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News from Puerto Rico:




Puerto Rico

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Seaborne Airlines launches San Juan-Santo Domingo route

April 19, 2014
Seaborne Airlines launches San Juan-Santo Domingo route SAN JUAN, Puerto Rico -- Seaborne Airlines, the fastest growing airline in the Caribbean, launched its non-stop daily service from Luis Munoz Marin International Airport in San Juan (SJU) to Las Americas International Airport in Santo Domingo, Dominican Republic (SDQ) on April 15, 2014.

Puerto Rico supreme court decision yet another challenge, says ratings agency

April 17, 2014
NEW YORK, USA -- Fitch Ratings said it believes that the Puerto Rico Supreme Court decision finding recent reforms of the teachers retirement system unconstitutional presents the administration with yet another challenge as it works to stabilize the commonwealth's fiscal position.

IAPA reviews press freedom in Dominican Republic and Puerto Rico

April 10, 2014
BRIDGETOWN, Barbados -- The Inter American Press Association (IAPA) has released a number of in-depth reviews of major press freedom developments in the past six months in each of the countries of the Americas at the opening of its midyear meeting held in Barbados from April 4-7.

Letter: Explanation and information for the people of Puerto Rico

April 10, 2014
The Board of Chiropractors of Puerto Rico, in our duty to ensure the healthy exercise of the chiropractic profession in Puerto Rico within the framework of Law No. 492, which regulates that profession on the island, with the primary mission to ensure the health the people of Puerto Rico.

Puerto Rico's preliminary fiscal year-to-date revenues show 4.6 percent increase

April 9, 2014
SAN JUAN, Puerto Rico -- Department of the Treasury Secretary Melba Acosta Febo reported that Puerto Rico’s preliminary revenues accrued this fiscal year for the period of July to March totaled $6,080 million, about $269 million, or 4.6 percent, more than the previous year.

Second large cocaine shipment seized off Puerto Rico within one week

April 5, 2014
SAN JUAN, Puerto Rico -- US Customs and Border Protection (CBP) and Homeland Security Investigations (HSI) seized 3,373 pounds (1,530 kilos) of cocaine on Thursday inside a wooden vessel off the southern coast of Puerto Rico. The estimated value of the narcotics is $42.8 million.

Caribbean strike force seizes two tons of cocaine off Puerto Rico; two Venezuelans arrested

April 4, 2014
Caribbean strike force seizes two tons of cocaine off Puerto Rico; two Venezuelans arrested SAN JUAN, Puerto Rico -- On Monday, the Caribbean Corridor Strike Force (CCSF) intercepted a Zodiac type vessel off the coast of Dorado while attempting to smuggle a load of cocaine into Puerto Rico. Two Venezuelan nationals and 1,774 kilograms of cocaine were seized during the interdiction.

Another former Puerto Rico correctional officer sentenced in heroin smuggling scheme

March 15, 2014
SAN JUAN, Puerto Rico -- A former correctional officer in Puerto Rico was sentenced to serve 37 months in prison for attempting to smuggle heroin into state prison by delivering it to an inmate in the parking lot of the Medical Center in San Juan, Puerto Rico.

Dominican Republic national sentenced for trafficking identities of Puerto Rican US citizens

March 13, 2014
SAN JUAN, Puerto Rico -- A Dominican Republic national was sentenced on Tuesday for his leading role in trafficking the identities and corresponding identity documents of Puerto Rican US citizens. Wilfredo Blanco-Diaz, 40, formerly of Caguas, Puerto Rico, was sentenced to serve...

Puerto Rico observatory main suspension cable repaired following earthquake

March 13, 2014
Puerto Rico observatory main suspension cable repaired following earthquake ARECIBO, Puerto Rico -- On January 13, 2014, the William E. Gordon radio telescope in Arecibo, Puerto Rico sustained damage following a 6.4 magnitude earthquake that was centered 37 miles northwest of Arecibo. Following the earthquake, Arecibo Observatory staff conducted a structural survey...

Major investments add momentum to Puerto Rico's economic resurgence

March 12, 2014
SAN JUAN, Puerto Rico -- Two investment groups announced plans on Monday to invest a combined total of more than $460 million in separate acquisitions that will significantly strengthen Puerto Rico's status as a high-end luxury resort destination. New York investment firm Paulson & Co. said...

Puerto Rico places $3.5 billion general obligation bonds

March 12, 2014
SAN JUAN, Puerto Rico -- The Government Development Bank for Puerto Rico (GDB) on Tuesday announced the successful sale of tax-exempt fixed rate General Obligation (GO) Bonds of the Commonwealth of Puerto Rico in the aggregate principal amount of $3.5 billion.

Two shipping companies to pay $3.4 million to settle claims of price fixing to Puerto Rico

March 10, 2014
JACKSONVILLE, USA -- Sea Star Line and Horizon Lines have agreed to resolve allegations that they violated the False Claims Act by fixing the price of government cargo transportation contracts between the continental United States and Puerto Rico.

Two former Puerto Rico law enforcement officers sentenced for scheme to smuggle heroin to inmates

March 8, 2014
SAN JUAN, Puerto Rico -- A former state marshal and a correctional officer in Puerto Rico were sentenced on Thursday for attempting to smuggle heroin to inmates in exchange for payment. Joel Torres-Velazquez, 49, was sentenced to serve 37 months in prison.

