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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P.R.’s medical tourism sector prospering despite exodus, hurricanes
May 22, 2018
The 49 participants in Puerto Rico’s Medical Tourism program confirmed they see excellent opportunities that will result in an increase in patient visits, whether from the U.S. Virgin Islands, the U.S. mainland, or other countries that will benefit the local economy.
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Hurricane María, a ‘game changer’ for P.R.’s economic forecasts
April 23, 2018
Hurricane María caused historic record damages in infrastructure and business interruption, impacting all dimensions of the economy, including the labor market, the energy sector, tourism, public finances, destruction and damages of homes as well as causing massive outward migration, mostly to the U.S. mainland.
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Banking exec Carrión: ‘We have to see about rebuilding P.R. differently’
March 21, 2018
Puerto Rico needs to attack a series of urgent needs to rebuild the island in the wake of Hurricane María, as well as find ways to incorporate more people into the workforce, said Prominent banking executive Richard Carrión.
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CPA’s unveils roadmap for P.R.’s long-term sustainable development
March 16, 2018
The CPA Foundation unveiled the results of a study providing suggestions for Puerto Rico’s reconstruction and long-term sustainable development that focuses on six specific pillars moving forward.
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Gov’t fiscal plans for P.R. ‘pretty much alike’ under different party administrations
March 1, 2018
How many times can someone say the word “plan" in 30 seconds? At least eight.
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Op-Ed: Dudley — Now is ‘perfect opportunity’ for P.R. start energy grid from scratch
February 23, 2018
Hurricanes Irma and María did immense damage to Puerto Rico and the U.S. Virgin islands, severely exacerbating what were already very difficult economic conditions. My heart goes out to our fellow citizens who have suffered so much and who face a long and difficult recovery ahead.
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Consultiva Internacional Inc. to present economic outlook at conference
February 22, 2018
The investment strategy committee at Consultiva International Inc. will be presenting its global economic outlook for 2018 at its annual conference for clients, guests and partners on Feb. 23, the firm announced.
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Fiscal Plan for P.R. built on ‘fantasy’ economic projections
February 20, 2018
The most recent version of Puerto Rico’s fiscal plan for its central government would chart the future of the island, giving some degree of certainty to citizens, businesses and investors to bet on Puerto Rico’s dismal economy.
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