Image via CrunchBase
Microsoft Dominicana will invest an estimated US$4 million in small and medium sized Dominican businesses (pymes) between June 2009 and June 2010. The funds are being used to provide the small companies with IT solutions. Microsoft’s general manager in the DR, Juan Lora, says the funds should generate a positive impact beyond the…
Image via Wikipedia
To buy back the power distribution company, Ede-Este, the Fernandez administration took on US$180.7 million in debt – US$157 to generators and US$23.7 million to suppliers. The deal also involved a US$26.5 million disbursement to Trust Capital of the West (TCW) for their 50% private participation in the power distribution company that handled a third…
Image via Wikipedia
President Leonel Fernandez cut the symbolic ribbon inaugurating a new natural gas plant at the Caucedo Energy Park yesterday. The plant was built by the SNG company (Soluciones Gas Natural SA), part of the Lama Business Group at a cost of RD$500 million. It is considered one of the…
On Friday, 19 June Judge Sara Henriquez Marin, president of the Dispute and Administrative Court ordered a temporary halt on work on the cement plant being constructed by the Dominican Mining Consortium on the outskirts of the Los Haitises National Park. The Ministry of Environment issued environmental license DEA 0157-09 dated 14 April authorizing the construction.
Environment Minister Jaime David Fernandez has explained that President Leonel Fernandez himself had authorized the construction at…
UNITED NATIONS – / MaximsNews Network / 17 May 2009 - The Public-Private Alliance Foundation (PPAF) held its Third Annual "Partners Against Poverty" event at the UN with 45 high-level participants and observers representing five countries (Brazil, Dominican Republic, USA, Honduras and Haiti) to discuss business innovations in the development and production of bio-fuels, especially in the Dominican Republic.
“Green energy in the Dominican Republic has great potential in economic, environmental and social terms,” said Dr. David Stillman,…
The Dominican Postal Institute (INPOSDOM) and the Center for Export and Investment (CEI-RD) announced the start of a mechanism that will facilitate shipments abroad made by micro, small and medium-size businesses. ExportaFacil is the name of the new export tool. Eddy Martinez, of CEI-RD, explained that the system basically cuts red tape. To use the service, all that is needed is the merchandise, a client abroad, a filled-out form, and presenting the product at…
Speaking at the First National Forum for Competitiveness and National Production, the director of the National Competitiveness Council Andres Van der Horst Alvarez proposed a campaign to encourage Dominicans to consume locally-made products. He said this proposal is part of the essence of a Country Branding strategy, “which is based on pride and love for what is ours,” he said. He said that local products needed to be of sufficient quality to attract the…
The developers behind a high-profile Caribbean real estate project have given a series of investment tips for those looking to buy property in the country.
The Dominican Republic is enjoying a growing reputation as a luxury real estate hub, where prices can often be less than more well-known markets like Barbados.
North Island Development, which is behind the Palmera de Cabarete Resort and Spa scheme in Cabarete, issued tax and…
By: Darren Law
President and Chief Executive Officer of U.S-based NID Holdings, LLC
What are the restrictions on purchasing Dominican Republic real estate by foreign investors?
No restrictions are placed on foreigners investing in Dominican Republic real estate. In fact, the government welcomes it, recognizing that it positively contributes to the local economy. Additionally, there are no restrictions on purchasing ocean front real estate as there are in many other countries…
SANTO DOMINGO.- A Canadian mining company is interested in building two boutique-type hotels with golf courses at a cost of US$850 million in Pedernales, said Tourism minister Francisco Javier Garcia yesterday, but didn’t reveal its name.
Thursday, September 3, 2009
0 Comments