APROCOVICI will swear in its new board; smart cities and sustainable mobility will be the focus of discussion among young entrepreneurs; Guatemala will strengthen relations with the country; the IMF anticipates uncertainty in the Dominican economy due to external factors; fears of recession cause oil prices to plummet; the euro hits its lowest level against the dollar in 20 years; stock markets and the euro: why does the government increase electricity rates every three months?; the Third Court of Instruction of the National District will hear the preliminary trial in the Medusa case; more than RD$57 million will be allocated for the reconstruction of the Sabana Perdida sports complex; customs will clear 30,000 containers in 24 hours or less in the first year of the program; software reduces more than 80 types of fraud; APAP allocates RD$15 million to social works.
APROCOVICI will swear in its new board of directors
The Cibao Association of Housing Developers and Builders (APROCOVICI) will swear in its board of directors tomorrow, Thursday the 7th, which will lead the organization for the 2022-2023 term. The event will take place at 5:30 PM in the Las Carreras Avenue Business Building, Santiago.
Smart cities and sustainable mobility at the heart of the discussion among young entrepreneurs
Focused on reaffirming the commitment of young entrepreneurs to the sustainable development of the Dominican Republic, the National Association of Young Entrepreneurs ( ANJE ) held the meeting "Smart Cities and Sustainable Mobility", which included the participation of experts in different branches of the area who made valuable contributions on the subject.
Guatemala will strengthen relations with the country
The Guatemalan ambassador to the Dominican Republic, Javier Zepeda, is focused on strengthening relations between the two nations through three key areas: trade, tourism, and investment. He explained that these sectors, which will underpin his diplomatic efforts, build upon the work he has already been promoting in his country through his leadership in the business sector, specifically with the Association of Industries, which he headed from 2008 to 2021, prior to his appointment as ambassador in January 2022.
IMF anticipates uncertainty in the Dominican economy due to external factors
The economies of Central America, Panama, and the Dominican Republic are subject to an “unusually high degree of uncertainty” due to a confluence of external factors that will have lasting repercussions in the region, the International Monetary Fund said yesterday. However, it indicated that there is “a unique opportunity” to revitalize crucial reforms that will improve social conditions and reverse the deterioration of pre-existing problems, including unemployment, poverty, and inequality.
Fears of recession send oil, stock markets and the euro plummeting
oil prices fell sharply on Tuesday due to growing fears of a recession in major economies and amid rampant inflation.
Euro hits 20-year low against dollar
The euro traded below $1.03 yesterday, its lowest level since December 2002, as recession fears drove investors to seek refuge in the greenback. The euro was trading at $1.0258, down from $1.0433 in the final hours of European trading the previous day. The European Central Bank (ECB) set the euro's reference exchange rate at $1.0290.
Why does the government increase electricity rates every three months?
The reasons given by the Superintendency of Electricity (SIE) for increasing the electricity rate quarterly, since November of last year, are based primarily on the Dominican Electricity Sector signed in February of last year, in the administration of Luis Abinader, after being agreed upon with different social sectors.
The Third Court of Instruction of the National District will hear the preliminary trial of the Medusa case
Judge Amaury Martínez, of the Third Court of Instruction of the National District, was assigned the case against the 63 individuals implicated in the Medusa case. The assignment was made by Kenya Romero, the coordinating judge of the National District's courts of instruction, through a computerized random draw.
More than RD$57 million allocated for the reconstruction of the Sabana Perdida sports complex
With an investment exceeding RD$57 million pesos, the Presidential Commission for Neighborhood Development Support (CPADB), through the Father Rogelio Cruz Foundation, delivered the fully renovated Raúl Castro Sports Complex in Sabana Perdida, Santo Domingo Norte, an infrastructure that had been demanded for almost two decades by the inhabitants in the area and surrounding zones.
Customs clears 30,000 containers in 24 hours or less in the first year of the program
The Director General of Customs, Eduardo Sanz Lovatón, reported yesterday that, following the implementation of the "24-hour Clearance" program, almost 30,000 containers have been released in 24 hours or less, whereas previously the average time was between six and seven days.
Software reduces more than 80 types of fraud
Intelligent software has managed to minimize the more than 80 types of fraud committed against electric meters in homes and businesses in Bávaro-Punta Cana, to minimize or cancel their readings, illegal actions that increase during the summer, due to the high temperatures.
APAP allocates RD$15 million to social works
The Popular Savings and Loan Association (APAP) awarded RD$15 million to more than 60 non-profit organizations as financial support for their community projects. Lawrence Hazoury, Chairman of APAP's Board of Directors, emphasized that this investment reaffirms the association's commitment to the sustainable development of communities.
Source: Diario Libre, El Día, Listín Diario, Hoy.
