Puerto Rico

BMI View: Multinational pharmaceutical companies will open more manufacturing facilities in Foreign Trade Zones (FTZs) in Puerto Rico to benefit from the low tax rate and below-average... 2012-01-09

Puerto Rico's unemployment rate declined slightly to 15.2% y-o-y in November 2011, though the participation rate also declined to 40.5%. We do not see unemployment moderating significantly... 2012-01-09

Governor Luis Fortuño signed four bills into law in late December which were aimed at fighting crime and aiding victims. One law requires those accused of violent crimes, weapons sales... 2012-01-09

Puerto Rican Governor Luis Fortuño is coming under fire from the opposition Partido Popular Democrático, whose secretary general criticised the governor for supporting members of... 2011-11-29

BMI View: Puerto Rican consumer price inflation came in at 4.1% y-o-y in September, which confirms the acceleration of inflationary pressures in the island since December 2010. This... 2011-11-29

As downside risks to Puerto Rico's already weak economic growth persist, we warn that the threat of social instability remains elevated, in particular as the island's government continues... 2011-10-05

We forecast inflation to slow in 2012 as we expect a moderation of oil prices from US$101.90/bbl in 2011 to US$95.0/bbl in 2012. Indeed, transportation prices -which are largely driven... 2011-10-05