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Expedia reports rapid increase in Caribbean mobile bookings

September 4, 2015
Expedia reports rapid increase in Caribbean mobile bookings SAN JUAN, Puerto Rico -- New data released by the Expedia group, one of the world’s leading travel companies, reveal a healthy increase in mobile bookings within the Caribbean market, with a growth of more than 55 percent in the first half of 2015 when compared to the same timeframe in 2014.

Seaborne Airlines announces new service between Puerto Rico and Antigua-Barbuda

September 3, 2015
Seaborne Airlines announces new service between Puerto Rico and Antigua-Barbuda SAN JUAN, Puerto Rico -- Seaborne Airlines, the fastest growing airline in the Caribbean, will introduce non-stop service between the carrier's hub in San Juan's Luis Munoz Marin International Airport and Antigua and Barbuda newly inaugurated V.C. Bird International Airport, effective December 13, 2015.

Erica evaporates; Fred forms

August 31, 2015
Erica evaporates; Fred forms MIAMI, USA -- Tropical Storm Erika dissipated early Sunday, as its remnants brought heavy rain to parts of eastern Cuba and heavy showers and thunderstorms to the northwest Caribbean. Meanwhile, Tropical Storm Fred formed just off the coast of West Africa and is forecast to become a hurricane...

Commentary: Puerto Rico: The financial implications of dependency

August 31, 2015
Commentary: Puerto Rico: The financial implications of dependency On Monday, August 3, Puerto Rico’s Public Finance Corporation defaulted on a $58 million USD bond payment, the island’s first debt nonpayment in its 117 years as a US territory. Puerto Rican Governor Alejandro García Padilla has called the $72 billion USD debt “not payable". A report by former IMF economist...

Four dead in Dominica as Tropical Storm Erika brings rain and floods

August 28, 2015
Four dead in Dominica as Tropical Storm Erika brings rain and floods MIAMI, USA -- Tropical Storm Erika dumped almost nine inches of torrential rainfall on Dominica, causing widespread flooding and mudslides that killed at least four people on the island, as the system crossed the Eastern Caribbean and headed towards Puerto Rico.

Puerto Rico bondholders coalition launched

August 28, 2015
Puerto Rico bondholders coalition launched ALEXANDRIA, USA -- The 60 Plus Association on Thursday announced the formation of "Main Street Bondholders," a new small bondholder coalition made up of ordinary investors from Puerto Rico and the United States mainland who hold retirement, college and life savings in Puerto Rican bonds.

Leeward Islands brace for Tropical Storm Erika

August 27, 2015
Leeward Islands brace for Tropical Storm Erika MIAMI, USA -- The Leeward Islands and Puerto Rico on Wednesday prepared for the imminent arrival of Tropical Storm Erika, which was expected to move near or over portions of the Leeward Islands on Wednesday night, move near the Virgin Islands and Puerto Rico on...

Danny weakening as it approaches Leeward Islands; two follow behind

August 24, 2015
Danny weakening as it approaches Leeward Islands; two follow behind MIAMI, USA -- Tropical cyclone Danny decreased in intensity over the weekend as expected as it approached the Leeward Islands on Sunday. Maximum sustained winds decreased to near 40 mph (65 km/h), with higher gusts. Forecasters are also watching two other tropical systems emerging off the west...

Puerto Rico authorities seize cocaine and heroin inside container from Dominican Republic

August 21, 2015
Puerto Rico authorities seize cocaine and heroin inside container from Dominican Republic SAN JUAN, Puerto Rico -- US Customs and Border Protection (CBP) field operations officers on Monday seized 68 pounds (31 kilos) of cocaine, along with 23 ounces (650 grams) of heroin, within two backpacks found inside a container arriving from the Dominican Republic. The combined estimated...

First hotel certifications granted under Puerto Rico medical tourism program

August 21, 2015
First hotel certifications granted under Puerto Rico medical tourism program SAN JUAN, Puerto Rico -- The Caribe Hilton and the Condado Plaza Hilton are the first hotel providers in Puerto Rico to be certified after the training and inspection process under the island’s medical tourism program. "As part of our strategic plan, we hired the MTA [Medical Tourism Association]...

SBA announces funding package to spur economic activity and create jobs in Puerto Rico

August 18, 2015
SBA announces funding package to spur economic activity and create jobs in Puerto Rico SAN JUAN, Puerto Rico -- Administrator Maria Contreras-Sweet, a member of President Obama's Cabinet and the head of the US Small Business Administration (SBA), announced on Monday during a press conference that the former Roosevelt Roads Naval Station has been designated a Historically...

Swiss bank ordered to pay investors over $2.5 million for losses involving Puerto Rican bond funds

August 15, 2015
Swiss bank ordered to pay investors over $2.5 million for losses involving Puerto Rican bond funds SAN JUAN, Puerto Rico -- UBS Financial Services Inc. and UBS Financial Services of Puerto Rico have been ordered to pay investors in San Juan over $2,500,000 by a Financial Industry Regulatory Authority (FINRA) arbitration panel for losses the investors incurred in UBS's Closed-End Puerto Rico...

Cuba's Los Van Van to perform in Puerto Rico this month

August 11, 2015
Cuba's Los Van Van to perform in Puerto Rico this month HAVANA, Cuba (ACN) The popular Cuban dance band Los Van Van will make a concert appearance on August 22 in Puerto Rico, as part of its current tour of US cities. The presentation will take place at the Convention Center of San Juan, the Puerto Rican capital, the Suena cubano publication announced.

Dominican Republic citizen arrested in Puerto Rico with altered immigration stamp

August 10, 2015
Dominican Republic citizen arrested in Puerto Rico with altered immigration stamp SAN JUAN, Puerto Rico -- US Customs and Border Protection (CBP) San Juan Office of Field Operations officers on Thursday arrested a citizen of the Dominican Republic, traveling to New York, using an altered immigration stamp as proof of legal presence. Francisco Herrera-Del Orden appeared on Friday...

