News from Puerto Rico:
September 18, 2014
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.
September 18, 2014
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.
September 13, 2014
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.
September 5, 2014
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.
August 30, 2014
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...
August 29, 2014
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.
August 28, 2014
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.
August 27, 2014
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...
August 23, 2014
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...
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.
August 15, 2014
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.
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...
August 9, 2014
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.
August 8, 2014
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...
August 8, 2014
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...
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.
August 2, 2014
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.
August 2, 2014
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...
August 1, 2014
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.
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...
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...
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.
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.
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...
July 8, 2014
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...
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.
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,