Governor-elect Alejandro García-Padilla said the recent downgrade by Moody’s Investors Service of the Commonwealth of Puerto Rico’s General Obligation bonds “further signal the need for fiscal discipline at the central government and in our public corporations.”
The Puerto Rico Bankers Association and the New York Federal Reserve Bank recently announced the winners of the 2012 “Puerto Rico Financial Awareness Video Contest,” which drew participation from 122 students from 19 universities. The competitors submitted 19 videos aimed at encouraging financial skills and responsibility among our youth.
The number of vehicles that rolled off the lots in Puerto Rico reached 8,773 units in November, which represented a flat 0.2 percent year-over-year improvement and kept the breaks on nearly 10 months of consecutive growth, the United Automobile Importers Group known as GUIA revealed.
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