AGP Executive Report
Last update: 10 hours agoIndustrial Investment: PRIDCO unveiled a 10-year modernization plan, targeting $9 million in annual capital improvements and more than 1.1 million square feet of industrial space for businesses. Cost Relief: The governor’s administration proposed suspending sales tax on prepared foods in November and December to ease household costs, but the measure still needs approval from the fiscal oversight board. Health Sector: Puerto Rico’s insurance commissioner opened an investigation into health insurers’ provider credentialing practices amid complaints of delays and duplicate paperwork. Energy Costs: Lawmakers introduced measures to reduce electricity bills as rising rates threaten businesses, including community pharmacies. Business Outlook: Investor Nicholas Prouty described his long-term bet on Puerto Rico, pointing to Ciudadela’s role in San Juan’s urban revival. Banco Popular also reported a 26% year-over-year increase in third-quarter earnings.
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