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News from Puerto Rico:




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Puerto Rico government opposes request for declaratory judgment in tax overpayment case

July 25, 2014
SAN JUAN, Puerto Rico -- The secretary of justice of Puerto Rico, César Miranda, announced on Thursday that counsel for the Department of Justice (DOJ) and legal representatives of the Department of the Treasury (Treasury) filed two documents denying Doral Financial Corporation's...

Puerto Rico declares chikungunya epidemic

July 21, 2014
SAN JUAN, Puerto Rico – On Thursday, health officials in Puerto Rico declared an epidemic of chikungunya, a mosquito-borne virus that has been confirmed in more than 200 cases across the island as of late last month. Health Secretary Ana Rius said the majority of those cases...

Puerto Rico bonds decline following Recovery Act

July 14, 2014
NEW YORK, USA -- Declines in pricing of Puerto Rico bonds added further pressure to already depressed net asset values (NAVs) of Puerto Rico mutual funds, according to Fitch Ratings. Fitch-rated Puerto Rico fund managers are reacting swiftly by adding to collateral supporting rated notes.

Puerto Rico police officers charged with federal crimes in 2012 robbery

July 12, 2014
SAN JUAN, Puerto Rico -- Three Police of Puerto Rico (POPR) officers and two civilians have been charged with robbery, firearms violations, drug conspiracy and civil rights violations for their involvement in a July 2012 robbery in Bayamon, Puerto Rico.

Puerto Rico's preliminary fiscal year revenue exceeds prior year by $475 million

July 12, 2014
SAN JUAN, Puerto Rico -- Puerto Rico’s Secretary of the Department of the Treasury, Melba Acosta Febo, on Friday reported on total preliminary net revenue collections for the close of Fiscal Year 2014, ended on June 30. Net collections totaled $9,037 million and exceeded...

Puerto Rico trade mission visits St Kitts

July 8, 2014
Puerto Rico trade mission visits St Kitts BASSETERRE, St Kitts (CUOPM) -- The US Embassy to Barbados and the Eastern Caribbean recently hosted a trade mission delegation from Puerto Rico which visited St Kitts on the Carnival Valor. A US trade mission is an overseas program for American firms that want to explore and pursue...

Commentary: Puerto Rican drug trafficking as the US misdirects its focus on the War on Drugs

July 5, 2014
Though never having been fully embraced as a state, Puerto Rico’s auspicious location in the central Caribbean has made it a longstanding interest of the United States. The area is respectably self-governing, yet still remains answerable to the United States in many aspects of its defense.

Commentary: Puerto Rico may consider PetroCaribe?

July 3, 2014
At a time when individuals and opposing political parties in some Caribbean islands are voicing disagreement that their island is signatory to the PetroCaribe agreement with Venezuela and that, given the opportunity, they would revoke the agreement,

Counterfeit World Cup apparel seized in Puerto Rico

July 2, 2014
SAN JUAN, Puerto Rico -- On Tuesday, US Customs and Border Protection (CBP) San Juan Field Operations officers seized a consignment of counterfeit soccer team delegation uniforms. The shipment, arriving from Hong Kong to the San Juan Air Cargo facility, contained boxes of...

Cuba calls for end to Puerto Rico's colonial status

June 27, 2014
Cuba calls for end to Puerto Rico's colonial status NEW YORK, USA (ACN) -- Cuba reiterated on Monday at the United Nations its call for the end of the colonial status of Puerto Rico and for the materialization of that island’s right to self-determination and independence. Cuban ambassador Rodolfo Reyes presented a new document on the issue...

Puerto Rico moves to restructure public entity debt

June 27, 2014
Puerto Rico moves to restructure public entity debt SAN JUAN, Puerto Rico -- Puerto Rico Governor Alejandro Garcia Padilla proposed new legislation on Wednesday that would allow some debt-laden public entities to restructure their bonds. According to a press statement, the main purpose of the bill entitled The Puerto Rico Public Corporations Debt...

Ad campaign compares Puerto Rico to Venezuela

June 21, 2014
DES MOINES, USA -- The American Future Fund (AFF), a US nonprofit organization, has launched an advertising campaign warning that Governor Alejandro Padilla of Puerto Rico is leading the island commonwealth down a dangerous path with policies and tactics similar to...

In-transit baggage pilot program successfully implemented in Puerto Rico

June 20, 2014
In-transit baggage pilot program successfully implemented in Puerto Rico SAN JUAN, Puerto Rico -- US Customs and Border Protection (CBP) highlighted last Friday the successful implementation of the in-transit baggage pilot program at the Luis Muñoz Marín International Airport (LMMIA) in Puerto Rico, after one full year of operation with Condor Airlines flights from Frankfurt.

Spanish investors head to Puerto Rico to explore business opportunities

June 19, 2014
SAN JUAN, Puerto Rico -- Over 200 representatives from Puerto Rican and Spanish companies gathered in San Juan on Tuesday to discuss the pro-business environment in Puerto Rico, reinforcing it as an ideal “bridge” for companies interested in expanding to North American...

