Archive for May, 2016

OMB: Paying GO debt in full in ’17 could imply layoffs
May 31, 2016, No Comments

If the government of Puerto Rico were to pay the full amount due next year in GO debt would require laying off more than ...

GDB waiting for ‘global’ restructuring offer for $48B debt
May 31, 2016, No Comments

The Puerto Rico Government Development Bank is waiting for creditors to submit a “global” restructuring offer that w ...

Private sector balks at PREPA’s planned rate hikes
May 27, 2016, No Comments

Puerto Rico’s private sector, represented by more than 20 organizations, on Thursday banded together to reject the pro ...

Caribe Health Summit taking place in P.R. June 9th
May 27, 2016, No Comments

The Caribe Health Summit, the most important medical tourism industry event of the Caribbean, will be held in Puerto Ric ...

Claro, Piloto 151 join to back start-up tech community
May 27, 2016, No Comments

Telecommunications provider Claro and Piloto 151 announced Thursday a partnership to provide Puerto Rico’s technologic ...

Fla. firm pays off $14.5M Sheraton Old San Juan loan
May 27, 2016, No Comments

Florida-based Consolidated-Tomoka Land Co. announced Thursday the pay off of its $14.5 million first mortgage loan secur ...

U.S. Ag Sec to make 1st official visit to P.R. next week
May 27, 2016, No Comments

Agriculture Secretary Tom Vilsack will make his first official visit to Puerto Rico starting next Tuesday, when he will ...

PROMESA advances to House floor; CNE won’t endorse
May 26, 2016, No Comments

The PROMESA Act (H.R. 5278), the bill aimed to address Puerto Rico’s debt crisis, passed in the U.S. House Natural Res ...

MER Group opens $12M ship recycling facility in Ceiba
May 26, 2016, 2 Comments

The Marine Environmental Remediation Group, flanked by Puerto Rico government officials, announced Wednesday the agreeme ...

Agro Tropical wins ‘EnterPRize’ competition
May 26, 2016, No Comments

Agro Tropical, Inc., a Puerto Rican start-up that produces sustainable high quality agricultural products, including veg ...