Financial Oversight and Management Board for Puerto Rico Executive Director Natalie A. Jaresko urged local manufacturers to be an “active part of the island’s turnaround."
The Puerto Rico Science, Technology and Research Trust and the Puerto Rico Manufacturers Association hosted a roundtable Wednesday to provide details on Quest 2017, an event that promotes the exchange of best practices to optimize the island’s competitiveness.
The rate hike that the Puerto Rico Electric Power Authority and its bondholders are proposing would further erode the island’s economy and set back its recovery, members of the island’s private sector claimed Monday.
The Financial Oversight and Management Board for Puerto Rico is reviewing the government’s proposed Fiscal and Economic Growth Plan — which on Friday was met with criticism by a cross-section of the island’s business community — and should be finished by Jan. 31.
In the wake of the biggest blackout Puerto Rico has experienced in more than three decades, which has affected more than 1.5 million customers, members of the island’s private sector urged the powers-that-be to push forward with a complete overhaul of the electrical system.
The Puerto Rico Manufacturers Association will submit four specific proposals to the Congressional Task Force on Economic Growth in Puerto Rico addressing mechanisms to spur economic development on the island in different sectors, trade group President Rodrigo Masses announced Thursday.
Representatives from the Puerto Rico Manufacturers Association and industry counterparts in the Dominican Republic held the first of a series of strategic meetings on Monday to define areas of collaboration to improve business relationships and create jobs, PRMA President Carlos Rivera-Vélez said.
During the opening day of its annual convention Thursday, the Puerto Rico Manufacturers Association delivered a list of recommendations — including cutbacks, government restructuring and fiscal measures — to administration officials, in hopes of doing its part to help the island pull out of its economic crisis.
To effectively compete in global markets, Puerto Rico should significantly reduce energy costs and “work in unity of purpose with one voice” to ensure special tax treatment to stateside companies established on the island, said Puerto Rico Manufacturing Association President Carlos Rivera-Vélez during a recent trip to Washington, D.C.
Maritime cargo operator Sea Star Line, LLC announced Monday it has entered an agreement to on-hire another barge to add to its current service package for shipments from Jacksonville to Puerto Rico, which responds to escalating concerns from government and private sector components over the lack of goods in the last few weeks.
Members of Puerto Rico’s economic development team and private sector representatives will participate this week in the SelectUSA Investment Summit, hosted by the U.S. Department of Commerce, to present a united front to promote foreign direct investment on the island.
Gov. Alejandro García-Padilla announced Wednesday the restructuring of the Puerto Rico Treasury Department, as well as offered details of the administration’s proposed tax reform expounded in a 1,400-page bill submitted at the Legislature late in the day.
The Puerto Rico Manufacturers Association announced Tuesday that it will host Quest 2014, a competition, a world-class continuous improvement competition on this Friday at the Polytechnic University in Hato Rey.
Telecommunications service provider Claro and the Puerto Rico Manufacturers Association signed a collaborative agreement Tuesday that will facilitate exchanging information on new technologies specially designed to increase the business sector’s productivity.
As word of the decision taken by Standard and Poor’s to downgrade Puerto Rico’s credit rating to junk level, the island’s biggest trade groups spoke out. Following are their individual statements.
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA