Dominican Republic business and economy directory

The DR is a lower middle-income developing country primarily dependent on natural resources and government services. Although the service sector has recently overtaken agriculture as the leading employer of Dominicans, agriculture remains the most important sector in terms of domestic consumption and is in second place in terms of export earnings. Tourism accounts for more than $1.3 billion in annual earnings. Free Trade Zone earnings and tourism are the fastest-growing export sectors.

Latest News

New fuel prices for this week in Dominican Republic - Santo Domingo.– The Industry and Commerce Ministry said the new price per gallon of premium gasoline is RD$199.80, or RD$3.10 more, whereas regular gasoline will cost RD$189.90, which means an increase of RD$3.20. Sat, 6 Sep 2008 15:41:00 GMT

Dominican shoes industry experiences increase - Wed, 3 Sep 2008 19:38:00 GMT

Dominican government approves exploration of Maple property - Quebec.– DIAGNOS Inc., a leader in the Wed, 3 Sep 2008 19:22:00 GMT

Oil falls on global demand fears, stronger dollar - New York.– Oil prices extended their losses Wednesday, a day after plunging nearly $6 a barrel, as oil market traders shifted their attention from tropical weather to a stronger dollar and falling demand for petroleum products.Light, sweet crude for October delivery fell $1.07 to $108.64 a barrel on the New York Mercantile Exchange, after earlier dipping as low as $107.32.On Tuesday, crude plummeted in a dramatic sell-off after it became clear that Hurricane Gustav had left the U.S. oil infrastructure without major damage. Prices settled at $109.71 a barrel, down $5.75 from the close of trading Friday, before the Labor Day weekend; U.S. floor trading was closed Monday.At one point Tuesday, crude fell as low as $105.46, its lowest level since April. Wed, 3 Sep 2008 14:30:00 GMT

US$460 million to be invested in Dominican electricity sector - Wed, 3 Sep 2008 14:27:00 GMT

Propane gas shortage still persists in Dominican Republic - Santo Domingo.- After small sings of stabilization, the supply of propane gas again caused long lines and inconveniences to vehicle owners and housekeepers yesterday in the afternoon. Several GLP stations in Santo Domingo were out of service on Sunday and didn’t Tue, 2 Sep 2008 13:18:00 GMT

Big business wants Dominican labor Law enforced, “after prudent term” - SANTO DOMINGO. - The National Business Council (CONEP) said Monday that industralists aren’t authorized to hire illegal Haitian manpower and asked compliance with the quota of foreign employees, “after granting prudent term to produce the required adjustments in the labor market.” Mon, 1 Sep 2008 19:35:00 GMT

Big business wants to raise Dominican workers’ wages quickly - SANTO DOMINGO. –National Business Council (CONEP) president Lisandro Macarrulla said Monday that management works to apply a wage increase for employees as soon as possible, because they deserve a corrected spending power. Mon, 1 Sep 2008 18:40:00 GMT

Bill would raise tax breaks for Dominicans who return from living abroad - SANTO DOMINGO.- Dominicans residing abroad for more than two years and who return to live in the country can bring tax-free personal and home items, professional and office equipment, and a vehicle for each head of household, according to a bill submitted by senator Heinz Vieluf. Mon, 1 Sep 2008 12:53:00 GMT

Dominican drivers, homemakers again face propane gas shortage - SANTO DOMINGO.- As of today Monday the country will face a new round of shortages of propane gas (GLP), which began Saturday in the stations in the National District, and there’s concern that hundreds of public passenger vehicles that use it as fuel won’t be able to provide service. Mon, 1 Sep 2008 12:13:00 GMT

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