AGP Executive Report
Last update: 11 hours agoAnti-Crisis Tax Tweaks: The Senate approved the Anti-Crisis Plan as urgent, cutting taxes on lottery and betting winnings (25% only above RD$600,000; 15% for RD$200,000–RD$600,000; under RD$200,000 exempt) and lowering the annual single tax for lottery booths to RD$85,000 from RD$120,000. Fiscal Pressure on the Top End: Finance Minister Magín Díaz told lawmakers the bill would raise RD$40–RD$50 billion mainly from the wealthiest 1%, without increasing ITBIS, while promising an accountability mechanism for how funds are used. Tourism Momentum: DR welcomed 5.64 million visitors in the first five months of 2026 (+8%); air arrivals rose 10.8% and hotel occupancy topped 79% (Jan–Apr), with 93% of tourists saying they’d return. Business Tourism Upgrade: Demolition of the former Hotel Santo Domingo is set to start in three months to clear the way for a new Santo Domingo Convention Center, aimed at boosting conventions and hotel occupancy. Aviation & Jobs: FL Technics secured FAA Part 145 approval to start MRO operations in Punta Cana, while IDAC certification also clears its Punta Cana maintenance hub. Airline Growth: Arajet posted a record May, carrying 163,000+ passengers and taking 10%+ of DR’s total passenger traffic that month. Trade & Diplomacy: The EU-CARIFORUM joint council meeting returns to Santo Domingo (June 18–20) to push Economic Partnership Agreement implementation and expand trade and investment. Regional Connectivity: Arajet launched a new Punta Cana–Rosario route (3x weekly), adding Rosario as its fourth Argentine city. Corruption Case Fallout: Courts ordered forfeiture of assets tied to the Coral and Coral 5G cases, including 114 vehicles, 159 properties, luxury watches, firearms, and millions in cash. US-DR Nuclear Deal: The U.S. and DR signed a Nuclear Cooperation Memorandum of Understanding to expand peaceful civil nuclear collaboration. Visa Path Update: Foreign Minister Roberto Álvarez said DR is progressing toward Schengen visa-free access, but document fraud remains the main hurdle. Youth Prevention Drive: President Abinader launched “Inquebrantables,” funded by seized assets, targeting resilience and prevention for Dominican youth. Fisheries Transparency Push: DR joined 14 other countries in signing the Mombasa Declaration to fight illegal fishing through better vessel and licensing transparency.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.