Puerto Rico Government Development Bank President Melba Acosta confirmed Tuesday that the agency will not be publishing the Comprehensive Annual Financial Report on Oct. 30, as it had announced earlier this year it would do.
The Government Development Bank for Puerto Rico released its most recent liquidity statement late last week, showing a balance of $1.02 billion net as of April 30, representing a drop from the $1.11 billion the agency reported for the prior month.
Puerto Rico positioned itself 55th out of 141 of the globe’s most tourist-friendly countries listed in the World Economic Forum’s global Travel & Tourism Competitiveness Index released Wednesday.
Puerto Rico’s technology sector offers the lowest average pays nationwide and is lagging when it comes to job opportunities, according to this year’s Computing Technology Industry Association’s “Cyberstates: State-by-State analysis of the U.S. Tech Industry” report, to be made public later today.
Saying the Commonwealth failed to justify its reasons for not doing so, the San Juan Superior Court on Tuesday ordered the Puerto Rico Treasury Department to make public the report produced by KPMG Accounting Services that is being used to shape the upcoming tax reform.
Puerto Rico’s retail sector reflected positive year-over-year growth in March and April, when activity grew by 2.2 percent and 1.3 percent, respectively, Puerto Rico Trade and Export informed Wednesday.
The problems at Doral Financial Corp. continued Tuesday, when it informed the Securities and Exchange Commission that it will be unable to file its first quarter results report for the period ended Mar. 31 this week, a day after the deadline passed.
Puerto Rico climbed one more notch in this year’s edition of the World Economic Forum’s “Global Competitiveness Report,” landing in 30th place among 148 countries around the globe.
The United Automobile Importers Group (known as GUIA for its initials in Spanish), an organization that represents the Puerto Rico automotive industry, recently launched the “Puerto Rico Automotive Industry Report 2012-2013.”
The annual U.S. Environmental Protection Agency report on the amount of toxic chemicals released to the land, air and water by industrial facilities in 2011 showed an 11 percent decrease for Puerto Rico over the past reporting year.
Oriental Financial Group reported Monday $13.8 million in profits for the second quarter ended June 30.
Banco Popular has teamed up with the Puerto Rico Statistics Institute to launch a redesigned version of its “Progreso Económico” report, to make it more visual and take it one step beyond the traditional economic index, bank officials said Wednesday.
Puerto Rico Puerto, the second largest investment destination in the region, is struggling to retain its position as a “viable value proposition” for pharmaceutical companies that have significantly scaled back their investments on the island in the last four years, a recently released study by Jones Lang LaSalle a global real estate services firm concluded.
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA