Private sector trade groups discuss S&P downgrade
February 5, 2014
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.
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Manufacturers worried over possible minimum wage hike
December 6, 2013
Following President Barack Obama’s announcement of his intention to revisit the proposal to increase the federal minimum wage to between $9 and $10 an hour starting in 2015, the Puerto Rico Manufacturers Association on Thursday raised a warning flag over the possible effects the hike could have on local companies given the island’s economic situation.
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Cuba impresses Puerto Rican execs on trade mission
October 21, 2013
Surprises abounded this fall when the 1,300-member Puerto Rico Manufacturers Association sponsored its first official mission to Cuba to learn about potential business opportunities there.
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Puerto Rico Manufacturers Assoc. to host forum on Cuba
July 30, 2013
The Puerto Rico Manufacturers Association will be hosting a forum to discuss business opportunities in Cuba on Aug. 2, in anticipation of an educational mission to the Caribbean island nation, trade group President Waleska Rivera announced.
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PRMA to discuss challenges, strategies to handle cyber threats
June 10, 2013
In an economy where electronic communications are a mainstay, it is essential to know how to develop strategies to maintain good cybersecurity practices.
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Announced manufacturing advisory council already existed
June 3, 2013
New governor, same announcement. During the Puerto Rico Manufacturers Association’s annual convention this weekend, Gov. Alejandro García-Padilla signed an executive creating a manufacturing advisory council that resembles one endorsed in 2011 by his predecessor, former Gov. Luis Fortuño.
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PRMA ‘seeking solutions’ at its annual convention
May 8, 2013
The Puerto Rico Manufacturers Association is preparing to mark its 85th anniversary during this year’s annual convention, when it will focus on ramping up its search for solutions to the island’s development and competitiveness challenges.
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PRMA, Polytechnic Univ. present Quest 2013
April 30, 2013
The Puerto Rico Manufacturers Association, in conjunction with the Polytechnic University, will host QUEST 2013, an initiative that for the past 10 years has served as a forum for companies looking to further their competitiveness through continuous improvement.
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PRMA, Borrego Solar to co-host commercial solar development seminar
April 18, 2013
Borrego Solar Systems Inc., a designer, installer and financier of grid-tied solar photovoltaic systems, announced Wednesday it will be co-hosting a breakfast seminar with the Puerto Rico Manufacturers Association on commercial solar development in Puerto Rico on May 1.
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Governor: Private sector has already pledged 16K jobs
March 1, 2013
Gov. Alejandro García-Padilla detailed Thursday the progress of his administration’s strategies to revive the island’s economy, saying among other things that the private sector has already pledged to create 15,896 of the 50,000 he vowed to lock down in the first 18 months of his tenure.
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Crowley modifies fee, sparing consumers from potential ‘domino effect’ on cost of goods
January 28, 2013
Following a series of meetings with private trade groups, customers and government officials, maritime shipping company Crowley Puerto Rico Inc. agreed to modify and push back the implementation of a new “Chassis Usage Charge” that could have potentially meant an increase in prices for consumer goods transported to the island.
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PRMA names new executive director
January 18, 2013
Following a seven-month evaluation process, the Puerto Rico Manufacturers Association has named Economist and Attorney Jaime García as the trade group’s new executive director, effective Feb 1. He succeeds William Riefkohl, who announced in the summer he would be stepping down from the post after 15 years.
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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.”
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Ahead: Trade groups predict ’13 will be year to ‘refocus’
January 1, 2013
As the new year rolls in, Puerto Rico’s main professional trade groups — the Puerto Rico Chamber of Commerce, the Puerto Rico Manufacturers Association and the CPA Society — are weighing in on what they believe the island will need to improve its economic condition and quality of life for its citizens.
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Private sector makes post-elections call for unity
November 8, 2012
Now that the dust has settled on one of Puerto Rico’s most contentious political campaigns and elections, the island’s private sector is hopeful that government officials, especially Governor-elect Alejandro García-Padilla, will set aside partisan bickering to work together to re-energize and move the economy forward.
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