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Dominican Republic

Coffee pumps US$96M into Dominican economy but 10K ton deficit weighs

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Barahona, Dominican Republic.- The coffee component in agroforestry projects will contribute RD$4.8 billion (US$96 million) to the Dominican economy annually, Agriculture Minister, Osmar Benítez said Thurs.

Speaking at Barahona Technological University (UCATEBA) the official said that thousands of hectares have been cultivated with the grain through projects aimed at controlling the effects of global warming.

He said the country consumes 34,000 tons every year and is only producing 14,000, a situation he affirms will change with the government projects. “In other words, we have space to produce 20,000 tons to be sold in the local market, “at better prices than the stock market, where the price is at 98 dollars per 100 pounds and here at US$170.”





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Dominican Republic

Broker gets Stock Market’s kudos for US$236M+ in trades

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Pedro Galán, José Manuel Cuervo, Elianne Vílchez.

Santo Domingo.- The Stock Exchange of the Dominican Republic (BVRD) on Fri. congratulated the subsidiary of the Popular bank group for its role in  placing over RD$12.5 billion (US$236 million) of debt.

Inversiones Popular, SA Puesto de Bolsa, a subsidiary of the Popular Group, received the award as the largest placeholder of the Self-Regulation Markets (ARM) program in the variable income and trust securities regimen, granted by the BVRD.

This award recognizes Inversiones Popular’s placement capacity between October 2018 and October 2019, through the stock exchange platform authorized by the BVRD and following the guidelines of the ARM program, which trains traders in the best international practices of the Stock market.





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Dominican Republic

Gasoline, diesel fall, propane rises, natural gas unchanged

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Santo Domingo.- Fuel prices for the week from Nov. 15 to 22 posted by the Industry and Commerce Ministry. Prices in gallons:

Premium gasoline, RD$228.60, a reduction of RD$1.20.

Regular gasoline, RD$214.20, RD$1.30 less.

Regular diesel will cost RD$179.70, RD$1.00 less.

Optimal diesel, RD$192.60, lower RD$ 0.90.

Avtur will cost RD$143.50, decreases RD$0.70.

Kerosene, RD$169.90, drops RD$ 0.70.

Fuel oil, RD$91.56, RD$5.00 less.

Propane gas RD$100.70 per gallon, rises RD$1.40.

Natural gas continues at RD$28.97 per cubic meter.





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Dominican Republic

Dominican music icon wins 2 Latin Grammys

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Santo Domingo.- Dominican music icon Juan Luis Guerra won his second statuette by winning in the category of “Best Tropical Album” with “Literal,” at the 20th Latin Grammy Awards, held Thursday night in Las Vegas.

Guerra also obtained the first gramophone of the night in the category “Best tropical song” with “Kitipún.”

The Dominican artist was competing with “Barrios de mi tierra (songs by Rubén Blades)” – Iván Barrios, “Candela” – Vicente García, “Tropicalia” – Ilegales and “Milly & Company” – Milly Quezada.





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