News from Puerto Rico:
September 30, 2015
SAN JUAN, Puerto Rico -- Ten Puerto Rico police officers have been indicted for their alleged participation in a criminal organisation, run out of the police department, that used their affiliation with law enforcement to make money through robbery, extortion, manipulating court records and selling narcotics.
September 26, 2015
AGUADILLA, Puerto Rico – US Customs and Border Protection (CBP) has issued a public warning upon the landing on Mona Island on Wednesday of five undocumented migrants from Cuba on board a rubber raft. US Coast Guard Sector San Juan notified the Border Patrol Ramey Sector...
September 19, 2015
SAN JUAN, Puerto Rico -- After two successful events aimed at the US market, and a first Latin American edition this year, organizers for the Puerto Rico Investment Summit have announced that the 2016 edition will be held on February 11 and 12, at the Convention Center in San Juan.
September 16, 2015
FAJARDO, Puerto Rico -- US Customs and Border Protection (CBP) Office of Air and Marine Agents on Friday night recovered 114 pounds (51.7 kilos) of cocaine inside four backpacks that were ditched by smugglers on the east coast of the island. The estimated value of the contraband is $1.4m.
September 12, 2015
SAN JUAN, Puerto Rico -- The Institute for Energy Economics and Financial Analysis released a report this week concluding that the Puerto Rico Electric Power Authority (PREPA) is being overly generous with bondholders in its proposal to restructure its debt and short-sighted in its wind, solar and energy...
September 10, 2015
LAS VEGAS, USA -- DigiPath Labs, the cannabis testing subsidiary of DigiPath, Inc., recently expressed concerns that Puerto Rico's new state-run medical cannabis policy does not include third-party safety testing, a crucial assurance to patients that their medicine is safe. In an interview with...
September 9, 2015
WASHINGTON, USA -- Main Street Bondholders Coalition, a project of the 60 Plus Association, America's largest center-right seniors organization representing more than 7.2 million older Americans, has launched a paid advertising campaign in Washington and Puerto Rico to highlight what it describes...
September 8, 2015
ST JOHN'S, Antigua -- Regional carrier LIAT has announced its new winter schedule, which will come into effect from September 15, 2015. The winter schedule has been brought forward due to the acceleration in the fleet transition process, and the situation that currently exists in Dominica following Tropical Storm Erika.
September 4, 2015
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.
September 3, 2015
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.
August 31, 2015
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...
August 31, 2015
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...
August 28, 2015
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.
August 28, 2015
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.
August 27, 2015
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...
August 24, 2015
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...
August 21, 2015
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...
August 21, 2015
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]...
August 18, 2015
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...
August 15, 2015
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...
August 11, 2015
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.
August 10, 2015
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...
August 8, 2015
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...
August 5, 2015
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...
August 5, 2015
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.
August 4, 2015
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...
July 29, 2015
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.