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.
Doral Financial Corporation filed papers Wednesday appealing a decision by the Superior Court and asking the Puerto Rico Supreme Court to assume jurisdiction of the appeal.
In an effort to provide new and higher Internet speeds for a better value, Liberty Puerto Rico announced Wednesday the availability of high-speed broadband of 100Mbps download with 4Mbps for upload.
EMTA, a nonprofit trade group for the emerging markets trading and investment community, will sponsor a special seminar June 25 in New York to discuss the investment and reform risks and opportunities that the crisis in Puerto Rico has generated.
Aon, a risk management, brokerage, reinsurance, and human resources consulting and outsourcing services firm on Wednesday invited university students to participate in its college scholarship program, through the Puerto Rico Community Foundation.
Nearly six years after receiving $935 million from the U.S. Treasury through its Troubled Asset Relief Program, Popular Inc. announced Wednesday it has received the go-ahead from regulators to repay the amount.
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