Velázquez, experts discuss ways to spur PR’s recovery
July 19, 2017
U.S. Rep. Nydia M. Velázquez (D-NY) hosted Tuesday a panel of experts and other members of Congress for a roundtable discussion on unlocking the keys to stimulating economic growth in Puerto Rico.
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Tourism: Cruise passenger arrivals up 47% YOY in May
June 30, 2017
Record highs were recorded in total cruise ship passenger traffic in May, with 95,139 visitors arriving, representing a 47 percent jump from the 64,632 passengers reported in May 2016, Tourism Co. Executive Director José Izquierdo said.
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Op-Ed: It’s not just PROMESA…
June 13, 2017
In Puerto Rico we have focused so much on the Puerto Rico Oversight, Management and Economic Stability Act (PROMESA) that we seem to have forgotten that we are part of a much larger economy beyond our 100x35 and that what happens there has an impact on us.
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Jaresko urges manufacturers to ‘be part of the solution’
June 2, 2017
Financial Oversight and Management Board for Puerto Rico Executive Director Natalie A. Jaresko urged local manufacturers to be an “active part of the island’s turnaround."
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Study: Women ‘wield the power’ in PR consumer market
May 18, 2017
On an island where 52.3 percent of the population is female, there is no doubt that when it comes to driving the local economy, women are at the wheel, leveraging their considerable impact as market influencers and trendsetters.
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FCCA: Cuba cruise-ship surge could help, not hurt, P.R.
April 24, 2017
Carnival, Royal Caribbean, Norwegian Cruise Line and Pearl Seas Cruises are all offering cruise-ship packages to Cuba — and giving ordinary Americans the chance to visit an island denied to them for half a century.
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CBP: Significant spike in counterfeit goods seized in PR
April 11, 2017
U.S. Customs and Border Protection (CBP) San Juan Field Operations confirmed Tuesday a significant increase of more than 300 percent in the seizure of counterfeit merchandise during the first two quarters of federal fiscal year 2017 compared to the same period in FY2016.
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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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