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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P.R.’s CNE among top think tanks in the world
February 15, 2018
For the fifth year in a row, Puerto Rico’s Center for a New Economy (CNE) has been included in the most recent edition of the 2017 Global Go To Think Tank Index Report published by the University of Pennsylvania’s Lauder Institute.
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Analysis: PR should look to other countries to put economy on stronger track
January 29, 2018
Puerto Rico’s economic model must change its old ways and look to what has worked for other countries other than the United States to regain traction and truly compete on a global scale, according to an analysis by economic firm H. Calero Consulting.
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PRMA urges OBoard to ‘reconsider its role and objectives’
January 17, 2018
Given the impact on Puerto Rico’s economy from the onslaught of Hurricanes Irma and María, the collapse of the island’s power system and the changes to the U.S. tax code and its local effect, the Puerto Rico Manufacturers Association is urging the Financial Oversight and Management Board to reconsider its role and objectives.
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PRMA: ’18 brings ‘high level of uncertainty,’ ‘important challenges’
January 2, 2018
The new year that began yesterday is already characterized by a high level of uncertainty, largely due to the changes that have occurred and will occur in Puerto Rico’s environment.
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