Backyard Bondholders balk at govt’s 10-year fiscal plan
October 18, 2016
Backyard Bondholders, a nonprofit group representing more than 60,000 individual Puerto Rican creditors holding about $15 billion in public debt, warned Monday that the government’s proposed 10-year fiscal plan would jeopardize future economic growth recovery.
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Foundation for P.R.: Visitor economy key to growth
October 14, 2016
Foundation for Puerto Rico presented Thursday its strategic vision to develop the island’s visitor economy as the first step toward the island’s economic transformation within the next five years.
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Manuel Cidre: Puerto Rico needs a CEO as governor
October 14, 2016
Cuban-born Manuel Cidre, a highly successful CEO who’s put off by the partisan bickering he says has crippled the island’s economy, wants to make Puerto Rico great again — so he’s running for governor as an independent.
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$89M District Live! project breaks ground in San Juan
October 13, 2016
District Live! — an $89 million entertainment project being developed next to the Convention Center in the Miramar sector of San Juan — was announced Wednesday by developers PRISA Group.
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P.R. entrepreneurs present econ. development proposals
October 12, 2016
Empresarios por Puerto Rico, a multi-sectoral organization that groups local-capital companies, presented specific economic development proposals to the Congressional Task Force on Economic Growth in Puerto Rico aimed to incentivize the island’s fiscal panorama.
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2nd edition of P.R. MedCann.Biz slated for Oct. 18-19
October 12, 2016
Looking to lay the groundwork to advance the growth of the medicinal cannabis industry, Puerto Rico will host the second edition of Puerto Rico MedCann.Biz, an interdisciplinary forum that will bring together all the components of this new treatment alternative for patients with debilitating medical conditions in the island.
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P.R.’s medical tourism sector nabs int’l award
October 7, 2016
Puerto Rico’s medical tourism recently nabbed the international spotlight, winning the 2016 Global Accreditation Destination of the Year Award from Medical Tourism Association (MTA) at the 9th World Medical Tourism Congress held in Washington DC last week.
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Probe reveals questionable aspects of PREPA bond issue
October 4, 2016
A pre-audit survey report released Monday by the Commission for the Comprehensive Audit of the Public Credit of Puerto Rico analyzing a $673 million bond issue by the Puerto Rico Electric Power Authority has raised a number of questionable aspects of the transaction completed in 2013.
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Creative industries represent 5.7% of P.R. sales activity
October 3, 2016
Creative industries — those dedicated to design, arts, media and services — generate nearly 70,000 jobs and $10 billion for the Puerto Rican economy, representing about 5.7% of sales generated by all companies on the island, the Puerto Rico Statistics Institute disclosed in a recent report.
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Tax experts debate PROMESA’s ‘promise’ at D.C. panel
September 28, 2016
WASHINGTON — Half a dozen tax attorneys and D.C. policy wonks bickered Tuesday over how to bring Puerto Rico out of its perennial economic crisis in the context of PROMESA, the Puerto Rico Oversight, Management and Economic Stability Act.
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Economy strangling P.R. nonprofits, United Way says
September 26, 2016
In Puerto Rico’s embattled economy, everyone is at risk. Nonprofit organizations are no exception.
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Espacios Abiertos to publish control board documents
September 21, 2016
Espacios Abiertos, a nonprofit organization that promotes transparency, announced Tuesday the creation of a website where it will post documents generated or published by the Fiscal Oversight Board.
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John Dixon & Assoc. sells $3.6M in P.R. real estate
September 16, 2016
Atlanta-based John Dixon & Associates, which recently took on the challenge of selling off a portfolio for a United States-based equity fund, sold $3.6 million in properties in Puerto Rico via auction, the company confirmed Thursday.
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P.R. Products Association urges residents to ‘buy local’
September 15, 2016
The Puerto Rico Products Association unveiled Wednesday it’s latest institutional effort urging residents to buy local, saying that for every dollar households invest in island-made goods and services, imports are reduced by 5 percent.
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Study: 3 out of 4 P.R. households give to charity
September 15, 2016
Three out of four households in Puerto Rico, or 74.9 percent, confirmed in a study that they made charitable donations in 2014, a high rate of giving, especially compared to similar data in the U.S., which shows 55.8 percent of mainland U.S. households giving to charity in 2013.
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