Thursday, January 20, 2022

All posts tagged "Economy"

  • Yellen: Persistent Economic Weakness Could Slow Rate Hikes

    WASHINGTON – Federal Reserve Chair Janet Yellen cautioned Wednesday that global weakness and falling financial markets could depress the U.S. economy’s growth and slow the pace of Fed interest rate hikes. But Yellen made clear that the...

    • Posted February 10, 2016
  • Puerto Rico’s Auto Industry Concerned After Worst January On Record

    SAN JUAN — After closing 2015 with new-auto sales down 7.8%, marking the third straight year of negative sales, Puerto Rico’s auto distributors reported a mere 5,582 new units sold last month—their worst January on record. According...

    • Posted February 10, 2016
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  • Cofina Bondholders put Debt-relief Plan on Table, Await P.R. Gov’t Response

    SAN JUAN – A group of Sales Tax Financing Corp. (Cofina by its Spanish acronym) bondholders are proposing to the Puerto Rico government a debt-restructuring plan that would provide liquidity and debt-relief to the commonwealth while respecting Cofina’s legal...

    • Posted February 10, 2016
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  • PRHTA to Hold Seminar On Best Sales Strategies

    SAN JUAN — The Puerto Rico Hotel and Tourism Association (PRHTA), an organization that represents the island’s private tourism sector, will hold a professional seminar Feb. 18 dubbed “Discover the 7 Best Practices in Sales and Marketing...

    • Posted February 10, 2016
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  • NPP Secretary General: Public Housing projects sold at ‘bargain prices’ to select group

    SAN JUAN – The Housing Financing Authority sold its public housing projects at “bargain prices” to a “select group of developers,” as well as some loan portfolios in an effort to raise funding for the Government Development...

    • Posted February 10, 2016
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  • Para la Naturaleza and Roosevelt Roads Enter Alliance

    Malu Blázquez Arsuaga, executive director for the Redevelopment of Roosevelt Roads, and Fernando Lloveras San Miguel, president of the nonprofit Para la Naturaleza (For Nature), recently announced that both organizations signed a lease contract for 20 years...

    • Posted February 8, 2016
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  • Commission Launches Hearings on Prepa’s Oil Purchases

    The Special Commission for the Study of Norms & Procedures Regarding the Purchase & Use of Petroleum by the Puerto Rico Electric Power Authority (Prepa) was scheduled to launch public hearings Feb. 2, at 10 a.m., in...

    • Posted February 8, 2016
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  • Electric Power Consumption Falls by 0.6% in 2015

    Electric-power consumption in Puerto Rico fell 0.6% in 2015, the third-consecutive drop since 2012. Decreases in demand for electric power were registered in the commercial and industry segments, while the industrial sector’s consumption of electric power increased....

    • Posted February 8, 2016
  • Puerto Ricans in Florida Untapped Business Opportunity for Local Entrepreneurs

    The influx of Puerto Rican migrants to Florida could have a silver lining for businessowners and entrepreneurs on the island, according to Frank Nieves, president of the Puerto Rico Hispanic Chamber of Commerce (PRHCC) in Broward County,...

    • Posted February 8, 2016
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  • GDB’s Acosta On Audited Statements: ‘We Are Not Hiding Anything’

    SAN JUAN — On Friday, Government Development Bank (GDB) Chairwoman & President Melba Acosta said that although the commonwealth’s audited financial statements for fiscal year 2014 have yet to be delivered, they would only confirm what government...

    • Posted February 5, 2016
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