The Puerto Rico Government Development Bank (GDB) warned Gov. Alejandro García-Padilla that without an approved tax reform and a budget adjusted to public spending and the island’s fiscal reality, the government could run out of money and shut down within the next three months.
Total Petroleum Puerto Rico Corp. and the U.S. government announced a settlement agreement Monday related to alleged company violations against the Resource Conservation Recovery Act at 31 gas stations in Puerto Rico and four in the U.S. Virgin Islands.
Forty years ago, as I prepared for a personal adventure that would change my life forever, I read an autobiography by U.S. Supreme Court Judge William O. Douglas called “Go East Young Man, The Early Years.”
As part of a sweeping inter-agency effort, and backed by Code for America, government officials announced this weekend the birth of PrimerPeso.com, an online platform that aims to give start-ups and established small businesses in Puerto Rico the tools needed to access financing to launch or expand their operations.
Puerto Rico General Fund revenue collections reached $676 million in October, beating government estimates by $7 million. However, the results were $185.6 million less when bumped up against October 2013 figures.
OPEN Puerto Rico received what it called “a strong vote of confidence” this week from Nicholas Prouty, CEO of Putnam Bridge Funding LLC, who made an undisclosed donation to help the organization continue its efforts to facilitate and promote transparency in Puerto Rico.
Puerto Rico Gov. Alejandro García-Padilla announced changes to his fiscal team Wednesday that call for shifting Treasury Secretary Melba Acosta to the helm of the Government Development Bank, and naming Juan Zaragoza-Gómez as her successor at the agency. The governor also announced the appointment of Luis Cruz as director of the Office of Management and Budget.
The Roosevelt Roads Redevelopment Authority announced the selection of eight microbusinesses from Puerto Rico’s eastern flank to establish operations inside the former Navy base that is currently being repurposed for public access.
The Government of Puerto Rico took an important step Tuesday in its efforts to become a medical tourism powerhouse in the Caribbean and Latin America when the Department of Economic Development and Commerce signed an agreement with the Medical Tourism Association to have the MTA provide educational training aimed at obtaining certifications for service providers in Puerto Rico.
The Gov. García-Padilla administration is looking to broaden the scope of possibilities regarding the establishment of public-private partnerships, or P3s, through legislation that would allow smaller scale projects, P3 Authority Executive Director Grace Santana said.
OPEN Puerto Rico, a platform that strives to find and publish governmental data and public documents, is looking to raise $14,000 through crowdfunding platform AntRocket, to be able to further its pursuit of pushing for public sector transparency.
Women represent 54 percent of Puerto Rico’s public-sector workforce, while the median age of all government workers is 45 years old, according to a study released by the island’s Statistics Institute over the weekend.
Shakespeare was right about one who protests too much: When denials are emphatic, it’s probably wise to believe the opposite.
Gov. Alejandro García-Padilla announced Wednesday the filing of a bill to establish the framework to allow Puerto Rico corporations in fiscal troubles to conduct an organized restructuring of their debt.
Consumer viewpoints on online privacy vary widely by geography and the type of activity engaged in while surfing the Web, a recently released study by EMC Corporation concluded.
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