Thursday, January 20, 2022

All posts tagged "Economy"

  • Puerto Rico Briefs Congress on Debt-Exchange Plan, Calls for Broad Restructuring Regime

    SAN JUAN — Representatives of the Puerto Rico government briefed Congress staffers for about two hours on Friday over Gov. Alejandro García Padilla administration’s latest plan to restructure a large chunk of its $70 billion debt, while...

    • Posted February 5, 2016
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  • Conflicting Bankruptcy Perspectives Discussed At D.C. Debt Forum

    SAN JUAN — Puerto Rico needs a restructuring plan for “all of its debt” through a special legislative act tailored to territories along with a federal control board that does not intervene with the island’s autonomy, to...

    • Posted February 5, 2016
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  • More Canadians Flying To The Caribbean

    SAN JUAN — Air Canada’s passenger traffic to the Caribbean is continuing to grow, indicating that more Canadians are vacationing in the region. The carrier has announced continued growth to the region in January, with an 8.1...

    • Posted February 5, 2016
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  • Friday’s Jobs Report Could Ease US Recession Fears. Or Not.

    WASHINGTON – U.S. manufacturing is shrinking, corporate profits are declining and goods are piling up on warehouse shelves. Those trends have elevated concern that a U.S. recession may loom in the next year or two. Yet in...

    • Posted February 5, 2016
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  • Zaragoza Accepts Blame For Delay In Audit Of Government Finances

    SAN JUAN — Treasury Secretary Juan Zaragoza admitted Thursday that the reason the accounting firm KPMG has not finished an audit into the government’s finances for 2014 is because the government has failed to give the company all the necessary documents...

    • Posted February 5, 2016
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  • Wal-Mart Civil Trial Challenging Transfer-Pricing Tax Gets Underway

    Wal-Mart Civil Trial Challenging Transfer-Pricing Tax Gets Underway The civil trial in the lawsuit that Wal-Mart Puerto Rico filed against the commonwealth government over the hike in the transfer-pricing tax got underway this week at the federal...

    • Posted February 5, 2016
  • Puerto Rico in the Spotlight Again

    “Just when I thought I was out, they pull me back in,” the famous line by Al Pacino in the role of Michael Corleone of the Godfather trilogy would have been a fitting statement for U.S. Rep....

    • Posted February 4, 2016
  • Treasury Department Raises $9.2 Million Less in December, but Exceeds Expectations

    Net income to Puerto Rico’s general fund in December 2015 totaled $844.8 million, or $9.2 million less than the same month last year, representing a decrease of 1.1%. However, revenues were $2.5 million higher than expectations. In...

    • Posted February 1, 2016
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  • Weekly Comment on Puerto Rico Stocks (1/28/2016)

    Buoyed by higher oil prices, Wall Street finished a very volatile week last Friday with a 2% upswing that marked its first positive five-day period of 2016. Investors’ optimism was pumped even higher on news U.S. home...

    • Posted January 29, 2016
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  • People Don’t Respect the Treasury

    Treasury Secretary Juan Zaragoza, who was the keynote speaker during a tax forum sponsored by the Puerto Rico Society of Certified Public Accountants, announced the privatization of payment plans, the elimination of tax prepayments and payment plans...

    • Posted January 28, 2016
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