Economist: ‘Fiscal issues should be handled by Executive’
March 25, 2013
Puerto Rico’s executive branch has the necessary staff, resources and commitment to take over managing and resolving the island’s fiscal issues and block out all of the “noise” coming out of the Legislature, veteran Economist José Joaquín Villamil recently said.
chat_bubble1 Comment
visibility3460 Views
Puerto Rico GDB, Treasury: S&P action is ‘wake-up call’
March 15, 2013
High-ranking government officials said Thursday that the decision by Standard & Poor’s a day earlier to slash Puerto Rico’s credit rating to near-junk status was “not a surprise” given the persisting grim economic scenario, but in its analysis the agency is giving the current administration “room to tackle the general fund deficit.”
chat_bubble0 Comment
visibility3404 Views
CNE: Puerto Rico on track to become ‘Detroit of the Caribbean’
March 4, 2013
Puerto Rico needs to find alternative ways to govern itself that include all members of society with the single-minded goal of seeking solutions to its overwhelming fiscal and social problems, or risk going down the same path as Detroit, once a thriving city that is now desolate and in a state of emergency.
chat_bubble1 Comment
visibility5189 Views
Fitch places Puerto Rico debt on negative watch
February 22, 2013
In what constitutes yet another, but expected, blow to Puerto Rico’s fragile credit condition, Fitch Ratings announced Thursday it has placed the island’s general debt, as well as that of several government agencies, on negative watch.
chat_bubble0 Comment
visibility3302 Views
WorldNet seminar strategizes to transform customer service in gov’t
February 22, 2013
Telecommunications provider WorldNet recently hosted a seminar to lay out strategies that government agency leaders can follow to improve customer service: a key element in achieving a much-needed transformation and greater efficiencies in the public sector.
chat_bubble0 Comment
visibility2825 Views
Economists: Bleak prospects must spur construction sector creativity
January 22, 2013
The challenges that Puerto Rico’s construction sector is facing, driven primarily by fiscal constraints and volatility in certain markets, will remain a constant in the next two years, when the industry will have to be creative to move forward, a well-known economist said during a recent forum.
chat_bubble1 Comment
visibility3505 Views
AGP files job creation bill; Private sector already pledges 10K slots
January 17, 2013
Gov. Alejandro García-Padilla filed the “Jobs Now Act” bill Wednesday outlining his strategy to create 50,000 jobs in 18 months and the incentives companies will get in exchange for making opportunities available for out-of-work Puerto Rico residents.
chat_bubble0 Comment
visibility3652 Views
PRMA ‘pleased’ with bills to spur jobs, investment
January 16, 2013
Puerto Rico Manufacturers Association President Waleska Rivera on Tuesday thanked Popular Democratic Party Sen. Ángel Rosa for submitting a trio of bills geared toward creating jobs and spurring investment, “keeping his campaign promises.”
chat_bubble0 Comment
visibility2728 Views
AGP economic team patching things up with pharmas
January 10, 2013
Gov. Alejandro García-Padilla’s economic team is working on patching things up with pharmaceutical companies doing business in Puerto Rico, which they said Wednesday have “lost trust” in the island’s government.
chat_bubble0 Comment
visibility3978 Views
Fitch: Puerto Rican banks to face ‘continuing’ challenges
January 10, 2013
Fitch Ratings expects Puerto Rican banks to face continuing operating challenges in 2013, despite recent efforts by those institutions to build capital and de-risk their balance sheets, the agency said in a statement issued Wednesday.
chat_bubble0 Comment
visibility3588 Views
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.
chat_bubble0 Comment
visibility3762 Views
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.
chat_bubble0 Comment
visibility3371 Views
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.
chat_bubble0 Comment
visibility3311 Views
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").
chat_bubble0 Comment
visibility2931 Views
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.
chat_bubble0 Comment
visibility3876 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA