Jan 31, 2025 · The reason Puerto Rico is lacking alot of is due to big corps and the PR government at keeping wages very low and exploiting the people With unfair wages and benefits.The other problem is the Jones act which only give 2 company control just like Hawaii of all goods coming and going.Buy doing all this the young ones go to the main land to maintain a better life.It also give maga rich the money ...

5 days ago · “Retaining the existing population and attracting people to return is crucial to strengthening the economy and the manufacturing industry, which accounts for about 46% of the country’s income. This effort requires a multisectoral approach that encompasses both social and economic factors. ” — Ramón Vega-Alejandro, executive director, Puerto Rico Manufacturing Extension (PRiMEX)

Apr 4, 2025 · Estudios Técnicos says trade shifts could raise costs but also drive manufacturing and agriculture growth on the island. The latest round of reciprocal tariffs announced by President Trump is already rippling through global markets, and Puerto Rico may face both economic challenges and strategic opportunities as a result, according to a new study by the Economic Analysis and Policy Division ...

6 days ago · Dennis Costa is a writer, editor and journalist with more than 20 years of experience covering Puerto Rico's business community, including lengthy stints as writer and editor at Caribbean Business …

5 days ago · The comprehensive directory aims to promote local businesses and provide insights into the island’s economy. The Puerto Rico Chamber of Commerce (PRCC) has announced the launch of BizData Book 2025, a publication that will feature a robust directory of prominent companies in Puerto Rico, categorized by sector and size.

5 days ago · The Puerto Rico-based bank sees a strong start to 2025 with credit gains and digital investments. OFG Bancorp, the parent company of Oriental Bank, reported first-quarter 2025 core revenues of $178.3 million, a 2% increase from $174.2 million in the same quarter last year, though slightly below the $181.9 million posted in the fourth quarter of 2024.

6 days ago · New York Rep. Nydia Velázquez seeks to make digital asset income federally taxable for mainland investors on the island. As crypto-linked migration to Puerto Rico continues drawing scrutiny, Democratic Rep. Nydia M. Velázquez of New York has introduced the Fair Taxation of Digital Assets in Puerto Rico Act, a bill that would end what she calls a federal tax loophole used by wealthy ...

6 days ago · The facility will offer accessible therapeutic and wellness services for underserved communities in Puerto Rico. The YMCA of San Juan has officially begun construction on a new Aquatic Center that will offer accessible rehabilitation and wellness services for communities in San Juan and surrounding areas.

4 days ago · The Puerto Rico-based bank’s earnings rose on stronger net interest income and stable deposit growth. First BanCorp, parent company of FirstBank Puerto Rico, reported net income of $77.1 million for the first quarter of 2025, up 5% from $73.5 million in the same period last year. Earnings per diluted share rose to $0.47 from $0.44.

5 days ago · San Juan airport revenue rose 27.9% as international and domestic travel continued to grow. The Luis Muñoz Marín International Airport (airport code SJU) reported a 10.6% year-over-year increase in passenger traffic for the first quarter of 2025, according to financial results released by Grupo Aeroportuario del Sureste (ASUR).