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News from Puerto Rico:




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Puerto Rico customs seize counterfeit iPhone 6 phones and accessories

September 18, 2014
Puerto Rico customs seize counterfeit iPhone 6 phones and accessories SAN JUAN, Puerto Rico -- US Customs and Border Protection (CBP) field operations officers and import specialists seized in late August two fraudulent iPhone 6 cell phones among other counterfeit phones and cell phone accessories, infringing the intellectual property rights of Apple and Samsung.

Lawyers still investigating claims involving Puerto Rico bonds

September 18, 2014
Lawyers still investigating claims involving Puerto Rico bonds SAN JUAN, Puerto Rico -- Lawyers are still investigating claims involving Puerto Rico bonds. A number of brokerage firms in Puerto Rico, including UBS, Banco Popular, and others, sold massive amounts of Puerto Rico bonds. UBS also sold proprietary investment funds that held Puerto Rico bonds.

Puerto Rico debuts national fashion brand

September 13, 2014
Puerto Rico debuts national fashion brand SAN JUAN, Puerto Rico -- Ten successful Puerto Rican designers have joined forces under P.ERE, Puerto Rico’s first national fashion brand, which will promote the island’s growing fashion design market. Puerto Rico is already an established textile manufacturing destination.

New report highlights Puerto Rico's pro-business climate

September 5, 2014
New report highlights Puerto Rico's pro-business climate SAN JUAN, Puerto Rico -- The World Economic Fund’s (WEF) newly released Global Competitiveness Report for 2014-2015 ranks Puerto Rico first in Latin America and behind only the United States and Canada in the entire Western Hemisphere in terms of its pro-business climate.

Puerto Rico man sentenced to 40 years in prison for sexually exploiting three minors

August 30, 2014
Puerto Rico man sentenced to 40 years in prison for sexually exploiting three minors SAN JUAN, Puerto Rico -- A former disc jockey for high school parties was sentenced to serve 40 years in prison on Thursday in the District of Puerto Rico for sexually exploiting minors. According to court records, Eduardo Santiago-Rivera, 45, was a disc jockey who met his victims at...

University opens new regional campus in Puerto Rico

August 29, 2014
University opens new regional campus in Puerto Rico SAN JUAN, Puerto Rico -- Nova Southeastern University (NSU) is set to reconfirm its commitment to Puerto Rico with the grand opening of a new regional campus in San Juan. The new campus represents an expansion of offerings at NSU and also provides increased opportunities for students.

Puerto Rico appeals to young entrepreneurs

August 28, 2014
Puerto Rico appeals to young entrepreneurs SAN JUAN, Puerto Rico -- Alberto Bacó-Bagué, the Secretary of Puerto Rico’s Department of Economic Development and Commerce (DDEC), on Tuesday spoke to business leaders and start-ups at the National Black and Latino Council’s Black, Brown and Green Sustainability Summit.

Six former Puerto Rico police officers plead guilty to civil rights, obstruction of justice and perjury charges

August 27, 2014
Six former Puerto Rico police officers plead guilty to civil rights, obstruction of justice and perjury charges SAN JUAN, Puerto Rico -- Three Puerto Rico police officers, Erick Rivera Nazario, Angel Torres Quinones and Antonio Rodriguez Caraballo on Monday pleaded guilty to federal civil rights charges in connection with the fatal beating of 19-year-old Jose Luis Irizarry Perez. These pleas, in conjunction with...

Five defendants plead guilty in Puerto Rico to smuggling aluminum extrusions

August 23, 2014
Five defendants plead guilty in Puerto Rico to smuggling aluminum extrusions SAN JUAN, Puerto Rico -- Five defendants plead guilty on Monday in Federal District court in Puerto Rico to charges of conspiracy to smuggle aluminum extrusions into the United States, with the intent to avoid paying antidumping and countervailing duties. Samuel García-Adarme...

