Gov’t proposes benefit cuts to avoid pension system collapse
February 28, 2013
High-ranking Puerto Rico government officials unveiled Wednesday a package of measures aimed at resolving the Commonwealth Retirement System’s critical fiscal situation, including raising the retirement age and increasing employee contributions.
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Op-Ed: Puerto Rico needs to be proactive, productive, transparent
December 10, 2012
With a change of government at hand and a new year ahead, it would be interesting to dare imagine a vision of a proactive, efficient and transparent Puerto Rico, that is, the opposite of what we have today in many respects.
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CPAs call for collaboration from new government
November 13, 2012
Puerto Rico Society of Certified Public Accountants President Kenneth Rivera-Robles urged all sectors to set forth a reform program to help the island’s new leaders to get over the current crisis.
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Guayama gifts students, residents with tablet computers
October 17, 2012
At a cost of $2 million, the Guayama municipal government began distributing Tuesday 10,000 Indipad-branded tablet computers to establish digital interaction between citizens, the government and the private sector, town officials said during an event attended by First Lady Lucé Vela, among others.
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Op-Ed: Positions of distrust
October 2, 2012
Assume for a moment that a company has just recruited you, after being thoroughly evaluated by its directors and after having competed with dozens of candidates aspiring for the same position as you.
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Op-Ed: Tiny and small businesses
September 11, 2012
I believe we’ve wasted our time trying to classify the unclassifiable. At least in this island. The government sector tries to establish margins, limits and a string of definitions on a sector that does not necessarily look like, or identify with, those efforts.
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FAA plans Sept. 28 public hearings on LMM P3
August 30, 2012
The Federal Aviation Administration will hold on Sept. 28 what will likely be the only public hearing on the proposed public-private partnership through which the government of Puerto Rico would turn the management of the Luis Muñoz Marín International Airport over to Aerostar Holdings, News is my Business learned.
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Private colleges contribute to upward mobility
August 30, 2012
Private and post-secondary institutions represent an important economic and social mobility tool in Puerto Rico’s economy, according to the findings of a study conducted by the Estudios Técnicos research firm.
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Op-Ed: ‘Nothing happens in Aguirre’
August 28, 2012
Those were the words used by the youngsters of Barrio Aguirre in the municipality of Salinas to describe their community.
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Nissan Leaf rolling into market in ’13 vowing “0-emissions, 0-taxes”
August 24, 2012
The electric-powered Nissan Leaf will make its debut in the Puerto Rico market in January, paving the way for more environmentally friendly vehicles on local roads.
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S&P downgrades gov’t debt to ‘negative’ from ‘stable’
June 7, 2012
Standard & Poor's Ratings Services has revised its outlook for the Puerto Rico government’s general obligation (GO) and appropriation debt ratings to negative from stable.
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Economist: Sustainability in public finances ‘critical’ to recovery
May 21, 2012
It is the general belief that it is bad for a government to have a deficit or be shoulder-deep in debt. However, while it is “perfectly legitimate” for public administrations to have shortfalls and finance them with debt, what is dangerous is when the practice leads to unsustainability.
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Prepa raises $650M through bond emission
April 12, 2012
The Puerto Rico Electric Power Authority concluded its two-day bond issue Wednesday, selling $650 million in bonds, about 36 percent more than the original $475 million the government was looking to raise.
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Motor vehicle excise taxes fuel December ’11 Treasury collections
February 7, 2012
Net General Fund revenue totaled $776 million in December, representing an increase of $210 million when compared to the same month in 2010. The hike was attributed to a surge in motor vehicle excise tax collections, which Treasury Secretary Jesús Méndez said reflected the highest year-over-year percentage growth.
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High-ranking government officials tout P.R. austerity measures at NLGA conference
July 28, 2011
The austerity measures put in place over the past two years have reduced Puerto Rico’s deficit and spurred economic growth, Gov. Luis Fortuño and his Economic Development and Commerce chief said in separate speeches offered on Wednesday’s session of the National Leutenant Governors Association convention taking place in San Juan.
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