Gov. Alejandro García-Padilla filed Wednesday at the Legislature the “Puerto Rico Public Corporations Debt Enforcement and Recovery Act,” to create a clear legislative framework to assist financially stressed public corporations overcome their problems “through an orderly, statutory process” that allows them to handle their debts fairly and equitably, while ensuring the continuity of essential services to citizens and infrastructure upgrades.
The U.S. Department of Labor announced Wednesday grants exceeding $154.7 million awarded to 32 states, Puerto Rico and the Cherokee tribal nation through the Job-Driven National Emergency Grant program.
Senate Bill 1160, which proposed eliminating $4.5 million a year in public funding to conventions and groups coordinator Meet Puerto Rico, was drawn from the Senate session late Tuesday night, the entity’s leadership said Wednesday.
AT&T and the AT&T Foundation recently donated $38,500 to the United Way of Puerto Rico to support its work plan that focuses on education, specifically at early childhood stages, through its “Planting for the Future for the Development of a New Generation” cause.
Puerto Rican helicopter sales, service and repair company, Ecolift Corp., presented Wednesday at its hangar at the Isla Grande airport its new twin-engine Bell 429 WLG model, produced by BELL Helicopter Textron.
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.
Stabilizing Puerto Rico’s $70 billion debt as a share of its income and reducing it to more sustainable levels should be a key goal of the island’s fiscal and economic policy, New York Fed CEO William Dudley said during a presentation to the CPA Society on Tuesday.
Puerto Rico and the U.S. Virgin Islands received a combined $330,534 from the U.S. Department of Labor to implement or continue re-employment and eligibility assessments for unemployment insurance beneficiaries, the agency announced Tuesday.
Car rental companies Hertz, Budget Rent-a-Car and Avis Car Rental joined the list of companies that provide vehicle rental services from the first level of the Luis Muñoz Marín International Airport multistory parking, joining Alamo Rent a Car, National Car Rental and Enterprise Rent-A-Car.
Puerto Rico consumer attitudes vary significantly based on two factors: where they live and who they live with, with sharp contrasts reflected between people living along the island’s eastern coast and the west, according to the results of a study commissioned by the Puerto Rico Marketing, Industry and Food Distribution Chamber (MIDA for its Spanish acronym).
Pittsburgh, PA — Music and sports are two pursuits that cross borders and link cultures. This weekend, this northeastern city relied on both to convey its desire to boost diversity and attract more Latinos, which are significantly underrepresented in this community.
The Puerto Rico Tourism Company and Paradores of Puerto Rico have joined efforts to provide local tourists with an $80 discount offer for hotel stays of two or more nights from Sunday to Thursday at participating “paradores” (small inns) through July 31st, 2014.
The Ambar Infiniti dealership was recently recognized with the prestigious Global Infiniti Performance Award, which is awarded by Infiniti Motor Company Limited.
Contrary to what the government has been asserting over the past few months, the proposed budget for Fiscal 2015 will not be a balanced one because it is not factoring in sufficient appropriations to cover bond interest payments due, the Center for a New Economy said Wednesday.
In an effort to pull individuals out of their dependence on the government and improve the island’s food security issues, Gov. Alejandro García-Padilla announced Wednesday several amendments to the local Supplemental Nutrition Assistance Program that will allow more families to continue or start working at farms, without losing their benefits.
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