Category Archives: finance

Analysis: ‘Lack of progress’ in getting P.R.’s economy back on track bodes badly for the year 2020

https://newsismybusiness.com/analysis-19s-lack-of-progress-in-getting-p-r-s-economy-back-on-track-is-bad-omen 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 Rico’s economy back on track does not bode well for what should happen in … Continue reading

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Moody’s: Earthquakes Could Delay Puerto Rico Recovery

Moody’s: 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 … Continue reading

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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

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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

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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

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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

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