Ciudadela de Cayey, a $200 million outlet mall that, if built, would be a third of the size of Puerto Rico's largest mall stands to dramatically alter the physical and economic landscape of the town of Cayey but the ambitious project has raised bitter opposition and is currently stalled due to a lawsuit over the permitting process.
Bankruptcy filings were up 26 percent year-over-year in December, when a total of 1,044 cases were filed, according to preliminary figures released Monday by research firm Boletín de Puerto Rico.
The Puerto Rico Products Association unveiled Monday its “agenda for Puerto Rico’s socio-economic prosperity,” which pursues a three-pronged strategy to promote, develop and optimize the local industry to effectively insert the island into a global and competitive economy.
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