Businessman highlights advantages of acquiring property, rating agency highlights country's economic growth and maintains stable outlook, IMF suggests the Dominican Republic prioritize inflation and maintain downward trajectory in public debt, Mexican wholesale operators see great opportunities for tourism deals in the Dominican Republic, those involved in Coral and Coral 5G acquired assets worth over four billion pesos, UERS audit: difference of more than 30 million pesos between payroll, Arajet receives its second aircraft christened "Valle Nuevo", Abinader to Leonel: "There's a tool that reminds people of when they governed, it's called Google", public works opens bidding to modernize toll stations for RD$1.24 billion, PAHO warns of a new wave of Covid, MAP invites participation in a competition for 59 vacancies in 21 government institutions, Biden restores flights to Cuba and eliminates limits on remittances
Businessman highlights advantages of acquiring a property
Real estate entrepreneur Levi Garcia explains that “the Dominican real estate market has been experiencing rapid growth for many years, making real estate investments in the Dominican Republic an extremely profitable opportunity for those seeking to invest their capital to increase their wealth.”.
Rating agency highlights country's economic growth and maintains stable outlook
International rating agency Moody's yesterday published its annual credit analysis report for the Dominican Republic, highlighting its Ba3 sovereign rating and stable outlook, which was reaffirmed last April. The firm emphasized the Dominican economy's real growth of 12.3% in 2021 , a level that was "significantly above regional and risk rating peers," according to the released annual credit analysis.
The IMF suggests the Dominican Republic prioritize inflation and maintain a downward trajectory in public debt
The International Monetary Fund (IMF) team that concluded a visit to the Dominican Republic last week published its findings yesterday, among which it recommends that, in the short term, the country's policy priorities should aim to ensure the return of the inflation rate to the target range and maintain a downward trajectory in public debt, while supporting the vulnerable population against the impact of global shocks.
Mexican tour operators see great opportunities for tourism deals in the Dominican Republic
Executives from Mexico's leading business and tourism wholesale companies praised the Dominican Republic, and especially its capital, Santo Domingo, as offering great opportunities for travel, thanks to its "comprehensive range of attractions and excellent connectivity" with other countries in the region.
Those involved in Coral and Coral 5G acquired assets worth over four billion pesos
The formal accusation filed by the Public Prosecutor's Office against 30 individuals and 18 companies involved in the Coral and Coral 5G cases details how the main ringleaders of these alleged corruption networks managed to acquire properties worth millions of pesos, totaling 4,500,000,000. In this case, authorities identify military personnel Adán Benoni Cáceres, Juan Carlos Torres Robiu, Julio Camilo de los Santos Viola, Rafael Núñez de Aza, Raúl Alejandro Girón Jiménez, Boanerges Reyes Batista, Julio Camilo de los Santos Viola, and pastor Rossy Guzmán Sánchez, among others, as the ringleaders of the network.
UERS audit: difference of more than 30 million pesos between payroll
The Chamber of Accounts revealed yesterday, Monday, that the special investigation carried out on the Technical Unit of Rural and Suburban Electrification (UERS), for the period between August 1, 2012 and August 31, 2020, yielded a difference in budget execution between the physical and digital payrolls of RD$30,920,127.
Arajet receives its second aircraft, christened "Valle Nuevo"
Dominican airline Arajet announced the arrival of its second Boeing 737 MAX 8, named “Valle Nuevo,” at Las Américas International Airport. This aircraft joins its first, named “Pico Duarte,” as part of a strategy to elevate, promote, and raise awareness about the importance of preserving the country's main protected areas
Abinader to Leonel: "There's a tool that reminds people of when they were in power, it's called Google."
President Luis Abinader responded to statements by former President Leonel Fernández, who accused the government of "mistreatment" of local producers. "There is a very powerful tool against populism and demagoguery, especially for those who have governed, and that powerful tool, which reminds people of when they were in power, is called Google. It's very easy to use, and by searching on Google, you can discover many truths," Abinader said during the announcement of the implementation of the "Siembra RD" (Sowing RD) plan, through which the government aims to increase the planting and production of basic food staples as a way to combat global inflation.
Public works opens bidding process to modernize toll stations for RD$1.24 billion
With the aim of speeding up the passage of vehicles at toll stations and avoiding delays due to the slow response of the reading machine in the exclusive fast-pass lanes, the Ministry of Public Works and Communications (MOPC) yesterday opened the call for the international public bidding process for the modernization and operational improvement of the Toll Station Collection System for an amount of 1,240 million pesos.
PAHO warns of a new wave of Covid
The local office of the Pan American Health Organization (PAHO) yesterday urged authorities to maintain vigilance regarding COVID-19 and called on the public to seek medical attention for respiratory symptoms and to wear masks in enclosed spaces. In a press release, the organization confirmed that the recent increase in infections could correspond to a new wave of the disease, but noted that the incidence to date remains low and there are no signs of severe illness.
MAP invites applications for 59 vacancies in 21 government institutions
The Ministry of Public Administration ( MAP ) called on interested citizens to participate in the competition to fill 59 vacancies in 21 government institutions.
Biden restores flights to Cuba and eliminates limits on remittances
US President Joe Biden announced on Monday that he will reinstate commercial flights to Cuba, which currently only fly to Havana, and will suspend the $1,000 quarterly limit on remittances , reversing some of the harshest measures of his predecessor, Donald Trump.
Sources: Hoy, Listín Diario, El Caribe , El Día
