Rosselló calls for increased Medicare Advantage funding
January 26, 2017
Gov. Ricardo Rosselló sent a letter Wednesday to Acting-Secretary of Health and Human Services, Norris Cochran, advocating for increased funding to the Medicare Advantage plans operating in Puerto Rico, which serve over 570,000 elderly island residents including some of the most vulnerable among them.
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Energy Commission orders 21% drop in PREPA rate
January 11, 2017
The Puerto Rico Energy Commission on Tuesday issued an order establishing a reduction of 21 percent on the provisional rate that the Puerto Rico Electric Power Authority effected in August 2016.
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P.R. Econ. Dev. Chief sets off administrative measures
January 4, 2017
Puerto Rico Economic Development and Commerce Department Secretary-designate Manuel Laboy-Rivera said Tuesday given the island’s fiscal crisis, he has already begun implementing the economic measures set forth by Gov. Ricardo Rosselló this week.
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Gov. Rosselló signs 6 executive orders as he is sworn in
January 3, 2017
Gov. Ricardo Rosselló hit the ground running Monday, effecting six executive orders the same day he was sworn into his post as Puerto Rico’s 12th elected governor.
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Gov-elect names ex-Telecom Board chief back to post
December 29, 2016
Gov.-elect Ricardo Rosselló on Wednesday re-appointed former Telecommunications Regulatory Board president Sandra Torres back to the post she held from 2009 to 2013.
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PREPA makes $192.5M January bond interest payment
December 28, 2016
The Puerto Rico Electric Power Authority announced Wednesday the payment of $192.5 million in interest on its power revenue bonds due on Jan. 1, 2017.
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Gov.-elect Rosselló continues to fill cabinet, team posts
December 23, 2016
Governor-elect Ricardo Rosselló-Nevares moved forward Thursday with designations of cabinet members and for his team at La Fortaleza, including the new Executive Director of the Puerto Rico Tourism Co. and of Puerto Rico Trade and Export.
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Oversight Board pegs fiscal deficit at $67.5B through ’27
December 21, 2016
The Financial Oversight and Management Board for Puerto Rico sent a letter to the outgoing and incoming governors confirming, among other things, that the Commonwealth will face a deficit of $67.5 billion over the next 10 years.
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PR Fiscal Agency urges for federal action on island crisis
December 20, 2016
The Puerto Rico Fiscal Agency and Financial Advisory Authority (FAFAA) made public Thursday updated financial information for the Commonwealth, outlining incomes and expenditures during the last eight fiscal years.
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Rosselló appoints Treasury, AAFAF, Ag., DNER heads
December 16, 2016
Governor-elect Ricardo Rosselló announced Thursday his nominees to head the Treasury, Agriculture, Natural Resources and Environmental Resources (DNER) departments, as well as the executive director of the Fiscal Agency and Financial Advisory Authority, or AAFAF.
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PREPA extends RSA agreement with creditors
December 16, 2016
The Puerto Rico Electric Power Authority, Puerto Rico’s publicly owned electricity provider, announced Thursday an extension of the Restructuring Support Agreement to March 31, 2017.
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Treasury collections up $43.5M in Nov., beat projections
December 15, 2016
General Fund net revenues totaled $533.9 million in November, up by $45.3 million, or 9.3 percent, compared to November 2015, and by $43.8 million, or 8.9 percent, compared to estimates.
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Statistics Institute launches State Data Center-PR portal
December 15, 2016
The Puerto Rico Statistics Institute announced Wednesday the launch of the State Data Center of Puerto Rico website, placing the island on equal footing with U.S. jurisdictions, most of which have their own state and representative portal, agency Executive Director Mario Marazzi said.
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Scientific Games lands $132M electronic lottery contract
December 7, 2016
Scientific Games Corp. announced Tuesday it has landed an eight-year contract with the government of Puerto Rico to run the electronic lottery, known as “Lotería Electrónica.”
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Oversight Board puts out RFP for financial advisory firm
December 5, 2016
The Financial Oversight and Management Board for Puerto Rico created under the Puerto Rico Oversight, Management and Economic Stability Act issued Sunday a request for proposals for firms interested in providing services to the Board as financial advisor.
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