Puerto Rico FY 2012 General Fund collections exceed goal by $10M
August 1, 2012
Treasury Secretary Juan Carlos Méndez confirmed Wednesday that General Fund collections for FY 2012 ending June 30 reached $8.6 billion, exceeding the government’s goals by $10 million.
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Exec: Illegal slots undercut casino revenues by $170M
July 26, 2012
The proliferation of illegal slot machines affects more than 2,800 casino employees, who are at risk of losing their jobs over the closure of casinos operating in Puerto Rico, Eric Rodríguez, vice president of the casinos division of Empresas Santana warned Wednesday.
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SAP Puerto Rico closes 1Q ’12 with 108% growth
June 28, 2012
SAP Puerto Rico and Caribbean became the company’s fastest growing region in Latin America with a 108 percent growth in revenue from software sales during the first quarter of 2012.
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CNE: P.R.’s fiscal situation stable but ‘quite fragile’
June 13, 2012
Puerto Rico’s public finances have stabilized but are still weak, its indebtedness levels and rates are unsustainable, its fiscal viability over the medium term is uncertain, and its economic outlook remains quite modest, said the Center for the New Economy’s Policy Director Sergio Marxuach during an analysis of the administration’s current and future budgetary activity.
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Fortuño proposes $9.082B budget for Fiscal ’13
April 24, 2012
Gov. Luis Fortuño unveiled Tuesday a $9.082 billion general fund budget proposal for fiscal 2013, representing a 2 percent reduction from the $9.260 billion budget in effect through June 30.
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Oriental reports solid 1Q ’12 results
April 24, 2012
Oriental Financial Group Inc.'s conversion into a more traditional bank following the April 2010 acquisition of the defunct EuroBank seems to be going in the right direction, as on Monday the financial institution announced $9.5 million in income for the first quarter ended Mar. 31.
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