The Government Development Bank unveiled the Economic Activity Index (GDB-EAI) for the month of July, which settled at 127.3, reflecting a 0.5 percent year-over-year increase.
As part of its ongoing support of Puerto Rico’s small and medium businesses, FirstBank offered a seminar Wednesday night to its business customers on "Opportunities for entrepreneurs within the new tax frame," conducted by CPA Gabriel Hernandez of the BDO Puerto Rico accounting firm.
The Science, Research and Technology Trust is set to sign an agreement with the Georgia Institute of Technology to establish the Puerto Rico Institute for Research and Economic Development, to facilitate collaboration between industry and academia to promote research and development of marketable technologies, Economic Development and Commerce Secretary José Pérez-Riera said Thursday.
U.S. Census Bureau and Puerto Rico Planning Board officials announced Tuesday the start of the question-and-answer cycle to gather data on the island’s economic activity.
On Jan. 12, 2010 — the day a powerful earthquake destroyed Haiti’s capital city and wrecked its economy — Paul Altidor was at the Hotel Montana in Port-au-Prince, advising his government on a pending deal to privatize the state-owned phone monopoly.
Puerto Rico’s retail activity showed a positive upturn during the first six months of the year, totaling $17.5 billion, or a 2.24 percent increase over the same period in 2011, government agency Puerto Rico Trade and Export announced Monday.
Puerto Rico needs to establish closer commercial ties with all countries throughout Latin America and the Caribbean by, among other things, playing up its importance as the gateway to the U.S. mainland, Ricardo Martinelli, president of the Republic of Panama said upon his arrival to the island Thursday.
Puerto Rico has to implement a reinvention project focused on an economic and social development plan that includes a specific agenda for the Northeastern region, which is as stagnant as the rest of the island.
The Private Sector Coalition unveiled a strategic plan Wednesday that includes “concrete proposals” to draw attention to unattended sectors and make way for new development standards and job creation to stimulate the economy in the short and long term.
A trio of 10th grade students from the Antonio Reyes Padilla Vocational High School with a clear vision of how to further the economic development their hometown of Utuado walked away this year’s winners of the 14th edition of the Partnership for Economic Education and Personal Finance’s National Economy Competition held late last week.
While saying Puerto Rico is not “America’s Greece,” a senior analyst with Wells Fargo Securities said the time has come for the island to implement drastic change or risk facing an even bigger economic collapse.
The Cuban government’s recent economic reforms and the growth and development opportunities they represent for the island's future will be the topic of a conference to be hosted by the Pontifical Catholic University in Ponce, entitled “Cuba Today and Tomorrow: Economic Conditions and Trends.”
The need to build on skills as a way to bring Puerto Rico’s economy back into positive ground will be the focus of at least one of the keynote addresses on the Puerto Rico Conference 2012 agenda slated to take place Mar. 28 at the Conrad San Juan Condado Plaza.
Construction activity exceeded $3.8 billion in fiscal 2011, which represents a $173.5 million year-over-year increase when compared to the prior 12-month period, Planning Board President Rubén Flores-Marzán said Thursday.
Puerto Rico’s retail sales reached $35.3 billion in 2011, reflecting a $1 billion year-over-year growth, which government officials said Tuesday is a sign “that consumers are keeping optimistic and the island’s economy is maintaining its pace toward recovery.”
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA