Oil prices continue to fall, settling at US$105.92; 108 depositors in entities undergoing liquidation and dissolution have received 24 million pesos; the Minister of Tourism affirms Barahona's takeoff is near; Qatari businesswomen are interested in investing in the Dominican Republic; the Ministry of Finance meets with the IMF to draft a proposed Fiscal Responsibility Law; renewable energy aims to counteract fuel prices in the Dominican Republic; US inflation soars to 7.9% in February; the Dominican Republic and Ecuador seek to facilitate the expansion of air services; the Central Bank launches Economic and Financial Week on the 21st; tanks are nearing kyiv; Putin says Russia can overcome the consequences of sanctions; the UN says it has no evidence of biological weapons in Ukraine; Russia prohibits the export of certain foreign products and equipment; a heartbreaking farewell: The drama of Ukrainian children and their mothers' grief over the tragedy.
Oil prices continue to fall, currently at US$105.92
The price of WTI crude oil continued its downward trend at the close of trading on Thursday, settling at US$105.92, a decrease of 2.56%. West Texas Intermediate (WTI) crude prices on Monday stood at US$125.69, figures driven by the tensions and uncertainties generated in international markets by the conflict between Russia and Ukraine.
108 savers from entities that are in the process of liquidation and dissolution have received 24 million pesos
In July 2021, the Superintendency of Banks (SB) launched the "Money Seeks Owner" campaign to identify individuals with accounts or certificates in institutions undergoing liquidation or dissolution and return their savings. As of February 14 of this year, approximately seven months after the first phase of the plan was completed, RD$24 million had been paid to 108 depositors.
Tourism Minister affirms Barahona's takeoffisnear
Tourism Minister David Collado stated that he is doing everything possible to strengthen tourism in Barahona and that the province's takeoff is just around the corner.
Qatari businesswomen are interested in investing in the Dominican Republic
The Vice President of the Dominican Republic, Raquel Peña, stated yesterday that Qatari businesswomen are interested in investing in free trade zones, the real estate sector, and exporting goods from the Dominican Republic.
The Treasury meets with the IMF to design a proposed Fiscal Responsibility Law
Technical staff from the International Monetary Fund (IMF) are meeting with the Ministry of Finance to work on a proposed Fiscal Responsibility Law that would allow for more efficient control of public spending and revenue. The IMF's technical assistance, at the request of Finance Minister Jochi Vicente, aimed to strategically evaluate the systems and institutions of public financial management in order to propose a Fiscal Responsibility Law for the Dominican Republic with a medium- and long-term perspective.
The only way for the Dominican Republic to counteract fuel prices is through renewable energy, says minister
The Minister of Energy and Mines, Antonio Almonte, stated that the only way for the Dominican Republic to counteract the fuel crisis in the international market is by stimulating and promoting the production of renewable energies.
US inflation soars to 7.9% in February
The year-on-year inflation in the United States surged to 7.9% in February - four tenths of a point higher than in January - with a huge rise in energy prices driven by Russia's invasion of Ukraine.
Dominican Republic and Ecuador seek to facilitate expansion of air services
The presidents of the Dominican Republic and Ecuador, Luis Abinader and Guillermo Lasso, respectively, presided over the signing of an air cooperation agreement on Thursday aimed at improving trade and economic growth between the two countries. The agreement was signed by the foreign ministers Roberto Álvarez of the Dominican Republic and Roberto Holguín of Ecuador, during a visit by regional dignitaries to Chile for the inauguration of President-elect Gabriel Boric Font.
BC begins Economic and Financial Week on the 21st
The Central Bank of the Dominican Republic (BCRD) will celebrate Economic and Financial Week 2022 (#sefBCRD) from Monday, March 21st to Friday, March 25th. The event, running from 9:00 a.m. to 5:00 p.m., will offer virtual talks, educational games, and conferences, among other activities, aimed at the economic and financial education and training of students, teachers, and the general public.
The tanks are already near kyiv
Russian forces continued shelling the port of Mariupol on Thursday, while satellite photographs showed a massive Kremlin military column that had been stationary outside the Ukrainian capital dispersing into villages and forests near Kyiv, with cannons poised to attack.
Putin says Russia can overcome the consequences of the sanctions
Russian President Vladimir Putin said yesterday, Thursday, that Moscow will be able to overcome the consequences of the sanctions, warned that it can manage the assets of foreign companies leaving the country, and that it is fulfilling its obligations to supply energy resources to Europe and other parts of the world.
UN says it has no evidence of biological weapons in Ukraine
The UN stated that it has no evidence of illegal chemical and biological weapons programs in Ukraine, as alleged by the Russian government. When asked about this, spokesman Stéphane Dujarric told reporters that the organization has no information to confirm these Russian accusations.
Russia prohibits the export of certain foreign products and equipment
Russia on Thursday banned the export of certain foreign goods and equipment in response to economic sanctions imposed by Western countries over the conflict in Ukraine. This measure applies to goods and equipment previously imported into Russia from abroad. The government indicated that the ban affects certain technologies related to telecommunications, medicine, agricultural machinery, and electrical equipment.
A sad goodbye: The drama of Ukrainian children and their mothers' grief over the tragedy
Ukrainian children have become the main victims of Russia's invasion, with a million minors having already escaped the country, leaving their mothers in a vulnerable situation where they have to learn to cope with the trauma amid the tragedy so as not to pass on their fear to the little ones.
Sources: El Día,Hoy, Listín Diario, El Caribe, Diario Libre
