Nonprofit Espacios Abiertos closer to accessing Fiscal Plan data
April 4, 2018
A decision by San Juan Superior Court Judge Anthony Cuevas pushed nonprofit organization Espacios Abiertos closer to gaining access to the debt sustainability analysis the Puerto Rico government used to draft the Fiscal Plan.
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Grupo Guayacán opens call for 10th edition of Guayacán Venture Accelerator
April 3, 2018
Grupo Guayacán Inc. (GGI) announced the start of its annual call for applications for the 10th edition of the Guayacán Venture Accelerator (GVA), an entrepreneurial education and development program for established companies seeking new growth opportunities.
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Assured Guaranty: P.R.’s latest fiscal plan projects $6B surplus
March 29, 2018
Puerto Rico had greater financial resources than it previously claimed, but there continues to be little transparency in the process, and audited financial statements still have not been produced since 2014, said Dominic Frederico, CEO of Assured Guaranty Ltd., which holds government debt.
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Grupo Guayacán kicks off 13th edition of its EnterPRize business competition
March 29, 2018
Grupo Guayacán Inc. (GGI) announced the official kick-off of its 2018 EnterPRize Business Competition.
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Manufacturers convey to PREPA’s new chief urgency for ‘viable service’
March 28, 2018
The Puerto Rico Manufacturers Association sent a letter to the new executive director of the Puerto Rico Electric Power Authority, Walter Higgins, stressing the need for “environmentally friendly and cost effective electric service.”
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New gov’t conditions send ripples through P.R.’s medicinal cannabis sector
March 28, 2018
In recent weeks, two Puerto Rico government entities have sent out letters to medicinal cannabis clinics, as well as physicians, imposing conditions that could negatively affect the growing sector, this media outlet confirmed.
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Coalition promotes co-op model to transform P.R.’s electrical system
March 27, 2018
The Coalition for Energy Cooperation in Puerto Rico, which promotes the cooperative model as an alternative to transform the power system, asked the Senate to stop the fast-tracked process of privatizing the Puerto Rico Electric Power Authority's assets and convene an independent panel of experts to identify the public and private sectors' needs.
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FEMA aid for mitigation work in P.R. could reach $30B
March 23, 2018
The Federal Emergency Management Agency could assign as much as $30 billion to address damage mitigation work in Puerto Rico in the wake of Hurricane María’s destruction, Alejandro De la Campa, director of the agency’s Caribbean Region II, said.
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P.R. credit unions file ‘adversary proceeding’ in P.R. bankruptcy case
March 23, 2018
A group of Puerto Rico credit unions filed an "adversary proceeding" before Judge Laura Taylor Swain, who presides over Puerto Rico's Title III bankruptcy proceedings.
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Banco Popular Foundation, Hispanic Federation to reward ‘Big Ideas’
March 21, 2018
They say that times of crisis ignite the spark of creativity and elicit the best ideas. With this in mind, the Banco Popular Foundation and the Hispanic Federation announced the launch of the “Puerto Rico Big Ideas Challenge,” a contest of innovative ideas with a social impact with awards of up to $1.5 million.
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Grupo Guayacán appoints Ángel L. Pérez as new Board chair
March 19, 2018
Grupo Guayacán, Inc. (GGI) announced the appointment of Ángel L. Pérez, vice [resident of Rock Solid Technologies, as new chairman of the organization’s Board of Directors.
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COFINA constituents call out gov’t inaccuracies related to IVU collections
March 16, 2018
A group of Puerto Rico Sales Tax Financing Corp. (known as COFINA in Spanish) stakeholders expressed concern about the government’s alleged release of inaccurate information about Sales and Use tax (SUT) collections.
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Private Sector Coalition opposes plan to create public service regulatory board
March 14, 2018
The Private Sector Coalition expressed its opposition to Reorganization Plan No. 8, which proposes creating the Puerto Rico Public Service Regulatory Board. and urged lawmakers to block the plan.
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Study: P.R. stands out as 3rd choice for U.S. mainland homebuyers
March 13, 2018
Puerto Rico ranks 3rd in the top 30 locations that U.S. mainland residents look up online when they think about buying a second home, according to a study by real estate firm Point 2 Homes.
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Peninsula, a luxury 18-story residential condominium rising in Condado
March 12, 2018
The former mansion that once housed a Chilli’s restaurant in the Condado area of San Juan has been razed to make way for an 18-story residential building called the Peninsula.
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