The Board of Directors of the Real Estate Registry holds its first session of the year; the Central Bank predicts the Dominican economy will grow up to 6% this year; 1,000 users have validated their data in the dissolution of Bancamérica; the project to modify the Hydrocarbons Law is ready; incomes that will pay taxes in 2022; the government mitigates inflation to minimize its impact on the population; construction begins on Metro Line 2C, which will cost US$506 million; police salaries will increase by 40%; findings reported in the first report on the National Police's education system; Jean Alain Rodríguez wants an apology; Dominican ports will have a system to monitor ship cargo in real time; US$12 trillion to global GDP if poor women worldwide received access to education; what illnesses employees in the Dominican Republic get.

First session of the real estate registry 2022

The Board of Directors of the Real Estate Registry held its ordinary session, where the accountability report for the year 2021 was presented, along with the progress of the Annual Operating Plan and the Annual Procurement and Contracting Plan, as well as the next phase of the project to implement the performance-based incentive model in the operational areas of the Real Estate Registry, among other topics of interest.    

The Board of Directors of the Real Estate Registry is chaired by Magistrate Luis Henry Molina Peña, President of the Council of the Judiciary, and composed of Councilor Modesto Antonio Martínez Mejía, member of the Council of the Judiciary; Ricardo Noboa, National Director of Title Registration; Ridomil Rojas, National Director of Cadastral Surveys, and Jhonattan Toribio, General Administrator of the Real Estate Registry. 

Central Bank predicts Dominican economy will grow up to 6% in 2022

An analytical document prepared by Central Bank technicians acknowledges that the slowdown in inflation in the country has occurred at a slower pace than anticipated. However, it projects that the momentum shown by domestic demand, the recovery of tourism, high flows of foreign direct investment, and the revitalization of public investment will contribute to the Dominican economy growing by up to 6.0% in 2022. 

Despite the challenges stemming from a complex international environment, the Dominican economy will continue to demonstrate its resilience, with GDP growth projected between 5.5% and 6.0% for 2022, slightly above its potential,” the experts indicate.

One thousand users have validated their data (Banamérica dissolution)

After starting the validation of customer data from Banco Múltiple de Las Américas (Bancamérica) last Monday following its dissolution, 1,000 users have legalized the status of their banking products.

Customers have expressed concern regarding the return of their assets, believing that the dissolution of the bank does not guarantee the return of their savings. “The customer validation process for Bancamérica began on Monday and concluded with 1,000 people validated, who participated in both digital and in-person interactions.

Project to modify Hydrocarbon Law is ready

The Legal Advisor to the Executive Branch, Antoliano Peralta, reported that the project that would modify the Hydrocarbons Law, 112-00, is already in his hands, and that it is expected to reduce fuel prices, as announced last year by President Luis Abinader.

He said that a group of lawyers, experts in the field, are reviewing it and will then present it to him with notes and observations

Incomethat will be taxed in 2022

According to the recent resolution DDG-AR1-2022-00002 of the General Directorate of Internal Taxes (DGII) on tax exemption of individuals and adjustments to the Simplified Tax Regime (RST), fiscal year 2022, individuals with an annual income of up to RD$416,220 are exempt from taxes.

But taxpayers with incomes between RD$416,220.01 and RD$624,329.00 will have to pay 15% of the amount exceeding RD$416,220.01; those with incomes from RD$624,329.01 to RD$867,123 will have to pay RD$31,216 plus 20% of the amount exceeding RD$624,329.01.

The government is mitigating inflation to minimize its impact on the population

The Minister of Economy, Planning and Development, Miguel Ceara Hatton, stated that the Government is mitigating the impact of inflation to prevent it from being passed on to the population as little as possible.

“The Government has been mitigating it by subsidizing or preventing the increase in fuel prices, which last year amounted to around 14 billion pesos,” Ceara Hatton stated, interviewed on the program Uno+Uno, which is broadcast on Teleantillas, channel 2.

Construction of Metro Line 2C will cost US$506 million and will have five stations

The President of the Republic, Luis Abinader, led the construction of Line 2C of the Santo Domingo Metro this Tuesday afternoon, which runs from kilometer 9 of the Duarte highway to Los Alcarrizos. 

The project, which will extend 7.3 kilometers, is projected to be delivered in 24 months, with an approximate investment of US$506 million.

40% raise for police officers

The Minister of the Interior and Police, Jesús Vásquez Martínez, announced this Tuesday that the National Police will receive a 40% salary increase during this year 2022.

He clarified that these items will be effective at 20% in the first quarter of this year (from January to March) and the second increase will happen in the third quarter (from July to September).

Findings reported in the first report on the National Police educational system

The police academies have many shortcomings. An inspection of Roberto Santana Sánchez, advisor to the Executive Branch on Citizen Security Policies and the Penitentiary System, reveals an inequality in the facilities available to each campus and a geographical dispersion that hinders institutional management, consistent quality of instruction, administrative processes, and logistical support.

Santana Sánchez was instructed by the President of the Republic, Luis Abinader, to begin the process of restructuring the National Police's educational system and to develop proposals for the transformation and professionalization of the agency. After 78 days on the job, the expert in Citizen Security described how the police's educational facilities operate.   

Jean Alain Rodríguez wants to be erased from the map

The Superior Administrative Court (TSA) heard this Tuesday an appeal filed by the former Attorney General of the Republic, Jean Alain Rodríguez, through which he seeks to have his name removed from the Operation Medusa file and from all news disseminated in the media about him.

The former official, accused of creating a corruption network within the Attorney General's Office (PGR), has also asked Deputy Attorneys General Yeni Berenice and Wilson Camacho, who are leading the investigation into the case, to offer him a public apology.

Dominican ports will have a system to monitor ships' cargo in real time

The executive director of the Dominican Port Authority, Jean Luis Rodríguez, announced this Tuesday that in the coming months the country will be introduced to the first port operations management software that will allow real-time monitoring of the cargo of ships arriving at Dominican ports.

The system is being designed by the Technological Institute of the Americas (ITLA), Rodríguez indicated at an event where he showcased the progress and future plans for the port sector.

$12 trillion to global GDP if poor women around the world received access to education

A report by the McKinsey Global Institute indicated that US$12 trillion could be added to global GDP by 2025 if low-income women around the world received access to essential digital skills education.

This alarming gap was the basis for the Women's Entrepreneurship Accelerator's (WEA) most recent partnership with the International Telecommunication Union (ITU), the United Nations specialized agency for information and communication technologies. 

What illnesses do employees get in the Dominican Republic?

Since 2020, COVID-19 has significantly increased the number of illnesses among the formal workforce caused by risks considered to be of biological origin. If this category is excluded, formal employees are more likely to become ill from functional disturbances caused by noise, pressure, high or low temperatures, radiation, vibrations, repetitive strain, and other physical hazards.

From 2008 to February 2022, the Dominican Institute for Prevention and Protection of Occupational Risks (Idoppril) has classified 11,881 occupational diseases in the investigation process of each report, with 82.9% being caused by risks considered to be of biological origin, including COVID-19.

Sources: Listín Diario, El Día, Diario Libre, Hoy, Web Jurisdicción Inmobiliaria.