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AGP Executive Report

Last update: 11 hours ago

Anti-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.

AGP Wire

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Jun. 17, 2026

FL Technics wins FAA approval for Punta Cana MRO base

AGP

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Jun. 9, 2026

Construction chemicals market seen hitting $88.1 billion by 2032

AGP

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Jun. 17, 2026

FL Technics gets IDAC approval for Punta Cana maintenance hub

AGP

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Jun. 13, 2026

Janus Assurance Re donates to Dominican children’s cancer charity FACCI

AGP


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United States:  United States And The Dominican Republic Sign Nuclear Cooperation Memorandum Of Understanding

United States: United States And The Dominican Republic Sign Nuclear Cooperation Memorandum Of Understanding


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Jun. 17, 2026

FL Technics Receives FAA Certification for Operations in the Dominican Republic

EIN Presswire

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Jun. 17, 2026

FL Technics Certified by IDAC to Start Aircraft Maintenance in Dominican Republic

EIN Presswire

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Jun. 15, 2026

CCC Signs MoU to Expand Canadian Defence Trade with the Dominican Republic

GlobeNewswire, Inc.

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Jun. 11, 2026

VVT Med Expands into the Dominican Republic, Appointing Antilles Medical as Exclusive Distributor

GlobeNewswire, Inc.

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Jun. 8, 2026

Two Crew Members Get Killed in Private Jet Crash in Dominican Republic

MENAFN

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Jun. 8, 2026

Pilot, Copilot Killed as Private Jet Crashes in Dominican Republic

MENAFN

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