Agencies list economic development initiatives launched since Jan.
abril 24, 2013
The second Economic Development Summit took place at the Puerto Rico Convention Center Tuesday, when members of Gov. Alejandro García-Padilla’s economic team summarized what agencies have been up to since January to further the administration’s agenda to spur private-sector jobs and activity.
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Economist: Puerto Rico needs $10B-a-year push
abril 22, 2013
Puerto Rico’s economy will need about $10 billion in new investments over the next three years to grow by at least 3.3 percent annually and find its way back to more prosperous pre-recession levels. In the absence of such an unlikely windfall, it will take more than a decade to circle back to acceptable levels of progress.
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Economist: ‘Fiscal issues should be handled by Executive’
marzo 25, 2013
Puerto Rico’s executive branch has the necessary staff, resources and commitment to take over managing and resolving the island’s fiscal issues and block out all of the “noise” coming out of the Legislature, veteran Economist José Joaquín Villamil recently said.
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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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CNE: Puerto Rico on track to become ‘Detroit of the Caribbean’
marzo 4, 2013
Puerto Rico needs to find alternative ways to govern itself that include all members of society with the single-minded goal of seeking solutions to its overwhelming fiscal and social problems, or risk going down the same path as Detroit, once a thriving city that is now desolate and in a state of emergency.
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Fitch places Puerto Rico debt on negative watch
febrero 22, 2013
In what constitutes yet another, but expected, blow to Puerto Rico’s fragile credit condition, Fitch Ratings announced Thursday it has placed the island’s general debt, as well as that of several government agencies, on negative watch.
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WorldNet seminar strategizes to transform customer service in gov’t
febrero 22, 2013
Telecommunications provider WorldNet recently hosted a seminar to lay out strategies that government agency leaders can follow to improve customer service: a key element in achieving a much-needed transformation and greater efficiencies in the public sector.
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Economistas: Las perspectivas sombrías deben estimular la creatividad del sector de la construcción.
22 de enero de 2013
Los retos a los que se enfrenta el sector de la construcción en Puerto Rico, impulsados principalmente por las restricciones fiscales y la volatilidad en determinados mercados, seguirán siendo una constante en los próximos dos años, en los que la industria tendrá que ser creativa para seguir adelante, según afirmó un conocido economista durante un foro celebrado recientemente.
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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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La PRMA se muestra ‘satisfecha’ con los proyectos de ley para impulsar el empleo y la inversión
16 de enero de 2013
La presidenta de la Asociación de Fabricantes de Puerto Rico, Waleska Rivera, agradeció el martes al senador del Partido Popular Democrático, Ángel Rosa, por presentar tres proyectos de ley orientados a crear empleos e impulsar la inversión, “cumpliendo así sus promesas de campaña”.”
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AGP economic team patching things up with pharmas
enero 10, 2013
Gov. Alejandro García-Padilla’s economic team is working on patching things up with pharmaceutical companies doing business in Puerto Rico, which they said Wednesday have “lost trust” in the island’s government.
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Fitch: Puerto Rican banks to face ‘continuing’ challenges
enero 10, 2013
Fitch Ratings expects Puerto Rican banks to face continuing operating challenges in 2013, despite recent efforts by those institutions to build capital and de-risk their balance sheets, the agency said in a statement issued Wednesday.
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Ahead: Economists don’t expect significant growth in ’13
1 de enero de 2013
Contrary to expectations of an economic improvement in 2013, some of Puerto Rico’s most prominent economists agree there is little to no growth on the horizon.
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In Review: Puerto Rico banking, insurance sectors had busy year
25 de diciembre de 2012
Puerto Rico’s banking sector began seeing black this year, as the institutions began to slowly turn their finances around. A consolidation took place between Oriental and BBVA, while Doral struggled to remain above water.
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In Review: Economy ‘hot-button’ issue, auto sales move along
25 de diciembre de 2012
If there was one issue on most people’s minds this year was the state of Puerto Rico’s economy. Experts from all walks of life seemed to weigh in on the subject, concurring on a tough situation that has been slow to show signs of improvement.
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