The Puerto Rico Manufacturers Association recently recognized natural gas co-generation plant, Eco-Eléctrica for its leadership in sustainability and commitment to the preservation of Puerto Rico’s natural resources.
The Purchasing Managers Index (PMI) for Puerto Rico’s manufacturing sector rose to 59.0 in May, remaining above the threshold value of 50 for the ninth consecutive month, suggesting an expansion in the manufacturing.
The Economic Development Bank and the Puerto Rico Industry Investment Board announced Tuesday the start of a financing program to provide credit lines of between $50,000 and $900,000 to local companies seeking to selling products and services to the government but who lack the necessary funds to get the process going.
For the first time in 12 years and the second in its 84-year history, the Puerto Rico Manufacturers Association is gearing up to elect Waleska Rivera, president of Danosa Caribbean, to head the trade group during elections slated for this weekend’s annual convention, Executive Vice President William Riefkohl said Tuesday.
The Puerto Rico Manufacturers Association will be hosting its 84th annual convention under the “We’re all manufacturers” slogan, adopted to reflect “the multiplicity of industry elements,” said trade group President Pedro Watlington.
The private-sector delegation headed by the Puerto Rico Manufacturers Association that lobbied in Washington, D.C. last week in favor of the Puerto Rico Investment Promotion Act, asked members of Congress for a public hearing to discuss the effects of the proposal that seeks to jump-start the island’s economy.
A delegation composed by members of the Puerto Rico Manufacturers Association and other trade groups belonging to the Private Sector Coalition is heading to Washington, D.C. this week to meet with 18 Congressional leaders to continue lobbying for the adoption of Section 933A of the Internal Revenue Code.
The Puerto Rico Manufacturers Association has mapped out its strategy for 2012, when it aims to keep the ball rolling on several key strategies it set off last year.
As 2011 wraps up, the Puerto Rico Manufacturers Association — one of the island’s most important trade organizations — took stock Tuesday of the last 12 months, concluding that a trio of major administration-backed measures significantly set back competitiveness by hindering free trade and industrial growth.
It seems as though everybody is looking for ways to drive down Puerto Rico’s mounting energy costs, which are strangling residential and commercial customers alike every month. On Monday, a large group of private sector representative came together to propose to the governor the creation of an independent body to find solutions in the short, medium and long term to deal with the problem.
The Puerto Rico Manufacturers Association rejected the conclusions of a study released this week language and cultural barriers among the employees in companies located in Puerto Rico and their stateside counterparts may be risk factors causing quality problems in local plants.
The public and private sectors released sharply contrasting economic productivity reports Thursday that on the one hand claimed an increase in public revenue collections, while on the other denoted a significant contraction in manufacturing sector activity.
The Puerto Rico Manufacturers Association reiterated Wednesday its desire to collaborate with the government and the rest of the private sector to develop and promote measures that stimulate job creation, contribute to Puerto Rico’s economic development and increase worker productivity.
If the government truly wants to help the economy move forward, aside from monitoring that all of the recently enacted reforms effectively serve their purpose, it will have to implement what private sector representatives on Thursday called a “credibility reform.”
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