Moody’s: P.R.’s economy will shrink 6-7% in ’18
June 12, 2018
Following a contraction of 6.2 percent in 2017, Moody’s Credit Standards and Strategy Group expects Puerto Rico’s economy to shrink by another 6 percent to 7 percent this year, with some rebound in the second half of the year, supported by rebuilding activity.
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P.R. debt audit drags on as creditor negotiations heat up
June 12, 2018
A mural alongside Baldorioty de Castro Avenue in San Juan, near the exit to De Diego Street, reads nowadays, “¡Auditoría ya, mamabichxs! A ciegas no” (which roughly translates into “Audit Now, suckers! Don’t do it blindly.”)
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JetBlue Foundation invests in P.R.’s future with $100K in grants
June 12, 2018
JetBlue announced that as part of its 16th anniversary celebration of service to Puerto Rico, the JetBlue Foundation has pledged $100,000 worth of grants to STEM education programs on the island.
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FEMA: Hurricane preparedness tips for apartment dwellers
June 12, 2018
Living in an apartment community poses some unique considerations for hurricane preparedness.
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Economist: ‘Employment at will’ may not be right solution for P.R.
June 11, 2018
The adoption of the so-called “employment at will” doctrine may not be the right solution for Puerto Rico’s low labor participation rate and stagnant economy, because it fails to address other underlying problems.
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Google.org announces $2M matching campaign for P.R. recovery
June 11, 2018
Google.org has launched a campaign focused on Puerto Rico’s economic recovery, committing to match up to $2 million in donations made June 8-20, 2018.
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San Juan Marriott Resort & Stellaris Casino names new execs
June 11, 2018
Betting on the strengthening of its executive team, the San Juan Marriott Resort & Stellaris Casino recently announced the incorporation of experts in the hospitality industry for the network located in Condado.
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P.R. Crowley team earns company’s highest honor for María relief efforts
June 11, 2018
In an unprecedented gesture of appreciation, Tom Crowley, chairman and CEO of Crowley Maritime Corp., recently presented a 2017 Thomas Crowley Award — the company’s highest honor — to its Puerto Rico team.
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De la Cruz, Karsh Hagan contribute $8K to Hogar Cuna San Cristóbal
June 11, 2018
De la Cruz & Associates (DLC) and marketing, design and technology firm Karsh Hagan of Colorado made an $8,000 donation to Hogar Cuna San Cristóbal aimed at working on necessary repairs after the passage of Hurricane María.
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Commonwealth-COFINA bondholders disclose agreement to end dispute
June 8, 2018
Sales Tax Financing Corp. bondholders submitted an Agreement in Principle in the U.S. District Court in Puerto Rico, potentially ending its dispute with the island’s government.
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Film Investment Fund seeks to jumpstart local productions via cash incentives
June 8, 2018
The Department of Economic Development and Commerce, through the Film Investment Fund, is looking to promote eight local production projects per year for the next two fiscal years, calling for an annual investment of $1 million a year, agency officials said.
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Regulator: P.R. insurers have paid $2.5B+ in claims, advances
June 8, 2018
Puerto Rico’s property and contingency insurers have paid more than $2.5 billion in claims and advances to the local policyholders for damages following hurricanes Irma and María as of April 30, 2018.
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Op-Ed: Housing 1st for P.R.’s recovery, but let’s not forget the brownfields
June 8, 2018
Puerto Rico’s essential infrastructure is largely repaired following last year’s Hurricanes Irma and María.
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Gov’t promotes Florida/P.R. business partnerships
June 8, 2018
As part of the results of the recent commercial mission to Orlando, an alliance will be signed with business organizations in Puerto Rico and Florida, Puerto Rico Trade and Export Executive Director Ricardo Llerandi announced.
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Data collection starts for P.R. 2017 Economic Census
June 7, 2018
Companies doing business in Puerto Rico will soon be receiving questionnaires to fill out for the Puerto Rico 2017 Economic Census, the main source of data on the structure and functioning of the island’s economy.
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