Puerto Rico fiscal board’s revitalization coordinator resigns
By PHILIPE SCHOENE ROURA & EVA LLORÉNS VÉLEZ From Caribbean Business As previously reported, Noel Zamot, the man who holds the charge of revitalization coordinator under the Puerto Rico Oversight, Management & Economic Stability Act (Promesa), will be moving on….
P.R. CofC has misgivings about proposed incentives to US corporations P.R. CofC has misgivings about proposed incentives to US corporations
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…
Donahue’s Alix Gets $6.7M contract extension
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…
La Fortaleza: GDB interest payment wasn’t made
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…
Puerto Ricans won’t accept US-imposed austerity without a fight
From Caribbean News Now SAN JUAN, Puerto Rico — June 30 was a historic day for Puerto Rico, albeit an unhappy one. US President Barack Obama signed into law the Puerto Rico Oversight, Management and Economic Stability Act (PROMESA), which…
