies (CDEEE) executive vice president Celso Marranzini, to deal with the topic of the Dominican energy sector’s current and future situation. Economy Thu, 19 Nov 2009 20:04:00 GMT http://www.dominicantoday.com/dr/economy/2009/11/19/33928/Dominican-power-companies-to-get-first-US100M-of-debt-today http://www.dominicantoday.com/dr/economy/2009/11/19/33924/After-refinery-stake-Shell-also-sells-Dominican-Republic-stations SANTO DOMINGO. - The Shell Company WI Ltd agreed to sell its commercial and industrial service stations, its distribution and marketing of lubricants in the Dominican Republic to the group Sol, though the negotiations don’t include Lubridom. Economy Thu, 19 Nov 2009 18:15:00 GMT http://www.dominicantoday.com/dr/economy/2009/11/19/33924/After-refinery-stake-Shell-also-sells-Dominican-Republic-stations http://www.dominicantoday.com/dr/economy/2009/11/19/33920/Dominican-Republic-abuzz-with-talk-of-gold SANTO DOMINGO.- Dominican Republic is abuzz with talk of gold as opponents criticize the mining contract with the company Barrick Gold, while the GoldQuest Mining Corp announced on Wednesday that it has closed the transaction with Gold Fields Dominican Republic. Economy Thu, 19 Nov 2009 13:26:00 GMT http://www.dominicantoday.com/dr/economy/2009/11/19/33920/Dominican-Republic-abuzz-with-talk-of-gold http://www.dominicantoday.com/dr/economy/2009/11/19/33918/Opposition-party-leader-gets-the-Governments-Development-Plant Santo Domingo.- Opposition PRD party president Miguel Vargas on Wednesday received from Economy minister Temístocles Montas, the National Development Proposal 2010-2030, which contains a series of initiatives and measures to be applied in the short and medium terms. Economy Thu, 19 Nov 2009 12:26:00 GMT http://www.dominicantoday.com/dr/economy/2009/11/19/33918/Opposition-party-leader-gets-the-Governments-Development-Plant http://www.dominicantoday.com/dr/economy/2009/11/19/33916/Central-America-competes-unfairly-with-Dominican-products-Customs-chief SANTO DOMINGO. - Customs director Rafael Camilo said Wednesday that some of the points in the U.S., Central America, Dominican Republic Free Trade Agreement (Dr-Cafta) were not well defined and is in favor of revising the pact. Economy Thu, 19 Nov 2009 11:40:00 GMT http://www.dominicantoday.com/dr/economy/2009/11/19/33916/Central-America-competes-unfairly-with-Dominican-products-Customs-chief http://www.dominicantoday.com/dr/economy/2009/11/18/33909/Customs-chief-discards-opposition-party-leaders-criticism-on-the-economy Santo Domingo.- Customs director Rafael Camilo on Tuesday discarded opposition PRD party president Miguel Vargas Maldonado’s criticism on the handling of the economy, and on the contrary, the international organisms have hailed the Government’s performance in maintaining macroeconomic stability. Economy Wed, 18 Nov 2009 16:57:00 GMT http://www.dominicantoday.com/dr/economy/2009/11/18/33909/Customs-chief-discards-opposition-party-leaders-criticism-on-the-economy