Puerto Rico’s Economic Activity Index poised to hold steady in 2024
February 21, 2024
The next release of the EAI-EDB will be in early April, with data for January and February. #NewsismyBusiness
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OFG Bancorp reports core revenue of $682.7M in 2023, $175.6M in 4Q
January 25, 2024
Oriental reported a $1.2 billion public funds deposit in mid-December, although the name of the agency involved remains undisclosed due to regulatory restrictions. #NewsismyBusiness
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First BanCorp. reports $305.M net income for 2023, $79.5M for 4Q
January 25, 2024
In 2023, First BanCorp. returned approximately $300 million, or close to 100%, of 2023 earnings, to shareholders through $200 million in stock repurchases and the payment of $100 million in common stock dividends. #NewsismyBusiness
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Puerto Rico maintains record-low unemployment rate in 2023
January 25, 2024
The island’s labor market shows sustained growth with lowest annual average unemployment. #NewsIsMyBusiness
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Sembrando Sentido launches new initiative to track federal funding in Puerto Rico
January 23, 2024
The initiative hopes to set a national standard for transparent and equitable funds distribution. #NewsismyBusiness
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Empire State VII training ship makes stop in San Juan on maiden voyage
January 17, 2024
The 227 cadets on board will showcase the new state-of-the-art training ship by conducting a maritime learning tour of the vessel for island's youth. #NewsismyBusiness
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Amid bank mergers, a global economic recession, sector going strong in Puerto Rico
December 28, 2023
Long-standing CEOs delve into topics such as the future of the banking sector and their forecasts for industry development. #NewsismyBusiness
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Inflation to drop further in 2024 but stay above 2% target
December 26, 2023
Statista sees Puerto Rico inflation closing at 2.89% this year and falling to 1.15% in 2024, and going back up in 2025 to 1.91%. #NewsismyBusiness
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House files bill to move forward on granting tax relief for working class
December 19, 2023
If passed, the bill would grant $250M in tax incentives to the working class following an agreement between Gov. Pierluisi and the Financial Oversight and Management Board for Puerto Rico. #NewsismyBusiness
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CofC unveils studies confirming entrepreneurs, consumers still worry
November 17, 2023
The studies were commissioned and revealed to provide a glimpse into economic and demographic trends across different sectors to facilitate business planning and strategic development for 2024. #NewsismyBusiness
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Nat’l survey: Arts & culture industry pumps $180M into Puerto Rico’s economy
October 13, 2023
The breakdown includes nearly $51.7 million in expenditures by industry organizations and $128.4 million by audiences. #NewsismyBusiness
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Puerto Rico’s GDP up 4% in 2021, after 6.2% drop in 2020
August 1, 2023
In its report, the BEA discussed the impact of the COVID-19 pandemic on the 2021 Puerto Rico GDP estimate. #NewsismyBusiness
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EDB analyzes sectors driving economic growth in Puerto Rico
July 17, 2023
The Economic Development Bank reveals economic data for multiple sectors and increased employment opportunities. #NewsismyBusiness
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Planning Board projects economic growth in Puerto Rico for fiscal years ’23, ’24
June 30, 2023
The Planning Board presented an upward revision of the economic projections for those fiscal years. #NewsismyBusiness
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Puerto Rico’s economic resurgence topic of upcoming workshop in Miami
June 1, 2023
The event will take place at the new Banesco USA headquarters in Doral, Florida on June 15, at 5:30 p.m. #NewsismyBusiness
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