Texas crude oil opens 0.20% higher, reaching $103 per barrel; Data-Crédito is acquired by the US multinational Equifax; fuel prices will remain unchanged; trust gains ground in the Dominican Republic for security and transparency; modern Monitoring Center with nearly 500 cameras will increase surveillance at AILA; the cruise ship “Norwegian Escape” set sail yesterday, Friday, bound for Miami; raw materials for the flour industry register increases of between 11% and 33%; Yeni Berenice: in the Jean Alain case, “a lot was stolen” and “a lot needs to be investigated”; Biden warned Xi that if China helps Russia, it will face the “consequences”; Putin leads a rally in Moscow; attacks continue inUkraine; Zelensky: It is time to restore Ukraine’s territorial integrity; Ukraine: Russian attacks reach Kyiv and the outskirts of Lviv; international organizations warn that the war in Ukraine will have “broad global economic consequences.”
Texas crude oil opens with a 0.20% increase, reaching $103 per barrel,
The price of West Texas Intermediate (WTI) crude oil began trading today with a slight increase of 0.2%, to $103.19 a barrel, after Russian President Vladimir Putin accused kyiv of trying to bog down negotiations to end the invasion of Ukraine.
Data-Crédito is acquired by the US multinational Equifax
The US-based multinational consumer credit reporting company Equifax has acquired Data-Crédito, a Dominican company with a long history in the local credit reporting sector, founded in 1998. The acquisition marks Equifax's entry into the Dominican Republic, where it employs more than 15,000 people in over 20 countries. It is one of 11 acquisitions the company has made in the past year.
Prices for all fuels will remain the same
For the week of the 19th to the 25th of this month, all fuels will maintain the same prices as the previous week, as announced this Friday by the Ministry of Industry, Commerce and MSMEs (MICM). Liquefied Petroleum Gas (LPG) will remain at RD$147.60. Premium gasoline will continue to cost RD$293.60; regular gasoline RD$274.50; premium diesel RD$241.10; and regular diesel RD$221.60.
Trusts gain ground in the Dominican Republic due to security and transparency
The trust structure is gaining ground in the Dominican financial system due to the transparency and security it offers, stated Fiduciaria La Nacional. The company explained that these attributes have made the trust structure an increasingly important tool in the country thanks to the trust it generates. As an example, it cited data from the Dominican Association of Trusts (ASOFIDOM) showing that as of December 2021, the accumulated assets of trusts exceeded 192 billion pesos. “This is why Fiduciaria La Nacional emphasizes the importance of the Dominican Public Securities Market for the national economy and believes it will continue to experience positive growth that responds to market needs, especially for publicly offered trusts,” the company indicated.
A modern monitoring center with nearly 500 cameras will allow for increased surveillance at AILA
Las Américas International Airport will have one of the most advanced Access Control Monitoring Centers for intruders in restricted areas and baggage inspection, with an advanced technology system, with nearly 500 high-resolution PTZ cameras that can cover a perimeter of one kilometer in real time.
The cruise ship “Norwegian Escape” set sail this Friday bound for Miami
The cruise ship “Norwegian Escape” departed from Taíno Bay port in Puerto Plata province bound for Norwegian's home port in Miami, Florida. This tourist vessel had run aground last Monday at the entrance to the bay in the northern province. Only crew members are currently on board, as the stranded passengers are being transported by air to Orlando, Florida.
Raw materials for the flour industry register increases of between 11 and 33%
The raw materials used by members of the Union of Medium and Small Flour Industries (Umphi) have experienced price increases of between 11 and 33% from June 2021 to March 2022. Given this situation, they view the measures announced by the Ministry of Industry, Commerce and SMEs (MICM) to subsidize wheat imports by 20%, in order to maintain current flour prices for the next 45 days, as positive.
Yeni Berenice: In the Jean Alain case, “a lot was stolen” and “a lot needs to be investigated”
"The thing is, if a lot was stolen, a lot of investigation is needed," said Deputy Attorney General Yeni Berenice Reynoso last Friday night, referring to the corruption network dismantled in Operation Medusa. The defense for the accused stated that the case is not airtight and complained about the Public Prosecutor's request for the court to grant them more time to present the charges, mainly against former Attorney General Jean Alain Rodríguez.
Biden warned Xi that if China helps Russia, it will face the "consequences."
US President Joe Biden warned of the "consequences if China provides material support to Russia as it carries out brutal attacks on Ukrainian cities and civilians" in a meeting with his Chinese counterpart, Xi Jinping, the White House reported Friday. Both expressed their desire to "keep the lines of communication open" during a videoconference that lasted nearly two hours and focused on the war in Ukraine, according to a statement released almost four hours after it ended. Biden also "detailed" the tough economic and financial sanctions imposed by the West on Russia, the White House insisted, without specifying what retaliation China if it assists Russia.
Putin leads rally in Moscow; attacks continue inUkraine
Russian President Vladimir Putin appeared Friday at a huge rally in a packed Moscow stadium, heaping praise on his troops fighting in Ukraine, three weeks after he launched an invasion that has led to larger-than-expected Russian losses on the battlefield and an increasingly authoritarian government at home.
Zelensky: It is time to restore Ukraine's territorial integrity
Ukrainian President Volodymyr Zelensky on Saturday called for the "restoration of the territorial integrity" of his country after 23 days of invasion by Russian troops, which he said were as many as those who demonstrated in Moscow on Friday for the eighth anniversary of the annexation of the Ukrainian peninsula of Crimea
Ukraine: Russian attacks reach Kyiv and the outskirts of Lviv
theirassault on several Ukrainian cities on Friday, with new missile attacks and bombings on the capital, Kyiv, and the outskirts of the western city of Lviv, while world leaders called for an investigation into the Kremlin's repeated attacks on civilian targets, including airstrikes on schools, hospitals and residential areas.
International organizations warn that the war in Ukraine will have "widespread global economic consequences.".
Major economic institutions, such as the International Monetary Fund (IMF), the European Bank for Reconstruction and Development (EBRD), and the World Bank, declared themselves "horrified and deeply concerned" on Friday about the Russian invasion of Ukraine and warned of the "widespread global economic consequences." In a statement, the signatory organizations, which also include the European Investment Bank (EIB), warned that in addition to the "devastating humanitarian catastrophe in Ukraine, the war is disrupting livelihoods in the region and beyond.".
Sources: Listín Diario, El Día, Hoy, Diario Libre, El Caribe.
