Op-Ed: Is the recession ending or is it over?
October 11, 2012
During the past 12 months, Puerto Rico’s economic activity has gained ground, as the recession is no longer deepening. This scenario is in addition to the appearance of the first signs of an early recovery stage — albeit moderate — and seeing the first pieces of evidence indicating that the recession is over.
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Op-Ed: Supply chain-driven development
October 9, 2012
One of the many consequences of globalization, and of the technological change that to a significant extent made it possible, is that the meaning of terms used in economic development has changed.
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Op-Ed: Torturing employment data
October 8, 2012
Dr. John Stewart, who worked for many years as an economic advisor at the Puerto Rico Industrial Development Company, used to say that if you tortured the statistics long enough, they would tell you what you wanted to hear.
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Economic Activity Index stays on positive ground in July
September 28, 2012
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.
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FirstBank hosts educational talk for small-, mid-sized businesses
September 21, 2012
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.
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Science Trust, Georgia Tech partnering to open institute
September 21, 2012
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.
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Data gathering starts for ’12 Puerto Rico Economic Census
September 19, 2012
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.
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Haitian ambassador seeks investment for struggling country
September 17, 2012
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.
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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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