Investors in Pedernales will take advantage of the Border Development Law, says Abinader; Abinader says Dominican Republic's growth is sustained by private investment; the Dominican Republic wins the Globus Award for "Best Tourist Office in Germany"; multiple banks employ 78% of the staff of financial intermediation entities; first steps are taken to reform the Police; security measures are imposed for tourist boat excursions; the National District mayor's office and the Government invest 600 million pesos in sidewalks and curbs; who were formally charged with corruption in the Coral case?; exporters begin the shift to electronic; investment in road works would exceed RD$10 billion.
Investors in Pedernales will take advantage of the Border Development Law, says Abinader
President Luis Abinader swore in the members of the Coordinating Council for the Special Border Development Zone (CCZEDF) at a hotel in the capital, presiding over its first working session as a demonstration of his commitment to border development. He promised that the government will finance projects aimed at border communities and that he will be the leading advocate for Law 12-21 on border development, which replaces Law 28-01. He added that in every meeting with investors, he encourages them to establish operations in the border region.
Abinader says Dominican Republic's growth is sustained by private investment
President Luis Abinader stated that the Dominican Republic's economic growth is sustained by private sector investment in various sectors. "Unlike most Latin American countries, our growth is driven not by consumption, but by private investment. That's why we are open to private investment, because our goal is job creation, and that's why we have recovered most of the jobs we had before the pandemic," the president said.
RD wins Globus Award for “Best Tourist Office in Germany”
The Dominican Republic was recognized at the Globus Awards as the “Best Tourist Office in Germany,” the Ministry of Tourism announced. Quisqueya was awarded the prize among 158 foreign tourist offices in that European nation for the period 2021-2022. The selection for this award was based on the work carried out by each country to maintain active interest in this source market.
Multiple banks employ 78% of the staff of financial intermediation entities
The Dominican Republic's Multiple Banking Association (ABA) reported that, as of December 2021, banking jobs totaled 32,860, a figure that includes a recovery of 821 positions, equivalent to 72.5% of the 1,132 that were reduced as a result of the pandemic, and that reflects the effort to protect and maintain the level of personnel in these entities.
They are taking the first steps to reform the police
The Government announced yesterday that it will "bring forward" the implementation of several measures included in the police reform plan, to guarantee the physical integrity and human rights of those arrested by the Police.
Safety measures imposed for tourist boat excursions
Two decades ago, the journey to Saona Island was made in small, unsafe wooden boats. The growth of tourism and tourist demand led to the emergence of an industry that, in addition to creating jobs, has required greater safety for visitors. Hence the shift from rustic to more modern and secure transportation. This is why tour operators and agents, both within and outside the country, offer packages to visitors that include excursions to the beautiful beaches of the eastern region in boats that allow for greater enjoyment of the scenery and nature throughout the Bávaro, Punta Cana, Juan Dolio, Guayacanes, and Miches area.
The DN Mayor's Office and the Government invest 600 million pesos in sidewalks and curbs
The mayor of the National District, Carolina Mejía, announced yesterday that the city and the government, through the Ministry of Public Works, are investing nearly 600 million pesos in the reconstruction of sidewalks and curbs. This is part of a national program launched by the government last year, with a total cost exceeding 72 billion pesos, which in the capital city includes work on streets and avenues in all three districts.
Who were formally charged with corruption in the Coral case?
The Public Prosecutor's investigation, launched in 2020, into the alleged military, religious, and police corruption network used to embezzle public funds from security forces has concluded with 31 people charged. Diario Libre obtained the complete list of companies and defendants who, according to the Public Prosecutor's Office, allegedly embezzled more than 4 billion pesos from the Presidential Security Corps (CUSEP) and the Specialized Tourist Security Corps (CESTUR) through various fraudulent schemes.
Exporters begin the shift to electronics
Dominican companies are leveraging e-commerce to introduce their products to international markets, such as Amazon and other e-commerce platforms.
These platforms facilitate easy logistical connectivity with other countries. One example of this is the company Induvan, which, by joining the platform, was able to bring its Santo Domingo Brand coffee to areas it hadn't previously reached.
Investment in road works would exceed RD$10,000 MM
According to the Minister of Public Works, Deligne Ascención, the Government, through that ministry, is investing more than RD$10 billion in road solution projects that will impact the development of this municipality and the province of Santiago.
Sources : Diario Libre, El Día, Hoy, Listín Diario.
