Wednesday, February 19, 2020

Latest News

  • Omnibus Bill Expected to be Voted on Today

    Includes Language on P.R. Debt Restructuring BY EDISON REYNALDO MISLA While intense negotiations continued between Republicans and Democrats in Congress, it was still unclear at presstime Monday what tool the Omnibus budgetary bill would give Puerto Rico...

    • Posted December 17, 2015
  • The Puerto Rico Debt Monster Takes Center Stage

    BY PHILIPE SCHOENE ROURA It is customary in publications across the globe to close the year with a Special Report on the Person of the Year. Under the new ownership of Latin Media House, Caribbean Business has...

    • Posted December 17, 2015
  • Person of the Year: The Debt Monster

    Puerto Rico Debt Crisis Shrouds Washington, D.C. in controversy BY PHILIPE SCHOENE ROURA & ROSARIO FAJARDO Few stories pertaining to Puerto Rico have captured the attention of mainstream press as the island’s debt—a monster towering $70 billion...

    • Posted December 17, 2015
  • Latest Dávila Colón book chronicles recent history through anticolonial lenses

    BY DENNIS COSTA For nearly four decades, Luis Dávila Colón has been among the most well-known political analysts in Puerto Rico, consistently pulling in high ratings as a radio commentator in part because he has cultivated an...

    • Posted December 17, 2015
  • Social-Interest Housing Summit Yields Results

    Nonprofi ts Help Acquire, Rehabilitate Banks’ Repos BY JOSÉ L. CARMONA In conjunction with Citi Foundation’s Urban Transformation on Affordable Housing project, the nonprofit Puerto Rico Community Foundation (PRCF) held in November the island’s first-ever summit that...

    • Posted December 17, 2015
  • Puerto Rico Auto Sales dip 4.3% in November

    Down 8.4% for the Year BY JOSÉ L. CARMONA After a positive October, Puerto Rico new-auto sales returned to their downward trend in November, the latest monthly sales report by the United Automobile Importers Group (GUIA by...

    • Posted December 17, 2015
  • Mortgage Originations Recuperate

    Mortgage originations grew 15.5% in number and 15.3% in value in the third quarter (3Q) of 2015, according to the Financial Institutions Commissioner’s Office (OCIF by its Spanish acronym). Growth was strongest in banks (25.8%) rather than...

    • Posted December 17, 2015
  • Statistics Institute to Participate in Hour of Code 2015

    The Puerto Rico Statistics Institute will take part in the Hour of Code 2015, a world-level educational event to promote the learning of computer programming languages. The Hour of Code, whose slogan is “We can all learn,”...

    • Posted December 17, 2015
  • Puerto Rico Occupies 134th spot Among 189 Countries in Corporate Taxes

    A typical global-level company in 2014 had a tax rate of 40.8% on its earnings and had to make 25.6 payments a year to comply with its tax obligations, which takes 261 hours, according to the “Paying...

    • Posted December 17, 2015
  • Ambac rails against HTA clawback

    Bond insurer: Puerto Rico’s financial credibility hangs in the balance BY PHILIPE SCHOENE ROURA & LUIS J. VALENTÍN Although it made a Dec. 1 payment, Puerto Rico’s government announced last week it had employed a clawback of...

    • Posted December 16, 2015
  • Tasty MotherTruckers

    It wasn’t that long ago when saying “street food” brought to mind hot dog stands or food trucks (guagüitas de comida in Spanish) serving cheap off erings like tripleta sandwiches of ham, steak and pork, and frituras,...

    • Posted December 16, 2015
  • Puerto Rico Medical Tourism Can Grow into a Giant Industry if Promoted Correctly

    Private-sector hospitals are all making major investments to be able to attract and service well the medical-tourism visitor

    • Posted August 19, 2015