After more than five years, the US District Court for the District of Puerto Rico approved a Plan of Adjustment that reduces the commonwealth’s debt by 80% and saves Puerto Rico more than $50 billion in debt service payments. Among other matters, the plan orders modifying some $33 billion in central government obligations. In a […]
In mid-2021, McKenzie & Associates surveyed hundreds of C-suite level Puerto Rican business leaders for its “2022 Puerto Rico Market Sentiment Report,” confirming mostly optimism for their operations this year. A sample of 135 leaders grouped into nine industry classifications provided responses to the survey. Of those 123, or 91%, believe their sales will grow […]
It was not exactly music to their ears for many show business entrepreneurs at the end of the last century. The initial attack that collapsed the traditional song distribution industry came from Netscape in 1999. Then it was Apple’s iTunes, followed by Spotify, and now its cryptocurrency creeping into the $65 billion music business worldwide. […]
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