Economists: Several aspects of PROMESA illegal, harmful
June 27, 2016
Members of the Puerto Rico Economists Association believe there are several aspects of the Puerto Rico Oversight, Management, and Economic Stability Act that are unconstitutional, saying the disruption they could bring to the island are “incalculable.”
chat_bubble0 Comment
visibility4349 Views
Cost of living in SJ metro area 11.6% higher than U.S.
June 20, 2016
Living in the Metropolitan Statistical Area of San Juan-Carolina-Caguas is 11.6 percent higher than the average for other metropolitan areas of the United States mainland, the most recent data revealed by the Puerto Rico Statistics Institute confirmed.
chat_bubble0 Comment
visibility4430 Views
Liberty Business, Adtran to offer enhanced connectivity
June 8, 2016
Liberty Business, Liberty Puerto Rico’s business division, announced Tuesday it has selected ADTRAN Inc. as a networking and communications equipment provider to further enhance its service and connectivity capacity for Puerto Rico’s business sector.
chat_bubble0 Comment
visibility4007 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
visibility5235 Views
Claro, Piloto 151 join to back start-up tech community
May 27, 2016
Telecommunications provider Claro and Piloto 151 announced Thursday a partnership to provide Puerto Rico’s technological start-up community the infrastructure, mentoring and training needed for their growth, representatives for both companies confirmed.
chat_bubble0 Comment
visibility4821 Views
Backyard Bondholders support fiscal control board
May 19, 2016
Backyard Bondholders, a nonprofit organization representing individual Puerto Rico creditors, on Wednesday said it favors the adoption of a fiscal control board to facilitate an orderly debt restructuring process.
chat_bubble0 Comment
visibility2898 Views
P.R. loses another major convention over Zika fears
May 18, 2016
The Internet Corporation for Assigned Names and Numbers (ICANN) confirmed Tuesday the cancellation of its upcoming convention slated to take place in San Juan, due to concerns related to the Zika virus, Akram Atallah, first president of ICANN's global domains division, said.
chat_bubble0 Comment
visibility3181 Views
Tech Summit returns looking to ‘break paradigms’ in ’16
May 13, 2016
The Tech Summit 2016, the most important technological event in Puerto Rico and the Caribbean, returns for its fourth edition under the theme “The Strategy is Delivery.”
chat_bubble0 Comment
visibility3051 Views
Study: 29 U.S. municipal funds exposed to P.R. bonds
May 10, 2016
As many as 29 out of 562 U.S. municipal bond funds currently carry an exposure to Puerto Rican bonds greater than 5 percent, some with an estimated exposure approaching 50 percent.
chat_bubble0 Comment
visibility3245 Views
Parallel18 opens call for 2nd group of startups
May 10, 2016
Parallel18 announced Monday its call for applications for the second group of startups, each of which can receive $40,000 as a no-equity grant.
chat_bubble0 Comment
visibility3274 Views
Liberty Business launches its new corporate identity
May 10, 2016
Liberty Business, Liberty Puerto Rico’s business division, on Monday launched its own corporate identity along with its dedicated website, logo and media campaign with the slogan “A tu medida.”
chat_bubble0 Comment
visibility2891 Views
Moody’s: Default foreshadows long battle to restructure
May 9, 2016
Although the government of Puerto Rico paid its General Obligation bonds and guaranteed debt due May 1, which totaled about $103 million, Moody’s Investors Service believes it will enter into an eventual default of these bonds in the absence of a federal stay on litigation.
chat_bubble0 Comment
visibility2978 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
visibility3746 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
visibility5844 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
visibility2514 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA