Traffic to Samaná increases by 15% after the elimination of the "shadow toll," Industria San Miguel announces an RD$8 billion expansion over 5 years, vehicle loan portfolio reached RD$35.1 billion at the close of the first quarter, Enhogar-2021: 26.3% of women with university education are heads of household, AFP Reservas invests RD$19.812 billion, the El Soco solar park will add to energy generation, storage company inaugurates modern infrastructure, rifles, pistols and ammunition of various calibers are seized in Santo Domingo East, weapons are now the leading cause of death for children in the US, traffic to Samaná increases by 15% after the elimination of the "shadow toll," an economist advocates for international teleworking in the face of the "Great Resignation.".
Trafficto Samaná increases by 15%, after the elimination of the “shadow toll”
RD Vial stated that vehicle traffic on the Northeast Highway or Samaná Highway increased significantly by 15% after the Government assumed administration of the highway on December 23, 2021, in addition to the Atlantic Tourist Boulevard leading to Las Terrenas.
Industria San Miguel announces RD$8 billion expansion over 5 years
Industria San Miguel (ISM) will invest R$8 billion in expanding its production plant and distribution centers in the Dominican Republic, where it has operated since 2005 and created 2,200 direct jobs and 5,000 to 7,000 indirect jobs. The expansion of ISM's operations includes the future installation of several distribution centers in other provinces, including Pedernales, and the launch of new products such as Cola Malta, which has already been launched in Azua and will soon be available in Santo Domingo.
The vehicle loan portfolio reached RD$35.10million at the close of the first quarter
In the January-March period of this year, multiple banks increased their vehicle financing by 3.477 billion pesos, registering 35.1 billion pesos in the total portfolio at the end of the quarter, reported today the Association of Multiple Banks of the Dominican Republic (ABA).
Enhogar-2021: 26.3% of women with university education are heads of household
Under the understanding that the head of household is the person who provides the main economic support and is recognized as such by family members, the National Household Survey of Multiple Purposes (Enhogar-2021) found that 60.5% of heads of household are men and 39.5% are women. This survey reveals a significant finding: in households where the woman has a university education or higher, she is more likely to be the head of household than men.
AFP Reservas invests RD$19,812 million
The Pension Fund Administrator (AFP Reservas) has invested RD$19,812 million in the productive sectors of energy, tourism, real estate, agribusiness and SMEs, diversifying its portfolio extensively to achieve greater profitability and security of the investments of its members.
The El Soco solar park will contribute to energy generation
The El Soco solar park, estimated to have an annual production exceeding 130 gigawatts, will be inaugurated next week. This plant will bolster the country's energy supply, which has experienced several interruptions in recent weeks due to the shutdown of some generating plants for maintenance. To address this, the electricity sector authorities have added 410 megawatts of capacity to meet energy demand.
Storage company inaugurates modern infrastructure
With the goal of providing storage space to homes and businesses, especially those of an entrepreneurial nature, Mr. B Self Storage officially inaugurated a modern facility located on Lope de Vega Avenue in the National District. The infrastructure represents an investment of over US$8 million and has plans for expansion to other cities in the country.
Rifles, pistols, and ammunition of various calibers seized in Santo Domingo East
The Dominican Republic's General Directorate of Customs (DGA) dismantled a network of Dominicans involved in the illegal trafficking of firearms and ammunition. The alleged criminal organization was broken up by the agency in an operation carried out in coordination with the Public Prosecutor's Office, the National Police's Special Division for the Investigation of Transnational Crimes, the U.S. Homeland Security Investigations, and the Preventive Police.
Guns are now the leading cause of death for children in the US
Firearms have overtaken car accidents as the leading cause of death among American children, with official data showing a sharp increase in gun killings such as the Texas school massacre that claimed the lives of 19 children.
An economist advocates for international teleworking as an alternative to the "Great Resignation"
Faced with the "Great Exit"—the phenomenon of millions leaving their jobs since the pandemic—working in another country could become the norm, according to the chief economist at the US employment firm ADP. "Post-pandemic migration is not going to be the same as before, from a mobility standpoint," Nela Richardson told AFP in an interview during the Davos Forum. "The technology that has allowed us to work remotely could help with mobility in the international labor market," she said.
Sources: Hoy, Diario Libre, El Día, Listín Diario.
