Op-Ed: A decision-making tool for choosing an airport developer
February 22, 2021
A lot of industry experts agree with the Puerto Rico government’s decision to halt granting the operation and maintenance of all island regional airports to a single administrator, that instead, the best option was to look at each airport’s development opportunities. Soon after this announcement, the administrator of the Puerto Rico Public-Private Partnerships Authority, Fermin […]
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Op-Ed: Puerto Rico needs to stop spinning infrastructure wheel and aim for implementation
February 10, 2021
When Ricardo Rosselló assumed the governorship on Jan. 2, 2017, he immediately signed an “Infrastructure Reform,” declaring a state of emergency regarding the island’s infrastructure and activated an expedited protocol for the development of projects. He also created an interagency group to coordinate said projects. At that time there was talk of the creation of […]
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Op-Ed: OBoard’s Plan of Adjustment submission deadline looming
February 9, 2021
The Financial Oversight and Management Board for Puerto Rico (FOMB) has until Feb. 10 to present a Plan of Adjustment (POA), or at least a summary of the main terms thereof, to modify the central government’s debts with various groups of creditors. These debts include General Obligation bonds, bonds issued by the Public Buildings Authority, […]
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Op-Ed: CNE outlines recommendations for Gov. Pierluisi
February 4, 2021
Puerto Rico is facing several simultaneous crises, each one superimposed on top of the other. This situation demands a robust response from the government of Puerto Rico precisely when its capacity to execute is limited by bankruptcy, the politicization of public employment, years of austerity policies, and corruption. This conjunction of an overwhelming agenda and […]
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Op-Ed: Biden has an opportunity to accelerate recovery in Puerto Rico
January 28, 2021
It’s a new day for the United States and Puerto Rico. With a new president and a new governor, Puerto Rico can turn a new page, and continue rebuilding — even better than before. This couldn’t come at a better time. President Biden’s climate and clean energy strategy is the boldest, most far-reaching we’ve ever […]
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Op-Ed: Discover Puerto Rico and its commitment to small businesses
January 22, 2021
In Puerto Rico, prior to the COVID-19 pandemic, small and medium businesses (SME) accounted for about 75% of all private employment; and nearly 85% of the 6,000 tourism-related businesses were SME. These facts create an urgency to restore external tourism, as soon as possible. On the other hand, reopening tourism-related businesses and managing their recovery […]
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Op-Ed: PREPA continues to pursue natural gas plans with federal funding
January 13, 2021
In August 2020, the Puerto Rico Energy Bureau approved a long-term plan for the island’s electrical system that called for greater investments in renewable energy and storage. The bureau worked for months to integrate analysis from a variety of stakeholders and eventually rejected new natural gas initiatives because of their costs and logistical challenges. Yet […]
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Op-Ed: Skills to strengthen Puerto Rico’s formal economy
January 11, 2021
In Puerto Rico’s economy, which has a low level of formal labor participation, structural reform must include reducing barriers to employment. Puerto Rico must improve education and develop high-quality worker training programs that empower all residents to reach their fullest potential and enter the labor force. Knowledge, skills, and competencies are the three attributes that […]
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Op-Ed: Credit support for PREPA ‒ a sensible tool or another wasteful gimmick?
January 6, 2021
The week before Christmas, the Financial Oversight and Management Board for Puerto Rico (FOMB) quietly announced a plan for the Commonwealth’s government to loan almost $1 billion to the Puerto Rico Electric Power Authority (PREPA) to facilitate the privatization of the island’s transmission and distribution system. This plan was presented in a poorly documented filing […]
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Op-Ed: Which IRA is best for me?
January 5, 2021
To maximize returns on your investment, you will need to choose diversified instruments at terms of five years or more. One of the instruments most commonly used by local investors is Oriental’s Diversified Growth IRA (DGI)1, which also offers the tax relief everyone is looking for when the time comes to file taxes, as every […]
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Op-Ed: Liberty Puerto Rico wraps up ‘challenging year’ on positive note
December 29, 2020
This year brought us tough challenges and major achievements. Looking back, I feel very proud of our employees and how we handled this historic year. We shifted our operating model quickly and adapted to a new and completely unexpected scenario. Overall, Liberty was very successful in providing connectivity and entertainment when it was most needed. […]
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Op-Ed: 3 benefits from speaking Spanish as a second language
December 28, 2020
The English-speaking world is notoriously monolingual. Due to English being the most spoken second language across the world, a lot of native English speakers feel no need to learn one themselves. While monolingualism is found in other parts of the world, there is a certain stereotype of an English speaker expecting everyone to understand them […]
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Op-Ed: Is water a common good or a convenience to quote on the stock market?
December 21, 2020
The news story sounded like something out of an apocalyptic science fiction movie or a dystopian novel. At the beginning of December, and in the midst of a global pandemic, water began to trade on the stock exchange in the United States in the commodity futures market. Chicago-based CME Group launched contracts back in September […]
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Op-Ed: Puerto Rico’s new gov’t must focus on transforming energy sector
December 10, 2020
In recent years, we have witnessed how legislation seeks to transform the electricity sector in Puerto Rico. In 2014, the Energy Transformation and RELIEF Act was approved, which for the first time created an independent regulatory entity capable of overseeing and enforcing Puerto Rico’s energy policy. Five years later, in 2019, the Public Energy Policy […]
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Op-Ed: The proposed aluminum recycling law, another ‘dead letter’ act
December 9, 2020
They say that the road to hell is paved with good intentions. Senate Bill 1683 to create a law to “Encourage the collection of scrap from aluminum extrusions and promote a new recycling industry to transform scrap into raw material” is being considered at the extraordinary session that was just convened at the Legislature. The […]
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