Global public debt will soar in 2022 to a record high of over €65 trillion; the Dominican Republic has 2.2 million more vehicles than 10 years ago; the government will finance clinics with RD$2 billion; César Iglesias: First company to issue shares on the stock market; zero interest on products will not guarantee low prices; the cable car will not be operating during Holy Week; new US sanctions: Putin's daughters and Russian banks; the war in Ukraine could "last months, even years," says the NATO chief
Global public debt will soar in 2022, reaching a record high of over 65 trillion euros
Global public debt, which increased by 7.8 percent in 2021 to $65.4 trillion (€60 trillion), will soar by 9.5 percent this year, reaching a record $71.6 trillion (€65.4 trillion), with the United States, Japan, and China being the main drivers of this increase, according to the second edition of the Janus Henderson Sovereign Debt Index.
The Dominican Republic has 2.2 million more vehicles than it did 10 years ago
The Dominican Republic has 2.2 million more vehicles than it did 10 years ago, with the National District, Santo Domingo, Santiago, and La Vega accounting for more than half of the vehicle fleet, based on the tax domicile of taxpayers from 10 years ago
Government will finance clinics with RD$2 billion
President Luis Abinader announced yesterday that he will finance a total of 2 billion pesos through the Development and Export Bank (Bandex) to improve the infrastructure of private medical centers. During his address, the president explained that the funds will allow for the construction, expansion, and remodeling of clinics nationwide.
César Iglesias: First company to issue shares on the stock market
The Dominican Republic's Securities Market Superintendency (SIMV) yesterday approved the first common stock offering in the Dominican capital markets industry, structured for César Iglesias by BHD León Puesto de Bolsa, which is also jointly responsible for the placement of these shares with Inversiones Popular – Puesto de Bolsa. César Iglesias, a company with over a century of history, nearly 3,000 employees, and more than 60 consumer brands, is the first business organization in the country to offer its shares for public sale.
On its 60th anniversary, APAP presents its figures and announces an investment of RD$277 million in social returns
In 1962, the Popular Savings and Loan Association ( APAP ) began its journey in the financial system with a capital of 163,320 pesos. And this year, 2022, those figures stand at more than 23 billion pesos. Yesterday afternoon , Wednesday, the bank's executives celebrated its 60th anniversary, announcing a 277 million peso investment in social responsibility.
Zero interest on products will not guarantee low prices
The basic products included in the zero-tariff bill are widely consumed by the Dominican population, and a large portion of them have guaranteed production within the local economy, such as chicken, beef, and pork. Even though the tariffs are temporary for six months, there is no guarantee that the final prices for consumers will be as expected, because the same thing happened with the DR-CAFTA free trade agreements signed with the United States and Central America, and with the EPA signed with the European Union.
Thecable car will not be operating during Holy Week.
The Office for the Reorganization of Transportation (OPRET) informed users of the Santo Domingo Cable Car that there will be a suspension of service from Saturday, April 9th to Sunday, April 17th, due to scheduled maintenance work being carried out on sections 1 and 2.
NewUS sanctions: Putin's daughters and Russian banks
The United States announced sanctions Wednesday against the two adult daughters of Russian President Vladimir Putin and added that it was tightening sanctions against Russian banks in retaliation for “war crimes” in Ukraine. The United Kingdom froze the assets of two major banks, banned British investment in Russia, and pledged to wean itself off Russian coal and oil by the end of the year.
The war in Ukraine could “last for months, even years,” says the NATO chief.
Russian President Vladimir Putin has not given up on seizing all of Ukraine, and the war could last "months, even years," the NATO Secretary General warned on Wednesday. "We have to be realistic. The war could last a long time, several months, even years. That is why we also have to be prepared for a long haul, both in terms of supporting Ukraine and maintaining sanctions and strengthening our defenses," said Jens Stoltenberg, before the start of a meeting of NATO foreign ministers. "We see no indication that Putin has changed his objective of controlling all of Ukraine," he stressed.
Sources: Diario Libre, Listín Diario, Hoy
