All posts by José Alvarado Vega
Foundation for Puerto Rico CEO Launches Center for Strategic Innovation
Coalition Looks to Provide Social, Economic Solutions; to Be Led by Alexandra Lúgaro
- Posted September 22, 2021
Prasa Issues $1.66 Billion in Refunding Bonds
Prasa Executive President Doriel Pagán Crespo added that through the “successful pricing” of the bond deal, Prasa achieves average debt service savings of approximately $22 million per year.
- Posted August 19, 2021
LUMA Adamant Despite Adverse Rulings
While LUMA Energy assured last week that it has improved services for most customers in its public-private partnership with the Puerto Rico Electric Power Authority (Prepa), the island’s Popular Democratic Party (PDP)-controlled Legislative Assembly continues its respective...
- Posted August 12, 2021
Tech Firms Urged to Join Gov’t Register
SAN JUAN – The Puerto Rico Innovation & Technology Service Office (PRITS) announced Wednesday the issuing of a request for information (RFI) to evaluate entities interested in providing “technological, innovation and communications” to Puerto Rico government agencies. ...
- Posted August 5, 2021
Tentative Labor Deal Reached to Open Key San Juan Pier
SAN JUAN – The commonwealth government announced recently that a preliminary agreement was reached between stevedore company Luis Ayala Colón Sucrs. Inc. (LAC) and Local 1740 of the International Longshoreman’s Association (ILA) to put an end to...
- Posted August 5, 2021
Investors Go After Opportunity Zone Tax Breaks
The Puerto Rico Economic Development and Commerce Department (DDEC by its Spanish acronym) has so far received 17 applications from overseas and local entrepreneurs requesting tax incentives for residential and commercial real estate projects involving nearly $600...
- Posted August 4, 2021
Oversight Board Files 6th Amended Plan of Adjustment
SAN JUAN – Puerto Rico’s Financial Oversight and Management Board (FOMB) announced Tuesday that it had filed a sixth amended commonwealth Plan of Adjustment (POA) that reflects new agreements with bond insurers Ambac Financial Group and Financial...
- Posted July 27, 2021
FERC Upholds Permits Order for New Fortress Gas Terminal
The Federal Energy Regulatory Commission upheld its ruling that requires New Fortress Energy Inc. to apply for a permit for its liquefied natural gas (LNG) terminal at the Port of San Juan, which was built and currently...
- Posted July 22, 2021
Judge Swain Issues Preliminary Backing of POA Disclosure Statement
FOMB Yet to Conclude Talks with Insurers Objecting Document
- Posted July 14, 2021
Oversight Board Certifies First Compliant General Fund Budget
Pierluisi Signs $10.1B Compromise Plan in ‘Spirit of Collaboration’ Five years after the creation of the Financial Oversight and Management Board for Puerto Rico (FOMB), the congressionally-mandated office that oversees the commonwealth’s finances approved the first compliant...
- Posted July 1, 2021