Dominican

DP World Announces Start of Air Cargo Hub Operations in Punta Cana

Retrieved on: 
Thursday, November 30, 2023
Supply Chain Management, Retail, Air, Transport, Logistics, Other Transport, Seafood, Vegetable, Punta Cana International Airport, Public sector, PUJ, DP World, DP, Atmosphere, Aircraft, Airline, Dominican, Punta Caucedo

DP World, a global leader in end-to-end supply chain solutions, announces its first export operations at its new air cargo logistics hub in Punta Cana, Dominican Republic.

Key Points: 
  • DP World, a global leader in end-to-end supply chain solutions, announces its first export operations at its new air cargo logistics hub in Punta Cana, Dominican Republic.
  • The Punta Cana Air Cargo Hub was created through a joint effort between DP World and the Punta Cana Free Trade Zone (PCFTZ), a subsidiary of prominent Dominican business group Grupo Puntacana.
  • DP World is currently transitioning operations to the new facilities; by the end of this year, all air cargo operations in and out of will be centralized through this hub.
  • DP World began operations in the Dominican Republic in 2003 at its port facility at the Punta Caucedo peninsula.

MARRIOTT INTERNATIONAL REDEFINES THE LUXURY HOSPITALITY LANDSCAPE WITH A STRONG PIPELINE OF ONE-OF-A-KIND HOTELS & RESORTS SET TO DEBUT IN 2024

Retrieved on: 
Thursday, December 7, 2023
W, Marriott International, Senior, Safari lodge, Le Méridien New Orleans, The Ritz-Carlton Hotel Company, Jeddah Corniche, Longboat Key, Florida, Riviera Maya, Luxury, Travel, St. Regis Chicago, Pacific Northwest, Materiality, Female, Jeddah, Growth, Culture, Partnership, Life, Papagayo Peninsula, Kanai, Dominican, Annual report, Nature, 500th, Bulgari, Risk, Hotel, Tourism, JW Marriott Hotels, W Hotels

CANNES, France, Dec. 7, 2023 /PRNewswire/ -- From International Luxury Travel Market (ILTM) Cannes, Marriott International, Inc. announces its milestone 500th luxury hotel opening, bolstering its position as a leader in luxury. Featuring an unrivaled portfolio of luxury hotel brands, The Ritz-Carlton, St. Regis Hotels & Resorts, W Hotels, The Luxury Collection, EDITION, JW Marriott and Bulgari Hotels & Resorts, Marriott confidently pushes the boundaries of experiential travel reimagining the future of luxury and offering the limitless and transformational power of cultural discovery.

Key Points: 
  • CANNES, France, Dec. 7, 2023 /PRNewswire/ -- From International Luxury Travel Market (ILTM) Cannes, Marriott International, Inc. announces its milestone 500th luxury hotel opening, bolstering its position as a leader in luxury.
  • Featuring an unrivaled portfolio of luxury hotel brands, The Ritz-Carlton, St. Regis Hotels & Resorts, W Hotels, The Luxury Collection, EDITION, JW Marriott and Bulgari Hotels & Resorts, Marriott confidently pushes the boundaries of experiential travel reimagining the future of luxury and offering the limitless and transformational power of cultural discovery.
  • Over 200 luxury hotels and resorts across Marriott's luxury portfolio are in the global development pipeline, including 24 properties expected to open in 2024.
  • "Our luxury portfolio is complemented by truly exceptional guest experiences, allowing us to set the standard for the future of indulgent travel, while continuously innovating and blazing new trails.

UFP Technologies Announces Strong Q3 2023 Results

Retrieved on: 
Wednesday, November 1, 2023
Adjustment, Sale, UFP Technologies, Dominican Republic, Bailly, SG, Medicine, EBITDA, News, GAAP, Acquisition, UFP, Growth, Dominican, Hyperaccumulators table – 3, Investment, COVID-19, Video game, Q3

Adjusted net income increased 44.4% to $35.8 million for the nine-month period ended September 30, 2023 from $24.8 million in the same period of 2022.

Key Points: 
  • Adjusted net income increased 44.4% to $35.8 million for the nine-month period ended September 30, 2023 from $24.8 million in the same period of 2022.
  • Sales for the nine-month period ended September 30, 2023 were $298.6 million compared to sales of $262.6 million in the same period in 2022.
  • “I am pleased with our Q3 results and progress on our growth initiatives, particularly our expansion plans in our low-cost country facilities,” said R. Jeffrey Bailly, Chairman & CEO.
  • Adjusted EBITDA increased to $60.2 million for the nine-month period ended September 30, 2023 from $44.9 million in the same period of 2022.

AM Best Affirms Credit Ratings of Seguros Reservas S.A.

