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Recent Posts
- Aguadilla, Ponce Airports to Reopen on April 1, 2021
- Plaza – Tu Supermercado, has about 4 grocery store locations in Puerto Rico
- Costco will be opening its 5th Puerto Rico location in Aguadilla in NW PR in the Plaza Noroeste Commercial Center
- Sharyl Attkisson: Where Did The $91 Billion For Hurricane Recovery In Puerto Rico Go?
- 20 Members Of A Violent Gang Charged For Drug Trafficking And Firearms Violations In Santa Isabel, Puerto Rico
- Experts Worry About Puerto Rico’s Rapid Rise in COVID Cases
- Puerto Rico’s Tourism Industry Is Suffering. High Season Is Not Looking Any Better.
- Fee cut to lure cruise lines to lay up ships in Puerto Rico ports
- EPA Region 2 to Provide $1.1 Million Grant to the University of Puerto Rico to Reduce Air Pollution in San Juan, paying to accelerate the destruction of older short-haul trucks, buses
- Transgender woman beaten, stabbed in Puerto Rico, skull fractured, needs reconstructive surgery
- Trump thanks Puerto Rican governor, Wanda Vazquez Garced, for 2020 election endorsement
- Gov. Vázquez suspends order that raised minimum wage in construction. Minimum wage laws do more harm than good
- Puerto Rico Chambers of Commerce oppose potential lockdown amid rise in Covid-19 cases
- Puerto Rican authorities have thousands of fraud cases to process for Pandemic Unemployment Assistance fraud
- Governor Wanda Vazquez endorses Donald Trump for President
- Agents Seize $27 Million In U.S. Currency Inside Boxes Bound For St. Thomas from San Juan Puerto Rico port
- Four Puerto Rican Police Officers Charged With Conspiracy To Commit Robbery.
- Fiscal Board sends Property Tax Recommendations to Puerto Rico government. If PR property taxes go up, real estate values will go down
- Roche to Close Puerto Rico Plant After More Than Four Decades. 200 jobs will be lost
- Border Patrol Seizes $14.8 Million Dollars Worth Of Cocaine, Arrests 4 Illegal Immigrants Near Puerto Rico
- Retail sales plunge 56 percent amid Covid-19 lockdown in April
- Puerto Rico Legislator Nelson Del Valle Colon and Two Capitol Employees Indicted for Theft and Bribery
- Meet 4 Women Pushing Puerto Rico’s Sustainable Farming Movement Forward
- Puerto Rico imposes stricter measures amid coronavirus spike, until at least 9-11-20
- Puerto Rico governor calling for the island to be made a US state LOSES bid to lead her party in chaotic primary election that saw delayed and missing ballots
- FBI arrests seventh defendant in Julia Keleher case, Aníbal Jover Pagés
- Video captures daytime shooting on Martinez Nadal expressway in Guaynabo, 2 dead
- Puerto Ricans, upset at botched primary, demand answers. The Elections Commission failed to print and distribute enough ballots to multiple voting locations
- Puerto Rico governor extends anti-coronavirus measures for 2 weeks, until July 15, 2020
- Pensions must be out of electoral intentions. Politicians shouldn’t using public resources for political purposes.
