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Tag Results for "Puerto Rican Economy"

Bond Market Turns Against Puerto Rico

Puerto Rico's government is monitoring the market for its long-term debt, whose interest rates have soared above 10 percent, threatening planned bond issues. continue reading »

Puerto Rico to Improve Public Housing with $100 Million in Federal Funds

The U.S. Department of Housing and Urban Development allocated more than $100 million to improve public housing projects in Puerto Rico. The executive director of the Puerto Rico Federal Affairs Administration, Juan Eugenio Hernandez Mayoral, said that the budget was determined by the U.S. government's Capital Improvement Program with the aim of building, repairing, renovating and modernizing public housing on the Caribbean island. continue reading »

Gas Price Hike Upsets Puerto Ricans

Puerto Rican consumers are expressing their discontent with the increase in gasoline prices resulting from the government's near-doubling of a tax on fuel wholesalers. continue reading »

Puerto Rico Expects to Net Some $100M from Tax Amnesty

The Puerto Rican government expects to net around $100 million from a tax amnesty that expires June 30, Treasury Secretary Melba Acosta said Wednesday. continue reading »

Movie Productions Pumps $20 Million into Puerto Rican Economy

Currently underway in Puerto Rico are several movie productions that will pump some $20 million into the local economy, the executive director of the state-run Puerto Rico Film Commission, Demetrio Fernandez, said. continue reading »

IKEA May Be Heading to San Juan, Puerto Rico

According to Caribbean Business, Spanish-language newspapers are reporting Swedish furnishing store IKEA is looking to open a store in Puerto Rico. Though the Swedish company previously considered a stor continue reading »