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Economy

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Economy

Avelo Airlines Adds Two New Routes to Aguadilla, Expanding Economic Activity in Puerto Rico’s West Coast

Avelo Airlines will launch two new nonstop routes to the Rafael Hernández Airport in Aguadilla this November, a move the Puerto Rico Tourism Company (CTPR) says will strengthen visitor traffic and economic activity outside the San Juan metropolitan area. CTPR Executive Director Willianette Robles Cancel announced Wednesday that ticket sales have begun for flights from […]

Eva Llorens
Mexico’s Inflation Slows to 3.55% in Mid-June as Consumer Prices Ease
Economy

Mexico’s Inflation Slows to 3.55% in Mid-June as Consumer Prices Ease

MEXICO CITY — Mexico’s annual inflation rate slowed to 3.55% during the first half of June, down from 3.94% recorded in May, extending a downward trend after three consecutive months of increases, according to data released Wednesday by the National Institute of Statistics and Geography (INEGI). The consumer price index (CPI) declined 0.11% compared with […]

Caribbean Business Staff
construction worker in hard hat on building frame
Economy

Sweeping Substitute Bill Proposes Complete Overhaul of Puerto Rico’s Permitting System

Puerto Rico is poised to dismantle and rebuild its permitting system under a sweeping substitute bill expected to advance this week, a far‑reaching overhaul that would fold more than 40 statutes into a new Planning and Permitting Code, reorganize key agencies, and sharply redefine how permits are reviewed, granted, and enforced. The measure, which merges […]

Eva Llorens
man in orange and black vest wearing white helmet holding yellow and black power tool
Economy

House Votes to Abolish Minimum Wage Commission, Shifting Wage‑Setting Power Back to Legislature

In a divided vote, the House of Representatives approved legislation to dismantle the island’s independent Minimum Wage Evaluation Commission and restore full authority over wage‑setting to the Legislature, a move that immediately triggered warnings from minority lawmakers that workers will be left behind. House Bill 1115 now heads to the Senate as the governing New […]

Eva Llorens
Wall Street Opens Mixed as Investors Watch U.S.-Iran Talks in Switzerland
Economy

Wall Street Opens Mixed as Investors Watch U.S.-Iran Talks in Switzerland

NEW YORK — Wall Street opened mixed Monday as investors closely monitored negotiations between the United States and Iran in Switzerland aimed at reaching a final agreement to resolve ongoing tensions between the two countries. Ten minutes into trading, the Dow Jones Industrial Average rose 241 points, or 0.47%, to 51,806. The S&P 500 gained […]

Caribbean Business Staff