- With primaries around the corner, Gov. Vázquez faces criminal probe
- Alexandria Ocasio-Cortez aka AOC is a misguided dangerous radical who should be cancelled, not GOYA Foods, because she wants to harm America, promote lawlessness, destroy jobs
- Puerto Rico Governor Seeks Referendum on Pension Payments
- ‘They are killing our nation’: Goya Foods CEO slams boycott of his brand and says protesters are the same people who are tearing down statues of Jesus Christ as he doubles down on Trump support
- Gov. Wanda Vázquez Will Be Investigated by an Independent Special Prosecutor
- Puerto Rico to ban alcohol sales on Sundays amid pandemic
- Puerto Rico announces referendum to protect public pensions
- Puerto Rico Governor Wanda Vázquez, others face formal corruption probe
- ‘Robust’ Prepa, LUMA deal structured to avoid failure of Prasa privatization
- Puerto Rico’s Governor reinstates restrictions on social, recreational activities as Covid-19 cases soar, lockdown orders until 7-31-20
- Treasury provides options to taxpayers with difficulties to file returns, pay on Wednesday deadline
- The Fund dismisses the husband of Tata Charbonier and the wife of the mayor of Cataño. FBI raids home
- Hurricane Maria’s impact on Puerto Rico’s population will last for decades, study shows. PR’s population expected to drop 200,000 by the year 2047
- Secretary of the Department of Health, Lorenzo González, warned Wanda not to do campaign rallies but she provoked him by going to a rally against his advice
- INTERVIEW: 4 questions to #CacerolaGirl
- In solitary confinement about 200 police officers suspected of COVID-19 contagion
- #Cacerolagirl is born in the protests that forced Ricardo Rossello to resign in July 2019
- Puerto Rico governor facing scrutiny after firing government minister, Justice Secretary Dennise Longo Quiñones
- The dismissal of Dennise Longo by Governor Wanda: Friday Night Massacre
- Wanda Vazquez: this time it’s different. Governor Wanda Vazquez Garced could now be considered a suspect in the crime of obstruction of justice.
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Category Archives: finance
Oversight board certifies fiscal plans for Puerto Rico Industrial Development Co., co-op regulator Cossec
https://caribbeanbusiness.com/oversight-board-certifies-fiscal-plans-for-puerto-rico-industrial-development-co-co-op-regulator-cossec Oversight board certifies fiscal plans for Puerto Rico Industrial Development Co., co-op regulator Cossec By Caribbean Business on June 30, 2020 (Screen capture of http://www.oversightboard.pr.gov) SAN JUAN – The Financial Oversight and Management Board for Puerto Rico announced Tuesday … Continue reading
Posted in finance, incompetence and mismanagement, Puerto Rico necessary improvements
Tagged Capex Reserve Fund, COSSEC, examiners, Financial Oversight and Management Board, fiscal, fiscal plan, fiscal plans, FOMB, governance, Natalie Jaresko, outsourcing, plan, plans, PRIDCO, privatization, privatized, Puerto Rico, Puerto Rico Industrial Development Co
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Analysis: ‘Lack of progress’ in getting P.R.’s economy back on track bodes badly for the year 2020
Analysis: ‘Lack of progress’ in getting P.R.’s economy back on track bodes badly for ’20 Analysis: ‘Lack of progress’ in getting P.R.’s economy back on track bodes badly for ’20 January 2, 202001620 The lack of progress in getting Puerto … Continue reading
Moody’s: Earthquakes Could Delay Puerto Rico Recovery
https://caribbeanbusiness.com/moodys-earthquakes-could-delay-puerto-rico-recovery Moody’s: Earthquakes Could Delay Puerto Rico Recovery By José Alvarado Vega on January 16, 2020 (Feisdra on Unsplash) Rating agency says ‘frequency of natural disasters’ could scare away investors SAN JUAN — The recent earthquakes off the southern coast … Continue reading
Posted in economic crisis, finance, Hurricane Maria and aftermath, Puerto Rico earthquakes and aftermath, Puerto Rico economic crisis
Tagged blackout, damage, damage losses, disaster, disasters, downgrade, earthquake, earthquakes, emergency, FEMA, Financial Oversight & Management Board, FOMB, funds, losses, Moodys, natural disasters, plant, power, power plants, Puerto Rico, recovery
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Here’s how an obscure tax change sank Puerto Rico’s economy – Section 936 phased out over 10 years from 1996 to 2006
https://www.cnbc.com/2017/09/26/heres-how-an-obscure-tax-change-sank-puerto-ricos-economy.html Here’s how an obscure tax change sank Puerto Rico’s economy Even before a devastating hurricane brought Puerto Rico to a near standstill, the government there was struggling with an economy in shambles and a default on billions of dollars … Continue reading
Tax Policy Helped Create Puerto Rico’s Fiscal Crisis
https://taxfoundation.org/tax-policy-helped-create-puerto-rico-s-fiscal-crisis Tax Policy Helped Create Puerto Rico’s Fiscal Crisis June 30, 2015 Scott Greenberg Gavin Ekins Yesterday, the governor of Puerto Rico announced that his government’s $72 billion of debts are not payable, in advance of $1.92 billion in … Continue reading
Posted in culture and cycle of dependency, economic crisis, finance, incompetence and mismanagement, Puerto Rico economic crisis, Puerto Rico politics and government
Tagged bankrupt, bankruptcy, bond, bonds, debt, debts, downgrade, fiscal crisis, junk bonds, Patente Nacional, Puerto Rico, recession, restructure, Section 936, tax code, Tax Foundation, tax incentive, tax policy, tax reform, triple tax exempt, VAT
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Cost of living in San Juan, Puerto Rico metro area 11.6% higher than U.S.
