Triple-S agrees to extend Medicaid contract to Sept. 30
July 6, 2017
Triple-S Management Corporation announced Wednesday its subsidiary, Triple-S Salud Inc., has agreed to extend its contract with the Puerto Rico Health Insurance Administration for the provision of health services in the Metro North and West regions of the government's health insurance program, to Sept. 30, 2017.
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State Insurance Fund to lease space from Telecom Board
July 5, 2017
The Puerto Rico State Insurance Fund will lease space in the Telecommunications Regulatory Board’s Santurce headquarters to move its technological equipment from another building for which it paid nearly $1 million to lease, agency officials said.
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Gov’t looks to incentivize creative industries, exports
June 22, 2017
Looking to spur the growth and creation of creative industries, and small and medium businesses with export potential, Gov. Ricardo Rosselló on Wednesday announced the opening of the “Creative Matchmaking” call.
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Gov’t: ‘We effectively faced expiration of Medicaid funds’
June 15, 2017
The Government of Puerto Rico took a series of steps to address the expiration of the Medicaid federal funds and the commencement of the pay as you go pension plan model, given the insolvency of the Retirement Systems, with several measures to improve its liquidity, said Gerardo Portela, executive director of the Puerto Rico Fiscal Agency and Financial Advisory Authority (FAFAA.)
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PR gov’t health officials: ’16 Zika epidemic is over
June 6, 2017
Puerto Rico Health Department officials confirmed Monday the end of the Zika epidemic on the island, saying levels have substantially decreased since the same reporting period in 2016, with approximately 10 cases reported in each four-week period since April 2017.
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Assured Guaranty sues gov’t over PRHTA bonds
June 5, 2017
Assured Guaranty Ltd. Filed an adversary complaint challenging the Commonwealth of Puerto Rico’s “illegal diversion” of special revenue bond collateral that secures the payment of Puerto Rico Highways and Transportation Authority bonds.
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PR gov’t officials ask Congress to consider PR in budget
May 26, 2017
Gov. Ricardo Rosselló, Resident Commissioner Jenniffer González, and Senate President Thomas Rivera-Schatz joined forces Thursday in an effort from the federal capital to insert Puerto Rico into the discussion of the United States budget.
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Event seeks to create links to innovation in PR gov’t
May 23, 2017
Technology has changed the way the world operates. However, the government sector has been slow to adapt to the times.
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GDB, creditors reach debt restructuring agreement
May 16, 2017
Gov. Ricardo Rosselló announced Monday that the Puerto Rico Fiscal Agency and Financial Advisory Authority (AAFAF, for its Spanish acronym) and the Government Development Bank of Puerto Rico have entered into a restructuring support agreement (RSA) with a significant portion of its major stakeholders.
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Op-Ed: First public hearing on debt audit: Will it happen?
April 14, 2017
Imagine that the Puerto Rico Commission for the Comprehensive Audit of the Public Credit is operating and that it calls for public hearings.
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Gov’t suspends $1.8B in special assignments, tax credits
March 8, 2017
The government of Puerto Rico released an administrative order Tuesday suspending some $1.8 billion in special assignments and tax credits, in an attempt to bridge budgetary gaps.
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PR GO, COFINA bondholders spar over pending litigation
February 23, 2017
The COFINA Seniors Coalition on Wednesday filed a motion to join litigation already pending in the U.S. District Court in Puerto Rico — Lex Claims, LLC et al. v. Garcia-Padilla et al. — to expose what they called “meritless, self-serving claims brought by a litigious faction” of General Obligation ("GO") bondholders.
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Gov’t agencies, towns have until Mar. 31 to propose P3s
February 22, 2017
The Public-Private Partnership Authority issued a reminder Tuesday to central government agencies and Puerto Rico mayors of the Mar. 31 deadline to submit their proposals for potential Public Private Partnerships for evaluation.
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Treasury collections fall $45.4M Y-O-Y in December
February 2, 2017
The Puerto Rico Treasury Department released Wednesday revenue collection numbers for December 2016 totaling $799.3 million, which represents a year-over-year decrease of $45.4 million.
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Gov’t releases RFQ for new strategic advisor, legal counsel
January 5, 2017
The new administration under Puerto Rico Gov. Ricardo Rosselló on Wednesday released a Request for Qualifications (RFQ), seeking a new strategic advisor and legal counsel to move ahead with restructuring the Commonwealth’s $68 billion debt.
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