Retrieved on: 
Thursday, October 26, 2023
Insurance, Professional Services, AM Best, Life, Credit, News, AM, Growth, ERM, ALL, Risk management, Seguros Universal, Dominican

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Seguros Reservas S.A. (Seguros Reservas) (Santo Domingo, Dominican Republic).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Seguros Reservas S.A. (Seguros Reservas) (Santo Domingo, Dominican Republic).
  • The ratings reflect Seguros Reservas’ balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management (ERM).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

Dominican President Loosens Border Closure to Help Resolve Impasse with Haiti

Retrieved on: 
Monday, October 23, 2023
Commercial Building & Real Estate, Construction & Property, Public Policy, Other Policy Issues, Advocacy Group Opinion, Environmental Policy, Other Natural Resources, Environment, Environmental Issues, Government, Agriculture, Natural Resources, Urban Planning, Landscape, Other Construction & Property, Casas del Tratado de Tordesillas, Treaty, Water, Dominican Republic, River, Food, OAS, Multimedia, Organization, Abinader, Medicine, Dominican nationality law, Foreign minister, High, United Nations Security Council, Drug, Property management, Dominican

View the full release here: https://www.businesswire.com/news/home/20231023386105/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20231023386105/en/
    Dominican President Loosens Border Closure to Help Resolve Impasse with Haiti.
  • (Photo: Business Wire)
    The president opened the PCCs to facilitate progress toward the minimum conditions that would allow for diplomatic dialogue.
  • Just one week before their arrival, the Dominican National Security Council, headed by Abinader, met to approve several measures on Oct. 9.
  • Abinader appeared Monday, Oct. 16, to say that the Haitian government has the right to close its border and refuse to purchase products from the Dominican Republic.

World's 1st Dispensary Owned and Operated by Formerly Incarcerated People - CONBUD - Celebrates its NYC Grand Opening on October 19, 2023

Retrieved on: 
Tuesday, October 17, 2023
Rockefeller, Recidivism, Dominican, Hope, Atlas, Marte, Social justice, Employment, Cannabis, State, NYPD, Delancey Street, Perspiration, Smith, Black, ZERO, Ken Smith (architect), New York State Assembly, ACLU, Black and Brown!, War, Symbolism, Democratic National Committee, Drug

NEW YORK, Oct. 17, 2023 /PRNewswire/ -- CONBUD, the world's first dispensary owned and operated by formerly incarcerated people, today announces its New York City grand opening, slated for Thursday, October 19, 2023 at 5pm.  One of the first recreational dispensaries to be awarded a social equity CAURD license by the state of New York, CONBUD is the sixth licensed cannabis retailer in New York City and the only licensed dispensary in its Lower East Side neighborhood. Located at 85 Delancey Street, CONBUD promises to deliver New York's finest cannabis to adult consumers and second chances to New York State's justice-impacted community.

Key Points: 
  • NEW YORK, Oct. 17, 2023 /PRNewswire/ -- CONBUD, the world's first dispensary owned and operated by formerly incarcerated people, today announces its New York City grand opening, slated for Thursday, October 19, 2023 at 5pm.
  • Located at 85 Delancey Street, CONBUD promises to deliver New York's finest cannabis to adult consumers and second chances to New York State's justice-impacted community.
  • "When consumers enter CONBUD, they aren't just showing up for cannabis; they're showing up for justice."
  • And finally, at check out, patrons are met with the 13th Amendment inscribed on the wall.

Astra Energy Inc. Affiliate Astra Global Solutions, Inc. and Partner Inti Global Dominicana, S.R.L. Secure a 25-Year Concession for Organic Waste in Dominican Republic

Retrieved on: 
Monday, October 16, 2023
Health, AGS, Partnership, OTCQB, Herbicide, Wood, Dominican Republic, IBN, Inti, Cacao, SAN, Astra, Pesticide, Airline, Agriculture, Dominican

SAN DIEGO, Oct. 16, 2023 (GLOBE NEWSWIRE) -- via IBN -- Astra Energy Inc. (OTCQB: ASRE) (“Astra” or the “Company”) is pleased to announce that its affiliate, Astra Global Solutions, Inc. (“AGS”), has partnered with Inti Global Dominicana, S.R.L.

Key Points: 
  • SAN DIEGO, Oct. 16, 2023 (GLOBE NEWSWIRE) -- via IBN -- Astra Energy Inc. (OTCQB: ASRE) (“Astra” or the “Company”) is pleased to announce that its affiliate, Astra Global Solutions, Inc. (“AGS”), has partnered with Inti Global Dominicana, S.R.L.
  • (“Inti”) to secure the Dominican Republic National Coconut Program (“the Program”).
  • Astra will benefit from its relationship with AGS as it advances business development activities in various regions around the world.
  • Astra's subsidiary Regreen Technologies Inc. has licensed the territory to AGS for the Regreen Waste to Energy System and will provide the equipment.

