June 15, 2021

Caribbean Business Survey: Top 200 locally owned companies in Puerto Rico

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By José Alvarado Vega From Caribbean Business Editor’s note: The following originally appeared in the Nov. 8-14, 2018, issue of Caribbean Business. The latest Caribbean Business survey of locally owned companies indicates resilience in the face of a slow recovery from hurricanes Irma and Maria, which left noticeable scars on island-based businesses. This year’s survey, the Top […]

Caribbean Business – 10 Caribbean-born multi-millionaires you should know

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From NAN News Americas, NEW YORK, NY, Fri. April 27, 2018: Sadly, no Caribbean national made it onto Forbes’ most powerful person in the world list and few make it on to the magazine’s rich list. But there is no denying that the region has many Caribbean-born stars and millionaires, especially in the sports and […]

Uncertain How Governor Will Present Fiscal Plan to Board

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By Luis J. Valentín From Caribbean Business SAN JUAN — On Oct. 14, Gov. Alejandro García Padilla will have his first at bat in front of Promesa’s fiscal control board, when he presents it with the latest version of his administration’s long-term fiscal plan for Puerto Rico. La Fortaleza confirmed the information to Caribbean Business, […]

iNews Briefs & Community Events

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  ExoMars is speeding toward the red planet By Timothy J. Seppala From engadget But it’ll be at least seven months before the surface analysis missions begin. IMAGE: Kirill Kudryavstev via Getty Images In 2013 the European and Russian folks behind ExoMars announced they’d launch a rocket to explore Mars this year and they’re right […]

Conflict of Interest in Multimillion-Dollar Prasa Contracts Comes to Light

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By Agustín Criollo Oquero From Caribbean Business SAN JUAN — The Puerto Rico Aqueduct & Sewer Authority (Prasa) awarded a series of lucrative contracts to three private companies that are closely related to a senior official of the public corporation, according to documents held by Caribbean Business. The contracts in question intended to develop a […]

P.R. CofC has misgivings about proposed incentives to US corporations P.R. CofC has misgivings about proposed incentives to US corporations

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By Eva Lloréns Vélez From Caribbean Business SAN JUAN – The Puerto Rico Chamber of Commerce (CofC) is not on board yet with other business groups on a proposal to be submitted to the congressional Task Force on Economic Growth that would grant tax incentives to U.S. corporations in Puerto Rico because they could be […]

Donahue’s Alix Gets $6.7M contract extension

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BY PHILIPE SCHOENE ROURA AND EVA LLORENS VÉLEZ From Caribbean Business SAN JUAN – On the heels of what was described as a rather drawn-out meeting punctuated by several sticking points, the Puerto Rico Electric Authority’s (Prepa) board voted to extend the contract of AlixPartners, headed by Lisa Donahue, to the tune of $6.713 million. The […]

La Fortaleza: GDB interest payment wasn’t made

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By Luis J. Valentín From Caribbean Business SAN JUAN — After hours of much deliberation among Gov. Alejandro García Padilla and his administration’s fiscal team, a $28 million interest payment on Government Development Bank (GDB) debt due Aug. 1 failed to be authorized before midnight. “The GDB interest payment was not made. The GDB has requests […]

iNews Briefs

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YCLA finalist and father sued by Cayman Accountants Cayman accountancy firm Ernst and Young have filed a law suit against Samantha and Peter Widmer claiming $55,462.36 plus annual interest at 2.38% since May 2011 and costs. Samantha Widmer was a former student employee of Ernst and Young and she entered into a scholarship agreement with […]