AGP Executive Report
Last update: 8 hours agoWater & Power Reliability: Puerto Rico’s business community is pushing back hard after water and energy failures hit day-to-day operations, with retailers and restaurants warning the disruptions are eroding investor confidence and forcing extra costs to keep businesses running. Economic Development Governance: The Association of Industrialists of Puerto Rico is urging officials to keep economic development insulated from political disputes, arguing that controversies around tax incentives and decrees are scaring off capital. PREPA Budget Update: The Financial Oversight and Management Board certified PREPA’s 5th revised FY2026 budget, aligning spending with new electricity rate determinations and setting a systemwide revenue requirement of $1.78B. Incentives Oversight: A GAO review highlights persistent oversight gaps in Puerto Rico’s investor incentive programs, including issues with residency reporting to the IRS. Legal/Prosecutorial Moves: OPFEI appointed independent prosecutors to investigate former OGPe officials tied to alleged improper intervention in agency operations. Regional Business: Visa named Jorge Salum to lead expanded Greater Caribbean operations, reshaping leadership across 22 markets (excluding Puerto Rico and the Dominican Republic). Sports Business: MLB owners floated a major amateur-entry overhaul that would ban high school signings in the domestic draft and expand an international draft—an industry shift with big implications for talent pipelines.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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