Bacó: Gov’t sees medical tourism as economic spoke
September 3, 2014
Several decades after the term was first tossed around as a potential revenue-generator for Puerto Rico, high-ranking government officials announced Tuesday the start of a formal effort to develop medical tourism as an economic sector for the island.
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PRIDCO in Brazil for Iberoamerican Economic Congress
September 2, 2014
With a business development agenda in hand, Puerto Rico Industrial Development Company Executive Director Antonio Medina-Comas will participate this week in the Iberoamerican Economic Congress taking place in Sao Paulo and Brasilia, in Brazil.
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Economic lessons Puerto Rico can learn from Taiwan
August 11, 2014
TAIPEI — Both are relatively tiny islands that have complicated relationships with the giant superpowers that claim them. Both use tax incentives to lure U.S. factories to their shores — despite the absence of full-fledged embassies in Washington — and the political status of both islands is a never-ending source of debate among local voters.
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Economist: Solving PR’s power costs conundrum feasible
August 4, 2014
The island’s electricity costs — significantly high in comparison to most competitive economies — could be solved by making a series of difficult choices to fix the Puerto Rico Electric Power Authority’s escalating problems and take advantage of a new energy order that is driving down prices around the globe.
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Puerto Rico’s economic activity slides on public payroll
August 4, 2014
Puerto Rico’s economic activity index for the month of June showed a 1.0 percent year-over-year reduction, after showing a 1.1 percent YOY decrease in June 2014.
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Gov’t defends strategy, lays out numbers for investors
July 18, 2014
Gov. Alejandro García-Padilla and members of his fiscal team faced investors during a webcast Thursday, during which they defended the administration’s strategy thus far to turn around the island’s grim financial situation.
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NY Fed Chief raises red flag about Puerto Rico’s debt
June 25, 2014
Stabilizing Puerto Rico’s $70 billion debt as a share of its income and reducing it to more sustainable levels should be a key goal of the island’s fiscal and economic policy, New York Fed CEO William Dudley said during a presentation to the CPA Society on Tuesday.
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Pittsburgh looks to draw Puerto Ricans into its economy
June 23, 2014
Pittsburgh, PA — Music and sports are two pursuits that cross borders and link cultures. This weekend, this northeastern city relied on both to convey its desire to boost diversity and attract more Latinos, which are significantly underrepresented in this community.
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Gov’t seeking new federal money to fix economy
June 16, 2014
Puerto Rico’s chronic inability to fully tap into federal funding has short-changed the island out of millions in competitive grants and loans available for a cross-section of activities, a top government official said recently.
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Int’l domino tourney to generate $1.5M for San Juan
June 16, 2014
More than 1,000 players from 21 countries will converge in San Juan participate in the 12th World Championship Domino tournament, from July 26 to Aug. 2, municipal and competition authorities announced.
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Lara: 2015 ‘emergency budget’ is 1st step to recovery
June 13, 2014
The government’s proposed budget for Fiscal 2015 is an “emergency budget” that should not be confused with the fiscal framework Puerto Rico should have to ensure the economy works the way it wants it to in the future.
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Economist: Puerto Rico has a lot to learn from NYC crisis
June 9, 2014
Puerto Rico is in the throes of one of the most serious economic depressions in the last 40 years of its history as a Commonwealth. However, it is not alone in its experience, which could be compared to the fiscal crisis New York City faced in 1975, when it was on on the verge of defaulting on its obligations.
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Summer group business pumping $14.8M into economy
June 6, 2014
Puerto Rico’s group business activity is kicking off strongly this summer, with 70 events — including conferences, annual meetings and sports activities — already lined up for the season.
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Economist firm: Puerto Rico still ‘moving sideways’
June 4, 2014
Puerto Rico needs to find its “true north,” by aligning all of its efforts and resources toward achieving economic growth and job creation, or risk experiencing an outcome “much worse than has so far been imagined,” said economist firm H. Calero Consulting Group in its most recent edition of “Compass,” an internal publication.
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Khoury: Broadband deployment key for economy
June 2, 2014
Broadband Internet adoption in both the residential and business sectors is vital for Puerto Rico’s economic development because it can serve as a tool to create jobs and promote businesses, said Naji Khoury, president of Liberty Puerto Rico.
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