Five undocumented migrants arrested in Puerto Rico attempting to re-enter the US

August 8, 2015
Five undocumented migrants arrested in Puerto Rico attempting to re-enter the US SAN JUAN, Puerto Rico -- US Customs and Border Protection (CBP) border patrol agents on Tuesday arrested five undocumented migrants from the Dominican Republic who were found among 16 undocumented aliens that were intercepted on Monday by the US Coast Guard between Puerto Rico and...

Puerto Rico default highlights liquidity strain and government priorities

August 5, 2015
Puerto Rico default highlights liquidity strain and government priorities NEW YORK, USA -- According to Fitch Ratings agency, Puerto Rico's decision to miss an August 1 debt service payment on appropriation-backed debt due on Monday is consistent with both the commonwealth's stated intent to restructure its debt and its current liquidity pressures. Fitch rates the...

Commentary: Capital over people? Puerto Rican debt crisis explained

August 5, 2015
Commentary: Capital over people? Puerto Rican debt crisis explained On Monday, August 3, Puerto Rico’s Public Finance Corporation failed to pay the US$58 million it owed creditors, making only a US$628,000 payment. In addition, the island owes US$5 billion over the next twelve months. Monday marked the first day in the island’s history where it failed to make a payment.

Puerto Rico highlighted as one of the best places for business in America

August 4, 2015
Puerto Rico highlighted as one of the best places for business in America SAN JUAN, Puerto Rico -- Excellent business incentives, highly educated and skilled human capital, and various opportunities to promote international growth, make Puerto Rico the best kept secret to make business, according to a group of international entrepreneurs. The attributes of the island as a business...

Eight undocumented Cubans apprehended in Mona Island

July 29, 2015
Eight undocumented Cubans apprehended in Mona Island AGUADILLA, Puerto Rico -- US Customs and Border Protection (CBP) border patrol agents apprehended eight undocumented immigrants from Cuba, after they landed on Tuesday morning in Mona Island, an uninhabited US territory located approximately 42 miles west of Puerto Rico.

Mass exodus of stock brokers from Swiss bank offices Puerto Rico

July 27, 2015
Mass exodus of stock brokers from Swiss bank offices Puerto Rico SAN JUAN, Puerto Rico -- According to reports, there has been a mass exodus of registered stock brokers from the various offices of UBS Puerto Rico, and more layoffs are anticipated soon, all as a result of the fallout related to UBS's Puerto Rican closed-end bond funds. Malecki Law, who represents...

Puerto Rico authorities seize endangered fish bladders smuggled from Venezuela

July 16, 2015
Puerto Rico authorities seize endangered fish bladders smuggled from Venezuela AGUADILLA, Puerto Rico -- US Customs and Border Protection (CBP) field operations officers in Puerto Rico seized 1,328 pounds (602 kilos) of totoaba fish bladders inside nine courier parcels delivered from Venezuela, destined to Hong Kong. During a routine inspection of parcels at the Rafael...

Ten Caribbean hotels named in list of world's best-reviewed hotels

July 16, 2015
Ten Caribbean hotels named in list of world's best-reviewed hotels BELLEVUE, USA -- The Expedia group, one of the world’s largest full-service online travel sites, announced on Tuesday the results of the Expedia 2015 Insiders’ Select rankings, an annual crowd-sourced list of the world’s best-reviewed hotels. Out of 650 global properties, the following ten Caribbean...

Puerto Rico debt downgraded on default fears; rating watch remains negative

July 1, 2015
Puerto Rico debt downgraded on default fears; rating watch remains negative NEW YORK, USA -- Fitch Ratings has downgraded Puerto Rico's general obligation (GO) and related debt ratings to 'CC' from 'B'. The ratings remain on Rating Watch Negative. The downgrade of the ratings to 'CC', which indicates Fitch's belief that default of some kind appears probable...

Expedia expands presence in Puerto Rico with its first local office

July 1, 2015
Expedia expands presence in Puerto Rico with its first local office SAN JUAN, Puerto Rico -- The Expedia group, one of the world's leading travel companies, has announced the opening of its first local Puerto Rico office in San Juan. “As one of Expedia group’s top producing destinations within the Caribbean, Puerto Rico is an in-demand market with more than 250 hotel partners,"

Surprising court victory for gun rights in Puerto Rico

June 22, 2015
Surprising court victory for gun rights in Puerto Rico SAN JUAN, Puerto Rico -- A surprising victory for gun rights in Puerto Rico has eliminated the firearms registry and licensing requirements to purchase and carry firearms in the island, the Second Amendment Foundation has confirmed. As of now, according to Sandra Barreras with Ladies of the...

Cuba to submit another resolution at the UN on Puerto Rico's colonial status

June 18, 2015
Cuba to submit another resolution at the UN on Puerto Rico's colonial status HAVANA, Cuba (ACN) -- Cuba will again present at the United Nations a draft resolution on the colonial status of Puerto Rico, a gesture ratifying the commitment of Cuba to that sister Caribbean nation. The document will be submitted to the Special Decolonization Committee on June 22, said multilateral...

Puerto Rico judge sentenced to ten years in prison for accepting bribes

June 12, 2015
Puerto Rico judge sentenced to ten years in prison for accepting bribes SAN JUAN, Puerto Rico -- A Puerto Rico Superior Court Judge was sentenced on Thursday to ten years in prison after being convicted earlier this year of accepting bribes to acquit a businessman of vehicular homicide charges. In January, a federal jury convicted Judge Manuel Acevedo-Hernandez...

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