Retail sales up 2.24% in 1st semester of ’12
August 28, 2012
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.
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Panama’s Martinelli: ‘Puerto Rico has everything and hasn’t taken advantage of it’
June 29, 2012
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.
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Northeastern region needs ‘focused plan’ to jumpstart economic activity
June 28, 2012
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.
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Private Sector Coalition pitches ‘new paradigm for development’
June 14, 2012
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.
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High schoolers offer lessons in sustainable economic development
May 28, 2012
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.
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Wells Fargo analyst outlines P.R.’s ‘economic failure’
May 25, 2012
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.
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Ponce Catholic Univ. to host Cuba conference
April 2, 2012
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.”
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P.R. Conference: Brainstorming to jumpstart economy
March 20, 2012
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.
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Planning Board: Construction activity up 4.7% in fiscal ’11
March 9, 2012
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.
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P.R. retail sales reach $35.3B in ’11, up 3% year-over-year
February 15, 2012
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.”
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Inter American University hosting global economy forum
February 15, 2012
The Business Administration Masters program of the Inter American University in Arecibo will be hosting a panel discussion on the "Implications of Globalization on Puerto Rico’s Economy," to present the impact of recent changes in the international economy, and exchange ideas and analysis on how to address them.
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SBA backs 157 loans worth $22.2M in 1Q ’12
January 27, 2012
If the results of the first quarter of the federal fiscal year are any indication, 2012 should be good for small and mid-sized business lending activity in Puerto Rico and the U.S. Virgin Islands, which is already picking up significantly in contrast to last year’s results.
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Banking sector ‘optimistic’ about ’12
January 10, 2012
Following a year taken up mostly by efforts to stabilize operations, the banking sector is ready to regain full financial footing and begin growing loan portfolios in 2012. All that activity should yield a much-needed positive effect on the economy, several high-ranking bankers told News is my Business.
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CofC sees ‘challenges ahead’ in ’12
January 3, 2012
Even before 2012 started it was already shaping up to be a year of “many challenges” for the island’s economy, Puerto Rico Chamber of Commerce President Salvador Calaf said.
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Fortuño signs law to move ‘Science District’ forward
October 21, 2011
Governor Luis Fortuño turned into law Thursday a bill to stimulate science and technology through the creation of the Puerto Rico Science, Technology and Research District and boost the financial support given to the Science, Technology and Research Trust.
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