Government to build 3,200 homes in the Happy Family project in Ciudad Yaque, Santiago; Frank Rainieri: we must create Hispanic-American multinationals; Government delivers 1,176 land titles in Hato del Yaque, Santiago; Samaná tourism cluster and business strengthen relations with the public sector; Abinader inaugurates several projects in Santiago; Abinader will travel to California tomorrow to participate in the Summit of the Americas; local and foreign film productions boost hotel occupancy in the Dominican Republic; David Collado will promote tourism in Santiago; reducing the money supply is key to controlling inflation in the country; Banco de Reservas is recognized for its financial sustainability.
Government to build 3,200 homes in the Happy Family project in Ciudad Yaque, Santiago
The government has allocated funds for the construction of 3,200 housing units under the National Happy Family Housing Plan (PNVFF) in Ciudad Yaque, Santiago. The project will be carried out through a public-private partnership, with the government providing the general infrastructure and developers handling the internal construction. According to the deputy minister, the homes will be delivered by the end of 2023.
Frank Rainieri: We must create Hispanic American multinationals
The Dominican Republic has the workforce and space necessary to foster the growth of multinational companies to continue raising the Dominican product and economic income, said Frank Rainieri, founder of Grupo Puntacana.
Government delivers 1,176 land titles in Hato del Yaque, Santiago
In Hato del Yaque, Santiago, the government delivered 1,176 land titles to an equal number of farmers in two settlements of the Dominican Agrarian Institute (IAD). The ceremony was led by President Luis Abinader, who congratulated the recipients and urged them to take care of these documents, which from this day forward open new opportunities for them.
Samaná Tourism Cluster and Businesses Strengthen Relations with the Public Sector
The Association of Hotels and Companies of Samaná (Ahetsa) and the Samaná Tourism Cluster (CTS) met with provincial authorities to follow up on projects of the Samaná Comprehensive Tourism Development Plan.
Abinader inaugurates several projects in Santiago
President Luis Abinader inaugurated several projects in Santiago, fulfilling his scheduled work agenda for the province. Among these is the construction of a wastewater collector in the area near Avenida 30 Caballeros and Calle Sergio Hernández in the Cienfuegos community, a project valued at RD$365 million.
Abinader will travel to California tomorrow, Tuesday, to participate in the Summit of the Americas.
President Luis Abinader confirmed last night that he will travel to Los Angeles, California, tomorrow to participate in the IX Summit of the Americas, which brings together the heads of state of the continent. Abinader will depart the country on a regular flight from Las Américas International Airport and will return next Saturday.
Local and foreign film productions contribute to hotel occupancy in the Dominican Republic
At least 54 national and foreign film productions filmed in the Dominican Republic since 2020 boosted local hotel occupancy with the booking of more than 8,362 rooms.
David Collado will promote tourism in Santiago
At the opening of the 25th edition of Expoturismo, Tourism Minister David Collado pledged to make Santiago de los Caballeros the leading tourist destination in the northern region of the country. Collado, who attended the opening with his team from the Ministry of Tourism (MITUR) and the Tourism Cabinet, received recognition from Expoturismo and the Santiago Tourist Destination Cluster for his effective leadership of the Ministry of Tourism.
Reducing the money supply is a way to control inflation in the country
Central banks worldwide have been implementing measures to counteract inflation by increasing the money supply through higher policy interest rates. The Central Bank of the Dominican Republic has raised its policy interest rate by 350 basis points, from 3.00% in November 2021 to 6.50% currently. This measure takes into account external shocks and the economy's growth of 12.3% in 2021 and 5.8% during the first four months of 2022.
Banco de Reservas is recognized for its financial sustainability
The international magazine Global Finance awarded Banco de Reservas two recognitions for its outstanding leadership in designing initiatives and financial products that contribute to mitigating the negative effects of climate change. Banreservas received the awards in the categories of “Outstanding Leadership in Latin America for Sustainable Development Lending” and “Leadership in Financial Sustainability in the Dominican Republic.”.
Sources: Diario Libre, El Día, Hoy, Listín Diario
