Puerto Rico

Like it or not, getting wealthy individuals to move to the Island in order to avoid U.S. taxes appears now to be a cornerstone of Puerto Rico's growth drive and is characteristic of the country's eternal search for a quick and painless way to grow.

It is virtually impossible to predict what would happen if Puerto Rico's financial situation deteriorated to the point where it could no longer repay its debts, experts on distressed municipalities said Thursday.

Puerto Rico Gov. Alejandro García Padilla's State of the Commonwealth speech won praise from municipal analysts, even though some quibbled with his claim that the budget would be balanced in the coming fiscal year.

In advance of Puerto Rico Gov. Alejandro García Padilla's budget speech Tuesday evening, analysts were hopeful that the budget would be a major step forward.

Puerto Rico Gov. Alejandro García Padilla will propose a balanced budget and a four-year economic plan Tuesday night, his chief of staff said.

Puerto Rico's economic activity index was up 0.6% in March from February.

To aid Puerto Rico's struggling economy, Gov. Alejandro García Padilla plans to incorporate ideas from a growth and competitiveness task force in his state of the commonwealth speech.

Puerto Rico's employment situation continued improvement in March.

The Government Development Bank of Puerto Rico has posted its auditor's report on fiscal 2013 showing the GDB's exposure to the Puerto Rico Highways and Transportation Authority.

If Puerto Rico cannot find a way to address the deficit in the commonwealth’s teachers' pension, it would be a credit negative, said Fitch and Standard & Poor's.

Puerto Rico's Supreme Court has declared unconstitutional the teachers' pension reform passed by the Puerto Rico government in December.

After seven years where Puerto Rico's economy generally declined, several economists say there are signs that it is stabilizing.

Puerto Rico's March net revenues came in 1.2% below projections.

A Puerto Rico's House of Representatives committee is rewording Senate-passed energy bills to bar private companies from selling electricity to retail customers.

A Government Development Bank of Puerto Rico spokesman Wednesday denied a report that the Puerto Rico Ports Authority planned to sell a bond by the end of June.

A new study projects that Puerto Rico could receive billions of additional federal dollars if it became a state, information that some observers said could inject new life into the statehood debate on the financially troubled island.

Puerto Rico's Economic Activity Index in February was unchanged from the January value.

Puerto Rico's unemployment rate fell to 15.0% in February from 15.2% in January.

Dozens of dealer sales of Puerto Rico bonds to customers that violated the $100,000 minimum denomination requirement, and were then cancelled, have been erased from EMMA or altered as if they never occurred.

Puerto Rico's leaders are at odds with each other over a potential privatization of the Puerto Rico Electric Power Authority.