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Sunday, January 19, 2020

Christmas Sales Fall in Puerto Rico

Sales during the Christmas season in Puerto Rico have been reduced compared to 2018.This was stated by the president of the Retail Trade Association...

Puerto Rico’ economy shows risk of fiscal plan

Part I of five-part series "Austerity on the Island"Puerto Rico, with more than $70 billion of bonds at stake, has become the latest testing...

50% or more of residents in 36 Puerto Rico towns live...

During the 2014-2018 period, 50% or more of the population in 36 of Puerto Rico’s 78 municipalities lived in poverty.Of those 36 towns, in...

PREPA RSA hurts consumers, perpetuates debt crisis.

A thorough and data-packed recent report on the potential impact of Puerto Rico’s PREPA debt restructuring plan proves what should be obvious: electricity prices that are already...

John Hancock Insurance is existing Puerto Rico.

Sources at El Nuevo Día affirm that the huge insurance company is already preparing its departure from the Island due to the economic problems...

In limbo permanent projects after María.

Only 2% of federal funds allocated after Irma and María's huricanes have been directed to permanent works. Of the $ 14,800 million allocated to...

Mistaken assumptions on recovery funds could stump Puerto Rico’s future growth.

The Financial Oversight and Management Board for Puerto Rico’s admission that there will be significantly less federal recovery money flowing into the island could...

P.R. Manufacturing Index drops.

The Purchasing Managers Index for Puerto Rico’s manufacturing sector decreased to 43.8 in September but remained below the threshold level for the sixth consecutive...

Puerto Rico unveils plans to pull out of bankruptcy

The federal control board that oversees Puerto Rico's finances on Friday released a plan that would cut the island's debt by more than 60%...

Puerto Rico economic activity for July drops compared to 2018

SAN JUAN — Puerto Rico’s economy continues to show signs of weakness, as a leading indicator, the Economic Development Bank’s Economic Activity Index (EDB-EAI),...