P.R. bankruptcy cases up 1.1% through May vs. same 5-month period in ’18
June 5, 2019
The U.S. Bankruptcy Court for the District of Puerto Rico received 3,160 petitions from January to May, when filings were up 1.1% in comparison to the same five-month period in 2018, according to information provided by local research firm Boletín de Puerto Rico. When broken down into categories, about 1,882 of those petitions were from […]
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Study: 33% of P.R.’s 18+ population faces ‘food insecurity’
June 5, 2019
About 33% of Puerto Rico’s population aged 18 and older are at risk of facing food insecurity, according to the findings of the Puerto Rico Food Security Survey released by the Puerto Rico Institute of Statistics. Similarly, 21.7% of those interviewed said in the 12 months prior to the study, there were times when they […]
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House passes $600M for P.R.’s Nutritional Assistance Program, $350M for recovery
June 4, 2019
The U.S. House of Representatives approved H.R. 2157, known as the Supplemental Appropriations for Disaster Relief Act, that includes an additional $600 million for Puerto Rico’s Nutrition Assistance Program, known as PAN for its initials in Spanish. The bill also includes $5 million to study impact on the use of PAN funds in Puerto Rico […]
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Gov’t, NYU School of Professional Studies announce collaboration
June 4, 2019
The government of Puerto Rico and the NYU School of Professional Studies will collaborate to train a group of students on the hospitality industry, Gov. Ricardo Rosselló announced during the 41st New York University International Hospitality Industry Investment Conference. NYU will receive a group of students in Puerto Rico for a two-week campus project, he said, […]
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OBoard looks for out-of-court settlements with government vendors
June 3, 2019
The Special Claims Committee of the Financial Oversight and Management Board for Puerto Rico on Friday launched an informal resolution process that does not require onerous litigation to resolve its recent vendor actions, it announced. The resolution process is designed to resolve the majority, if not all of the vendor claims out of court and […]
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8th edition of P.R. Restaurant Week in full swing
June 3, 2019
The 8th edition of Puerto Rico Restaurant Week, an event designed to allow chefs to showcase their culinary creativity and for foodies to enjoy it, will run through June 10, organizers said. The event enrolls local restaurants that design a fixed-price (“prix fixe”) menu, to draw locals and tourists to their establishments, according to Kinori […]
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Customs: Truthful declarations can help avoid delays during busy summer travel season
June 3, 2019
The Caribbean is among the most favored destinations for travelers during the summer whether flying or enjoying a cruise ship. “While we invite visitors to enjoy all the wonders Puerto Rico, the USVI and our neighboring Caribbean islands offer, we encourage everyone to learn about the CBP process to make their traveling quick and […]
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Op-Ed: Rosselló ignores facts, misleads public about PREPA debt deal, IEEFA says
June 3, 2019
Supporters of the Puerto Rico Electric Power Authority’s proposed debt restructuring agreement — including Gov. Ricardo Rosselló and PREPA Executive Director José Ortiz — have recently argued that the rate increase imposed by the agreement will be mitigated by operational savings that will lower electricity rates. The governor’s and PREPA’s public statements about rate decreases […]
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Georgia’s potential troubles as film mecca could bring windfall to P.R.
May 31, 2019
Puerto Rico’s film industry could stand to win from the controversy stirring in Georgia, where a proposed anti-abortion measure is already causing major Hollywood actors and movie houses to threaten boycotting the state and moving their productions elsewhere if it passes. Georgia is known for the sweeping incentives it offers the film sector, drawing scores […]
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JetBlue increasing peak summer service to P.R. by 7%
May 31, 2019
JetBlue, Puerto Rico’s largest air carrier, announced that it has increased the number of seats it will offer to the island during the peak summer season by 7% over the same period in 2018. The increase in available seats comes amid a growing trend in demand from tourists and Puerto Ricans living on the mainland […]
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‘Boost Grant’ program launched to support students, researchers
May 31, 2019
A trio of nonprofits — the Puerto Rico Science, Technology and Research Trust, AAAS Caribbean and Ciencia Puerto Rico — have joined forces to launch the “Boost Grant,” aimed at giving continuity to the “Post Hurricane María Aid for Researchers” program. The funds — broken down into 24, $1,000 grants — will go to support […]
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P.R.’s Economic Activity Index up 1.6% Y-O-Y in April
May 31, 2019
Puerto Rico’s Economic Activity Index for the month of April 2019 reflected a 1.6% increase, to 121.3, when compared to the same month in 2018, Economic Development Bank President Gerardo J. Portela said. “The EAI for April 2019 reflects a reduction of 0.1% compared to the result obtained in March this year,” he said. “The […]
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Oversight Board refers 3 P.R. gov’t agencies, 11 towns to local, federal authorities
May 30, 2019
The Financial Oversight and Management Board for Puerto Rico announced it has referred to the local and federal Justice Departments three government entities and 11 municipalities that allegedly failed to transfer some $4.5 million in withholdings for defined contribution plans into individual employees’ retirement accounts. “One of the Oversight Board’s highest priorities is to maintain […]
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Earth Gift opens 2nd medicinal cannabis clinic, launches ‘artisanal’ crop
May 30, 2019
Two years after entering the island’s medicinal cannabis market with the opening of its first location in Carolina, Earth Gift announced the addition of a new clinic in Trujillo Alto and the establishment of a proprietary “artisanal” crop. The new location entailed a $160,000 initial investment, while the crop, which features a unique strain of […]
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3 Puerto Rican ‘paradores’ receive excellence awards from TripAdvisor
May 30, 2019
Three local “paradores,” or small inns, each received TripAdvisor Excellence Awards, the Small Inn Owners Association announced. The Combate Beach Resort, Guanica 1929, and Villas Sotomayor received the “Certificate of Excellence” in recognition of their quality and service in hospitality. The award is granted to establishments listed at the top 10% level in the world […]
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