dominican economy

In this context, I sought the views of industry representatives on the significant contribution that the information technology, electrical and electronics sectors could make towards increasing Sri Lanka's export earnings and foreign currency inflows. It was highlighted during the discussion that the information technology sector, currently Sri Lanka's third-largest export revenue earner, has the potential to generate US$5 billion in annual export earnings. It was also noted that the electrical …

The latest set of government accounts supports other evidence that the economy is strengthening, Finance Minister Nicola Willis says. The Financial Statements of the Government for the 11 months to May show core Crown revenue up $1.7 billion on the forecasts in the Budget and core Crown expenses $900 million lower than forecast. “The biggest contributor to the improvement in Crown revenue was corporate tax revenue being $700 million higher than forecast. This is positive because it indicates a…

The Central Statistics Office today (2nd July) published the Annual National Accounts for the full year 2025 and revised estimates for the first quarter of 2026. Commenting on the figures, the Tánaiste and Minister for Finance, Simon Harris. T.D. said: “I welcome today’s data from the CSO which confirms that the domestic economy continued to grow strongly last year. Rising real incomes, boosted by a robust labour market, supported consumer spending, which grew solidly by 2½ per cent. At the s…

Santo Domingo.- Dominican banking credit aimed at micro, small and medium-sized enterprises (MSMEs) experienced an interannual growth of 9.1%, according to data from the report Financing for micro, small and medium-sized enterprises, published by the Superintendency of Banks (SB) on its website. The document details that the portfolio amounted to RD 576,837 million in April 2026, and is mainly intended for the commerce, construction, real estate activities, tourism, electricity supply, industry…

Santo Domingo.-Mining activity once again demonstrated that it is one of the main drivers of the national economy, registering a cumulative expansion of 9.7%, the highest among all productive sectors during the first five months of 2026, according to Central Bank records. This was highlighted by the Minister of Energy and Mines, Joel Santos, who pointed out that the exploitation of mines and quarrying has contributed to the country's average economic growth of 4.2% so far this year, despite the…