Puerto Rico power utility reaches agreements with creditors

August 16, 2014
SAN JUAN, Puerto Rico -- The Puerto Rico Electric Power Authority (PREPA) announced on Thursday that discussions with its creditors have resulted in agreements that provide PREPA with a consensual path forward to improve its operations and financial situation.

Puerto Rico customs seize counterfeit merchandise

August 15, 2014
Puerto Rico customs seize counterfeit merchandise SAN JUAN, Puerto Rico -- US Customs and Border Protection (CBP) San Juan field operations officers and import specialists this past weekend seized various courier consignments that contained counterfeit speakers, car beepers, iPhone parts, cell phone front screens, USB cables and wrist-watches.

Fourteen individuals charged with trafficking identities of Puerto Rican US citizens

August 14, 2014
SAN JUAN, Puerto Rico -- Fourteen individuals have been charged in three indictments in Puerto Rico with conspiracy to commit identification fraud, money laundering, aggravated identity theft and passport fraud in connection with their alleged roles in a scheme to traffic...

Puerto Rico reports strong start to fiscal year 2015

August 9, 2014
Puerto Rico reports strong start to fiscal year 2015 SAN JUAN, Puerto Rico -- Puerto Rico’s Treasury Secretary Melba Acosta Febo has reported that the preliminary revenue for July 2014, the first month of fiscal year 2015, totaled $624 million, exceeding July 2013 revenue by $129 million, or 26%. This number also surpassed July 2014 estimates by $37 million.

Puerto Rican economic development secretary highlights business opportunities for American Latinos

August 8, 2014
Puerto Rican economic development secretary highlights business opportunities for American Latinos SAN ANTONIO, USA -- Alberto Bacó Bagué, the secretary of Puerto Rico’s Department of Economic Development and Commerce (DDEC), closed a two-day American Latino National Summit on Wednesday by outlining the government’s plan for driving economic growth. The plan focuses on...

Commentary: No Caribbean appetite for a rum fight

August 8, 2014
Commentary: No Caribbean appetite for a rum fight It is alarming that Barbados’ Ambassador to the United States, John Beale, has publicly stated that CARICOM (the 15-nation Caribbean Community) is “inactive” and needs to take a position on the issue of Caribbean rums being wiped-out of the US market. Inactivity is not in the interest of CARICOM...

Commissioner's report on Puerto Rican bond funds anticipated shortly

August 7, 2014
NEW YORK, USA -- Rafael Blanco Latorre, commissioner of the Puerto Rico Office of the Financial Institutions, recently told Reuters that his office is winding up an investigation into whether Puerto Rican bond funds were unsuitable for the UBS clients who bought them.

Tropical Storm Bertha passes just south of Puerto Rico

August 2, 2014
Tropical Storm Bertha passes just south of Puerto Rico MIAMI, USA -- The centre of Tropical Storm Bertha was passing just south of Puerto Rico on Saturday morning, moving toward the west-northwest near 22 mph. A turn toward the northwest is expected by Saturday night, with this motion continuing through Sunday night.

Tropical Storm Bertha moves into northeast Caribbean

August 2, 2014
Tropical Storm Bertha moves into northeast Caribbean MIAMI, USA -- At 5:00 pm EDT on Friday, the centre of Tropical Storm Bertha was located 20 miles northwest of Fort de France, Martinique, and about 405 miles southeast of San Juan, Puerto Rico, as the system moved into the northeastern Caribbean Sea. According to the National Hurricane Center...

Tropical Storm Bertha forms, warnings in effect for Caribbean

August 1, 2014
Tropical Storm Bertha forms, warnings in effect for Caribbean MIAMI, USA -- Tropical storm Bertha formed in the western Atlantic on Thursday night and a tropical storm warning is in effect for Barbados, St Lucia, Dominica, Martinique, Puerto Rico, US Virgin Islands and the British Virgin Islands. A tropical storm watch is in effect for St Vincent.

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,

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The Caribbean Writer 2014
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