S&P: Puerto Rico debt moratorium could lead to default
April 7, 2016
Standard & Poor's Ratings Services said Wednesday the legislation enacted giving Puerto Rico Gov. Alejandro García-Padilla the power to suspend debt service payments would lead to a further credit downgrade, to “default” status.
chat_bubble0 Comment
visibility3019 Views
CofC launches new initiative to find solutions for P.R.
April 7, 2016
Seeking to expand human capital to help push Puerto Rico forward and find new solutions that lead island residents toward a better future, the Puerto Rico Chamber of Commerce is launching a new initiative called "Puerto Rico is about all of us."
chat_bubble0 Comment
visibility3269 Views
SBA to deliver ‘Boots to Business: Reboot in San Juan’
April 7, 2016
The U.S. Small Business Administration (SBA) Puerto Rico and the U.S. Virgin Islands district office will host on April 20-21 the entrepreneurship training course for veterans known as “Boots to Business: Reboot in San Juan.”
chat_bubble0 Comment
visibility3460 Views
PR creditors offer 5-yr. debt service freeze, $750M loan
April 6, 2016
A group of investors — including certain mutual funds — holding $5 billion in Puerto Rico's General Obligation bonds revealed Monday the terms of a joint restructuring proposal that calls for offering the government a five-year moratorium on principal payments and $750 million in upfront liquidity.
chat_bubble0 Comment
visibility3003 Views
Ag-Biotech Industry, UPR partner to benefit agronomists
April 6, 2016
As Puerto Rico finds itself in the midst of furthering its role in the knowledge economy on a large scale, the Puerto Rico Agricultural Biotechnology Industry Association (PRABIA) and the Mayagüez campus of the University of Puerto Rico signed Tuesday a collaboration agreement that will benefit the agronomists that graduate each year.
chat_bubble0 Comment
visibility4009 Views
Bondholders sue GDB to stop ‘preferential transfers’
April 5, 2016
A group of holders of outstanding bonds of the Government Development Bank for Puerto Rico filed a complaint in the U.S. District Court for the District of Puerto Rico Monday seeking to enjoin certain transfers of assets by GDB they claim are prohibited under Puerto Rico law.
chat_bubble0 Comment
visibility3111 Views
3rd edition of I-Corps P.R. kicks off at UPR-Mayagüez
April 5, 2016
With 16 participating teams of innovators and entrepreneurs, the third edition of I-Corps Puerto Rico program kicked off this past weekend at the University of Puerto Rico’s Mayagüez campus.
chat_bubble0 Comment
visibility3453 Views
Liberty rebrands Choice’s operations to blanket island
April 5, 2016
Nine months after Liberty Puerto Rico picked up the assets of Choice Cable TV, the telecommunications company announced that effective today, both companies will operate as Liberty islandwide.
chat_bubble0 Comment
visibility4039 Views
Bahamas slowly recovers from Baha Mar fiasco
April 5, 2016
The Bahamas is still trying to get back on its feet ever since last year’s Baha Mar scandal, in which a $3.5 billion mega-resort on Nassau’s Cable Beach largely financed by China’s Export-Import Bank shut its doors and declare bankruptcy even before opening.
chat_bubble0 Comment
visibility5879 Views
USDA opens call for $5.8M in grants for rural co-op’s
April 5, 2016
Agricultural Under Secretary Lisa Mensah announced Monday that $5.8 million nationwide in competitive funding is available to help start, improve or expand cooperative businesses in rural areas.
chat_bubble0 Comment
visibility2981 Views
Bi-partisan lawmakers demand transparency from GDB
April 4, 2016
Following Sunday’s confirmation that Puerto Rico Treasury Secretary Juan Zaragoza had stepped down from his post at the Government Development Bank’s board of directors, to “avoid a conflict of interest,” a group of bi-partisan lawmakers demanded transparency from the troubled public agency.
chat_bubble0 Comment
visibility2849 Views
P.R.’s agriculture sector bright spot in local economy
April 4, 2016
Mired in recession and awaiting a fix for its huge debt crisis, Puerto Rico has one bright spot in the local economy: Agriculture.
chat_bubble0 Comment
visibility4345 Views
Op-Ed: Knowing the risks of pesticide poisonings
April 4, 2016
One year ago, a family on vacation on St. John in the U.S. Virgin Islands was poisoned by methyl bromide, a harmful pesticide that was illegally applied below their rental condo.
chat_bubble0 Comment
visibility2980 Views
Cuba, Zika pose challenges to Caribbean tourism efforts
April 4, 2016
The two biggest threats facing Caribbean tourism today are four-letter words: Cuba and Zika. Both unnerve officials throughout the region, for very different reasons.
chat_bubble0 Comment
visibility4760 Views
JinkoSolar supplies modules for P.R.’s largest solar plant
April 4, 2016
JinkoSolar Holding Co., Ltd., a global player in the solar photovoltaic industry, announced that it will supply METKA-EGN USA, LLC with 57.65 MW of PV solar modules for the largest facility of its kind in Puerto Rico.
chat_bubble0 Comment
visibility3371 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA