Squeezed by a decline in demand for its print telephone directories as consumers and advertisers turn their attention to online and mobile versions of the bulky book, Caribe Media Inc. filed for Chapter 11 bankruptcy protection Tuesday in Delaware.
The number of bankruptcy cases filed on the island in the month of April represented an 11 percent drop in comparison to the same month last year, Boletín de Puerto Rico reported Monday.
The survey that will determine Puerto Rico’s ranking in this year’s World Economic Forum’s Competitive Report has been distributed to members of the local business community, who the Puerto Rico Chamber of Commerce is urging to fill it out to help paint a clear picture of the island’s current standing.