Tuesday, October 27, 2020

Latest News

  • García Padilla Bows Out

    PDP Candidates Jockey for Position BY JUAN A HERNÁNDEZ With recent surveys showing very low approval ratings and after several months of speculation, Gov. Alejandro García Padilla announced Monday he wouldn’t run for re-election in 2016 to...

    • Posted December 17, 2015
  • Cyberattacks Ramping up During Holiday Shopping Season

    Cross-Site Scripting, Shellshock and Heartbleed the Most Prevalent Attacks in Puerto Rico BY DENNIS COSTA Amid the holiday retail season and with online shopping playing an increasingly larger role, so have the number of cyberattacks and hacking...

    • Posted December 17, 2015
  • Waiting for the U.S. Supreme Court Decision on Puerto Rico Recovery Act

    BY LUIS J. VALENTÍN When the U.S. Supreme Court decided on Dec. 4, 2015, to grant the Puerto Rico government’s petition to review the enforceability of a local bankruptcy law for its financially battered public utilities, many...

    • Posted December 17, 2015
  • Sales of Alcoholic Beverages down as Holidays Approach

    BY ROSARIO FAJARDO Although the “purchase incidence” for alcoholic beverages in Puerto Rico is down, this may soon change as Christmas and New Year’s approaches and more local residents purchase beer, wine and spirits. While Gaither’s Media...

    • Posted December 17, 2015
  • Proposed Fiscal Control Board Viewed with Political Apprehension

    BY ISMAEL TORRES The proposed Federal Board for Fiscal Control, presented by Republican Sens. Orrin Hatch (Utah), Chuck Grassley (Iowa) and Lisa Murkowski (Alaska), which includes powers that override the Puerto Rico Constitution and decides the budgets...

    • Posted December 17, 2015
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  • Losses Stopped at Latin Media House, Former Casiano Communications Inc.

    Like a Phoenix from the Ashes: First Operating Month Under New Leadership Ended with Positive Cash Flow BY MARIO BELAVAL DÍAZ The ambitious media project known as Latin Media House (LMH), under its new leadership, is making...

    • Posted December 17, 2015
  • Reebok FitHub to Open First Store in Puerto Rico

    BY MARIO BELAVAL DÍAZ Reebok will open its first Reebok FitHub store in Puerto Rico this weekend in Plaza del Caribe Mall in Ponce. The store features a concept in line with the brand’s current marketing and...

    • Posted December 17, 2015
  • Prepa Working on Another ‘Deadline’

    BY LUIS J. VALENTÍN & PHILIPE SCHOENE ROURA Guess what? The Puerto Rico Electric Power Authority (Prepa) has been negotiating this week yet another extension on a preliminary restructuring deal with two of its main creditor groups....

    • Posted December 17, 2015
  • Another Mariel in the Making?

    SAN JUAN – As the normalizing of diplomatic relations between the U.S. and Cuba draws nearer, the influx of Cuban immigrants seeking to reach U.S. soil or Latin American countries threatens to turn into a mass emigration...

    • Posted December 17, 2015
  • UBS Puerto Rico’s Downsizing Continues

    Sheds Staff from Several Key Divisions BY JOSÉ L. CARMONA UBS Financial Services Inc. of Puerto Rico, the Swiss bank’s San Juan-based subsidiary, this week eliminated some staff from its Wealth Management Consulting, Closed-End Funds, Personal &...

    • Posted December 17, 2015
  • Uncertain Future for Venezuela

    BY JUAN A. HERNÁNDEZ As all the excitement begins to wind down about the opposition’s win last week in Venezuela’s parliamentary elections, several political and economic power players are now trying to anticipate what the future will...

    • Posted December 17, 2015
  • 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