New tenants moving into Plaza Las Américas
May 17, 2016
The Plaza Las Américas shopping mall is ushering in several new tenants in coming months, including Zapaventura, BienLatino, a second store Starbucks and Olive Garden.
chat_bubble0 Comment
visibility3733 Views
Iberia reestablishes direct Madrid-P.R. air connection
May 16, 2016
Puerto Rico government officials welcomed Sunday the return of Spanish airline Iberia, which has resumed direct flights after a three-year absence.
chat_bubble0 Comment
visibility4798 Views
Court: Gov’t will have to turn over bondholder info
May 13, 2016
After nearly a year of litigation, the Center for Investigative Journalism on Thursday confirmed another legal victory in its battle against the Government Development Bank for Puerto Rico to gain access to information about the hedge funds that hold the Commonwealth’s public debt.
chat_bubble0 Comment
visibility3189 Views
Governor, private sector lobby directly with Ryan
May 12, 2016
Puerto Rico Gov. Alejandro García-Padilla and members of the island’s private sector held meetings with key lawmakers in Congress, including U.S. House Speaker Paul Ryan, to discuss the bill that would address the Commonwealth’s fiscal crisis.
chat_bubble0 Comment
visibility2756 Views
García-Padilla meets with creditor advisors in NYC
May 11, 2016
Puerto Rico Gov. Alejandro García-Padilla met with a group of unidentified advisors to the Commonwealth’s creditors to communicate, first hand, the need for Puerto Rico reach a broad restructuring of its $70 billion public debt to sustainable levels, his office said Tuesday.
chat_bubble0 Comment
visibility4149 Views
U.S. Health Dept. awards $5.6M to 6 P.R. care centers
May 6, 2016
The U.S. Department of Health and Human Services announced Thursday it has assigned more than $5.6 million to six rural primary health care centers in Puerto Rico to renovate, expand or build facilities.
chat_bubble0 Comment
visibility4150 Views
Economist: GDB liquidation could be messy proceeding
May 5, 2016
A liquidation of the Government Development Bank for Puerto Rico could be a messy proceeding, because there is no precedent for determining how debt responsibilities and assets would be assigned, Economist and Professor Antonio Fernós-Sagebien predicted Wednesday.
chat_bubble0 Comment
visibility3707 Views
EVERTEC unveils updated mobile payment solution
May 5, 2016
Electronic transaction processing firm EVERTEC announced Wednesday the availability of the new version of its mobile payment solution, EVERPay mPOS.
chat_bubble0 Comment
visibility3422 Views
P.R.-based e-transactions firm Paytech becomes Accepta
May 4, 2016
PayTech Corp., a Puerto Rican operation with a track record of more than 12 years in the electronic payment processing and financial technology industries, announced Tuesday the sale of its assets to Accepta LLC., through $2 million capital investment deal.
chat_bubble0 Comment
visibility5778 Views
DIRECTV, AT&T Mobility consolidate P.R. operations
May 4, 2016
José Juan Dávila, vice president and current CEO of AT&T Mobility has been named the head of both the wireless carrier and DirecTV, which will begin consolidating their Puerto Rico operations as part of the $50 billion merger agreement completed last year.
chat_bubble0 Comment
visibility4134 Views
Politicians, analysts, creditors react to gov’t debt default
May 3, 2016
The Puerto Rico government’s decision to default on a portion of the $470 million in debt service payments due Monday drew reactions from politicians, analysts and creditors alike, who both urged Congress to act on the Commonwealth’s behalf and predicted long court battles ahead.
chat_bubble0 Comment
visibility2842 Views
Bankruptcies skyrocket in April, with individuals leading
May 3, 2016
The number of bankruptcy cases filed in Puerto Rico skyrocketed last month, when an astounding 19.5 percent more petitions for protection from creditors were filed at the local court, research firm Boletín de Puerto Rico revealed Monday.
chat_bubble0 Comment
visibility2496 Views
P.R. gov’t will fall $367M short in May debt payment
May 2, 2016
Calling on Congress to take swift action to create a debt restructuring mechanism and saying resources are “scarce,” Puerto Rico Gov. Alejandro García-Padilla confirmed Sunday he has ordered a moratorium on the debt service payments due from the Government Development Bank.
chat_bubble0 Comment
visibility2740 Views
SME study: 2M+ people in P.R. are online daily
April 29, 2016
More than 2 million people in Puerto Rico interact daily on a social network through their phone, computer or tablet — a trend that continues to rise, affecting the way they communicate, their consumption patterns, information search and content preferences.
chat_bubble0 Comment
visibility4500 Views
CNE stresses ‘sense of urgency’ for Congressional action
April 29, 2016
Center for a New Economy representatives on Thursday stressed the urgency for Congressional action, but cautioned that any bill approved in Washington must provide Puerto Rico with a debt restructuring mechanism “that will actually work.”
chat_bubble0 Comment
visibility2975 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA