Puerto Rico completes its first debt restructuring deal
Jamaica Observer

SAN JUAN, Puerto Rico (AP) — Puerto Rico has completed its first debt-restructuring deal since the government announced it was bankrupt more than three years ago.The agreement was finalised with creditors holding...

Puerto Rico still lacks disaster plan
Jamaica Gleaner

More than a year after Hurricane Maria caught Puerto Rico's government wildly unprepared, officials acknowledge they still haven't come up with a plan to cope with the next such disaster - and it's not clear when they...

Disaster recovery in the neighbourhood
Jamaica Gleaner

The shortest, or as the crow flies, air travel distance between Jamaica and Puerto Rico, according to www.distancefromto.net, is 1,133 kilometres or 704 miles.That island, along with Cuba, The Cayman Islands and...

New Puerto Rico fiscal plan OK'd; governor says too austere
Jamaica Observer

SAN JUAN, Puerto Rico (AP) — A federal control board that oversees Puerto Rico's finances approved a five-year fiscal plan on Tuesday, but the Government immediately said it would challenge the decision and the board...

Lin-Manuel Miranda unveils $3-M plan for Puerto Rico coffee
Jamaica Observer

SAN JUAN, Puerto Rico (AP) — Hamilton creator Lin-Manuel Miranda says several organisations have pledged nearly US$3-million to help revive Puerto Rico's struggling coffee industry.The non-profit Hispanic Federation...

Study: Post-Maria contracts go to mainland, not Puerto Rico
Jamaica Gleaner

A study published last Wednesday found that the bulk of federal funds slated for post-hurricane reconstruction efforts in Puerto Rico are going to mainland companies despite a federal provision that states that local...

After the storm: hardship endures for Puerto Ricans on US mainland
Jamaica Observer

NEW YORK, United States (AFP) — They arrived in New York from Puerto Rico after Hurricane Maria ravaged the island in September 2017, leaving widespread devastation in its wake and a death toll that would spiral to...

Puerto Rico shakes up Cabinet amid reconstruction efforts
Jamaica Observer

SAN JUAN, Puerto Rico (AP) — Puerto Rico's governor announced a shake-up of top Cabinet officials on Tuesday as the US territory prepares to invest a recent influx of federal funds aimed at helping the island rebuild...

Puerto Rico reaches deal to restructure US$3b of power debt
Jamaica Gleaner

Puerto Rico's government reached a deal Monday night with a bondholder group to restructure more than a third of the debt owed by its troubled power company as the utility moves towards...

Puerto Rico power company names third CEO in two weeks
Jamaica Gleaner

Puerto Rico's governor named a new CEO on Wednesday to lead the US territory's power company, which has now seen three top executives in two weeks as it struggles with a lack of leadership, bankruptcy and the restoration...

Higgins resigns as Puerto Rico utility CEO
Royal Gazette

Walter Higgins has resigned as chief executive officer of Puerto Ricos bankrupt power company after four months in the role. The former CEO of Ascendant, parent company of Belco, was chosen to lead the Puerto Rico...

Puerto Rico to sue control board over budget differences
Jamaica Observer

SAN JUAN, Puerto Rico (AP) — Puerto Rico's governor announced yesterday that his Administration will sue a federal control board to resolve a disagreement over two competing budgets that aim to pull the US territory...

Puerto Rico to sue control board over budget differences
Jamaica Gleaner

Puerto Rico to sue control board over budget differencesPuerto Rico's governor announced Thursday that his administration will sue a federal control board to resolve a disagreement over two competing budgets that aim to...

Puerto Rico introduces Bill to become US state
Jamaica Observer

WASHINGTON, United States (AP) — Puerto Rico's non-voting representative in Congress is introducing a Bill that seeks to make the US territory a state by 2021.Resident Commissioner Jenniffer Gonzalez said Wednesday...

Argus agrees deal with Advantage Insurance
Royal Gazette

Argus Group is selling its private placement life business to Puerto Rico-headquartered Advantage Insurance Inc. Financial terms of the deal have not be disclosed. The transaction is expected to be completed before the...

Venezuela frees two Chevron employees
Jamaica Observer

CARACAS, Venezuela (AFP) — Venezuela has freed two employees of the US oil giant Chevron who were arrested in April, the company said.The two men are in good health, the company said in an e-mail to AFP.The pair,...

Petrotrin pays consultants $63m
Trinidad Guardian

State-owned Petrotrin has paid $63.6 million to consultants for services from July 2017 to date. The information was given by the Energy Ministry in Parliament via written reply to questions from United National Congress...

Puerto Rico details how $1.5B in federal funds will be used
Jamaica Observer

SAN JUAN, Puerto Rico (AP) — Puerto Rico's governor has released a plan that outlines how his administration will use $1.5 billion in federal funds to help the US territory recover from hurricanes Irma and...

Control board meeting to OK austerity plans for Puerto Rico
Jamaica Observer

SAN JUAN, Puerto Rico (AP) — New austerity measures are coming for Puerto Rico as a federal control board overseeing the US territory's finances met yesterday to approve several fiscal plans that will serve as the...

US awards $18.5 billion in recovery grants for Puerto Rico
Jamaica Observer

SAN JUAN, Puerto Rico (AP) — The US Government announced Tuesday that it will award US$18.5 billion worth of disaster recovery grants to Puerto Rico to help repair homes, businesses and its crumbling power grid as...

CCCR meets with FCC on regional resilience
Trinidad Guardian

Members of the Commission on Caribbean Communications Resilience (CCCR) has met with United States Federal Communications Commission (FCC) representatives to discuss new ways to increase the resilience of regional...

Puerto Rico's rainforest slowly reopens to visitors
Jamaica Observer

SAN JUAN, Puerto Rico (AP) — Portions of a popular rainforest in Puerto Rico are slowly reopening to visitors more than six months after Hurricane Maria hit the US territory as a Category four storm.The US Forest...

LIAT implements new security measures for passengers to US and territories
Dominica News Online

As of 27 March 2018, passengers using LIAT flights to the USA and its territories will experience added security measures. These measures are in line with updated Transportation Security Administration (TSA) regulations....

Higgins takes on tough task in Puerto Rico
Royal Gazette

Walter Higgins, the former chief executive officer of Ascendant Group Ltd, has taken on one of the most challenging jobs in the power utility world. The utilities veteran was this week named as CEO of Prepa, the Puerto...

Puerto Rico governor to reduce taxes, increase salaries
Jamaica Observer

SAN JUAN, Puerto Rico (AP) — Puerto Rico's governor pledged Monday to reduce taxes, raise pay for police officers and implement work requirements for those on welfare to help the US territory recover from Hurricane...

Puerto Rico governor to reduce taxes, increase salaries
Jamaica Gleaner

Puerto Rico's governor pledged Monday to reduce taxes, raise pay for police officers and implement work requirements for those on welfare to help the US territory recover from Hurricane Maria amid the island's 11-year-old...

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