Abinader concludes the day with multimillion-dollar investments in Puerto Plata and Samaná; the government will invest more than 400 million in the Samaná boardwalk project; Exp Realty bets on the Dominican market; the government announces a call for bids for public telecommunications services in Ciudad Juan Bosch; Banreservas is awarded best bank for SMEs in the Caribbean region; Opret reports progress on the Alcarrizos Metro line; the government is confident it will stabilize the electricity service with cold reserve generation; remote classes did not meet expectations despite high public investment; Johnson suggests he is willing to break the law to protect British steel.
Abinader concludes the day with multimillion-dollar investments in Puerto Plata and Samaná
The President of the Republic, Luis Abinader, concluded his weekend activities yesterday, Sunday, in the provinces of Puerto Plata and Samaná, where he inaugurated works worth more than 1.2 billion pesos and initiated works exceeding one billion pesos in both places, according to the Presidency.
Exp Realty is betting on the Dominican market
With a strong residential property market in the tourism sector, easy international access, and attractive incentives for foreign investment, the Dominican Republic is the ideal market for the expansion of Exp Realty, the first global brokerage agency to transition from a physical office to a cloud-based model. This was stated by Exp Global President Michael Valdés, who announced the brand's establishment in the country under the eXp Dominican Republic brand, a fully digital real estate business model.
The Government will invest more than 400 million in the Samaná boardwalk project
President Luis Abinader and Minister of Tourism David Collado led the presentation of the Malecón Project, an initiative aimed at enhancing Samaná's tourism offerings. The project, which will cost RD$449,000,000, seeks to improve the stormwater drainage system along the Santa Barbara boardwalk by increasing the capacity of the conduits that connect the town's river and the Panchita ravine to the ocean, according to a press release. The government also announced a call for bids for a public tender for telecommunications services in Ciudad Juan Bosch
Government announces call for public tender for telecommunications services in Ciudad Juan Bosch
The Ministry of the Presidency (Minpre) and the Public Trust for the Construction of Low-Cost Housing in the Dominican Republic (Fideicomiso VBC RD), announced the call for expressions of interest to tender the telecommunications services in the Ciudad Juan Bosch housing project.
Banreservas is awarded best bank for SMEs in the Caribbean region
The international magazine Global Finance recognized Banco de Reservas of the Dominican Republic as the best bank for small and medium-sized enterprises in the Caribbean region.
Opret reports progress on the Alcarrizos Metro line
The Office for the Reorganization of Transportation (OPRET) reported yesterday on the progress of the Santo Domingo Metro Line 2C project towards Los Alcarrizos, which will allow for the incorporation of new work sites. They stated that at the Los Alcarrizos Terminal, progress has been made with the completion of the station's gantries, the earthworks and fill, and the start of individual access ramps outside the station.
The government is confident that it will stabilize the electricity service with cold reserve generation capacity
While electricity distribution companies (Edes) caused blackouts this weekend due to temporary failures in power generation plants, the Minister of Energy and Mines, Antonio Almonte, explained that the Government is working to resolve the electricity problem permanently and guarantee the stability of the service.
Remote classes failed to deliver, despite high public investment
The World Bank report “Two Years Later: Saving a Generation” assessed the effectiveness of distance education in the Dominican Republic during the COVID-19 pandemic and reveals that the use of distance education materials decreased over time. The proportion of primary school students who watched distance education television programs was 52% in November 2020, but fell to 25% by April 2021. Furthermore, it states that the time spent on such activity in April 2021 represented between 10% and 12% of the total program duration.
Johnson suggests he is prepared to break the law to protect British steel
British Prime Minister Boris Johnson suggested on Sunday that Britain might be prepared to break international law to safeguard its steel industry. Johnson stated that it is reasonable for the sector to enjoy "the same protections" as other steel-producing economies in the European Union, even if it means breaching trade obligations, as reported by The Telegraph.
Sources: Diario Libre, Hoy, El Día, Listín Diario.
