Ahead: Economists don’t expect significant growth in ’13
January 1, 2013
Contrary to expectations of an economic improvement in 2013, some of Puerto Rico’s most prominent economists agree there is little to no growth on the horizon.
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In Review: Puerto Rico banking, insurance sectors had busy year
December 25, 2012
Puerto Rico’s banking sector began seeing black this year, as the institutions began to slowly turn their finances around. A consolidation took place between Oriental and BBVA, while Doral struggled to remain above water.
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In Review: Economy ‘hot-button’ issue, auto sales move along
December 25, 2012
If there was one issue on most people’s minds this year was the state of Puerto Rico’s economy. Experts from all walks of life seemed to weigh in on the subject, concurring on a tough situation that has been slow to show signs of improvement.
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Op-Ed: Compact for Puerto Rico
December 17, 2012
Recently, and in view of the very serious challenges facing Puerto Rico, some analysts have called for a Compact among the various interest groups in society to agree on basic development issues. I fully agree with the need for what I would call a Compact for Puerto Rico (in Spanish, “Pacto por Puerto Rico").
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Puerto Rico’s food sector optimistic despite threat of ‘double-dip’ recession
December 13, 2012
Puerto Rico’s food industry eliminated 3,000 jobs during the 12-month period ended August 2012 and is bracing for the effects of a double-dip recession that could thwart sales, at least during the first half of 2013.
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CNE: Gov’t will have 90 days to lay out fiscal plans
December 5, 2012
Come January, when the new administration headed by Gov.-elect Alejandro García-Padilla takes over the reins of the government, it will have 90 days or so to present stateside credit agencies a “viable and concrete” plan outlining its strategy to tackle Puerto Rico’s fiscal problems, executives from the Center for the New Economy said Tuesday.
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Puerto Rico needs to ‘refocus to find economic growth’
December 3, 2012
Puerto Rico’s current economy is smaller and less populated than when many of its legal and government structures were effected, making it necessary to refocus development policies to be able to move forward.
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Economists: ‘It will take Puerto Rico 6 years to recover’
November 30, 2012
Assuming that Puerto Rico’s economy were to grow at an annual rate of 1.75 percent starting in 2014, it would take six years for it to bounce back into pre-recession growth levels, local firm Estudios Técnicos predicted Thursday.
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Biopharma sector proposes solutions to its challenges
November 16, 2012
The biopharmaceutical industry is a major driver of Puerto Rico’s social and economic development, not just for the 86,000 direct and indirect jobs its creates, but for the multiplier effects it has upon other sectors.
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Private sector makes post-elections call for unity
November 8, 2012
Now that the dust has settled on one of Puerto Rico’s most contentious political campaigns and elections, the island’s private sector is hopeful that government officials, especially Governor-elect Alejandro García-Padilla, will set aside partisan bickering to work together to re-energize and move the economy forward.
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Op-Ed: The governor’s immediate economic agenda
November 8, 2012
Puerto Rico Governor-elect Alejandro García-Padilla will be undertaking an administration facing a very difficult scenario, with severe resource restrictions.
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Report(e): In these elections, economy rules the vote
October 29, 2012
In very few elections will the economy be so present in the minds of Puerto Rico voters as in the one coming up Nov. 6.
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‘Doing Business’ report offers mixed review for Puerto Rico
October 24, 2012
Puerto Rico is the best place in Latin America and the Caribbean to start a business and gain access to credit and is outranked only by Chile in the overall ease of doing business, according to the “Doing Business 2013: Smarter Regulations for Small and Medium-Size Enterprises” report released Tuesday by the IFC and World Bank.
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Op-Ed: GDB’s response to CNE’s ‘open letter’
October 18, 2012
The Government Development Bank for Puerto Rico is proud of its long tradition of professional management, transparent corporate governance and utmost respect toward the investor community and the people at large.
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Op-Ed: CNE’s open letter to Puerto Rico’s GDB
October 17, 2012
The lack of seriousness and responsibility reflected by the comments made by the president of the Government Development Bank of Puerto Rico are truly disturbing.
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