US president signs Congressional Gold Medal Bill for Puerto Rican unit

June 11, 2014
WASHINGTON, USA -- President Barack Obama signed a bill on Tuesday awarding the members of Puerto Rico's 65th Infantry Regiment -- the Borinqueneers -- the Congressional Gold Medal. The medal recognizes the contributions and extraordinary heroism of the men of the regiment.

Environmentalists target fisheries and ecosystems in latest mega cleanup in Puerto Rico

June 9, 2014
Environmentalists target fisheries and ecosystems in latest mega cleanup in Puerto Rico AN JUAN, Puerto Rico -- Volunteers will celebrate Father’s Day by sweeping debris out of a critical bay in eastern Puerto Rico in Pesca, Playa y Ambiente’s third mega-clean-up. The event in Punta Las Picuas is on Saturday, June 14, and is also aimed at raising awareness for a gill net ban.

Technical compliance advisor appointed to oversee critical reform of Puerto Rico police

June 7, 2014
SAN JUAN, Puerto Rico -- US District Judge Gustavo Gelpí has approved the selection of Arnaldo Claudio to serve as technical compliance advisor (TCA), overseeing the implementation of sweeping civil rights reforms under the agreement for sustainable reform of the...

Puerto Rico voted best US island

June 7, 2014
Puerto Rico voted best US island SAN JUAN, Puerto Rico -- Puerto Rico has been voted the number one US Island in the USA TODAY 10Best Readers' Choice Travel Award Contest. Puerto Rico tops the list, beating such destinations as Kauai, Hawaii, and Amelia Island, Florida. "We are delighted that the readers of USA Today ranked...

Puerto Rico announces $17 million investment at tech summit

June 6, 2014
SAN JUAN, Puerto Rico -- Puerto Rico has announced a $17 million investment to create an ultra-high-speed internet network to serve the island’s growing technology sector, which translates to up to $289 million in return. The multi-phase infrastructure project, nicknamed Gigabit Island...

Puerto Rico International Regatta ends successfully

June 3, 2014
Puerto Rico International Regatta ends successfully SAN JUAN, Puerto Rico -- Following two days of strong competition, the Puerto Rico Heineken International Regatta (PRHIR) and Puerto Rico International Dinghy Regatta that took place at The Yacht Club at Palmas del Mar, Humacao wrapped up successfully with good results.

Puerto Rico judge and local businessman indicted on conspiracy and bribery charges

May 30, 2014
SAN JUAN, Puerto Rico -- A current Puerto Rico Superior Court judge and Puerto Rico businessman have been charged with orchestrating a criminal scheme in which the businessman paid bribes to the judge presiding over the criminal case against the businessman.

The 'Puerto Rican Navy' gears up for the BVI Poker Run

May 24, 2014
SAN JUAN, Puerto Rico -- The 13th annual BVI Poker Run is just a few days away. The event will take place at Leverick Bay on Sunday. Boats from Puerto Rico, United States, US Virgin Islands, St Maarten, the Grenadines, and Tortola will compete for the best poker hand.

Sixteen Puerto Rico police officers indicted for allegedly running criminal organization

May 23, 2014
SAN JUAN, Puerto Rico -- Sixteen current and former Puerto Rico police officers have been indicted for their alleged participation in a criminal organization, run out of the police department, which used their affiliation with law enforcement to make money through robbery, extortion...

Puerto Rico extends opportunities to Central Florida business leaders

May 19, 2014
SAN JUAN, Puerto Rico -- Wrapping up a two-day trip to Florida, Secretary Alberto Bacó-Bagué, the head of Puerto Rico’s Department of Economic Development and Commerce (DDEC), urged the state’s large and growing Puerto Rican population to seek business opportunities in their homeland.

Private security guard sentenced for providing armed security for drug transaction in Puerto Rico

May 13, 2014
SAN JUAN, Puerto Rico -- A former private security guard was sentenced in Puerto Rico on Monday for his role in providing armed security for a drug transaction. Ricardo Amaro-Santiago, 41, of Guaynabo, Puerto Rico, was sentenced to serve 15 years in prison.

San Juan, Puerto Rico reports 2.9 percent employment loss from 2012 to 2013

May 13, 2014
SAN JUAN, Puerto Rico -- Puerto Rico’s only large county, the municipio of San Juan, reported an employment loss of 2.9 percent from September 2012 to September 2013, the US Bureau of Labor Statistics reported on Monday. Chief regional economist Martin Kohli noted that...

Tethered aerostat radar system launched in Puerto Rico

May 12, 2014
Tethered aerostat radar system launched in Puerto Rico LAJAS, Puerto Rico -- US Customs and Border Protection (CBP) Office of Air and Marine Operations officially launched on Friday the tethered aerostat radar system (TARS) within its previous location in the southwestern coast of the island. “By restoring the tethered aerostat radar system program...

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