Cost of living in SJ metro area 11.6% higher than U.S. Written by Michelle Kantrow // June 20, 2016 // Economy Living in the Metropolitan Statistical Area of San Juan-Carolina-Caguas is 11.6 percent higher than the average for other metropolitan … Continue reading
Posted in finance, statistics
Tagged Caguas, Carolina, COLI, compare, comparison, cost, cost of living, expensive, food, groceries, grocery, health care, housing, index, living, mainland, medical, PR, Puerto Rico, san juan, Statistics Institute, united states, US, USA, utilities
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Puerto Rican Businesses No Longer Allowed to Require Cash Only for Payments
http://www.laht.com/article.asp?CategoryId=14092&ArticleId=2414400 Puerto Rican Businesses No Longer Allowed to Require Cash Only for Payments SAN JUAN – Businesses in Puerto Rico will have to offer customers two ways to pay as of Wednesday, with consumers no longer forced to pay in … Continue reading
Savings Cooperatives, aka Cooperativas de Ahorro y Crédito in Puerto Rico
Are you a member of a Savings Cooperative in Puerto Rico? We would like to hear from you! With which ones are you familiar? What are the requirements to join? What is the minimum dollar amount required to join? Is … Continue reading
Posted in banking and credit unions, finance
Tagged account, accounts, cooperativas, Cooperativas de Ahorro y Crédito, COSSEC, finance, financial, loan, loans, money, Puerto Rico, save, saving, savings
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How to fix Puerto Rico’s broken economy
http://www.caribbeanbusiness.pr/prnt_ed/how-to-fix-puerto-ricos-broken-economy-10563.html See also our recommendations HERE. 11 experts share their ideas on how to fix Puerto Rico’s broken economy How to fix Puerto Rico’s broken economy By : CB STAFF cbeditor@caribbeanbusinesspr.com; cbprdigital@gmail.com Edition: October 30, 2014 | Volume: 42 | … Continue reading
Puerto Rico’s housing market sluggish – leading economic indicators, statistics on turnaround
http://www.globalpropertyguide.com/Caribbean/Puerto-Rico/Price-History Puerto Rico’s housing market sluggish Puerto Rico has suffered an enormous economic crisis in the past five years. There’s been high unemployment, massive emigration, and a near-catastrophic national debt crisis and credit rating downgrades The crisis has brought many … Continue reading
Posted in analysis and opinion, finance, hotels homes and apartment housing, population changes in Puerto Rico, statistics
Tagged cement, downturn, economic, economics, house, housing, housing market, indicator, indicators, leading, leading economic indicators, market, production, Puerto Rican, Puerto Rico, recession, rent, rental, rental yields, rents yields, statistics, turnaround
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Puerto Rico Newcomer, dedicated to improving PR, helps you live, vacation in Puerto Rico better 