Rosselló proposes $9.6B budget, $500M higher than Oversight Board
June 10, 2019
Gov. Ricardo Rosselló will present a $9.6 billion budget for Fiscal 2020 to the Legislature that defies the Financial Oversight and Management Board for Puerto Rico’s proposal, which is $500 million lower. During his Budget Address delivered in Ponce, Rosselló said the budget is “based on a new methodology, in which results can be measured […]
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The hidden reason for lack of insurance payments after Hurricane María
June 10, 2019
By Miguel Díaz-RománCenter for Investigative Journalism The ongoing nightmare of thousands of policyholders whose claims after Hurricane María have not been paid, or whose payment was not enough to cover the losses, could have been avoided if the island’s Catastrophic Reserve had not been reduced by amendments promoted by insurance companies with the consent of […]
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Access to data, security vital to remote workforce
June 10, 2019
From emails, videoconference calls to immediate access to data, remote work through multiple devices and mobile applications is part of the daily routine of today’s workforce. According to a recent report, the global mobile workforce will increase to 1.87 trillion people by 2022, which represents 42.5% of the global workforce. While the virtual digital office […]
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New head of PRMA wants to ‘insert manufacturing back into gov’t discussion’
June 6, 2019
Although he has been in his new post as president of the Puerto Rico Manufacturers Association for less than a week, Carlos Rodríguez already has a number of goals he wants to accomplish during his tenure. First on the list is re-inserting the manufacturing sector in the government discussion. “There was a time when we […]
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Vieques Air Link invests $800K to expand flights to St. Thomas by year’s end
June 6, 2019
Local airline Vieques Air Link, which has been connecting Puerto Rico to the island municipalities of Vieques and Culebra for 10 years, will begin flying to St. Thomas for the first time starting later this year. Carlos Rodríguez, president of the company, confirmed that two new Cessna 402 aircraft were purchased for $800,000 in preparation […]
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Town of Naranjito to receive $300K EPA Brownfields Assessment Grant
June 6, 2019
The U.S. Environmental Protection Agency selected 149 communities across the country including the Municipality of Naranjito to receive funding for brownfield site revitalization to help local governments redevelop vacant and unused properties, transforming communities and local economies. The mountain town will receive a $300,000 Brownfields Assessment Grant to assess sites for hazardous substances and petroleum […]
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Gasoline retailers to take battle against Costco gas station to P.R. Supreme Court
June 6, 2019
The years-long battle the local Gasoline Retailers Association has waged against the permit process allowing Costco Wholesale to build a station in Carolina took a new turn Wednesday, when the trade group said it will scale its complaint to the Puerto Rico Supreme Court. Costco first applied for a permit to build a gas station […]
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$120M Hyatt Regency Coco Beach Resort to open in the fall
June 5, 2019
The former Gran Meliá Puerto Rico Hotel has been acquired by a trio of companies that will reopen in the fall as the Hyatt Regency Coco Beach Resort, government and company officials announced. The hotel will operate as The Resort at Coco Beach, a Hyatt affiliated hotel, from July 2019 until the renovation is completed […]
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PREPA pushes back against court-agreed document turnover, defendants say
June 5, 2019
The Puerto Rico Electric Power Authority attempted to go back on the agreement it had reached with nonprofit organization CAMBIO and the Institute for Energy Economics and Financial Analysis (IEEFA) to deliver public documents related to utility’s, as well as electrical system data, by June 7, the nonprofits said. Six days after making this commitment, […]
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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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