NEW YORK — A panel of experts comprising analysts, economists and financial advisors gathered in Manhattan on Friday to analyze Puerto Rico’s current fiscal conditions and offer suggestions for turning the ship around in 2015, many of which require tough decisions.
The Puerto Rico Treasury Department announced Thursday that preliminary General Fund revenues totaled $452 million in November. This figure is $3 million, or 0.7 percent, below estimates, agency Secretary Juan Zaragoza-Gómez said.
The cost of living in Puerto Rico for a professional family is about 13 percent more expensive than it is in more than 300 urban and rural areas in the U.S. mainland, according to the findings of the Cost of Living Index.
Aiming to encourage work in the formal economy while neutralizing regressive consumption taxes, the Center for a New Economy recently commissioned the Urban Institute in Washington D.C. to conduct a study that proposes a new work credit focused on working families with children making between $7,500 and $25,000.
A little more than three months after launching its online loan application tool, the Economic Development Bank disclosed Thursday it has received 135 new requests for funding.
United Airlines is celebrating 20 years of service on the San Juan-New York/Newark route, a service it offers daily between the hubs.
Less than two years after picking up the assets of the former OneLink cable system in the greater San Juan area, Liberty de Puerto Rico announced Wednesday its intention to buy the only other cable provider left on the island, Choice Cable in Ponce.
Travel to the Caribbean has long been focused on the U.S. traveler, but new data from the Expedia group, one of the world's largest online travel companies, revealed recently that intra-Caribbean travel is on the rise, with a 50 percent bump in demand in the first three quarters of 2014, when compared to the same time period in 2013.
Retail sales of commercial in Puerto Rico were up 1.06 percent in September 2014 compared to the same month in 2013, Puerto Rico Trade and Export said Wednesday.
Ten Puerto Rican nonprofit organizations will be expanding their environmental conservation efforts this year after being awarded a total of $40,000 through Ford Motor Company’s Environmental Grants Program.
DDB Latina Puerto Rico upheld its successful track record in international competitions recently by being the most awarded local agency at the International Festival El Ojo de Iberoamérica, and the first to achieve gold awards in Graphic at the London International Awards (LIA) awards.
AT&T recently opened a brand new company-owned retail store in Caguas just in time for holiday shoppers to check out the latest in devices, accessories and services, the company announced Wednesday.
Liberty Cablevision of Puerto Rico LLC announced Wednesday that affiliates of its indirect majority shareholder, Liberty Global and its indirect minority shareholder, Searchlight Capital Partners, L.P., have entered into an agreement to acquire 100 percent of the parent of Puerto Rico Cable Acquisition Company Inc., which does business as Choice Cable TV.
Honeywell Aerospace executives joined Puerto Rico government officials to break ground Tuesday on the construction of a new research and development laboratory that the company will operate in the northern municipality of Moca.
Tired of ATM fees, overdraft penalties, charges for checking account maintenance, among other service expenses, customers are tilting more toward credit unions over commercial banks, the most recent report by the American Customer Satisfaction Index, overseen in Puerto Rico by Anderson Research International, concluded.
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