Go-fast vessel with 38 bales of cocaine intercepted off southern coast of Puerto Rico

March 6, 2014
SAN JUAN, Puerto Rico -- US Customs and Border Protection (CBP) and US Coast Guard (USCG) assets intercepted a vessel on Monday evening attempting to smuggle 38 bales of cocaine, totaling 2,432 pounds (1,103 kilos), with an approximated street value of $27.5 million.

Jamaican arrested in seizure of 30 bales of marijuana off Puerto Rico

March 4, 2014
SAN JUAN, Puerto Rico -- US Customs and Border Protection (CBP) and US Coast Guard (USCG) assets intercepted a vessel on Saturday evening attempting to smuggle 30 bales of marijuana totaling 750 pounds (340.194 kilos), with an approximated street value of $1.8 million.

Seaborne Airlines starts daily non-stop San Juan-St Maarten service

March 3, 2014
Seaborne Airlines starts daily non-stop San Juan-St Maarten service SIMPSON BAY, St Maarten -- Seaborne Airlines, one of the fastest-growing airlines in the region, was airborne from San Juan, Puerto Rico, to the Princess Juliana International Airport (SXM) as it executed its maiden flight to St Maarten on Saturday. Met with the traditional water cannon salute...

Puerto Rico authorities detain 19 undocumented migrants over long weekend

February 20, 2014
AGUADILLA, Puerto Rico -- US Customs and Border Protection (CBP) border patrol agents detained 19 undocumented immigrants from the Dominican Republic and Haiti during separate incidents on Saturday and Monday. On Saturday afternoon, Park Rangers from the Puerto Rico...

Puerto Rico law enforcement apprehends 57 undocumented migrants

February 14, 2014
Puerto Rico law enforcement apprehends 57 undocumented migrants AGUADILLA, Puerto Rico -- US Customs and Border Protection (CBP), US Coast Guard (USCG) and US Immigration and Customs Enforcement (ICE), operating under the Caribbean Border Interagency Group (CBIG) apprehended 57 undocumented migrants from Haiti, Dominican Republic and Brazil.

USVI leaders working to avoid similar financial fate as Puerto Rico

February 13, 2014
USVI leaders working to avoid similar financial fate as Puerto Rico ST THOMAS, USVI -- Senator Janette Millin Young has cautioned leaders in the US Virgin Islands to pay close attention to the economic woes that Puerto Rico is now experiencing in order to avoid a similar fate in the USVI. Last week, Puerto Rico’s debt rating was downgraded to junk status.

Puerto Rico officials 'disappointed' at third ratings downgrade

February 12, 2014
SAN JUAN, Puerto Rico -- On Tuesday, Treasury Secretary Melba Acosta Febo and Government Development Bank for Puerto Rico (GDB) chairman David Chafey commented on Fitch Ratings' decision regarding outstanding bonds of the Commonwealth and related entities.

Puerto Rico officials dispute latest debt downgrade

February 10, 2014
SAN JUAN, Puerto Rico -- On Friday, Treasury Secretary Melba Acosta Febo and Government Development Bank for Puerto Rico (GDB) chairman David H. Chafey commented on Moody's Investors Service's decision regarding outstanding bonds issued by Puerto Rico and related entities.

Puerto Rico works with 'Code for America' to provide services and foster economic development

February 8, 2014
SAN JUAN, Puerto Rico -- Alberto Baco Bague, the secretary of economic development and commerce, and Giancarlo Gonzalez, Puerto Rico's chief information officer, on Friday welcomed the arrival of technology specialists from Code for America as part of an initiative to develop...

Puerto Rico buries Cuban hopes in Caribbean baseball series

February 7, 2014
Puerto Rico buries Cuban hopes in Caribbean baseball series MARGARITA ISLAND, Venezuela (ACN) -- Puerto Rico advanced to the semifinals of the Caribbean Baseball Series held at Margarita Island, Venezuela, beating the host squad 5-4, a result that left Cuba without the possibility of advancing in the event. Forced to beat the undefeated Magallanes Navegantes...

Puerto Rico credit rating downgraded to 'speculative'

February 5, 2014
NEW YORK, USA -- Standard & Poor's Ratings Services (S&P) has lowered its rating on Puerto Rico's general obligation (GO) debt to 'BB+' (non-investment grade/speculative) from 'BBB-'. At the same time, S&P downgraded Commonwealth appropriation secured debt and Employee...

Puerto Rico governor to introduce balanced budget for fiscal year 2014-15

February 4, 2014
Puerto Rico governor to introduce balanced budget for fiscal year 2014-15 SAN JUAN, Puerto Rico -- Ingrid Vila Biaggi, chief of staff to Puerto Rico Governor Alejandro Garcia Padilla, announced on Monday that a balanced budget for the 2014-2015 fiscal year will be introduced in the coming weeks. This follows more than a year of fiscal reforms, including reforms to three of...

Puerto Rico high-end hotels and rum events attract the world

February 3, 2014
SAN JUAN, Puerto Rico -- It seems that Puerto Rico is attracting new tourists, putting the island back on the map. When it comes to high-end hospitality, four new top notch hotels have opened in the 35 x 100 mile island. Starting with the Ritz Carlton Reserve located in Dorado...

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