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Dominican Republic

tourist arrivals fall 3.8% in first 10 months

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Santo Domingo.- The arrival to the Dominican Republic of foreign tourists, the country’s main source of foreign currency, fell 3.8% in the first 10 months, the Central Bank reported Tuesday.

The Dominican Republic accumulates five consecutive months of decline in the arrival of foreign tourists, though partially offset by the 15.2% growth in the number of Dominican tourists residing abroad.

The Central Bank attributed the data to the effects of the “media campaign” related to the death of a dozen American tourists at the beginning of the year in hotels in the Caribbean country, which the Dominican Government and the FBI blamed on natural causes.





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Dominican Republic

Border guards nab cigarettes, moonshine in armored truck

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Dajabon, Dominican Republic.- Border Security (CESFRONT) guards, on Wed. seized contraband smuggled into the country through the border in this northwestern city.

The agency reports that around 5:30pm Wednesday, a military patrol stopped an armored truck of a recognized company containing thousands of packs of cigarettes and the Haitian moonshine, “clerén.”

The search was carried out on the Dajabón-La Fe road near the border. Arrested: José Pérez Espinal and Elido Antonio Peralta Almonte, driver and helper of the Daihatsu armored truck





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Dominican Republic

Dominicans spent US$100M during Black Friday, a 22.6% jump

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Santo Domingo.- Dominicans spent at least RD$5.3 billion (US$100 million) during Black Friday, held last Friday of November and which in recent years has boosted retail worldwide.

“The figures for this 2019 reached 5.3 billion, thus exceeding by 22.64% the 4.3 billion pesos consumed with cards at points of sale (POS) during 2018, year that had already exceeded 7% to its predecessor 2017,” says a press release by CardNet.

“Black Friday has been this year a great driver of a substantial increase in sales in the national market, said CardNET CEO Luis Bencosme.

“The records indicate a trend of significant increase in purchases from local businesses for this period; and in this year, in particular, the increase has reached a relevant moment, surpassing the activities of recent years.”





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Dominican Republic

US company Apache to spend US$85M to seek natural gas

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Santo Domingo.- The US company Apache will invest US$85 million to search for and drill in the hydrocarbon block at the San Pedro maritime basin (east).

This company, the first to win a tender for hydrocarbon exploration in the country, will have four years to carry out the corresponding studies and determine if there is exploitable natural gas in that area.

If so, the entrepreneurs will invest to exploit that resource, said Energy and Mines Minister Antonío Isa Conde, on Wed.

The contract to base the negotiations are under a shared production regime, which guarantees 40% of the profits to the Dominican State, said Isa Conde. “They can also be charged with in kind that is, the State can ask the Apache company to pay with natural gas.





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