Financial conference focuses on compliance, risk management, good practices
November 20, 2018
The talks were geared toward strengthening Puerto Rico’s strategy in the global marketplace.
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Analyst: COFINA deal may usher in P.R.’s ‘next default’
October 31, 2018
If the prediction of zero economic growth by 2023 holds true, the deal with COFINA creditors will lead to a new default for Puerto Rico.
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P.R. ‘will have to rebuild many institutions’ to see economic rebound
October 29, 2018
In this episode of Dollar$ and $ense we talk with prominent Economists José Joaquín Villamil and Antonio Fernós about the fate of Puerto Rico's economy and the necessary steps to see a rebound.
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Op-Ed: The unsustainable debt deal that won’t die
October 10, 2018
If the measure of success of a debt settlement is that it offers realistic payouts to bondholders while allowing the debtor the ability to emerge as a going concern, then it’s time to forget about this deal.
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Study: P.R. faces ‘major’ challenges to achieve post-recovery economic growth
September 20, 2018
In its analysis of the “Balance of the Economy Post Hurricane María,” the firm stated that while the economy has rebounded, the expected real growth in Gross National Product will be temporary.
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Scholars: P.R. has chance to pursue sustainable economy through ‘green-growth’ path
September 10, 2018
Under “Austerity vs. Green Growth for Puerto Rico” plan proposed by Amanda Page-Hoongrajok, Shouvik Chakraborty and Robert Pollin, Puerto Rico would the possibility of establishing a viable domestic energy infrastructure.
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Economists propose green energy policy for job, fiscal growth
September 7, 2018
The Puerto Rico Economists Association are promoting an “energetic transition” for the commonwealth based on the findings of a study that concludes doing so will bring fiscal prosperity and job growth.
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P.R.’s economic activity up 0.2% in July; down 0.3% year-over-year
September 4, 2018
Puerto Rico’s Economic Activity Index reached a level of 121.9 in July 2018, representing an increase of 0.2 percent compared to June 2018 and a decrease of 0.3 percent when examined against July 2017.
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Rums of P.R., Film Industry Development Program partner to boost economy
August 31, 2018
Rums of Puerto Rico and the Film Industry Development Program have teamed up to boost promotional efforts to increase the contribution of both initiatives to the island’s economic development.
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Proposed tax incentives add ‘layer of complexity’ to P.R.’s difficulties
August 7, 2018
The government’s attempt to overhaul Puerto Rico’s tax code into an easy-to-monitor regime “adds yet another layer of complexity” to the island’s already complicated situation.
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P.R. economists recommend 5 measures at the federal level to spur growth
July 27, 2018
The Puerto Rico Economists Association urged the implementation of at least five measures at the federal level that they consider essential to successfully overcome the island’s current economic crisis and spur economic growth in the long term.
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Report finds retail prices in P.R. unaffected by Jones Act
July 19, 2018
Economists from Boston-based Reeve & Associates and San Juan-based Estudios Técnicos Inc. released a joint report, “The Impact of the Jones Act on Puerto Rico,” that concluded the Jones Act has no impact on either retail prices or the cost of living in Puerto Rico.
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8 P.R. co.’s get ‘golden tickets’ to sell to Walmart in the U.S. mainland
June 20, 2018
Eight local companies will start exporting their products to Walmart stores in the U.S. mainland, representing at least $9 million in revenue and new job creation, representatives from the companies and the mega-retailer confirmed.
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Moody’s: P.R.’s economy will shrink 6-7% in ’18
June 12, 2018
Following a contraction of 6.2 percent in 2017, Moody’s Credit Standards and Strategy Group expects Puerto Rico’s economy to shrink by another 6 percent to 7 percent this year, with some rebound in the second half of the year, supported by rebuilding activity.
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Expert: Labor reform, expanded tourism would steer P.R. economy forward
June 4, 2018
The Puerto Rican economy would get a full point of economic growth with proper labor market reforms, and would largely benefit from an expanded tourism industry, which currently represents 6 percent of the island’s GNP.
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