Dominican President Addresses UN to Defend His Nation’s Measures Against Haiti’s Illegal Canal Construction Project

Retrieved on: 
Friday, September 22, 2023
Other Defense, Construction & Property, Energy, Other Policy Issues, Defense, Environment, Public Policy, Government, Agriculture, Natural Resources, Urban Planning, Landscape, Other Energy, Architecture, Utilities, Other Construction & Property, United Nations Security Council, High, General assembly, United Nations, Assembly, Speech, Casas del Tratado de Tordesillas, Treaty, UN General Assembly Resolution 60/147, Dajabón River, United Nations General Assembly, Abinader, Chapter IV of the United Nations Charter, Republic, Dominican Republic, Documentation, River, United, Water, UN, UNGA, UN Security Council Sanctions Committee on North Korea, Letter, International law, Water resources, News, Mouth, Drug, Cryptocurrency, Dominican

If completed, the canal would draw water from the Dajabon River, violating a Dominican-Haitian border treaty dating from the 1920s.

Key Points: 
  • If completed, the canal would draw water from the Dajabon River, violating a Dominican-Haitian border treaty dating from the 1920s.
  • “This is to guarantee our security and national interest, as well as to protect our rivers, environment, and agricultural production,” the Dominican president explained to his counterparts at the United Nations.
  • In his speech, President Abinader also explained other important negative impacts that could result from this illegal construction project.
  • “This project could cause flooding in the CODEVI (manufacturing) industrial park, located 300 meters downstream from the canal site, endangering its 19,000 Haitian workers.

Note of Condolences for the Passing of GoldQuest Mining Founder David Hall

Retrieved on: 
Monday, September 11, 2023
Dominican Republic, Family, Mining, Dominican

VANCOUVER, British Columbia, Sept. 11, 2023 (GLOBE NEWSWIRE) -- GoldQuest Mining Corp. (TSXV: GQC “GoldQuest” or the “Company”) is deeply saddened to hear about the passing of David Hall, the founder of the Company.

Key Points: 
  • VANCOUVER, British Columbia, Sept. 11, 2023 (GLOBE NEWSWIRE) -- GoldQuest Mining Corp. (TSXV: GQC “GoldQuest” or the “Company”) is deeply saddened to hear about the passing of David Hall, the founder of the Company.
  • David worked as an economic geologist in more than 60 countries over a 40-year career.
  • He was a superb team and company builder with a successful discovery track record in both major corporations and junior exploration and development companies.
  • He founded GoldQuest in 2002 and maintained a long and fruitful relationship with the Dominican Republic.

Four Seasons and Cisneros Real Estate Announce New Luxury Resort and Residences in the Dominican Republic

Retrieved on: 
Tuesday, September 12, 2023
DNA, Season, Coral, Tourism, Education, Life, Four Seasons Hotels and Resorts, Agriculture, Four Seasons, Four Seasons Resort Lanai, History, Forest, Government, Grupo Cisneros, Entrepreneurship, Nature, River, Love, Four Seasons Private Residences at 706 Mission Street, Dominican, Ecosystem, Environment, Tropicália

TORONTO and MIAMI, Sept. 12, 2023 /PRNewswire/ -- Four Seasons and Cisneros Real Estate (Cisneros) announce plans for the development of Four Seasons Resort and Residences Dominican Republic at Tropicalia, a sustainable luxury destination located on a 60-acre (24 hectare) site along the pristine beachfront of Playa Esmeralda in northeastern Dominican Republic, along the southern shores of Samaná Bay. The project will combine the globally renowned hospitality and service of Four Seasons and Cisneros' decades of business and investment in the Dominican Republic, Latin America and the United States. With construction underway, the project is slated to open in early 2026.

Key Points: 
  • Four Seasons Resort Dominican Republic at Tropicalia to bring sustainable luxury and timeless, tropical design to Samaná Bay
    TORONTO and MIAMI, Sept. 12, 2023 /PRNewswire/ -- Four Seasons and Cisneros Real Estate ( Cisneros ) announce plans for the development of Four Seasons Resort and Residences Dominican Republic at Tropicalia, a sustainable luxury destination located on a 60-acre (24 hectare) site along the pristine beachfront of Playa Esmeralda in northeastern Dominican Republic, along the southern shores of Samaná Bay.
  • Featuring a tropical modernist design by Brazilian architect Isay Weinfeld, Four Seasons Resort and Residences Dominican Republic at Tropicalia will set a new standard of natural, sustainable elegance for sophisticated travellers from around the globe.
  • The property will include a 95-key resort and 25 Private Residences of three- and four-bedroom units, all located steps from the beach.
  • Tropicalia is owned by Cisneros Real Estate, the development arm of Cisneros, a diversified business group with nearly 100 years of history in media, real estate, consumer products and social leadership.