According to a study, the Dominican Republic's basic food basket is one of the cheapest in the region; RD$7 billion will be returned to workers who did not qualify for retirement due to age; the Fed is preparing to raise interest rates in response to the unexpected surge in inflation; rum and tobacco exports totaled US$425.39 million; UASD will elect a new rector today; construction of an educational center in Guaymate is paralyzed due to lack of payment; Texas crude oil falls 1.7% and closes at $118.93 a barrel.
According to a study, the basic food basket in the Dominican Republic is one of the cheapest in the region
According to a recent study by the Central American Consumer Protection Council (Concadeco), an organization belonging to the Central American Integration System (SICA), the Dominican Republic has one of the cheapest basic food baskets, second only to El Salvador. The president of the regional body, Honduran Mario Castejón, stated in a press release that the country offers basic necessities at lower prices than Panama, Nicaragua, Guatemala, Costa Rica, Honduras, and other Caribbean nations.
They will return RD$7 billion to workers who did not qualify for an old-age pension
The Minister of Labor, Luis Miguel de Camps, reported yesterday that more than 25,000 people, who due to the age at which they entered the Dominican pension system do not qualify to receive a pension, will be able to access the system and request it in advance.
The Fed is preparing to raise interest rates in response to an unexpected surge in inflation
The US Federal Reserve (Fed) is preparing to raise interest rates on Wednesday at a meeting that has generated expectations of a possible 0.75% increase, as suggested by specialized media outlets, in response to the unexpected surge in inflation in May. A few days ago, the Bureau of Labor Statistics revealed that the consumer price index jumped to 8.6% last month, the highest figure in the last 40 years and slightly above analysts' expectations, especially after inflation registered its first decline in seven months in April.
Rum and tobacco exports totaled US$425.39 million
The export volume of tobacco and rum reached US$425.39 million between January and April of this year, reflecting significant growth in sales abroad for both products. In the case of tobacco, an agricultural product with a diverse range of derivatives, from the robusto cigar to the leaves of the fruit, exports in the first four months of the year totaled US$384.67 million.
UASD elects a new rector today
The Autonomous University of Santo Domingo (UASD) elects today, Wednesday, the authorities who will govern its destiny for the next four years (2022-2026).
Construction of an educational center in Guaymate is paralyzed due to lack of payment
The Hicayagua school, one of the oldest educational centers in the municipality of Guaymate, La Romana province, had been under construction for approximately five years. It was demolished due to the extensive deterioration of its structure and the danger it posed to teachers and students.
Texas crude oil fell 1.7% to close at $118.93 a barrel
The price of West Texas Intermediate (WTI) crude oil fell 1.7% on Tuesday and closed at $118.93 after starting the day in positive territory in reaction to the imbalance between strong demand and scarce supply in the market.
Sources: Hoy, Diario Libre, Listín Diario, El Día.
