One year after Judge Laura Taylor Swain approved the agreement on the Sales Tax Financing Corp. (COFINA, in Spanish) bonds which, with the consent of a majority of the members of the Puerto Rican legislature, was presented by the executive and the Financial Oversight and Management Board to the bondholders, a study by economist Daniel […]
This week, a federal jury returned a guilty verdict against the former mayor of Gurabo for extorting $125,000 from a government contractor in exchange for paying eight outstanding invoices for services previously rendered. Last week, the Financial Oversight and Management Board for Puerto Rico (FOMB) reminded the government that a recent executive order setting aside […]
Travel accommodations platform Airbnb confirmed that some 100,000 visitors booked through its platforms for stays in Puerto Rico during five weekends in 2019, generating more than $19 million for local hosts. The weekends of April 19, July 5, 19 and 26 and Dec. 27 received the most tourists and bookings in a space offered on […]
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