JUANILLO, Dominican Republic, Dec. 7 /PRNewswire/ — Cap Cana, S.A. (“Cap Cana”) and Grupo Velutini, a diversified Latin American real estate investment and development firm, today announced the commencement of the first phase of construction of the Puerto Marina at Cap Cana residential development. The groundbreaking ceremony was headed by Dominican President Leonel Fernandez Reyna, [...]

Marabel Farms, an organic cocoa beans producer, is launching a 70-year-old Caribbean dessert, called Marabella this coming October. “I am excited to be part of Marabel Farms. I am Dominican, but the last 4 months, I have learned more about my country’s cocoa and its health benefits than all this time that I have been [...]

Dominican president foresees economic recovery in 2010 HAVANA, Dec. 31 (Xinhua) — Dominican Republic’s President Leonel Fernandez said Thursday that 2010 would see the recovery of the country’s economy and urged all sectors to stand up to challenges, local reports said. Government stimulus measures were necessary for economic sectors to actively participate in the process [...]

If you are a typical Canadian, which we suspect you are, at the sight of the first snowfall you began devoting your lunch and coffee breaks to scavenging the internet for the ultimate vacation deal. You’ve scrolled through page upon page of hotel listings and now believe every property has the same name and the [...]

Santo Domingo.– The social networking phenomenon is taking over the world country by country and the Dominican Republic is no an exception, with Facebook and Hi5 in its top 10 of most visited websites. According to Vincenzo Cosenza, the man behind Vincos Blog, focusing on the topics of social networking, social media and photography, Facebook [...]

Santo Domingo.– The Super Tucano intercept planes recently bought by the Dominican Republic will be operated by the Dominican Air Force on missions involving internal security, border patrol, and combating the drug trafficking. According to Orlando José Ferreira Neto, Embraer Executive Vice President, “the use of the Super Tucano airplanes by the Dominican Air Force [...]

Santo Domingo.– In the Dominican Republic, a country of 9.5 million inhabitants, there are almost the same amount of telephone numbers in use, said Dominican Telecomm Institute (Indotel) director Jose Rafael Vargas. According to Vargas, the Dominican Republic is ending 2009 with a teledensity of 97%, and is expected to reach 100% in February 2010. [...]

Santo Domingo.– A research team has discovered off Nagua, a city in the northeastern Dominican Republic, a galleon ship from Spain that sunk at the end of the 17th century. The research team is headed by Penny Stock Chaser of Marine Exploration, a US company specialized in underwater archaeological exploration and which was contracted by [...]

Santo Domingo.– The increase in bank credit to the private sector helped reactivate the Dominican economy, which will grow this year by around 3.5%, the Central Bank reported. Due to a strong correlation between the private credit and the GDP growth, the Dominican economy has experienced an important recovery, mainly in 2009’s second quarter, according [...]

Santo Domingo.–The Dominican government is reneging on an agreement to pay private generators around US$200 million owed for energy, as agreed with the World Bank (WB). A reliable source in the industry revealed today that despite the pledge by State-owned power companies (CDEEE) director Celso Marranzini that the payment would materialize by yearend, Treasure minister [...]