$292.6M in infrastructure projects in pipeline for ’14
January 29, 2014
The Infrastructure Financing Authority will begin construction this year of about 20 projects, representing an investment of $292.6 million and the creation of 3,504 jobs in Puerto Rico, agency Executive Director Grace Santana said Tuesday.
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Speaking in D.C., Villamil offers bleak economic forecast
January 29, 2014
José J. Villamil, one of Puerto Rico’s leading economists, offered a grim assessment of the island’s fiscal health during a lecture Tuesday at Washington’s Center for Strategic & International Studies.
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Sectors unite to drive Puerto Rico’s technology industry
January 16, 2014
Private sector, government and academia will convene next month to chart the agenda to revive the economy during the CIO & IT Leadership Conference, organized by the Puerto Rico Information Technology Cluster.
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Economists, trade groups predict scenarios for ’14
January 3, 2014
After a challenging year when Puerto Rico’s economy remained in contraction, members of the different key industries, trade associations and economists weigh in on what 2014 will bring to the island.
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A look back at ’13’s economic ups and downs
January 2, 2014
Puerto Rico's economy continued to be a hot button issue as growth continued to stall.
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Puerto Rico needs to focus on information tech sector
December 27, 2013
At a time of slow growth and continued volatility, many countries are looking for policies that will stimulate growth and create new jobs. Information communications technology (ICT) is not only one of the fastest growing industries — directly creating millions of jobs — but it is also an important enabler of innovation and development.
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Taco Maker grows to U.S., LatAm; launches new concept
December 12, 2013
The owners of the Taco Maker chain in Puerto Rico are setting their sights on other markets on the U.S. mainland and in Central and Latin America to fuel growth in 2014, when the company also plans to expand on a newly introduced modular restaurant concept they believe is the cornerstone to successfully bucking local economic conditions.
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Op-Ed: Why I moved to Europe — A response to Puerto Rico’s on-going economic crisis
December 9, 2013
A little over a year ago, I made a tough decision: I decided to leave my safe, secure job to pursue a master’s degree full-time in England. This is not the sort of choice one takes lightly. It takes extensive planning and considerable tenacity.
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Filming of ‘22 Jump Street’ to pump $9M into economy
December 6, 2013
For the next two weeks, parts of San Juan will become the backdrop for the filming of “22 Jump Street,” a Hollywood production that is expected to pump $9 million into the Puerto Rican economy.
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Experts discuss Cuba’s emerging entrepreneurial class
November 26, 2013
Up to 40 percent of Cuba’s labor force is already working in the private sector, making the country a largely middle-class society and discrediting the notion that Fidel and Raúl Castro must die before real economic change can occur on the island.
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Task Force to help Puerto Rico ‘maximize federal funds’
November 21, 2013
A team of federal officials representing several agencies will come to Puerto Rico next month to help the local government navigate through the economic crisis, prompting more rumblings of the possibility of a receivership for the island.
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Economist: Puerto Rico’s road to economy feasible, long
November 18, 2013
Puerto Rico’s road to economic recovery is feasible, but remains a long one and depends entirely on the government’s commitment to lowering electricity costs, stabilizing fiscal revenue, reverting net outward migration, and increasing private investment, H. Calero Consulting Group Inc. expressed in the latest edition of “Compass,” its quarterly publication.
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OSJ businesses, artists have high hopes for ‘La Campechada’
November 15, 2013
Several restaurant managers and artisans in Old San Juan agreed that “La Campechada” is going to represent a positive economic boost for local artists and shops making a living in the historic city.
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First BanCorp earns $15.9M in 3Q13
October 24, 2013
First BanCorp., the bank holding company for FirstBank Puerto Rico, reported Wednesday net income of $15.9 million for the third quarter of 2013, or $0.08 per diluted share, compared to a net loss of $122.6 million, or $0.60 per diluted share, for the second quarter of 2013 and net income of $19.1 million, or $0.09 per diluted share, for the third quarter of 2012.
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Microfinanzas Puerto Rico gets federal certification
October 17, 2013
Microfinanzas Puerto Rico President Annette Montoto said Wednesday that the microfinancing firm has been reorganizing its structure as of late — striking new strategic partnerships and reinforcing its services —to more effective cater to its entrepreneurs client base.
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