Obama arrives to P.R., delivers brief message stressing status, economic issues
June 14, 2011
President Barack Obama basked under the scorching noontime Puerto Rican sun upon arriving to Puerto Rico Tuesday, walking the 300-foot stretch between Air Force One and the hangar at the Muñiz National Guard Base in Carolina.
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Public, private sector representatives on stand-by for Obama
June 14, 2011
Hundreds of local public and private sector representatives gathered at the Muñiz National Guard Base Tuesday morning to get a glimpse of President Barack Obama and listen to his remarks to Puerto Rico upon arriving later this morning.
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WH focuses on P.R. with Obama visit, Task Force summit
June 11, 2011
President Barack Obama will be landing on Puerto Rican soil at around noon next Tuesday, keeping the promise he made two years ago during a primary campaign stop on the island to come back if he won the elections.
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CNE: Fortuño administration controls spending, not runaway debt
June 8, 2011
Although the government has managed to successfully contain public spending since 2008, the island’s indebtedness rate has soared at a faster pace than its Gross National Product during the last three years, currently reaching a 50-year high.
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OGPe’s online system accepts more than 23K permit applications in 6 months
June 8, 2011
In the six-month period between Dec. 1, 2010 and June 3, 2011, the Permits Management Office has received 23,112 permit applications online, of which 71 percent have been processed, the head of that agency said during a public hearing Tuesday.
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Fortuño signs off on $304M bond issue for road improvements
June 1, 2011
Gov. Luis Fortuño signed the law approving a $304 million bond issue to finance several infrastructure projects, mainly road improvements, planned throughout the island.
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PPPA confirms 2 groups in the running for highway privatization project
May 31, 2011
The Puerto Rico Public-Private Partnerships Authority has confirmed Goldman Sachs and Morgan Stanley were the front-runners to bid for the privatization project of PR-22, the 52-mile stretch of highway that runs from San Juan to Arecibo, a week after word got out that the New York-based investment banking firms were jockeying for the $1 billion contract.
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IVU collections reach $94.6M in April, maintain steady pace
May 23, 2011
Sales and use tax collections remain steady during the first 10 months of the current fiscal year, a pattern Treasury Department Secretary Jesús Méndez said is the result of several measures the administration has implemented to shore up much-needed cash for the government.
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Wall Street banks square off over $1B P.R. highway concession
May 22, 2011
New York-based investment banking firms Goldman Sachs and Morgan Stanley are apparently dueling over the $1 billion privatization project of PR-22, the 52-mile stretch of highway that runs from San Juan to Arecibo.
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Women’s Affairs Advocate, Best Buy team up to fight domestic violence
May 19, 2011
The Women’s Affairs Advocate and Best Buy have joined forces to combat the escalating problem of domestic violence against women, of which there were 16,000 reported cases on the island last year.
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CRIM extends property registration deadline to June 12
May 16, 2011
Puerto Rico residential property owners who have yet to register their units with the Municipal Revenues Collection Center, or CRIM, have until mid-June to do so to avoid being the target of potentially significant fines, government officials said Monday.
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Labor Dept. seeks $116.5M budget for fiscal ’12, launches online unemployment tool
May 7, 2011
Labor Secretary Miguel Romero submitted a $116.5 million budget for fiscal 2012 to the House Treasury Committee Friday, saying it will be enough for the agency to operate and run a number of programs that pursue job creation in a market where the workforce barely reaches 42 percent.
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Treasury: March revenue collections reach $746M
May 5, 2011
Government revenue collections totaled $746 million in March, a figure that is 10.1 percent, or $69 million over the same month the prior year, the Treasury Department said Thursday.
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Retirement System burgeoning deficit on Moody’s radar
May 4, 2011
Gov. Luis Fortuño’s administration has three months to show Moody’s Investors Service that it is taking enough — and correct — action to address the Commonwealth Retirement System’s $28 billion funding shortfall to avoid a possible downgrade of its current A3 rating.
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Planning Board chief: Land use plan will be ready in ’12
May 2, 2011
He is an urban planner who lives on a five-acre farm in rural Vega Baja with his wife and a bunch of animals. But make no mistake about it, Ruben Flores Marzán, who was named Puerto Rico Planning Board president less than a month ago, is not horsing around when it comes to development.
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