US House clears PROMESA Act with amendments
June 10, 2016
Following an all-day session, the U.S. House passed H.R. 5278, known as the Puerto Rico Oversight, Management, and Economic Stability Act (“PROMESA”) on Thursday, with a bipartisan vote of 297-127 and a number of amendments.
chat_bubble0 Comment
visibility3261 Views
28 proposals picked for 1st edition of ‘StartUp Popular’
June 9, 2016
Twenty eight proposals from local entrepreneurs were chosen the winners of the first edition of Popular Inc.’s “StartUp Popular” initiative, which seeks to promote entrepreneurship and the economic development of Puerto Rico, bank officials said Wednesday.
chat_bubble0 Comment
visibility2853 Views
Auto sales show steady growth for 2nd month in a row
June 8, 2016
Puerto Rico new auto sales held on to positive results for the second consecutive month in May, when some 6,828 units were sold, representing a 4.3 percent growth, the United Automobile Importers Group (known as GUIA by its Spanish acronym) informed Tuesday.
chat_bubble0 Comment
visibility3224 Views
New home insurer offers 20% refund for clean slate
June 8, 2016
Following the success achieved with auto accident insurance firm Point Guard, the founding trio of entrepreneurs are now launching Puerto Rico Home Insurance, offering the only local home insurance policy that reimburses consumers 20 percent of their annual premium if they have no claims during the coverage year.
chat_bubble0 Comment
visibility4488 Views
Walmart launches fundraiser for P.R. Olympic team
June 8, 2016
Walmart Puerto Rico announced Tuesday an alliance with the Puerto Rico Olympic Committee to launch a fundraising campaign to support athletes training to represent the island in the next Olympic event in Brazil.
chat_bubble0 Comment
visibility3357 Views
G25 credit unions unveil debt restructuring proposal
June 7, 2016
Twenty-five members of Puerto Rico’s credit union sector unveiled today in New York a proposal to restructure the bulk of the government’s outstanding public debt, which calls for reducing the payment burden and providing guarantees to creditors.
chat_bubble0 Comment
visibility3090 Views
EDB limits credit lines to $500K from $5M due to crisis
June 7, 2016
As part of a strategy to face the government’s current liquidity challenges and continue contributing to the island’s economic development, the Puerto Rico Economic Development Bank announced Monday it will be capping credit lines at $500,000 from the $5 million limit it formerly offered.
chat_bubble0 Comment
visibility3153 Views
P.R. tourism leaders agree on need for industry stats
June 6, 2016
More than a handful of local tourism leaders gathered for a panel discussion hosted by the Foundation for Puerto Rico concurred there is a need for a multi-sector tourism statistics database to be able to gauge the visitor economy and its economic impact.
chat_bubble0 Comment
visibility2474 Views
Toyota Dealers Assoc. backs pediatric cancer patients
June 6, 2016
The Toyota Dealers Association will be donating $100 to the CAP Foundation for every homerun connected by the Superior Double A Baseball League through the end of the season that ends in August to support pediatric cancer patients receiving treatment at the Medical Center Pediatric Hospital.
chat_bubble0 Comment
visibility3597 Views
Study casts doubt on legality of Puerto Rico debt
June 3, 2016
An independent commission established by Puerto Rico's government has issued a report casting doubt on the legality of the island's debt, which could be declared null by a court if it decides the Commonwealth borrowed without authorization.
chat_bubble0 Comment
visibility5276 Views
P.R. ranks dead last in fiscal solvency among U.S. states
June 2, 2016
A study by the Mercatus Center at George Mason University released Wednesday showed that on the basis of its fiscal solvency in five separate categories, Puerto Rico ranks 51st among the U.S. states and the island itself for its fiscal health.
chat_bubble0 Comment
visibility5187 Views
Lafayette Hospital now part of San Lucas health system
June 2, 2016
Effective Wednesday and following a $2 million investment, the healthcare facility known as the Lafayette Hospital in Arroyo became part of the San Lucas Episcopal Health System and will begin operating under a new name: the San Lucas Arroyo Emergency and Integrated Medicine Center.
chat_bubble0 Comment
visibility8669 Views
Roche Diabetes Care pumping $60M into Ponce plant
June 1, 2016
Roche Diabetes Care and Puerto Rico government officials announced Tuesday the expansion of the Roche Operations Ltd. manufacturing facility in Ponce, where the company will invest $60 million over the next two years.
chat_bubble0 Comment
visibility5264 Views
Gov’t adopts tool to track airport passenger, cargo traffic
June 1, 2016
Looking to ease the analysis of activity taking place in Puerto Rico airports to support the tourism and aviation industries, as well as track migration patterns, the Puerto Rico Ports Authority and the Puerto Rico Statistics Institute unveiled the “Aviation Intelligence” online tool.
chat_bubble0 Comment
visibility3222 Views
OMB: Paying GO debt in full in ’17 could imply layoffs
May 31, 2016
If the government of Puerto Rico were to pay the full amount due next year in GO debt would require laying off more than 3,400 public workers, among other adjustments.
chat_bubble0 Comment
visibility4849 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA