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PR tops ranking of Caribbean islands
Issued: December 15, 2014
Puerto Rico ranked first on the list of 25 best Caribbean islands published Friday by Business Insider magazine. ...
Study urges PR to restore work credit
Issued: December 15, 2014
Puerto Rico should look to craft and enact a work credit tax program to replace the one that was eliminated last year due to the island government’s...
Doral updates capital plan with FDIC
Issued: December 15, 2014
Doral Bank has filed an updated capital plan with the Federal Deposit Insurance Corp. that seeks to maximize the value of its assets on behalf of...
Prepa’s 5-year business plan comes due
Issued: December 15, 2014
The Puerto Rico Electric Power Authority was to submit a five-year business plan to investors on Monday as another key deadline in the debt-ridden...
Fitch: Prepa debt restructuring still ‘probable’
Issued: December 15, 2014
Fitch Ratings is maintaining its low-mid junk grade and negative watch on Puerto Rico Electric Power Authority (Prepa) bonds pending a review of a...
PR govt launches investment magazine
Issued: December 14, 2014
The Puerto Rico government is rolling out a magazine focused on business and investment opportunities in the U.S. Caribbean territory. ...
PR’s economic performance remains key to solving debt crisis, experts say
Issued: December 14, 2014
NEW YORK – Puerto Rico’s debt load and service levels compare favorably with emerging market countries, and while the island has a liquidity problem,...
Governor to sign oil tax hike; will work to ‘perfect’ it before $3B bond deal
Issued: December 13, 2014
Gov. Alejandro García Padilla will sign legislation to surge the island’s oil tax to backstop a nearly $3 billion bond issue, La Fortaleza said...
November tax collections miss mark; shortfall widens to $32.5M for FY15
Issued: December 12, 2014
Puerto Rico’s tax collections in November came in below estimates as the gap between revenues and targets widened to $32.5 million through the first...
PR police win fight for salary increase
Issued: December 12, 2014
Police officers in Puerto Rico are starting to receive retroactive salary increases following a lengthy legal battle with the U.S. territory’s...
García Márquez books for PR prisoners
Issued: December 12, 2014
The works of late Colombian author and journalist Gabriel García Márquez will be used as a tool to help rehabilitate Puerto Rican prisoners, the...
165 hotels in Caribbean/Mexico pipeline
Issued: December 12, 2014
The Caribbean/Mexico hotel development pipeline comprises 165 hotels totaling 29,252 rooms, according to the November 2014 STR Construction Pipeline...
Christmas bonus shields surge this year
Issued: December 12, 2014
A total of 747 businesses in Puerto Rico won full exemptions from paying legally required Christmas bonuses this year, the Labor Department said....
NASA chief in PR: New space age expanding business horizons
Issued: December 12, 2014
The next decade will be marked by tourism to low Earth orbit, human missions to Mars and landing on and redirecting a small asteroid less than 450...
3 die in St. Lucia cruise fire; passengers safe
Issued: December 12, 2014
A crew member and two contractors died Thursday when a fire broke out aboard a luxury cruise ship docked at the eastern Caribbean island of St. Lucia,...
Air fares seen dipping thanks to oil slump
Issued: December 12, 2014
GENEVA — Flying could get cheaper next year as airlines say they will finally start passing on some of the savings made on plummeting oil prices. ...
Ranger American pays $1.2M in holiday bonuses
Issued: December 12, 2014
Ranger American has paid out more than $1.2 million in Christmas bonuses to roughly 2,000 current and former employees of the security company in...
NPP tosses lawmaker from House caucus
Issued: December 11, 2014
The New Progressive Party’s House of Representatives has kicked out Rep. Pedro Julio “Pellé” Santiago for breaking ranks and delivering the decisive...
GDB retains municipal advisor
Issued: December 11, 2014
Puerto Rico’s Government Development Bank has retained an independent registered municipal advisor (IRMA) for matters related to the central...
Senate, GDB spar over oil tax bill
Issued: December 11, 2014
Government Development Bank President Melba Acosta and top Senate leaders are sparring verbally over petroleum tax hike legislation as the...
Ford funds environmental conservation
Issued: December 11, 2014
Ten Puerto Rico nonprofit organizations will be expanding their environmental conservation efforts this year after being awarded a total of $40,000 by...
Honeywell breaks ground on PR’s first aerospace lab; $35 million, 300 jobs
Issued: December 11, 2014
Honeywell Aerospace broke ground Tuesday on construction of a $35 million laboratory in Puerto Rico. ...
Liberty acquires Choice in $272M deal
Issued: December 10, 2014
Telecom giant Liberty Global is acquiring 100 percent of Puerto Rico Cable Acquisition Company Inc., which does business in Puerto Rico as Choice...
PR hiring forecast less dim for 1Q
Issued: December 10, 2014
Employers in Puerto Rico expect to hire at a fair pace during the first quarter of 2015, a new survey of island businesses found. ...
Governor at Clinton Foundation forum
Issued: December 10, 2014
Puerto Rico Gov. Alejandro García Padilla is in Miami to take part in the Clinton Foundation’s Future of the Americas forum. ...


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