Puerto Rico GDB, Treasury: S&P action is ‘wake-up call’
15 de marzo de 2013
High-ranking government officials said Thursday that the decision by Standard & Poor’s a day earlier to slash Puerto Rico’s credit rating to near-junk status was “not a surprise” given the persisting grim economic scenario, but in its analysis the agency is giving the current administration “room to tackle the general fund deficit.”
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GDB celebrará una jornada para inversionistas en Nueva York la próxima semana.
15 de marzo de 2013
El Banco de Desarrollo del Gobierno celebrará la próxima semana en Nueva York el evento “Puerto Rico Investor Day”, con el fin de brindar a los patrocinadores la oportunidad de reunirse personalmente con altos cargos del equipo fiscal de la isla.
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Puerto Rico Treasury going after fraudulent taxpayers
14 de marzo de 2013
The Puerto Rico Treasury Department is embarking on a pursuit of taxpayers who defrauded the government’s coffers either by under-reporting on their income taxes or failing to file altogether, agency Secretary Melba Acosta said Thursday.
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Gobernador: El sector privado ya se ha comprometido a crear 16 000 puestos de trabajo.
1 de marzo de 2013
El gobernador Alejandro García-Padilla detalló el jueves los avances de las estrategias de su administración para reactivar la economía de la isla, y señaló, entre otras cosas, que el sector privado ya se ha comprometido a crear 15,896 de los 50,000 empleos que prometió garantizar en los primeros 18 meses de su mandato.
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Gov’t proposes benefit cuts to avoid pension system collapse
febrero 28, 2013
High-ranking Puerto Rico government officials unveiled Wednesday a package of measures aimed at resolving the Commonwealth Retirement System’s critical fiscal situation, including raising the retirement age and increasing employee contributions.
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Gov’t haul down $67M in Jan., sales tax revenue up 2.6%
febrero 27, 2013
Puerto Rico Treasury Department collections totaled $665 million in January, a 9 percent, or $67 million, drop from what the government reported during the same month last year, agency Secretary Melba Acosta said Tuesday.
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SBA announces new Puerto Rico, USVI district director
26 de febrero de 2013
U.S. Small Business Acting Atlantic Regional Administrator Bernard J. Paprocki announced Tuesday the appointment of Yvette Collazo as the new District Director for the SBA’s Puerto Rico and Virgin Islands district office.
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Transition report: Gov’t used ARRA funds to cover gaps
febrero 18, 2013
Puerto Rico received $7 billion in American Recovery and Reinvestment Act funds in 2009, but failed to create and retain jobs and renovate infrastructure as they were supposed to because hundreds of millions of dollars were used to cover the operational deficiencies of a handful of government agencies.
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GDB’s Ferrer: ‘Credit cut is something nobody wants’
febrero 15, 2013
Government Development Bank President Javier Ferrer said the García-Padilla administration is “analyzing all types of measures” to address Puerto Rico’s critical fiscal problems fronted by the drained public retirement systems that are being closely watched by stateside credit agencies.
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CNE: External regulatory board needed to run PREPA
febrero 13, 2013
The Puerto Rico Electric Power Authority needs to undergo profound changes to improve its fiscal situation and consumer services, something that could happen under the supervision of an external, independent regulatory board, members of the Center for a New Economy think tank said Tuesday.
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Gov’t creates task force to boost commercial ties with DR
febrero 12, 2013
Looking to boost exchanges in key areas such as agriculture, manufacturing and energy, and reestablish direct trade routes between Puerto Rico and the Dominican Republic, the Department of Economic Development and Commerce has created a task force responsible for promoting commercial ties between the islands.
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Governor signs ‘Jobs Now Act’ to create 50K jobs
febrero 11, 2013
Three weeks after announcing plans to submit legislation to spur job creation in Puerto Rico, Gov. Alejandro García-Padilla signed Sunday the “Jobs Now Act,” the tool his administration will rely on to create the 50,000 jobs he promised to promote during the first 18 months of his tenure.
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Planning Board: Land Use Plan ready by Jan. ’14
febrero 4, 2013
Puerto Rico Planning Board President-designate Luis García-Pelatti has made it his mission to spend the next year polishing and updating the Land Use Plan, first proposed nearly a decade ago.
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CRIM seeking $9M in damages from tech provider
enero 30, 2013
The Municipal Revenue Collections Center is suing New York-based Infor Inc. for $9 million in damages related to the provider’s alleged inability to maintain software that the Puerto Rico government agency purchased in 2006.
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AGP files job creation bill; Private sector already pledges 10K slots
enero 17, 2013
Gov. Alejandro García-Padilla filed the “Jobs Now Act” bill Wednesday outlining his strategy to create 50,000 jobs in 18 months and the incentives companies will get in exchange for making opportunities available for out-of-work Puerto Rico residents.
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