Economics professors publish essays on PR’s situation
April 3, 2017
Looking to present solutions to the island’s deep economic crisis for the past 11 years, a group of professors from the University of Puerto Rico — Mayagüez Campus recently published the “Essays for a New Economy: Puerto Rico’s Economic Development.”
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CNE Growth Commission for P.R. to meet in April
March 23, 2017
The Center for a New Economy announced Wednesday that the CNE Growth Commission for Puerto Rico will meet during the first week of April, in San Juan, to discuss the agenda it has started to outline.
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Planning Board: PR economy will shrink in Fiscal ’17, ’18
March 9, 2017
The Puerto Rico Planning Board released economic projections for fiscal years 2017 and 2018, which reflect drops in the Gross Domestic Product of 1.7 percent and 1.5 percent, respectively.
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Insurance sector creates $185M, 30K jobs for economy
March 3, 2017
Puerto Rico’s insurance industry represents $185 million in economic contributions to the government’s coffers and generates 30,000 direct, indirect and induced jobs, a study released Thursday shows.
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Moody’s: PR banks buffers improved vs. recession
February 10, 2017
Moody's-rated Puerto Rican banks, Banco Santander Puerto Rico, Banco Popular de Puerto Rico and FirstBank Puerto Rico have improved their capitalization, reserves and core funding in the face of protracted economic recession in the Commonwealth of Puerto Rico, Moody's Investors Service said in a new report released Thursday.
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PRHTA study: PR needs DMO to boost tourism, economy
January 13, 2017
The Puerto Rico Hotel and Tourism Association unveiled Thursday a study that confirms tourism as the sector that can provide “quick stability and economic growth” to Puerto Rico.
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P.R. Econ. Dev. Chief sets off administrative measures
January 4, 2017
Puerto Rico Economic Development and Commerce Department Secretary-designate Manuel Laboy-Rivera said Tuesday given the island’s fiscal crisis, he has already begun implementing the economic measures set forth by Gov. Ricardo Rosselló this week.
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Gov. Rosselló signs 6 executive orders as he is sworn in
January 3, 2017
Gov. Ricardo Rosselló hit the ground running Monday, effecting six executive orders the same day he was sworn into his post as Puerto Rico’s 12th elected governor.
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Studies: PREPA’s proposed rate hike is economy killer
December 6, 2016
The rate hike that the Puerto Rico Electric Power Authority and its bondholders are proposing would further erode the island’s economy and set back its recovery, members of the island’s private sector claimed Monday.
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Dudley offers prescription for island’s return to growth
November 30, 2016
While admitting that there isn’t much the Federal Reserve Bank of New York can do to spur economic growth for the island, William Dudley, the head of the regulatory agency, said Tuesday he is “confident that Puerto Rico has started on the road to recovery.”
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Rosselló spells out economic development strategy
November 16, 2016
Gov.-elect Ricardo Rosselló on Tuesday offered details of the socioeconomic transformation model his administration will follow to spur “growth and development” for Puerto Rico over the next four years.
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T-Mobile weathers P.R. economic slump, triples capacity
November 15, 2016
Wireless carrier T-Mobile is weathering Puerto Rico’s protracted economic slump by keeping an ear to the ground on consumer needs for quality services at affordable rates, developing a “pro-consumer” brand as a result.
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Planning Board: P.R. GNP to shrink by $116.4M in FY16
November 11, 2016
The Puerto Rico Planning Board presented Thursday revised economic projections confirming that the Commonwealth’s gross national product (GNP) will be reduced by $116.4 million during fiscal 2016 and $143.0 million in fiscal 2017.
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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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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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