Industry State Minister explores entrepreneurial strategies in Puerto Rico
Jamaica Observer

KINGSTON, Jamaica — State Minister in the Ministry of Industry, Commerce, Agriculture and Fisheries Floyd Green, is in Puerto Rico where he is exploring the neighbouring island's incubator and accelerator systems and...

Assured Guaranty agrees Puerto Rico deal
Royal Gazette

Bermudian-based bond insurer Assured Guaranty played a key role in an bond restructuring agreement that could enable Puerto Rico's power utility to stabilise its finances.Debt-saddled Prepa struck a deal with a group of...

Yaneek Page | Turning your passion for travel into profit, Part 2
Jamaica Gleaner

ADVISORY COLUMN: BUSINESSWISE In my last column, I introduced you to millennial voyageurs Cameron Seagle and Natasha Alden whom I met at the Global Ambassadors Program in Puerto Rico in March. Determined to escape what...

US to publish its own economic data on Puerto Rico
Jamaica Observer

SAN JUAN, Puerto Rico (AP) — The US government announced M onday that it will begin to publish economic data on Puerto Rico amid concerns that statistics released by the US territory itself are flawed.

Payless to close in US, but promises to remain open in Jamaica
Jamaica Observer

PAYLESS ShoeSource may be shuttering business in the United States and Puerto Rico, but the retail giant yesterday sought to reassure its Latin American and Caribbean customers that it has no intention of closing business...

Probe into Puerto Rico board seeks transparency from consultants
Jamaica Gleaner

A federal control board overseeing Puerto Rico’s finances announced on Monday that it would require more transparency from its vendors following an independent investigation into allegations of conflict of interest.

Judge approves massive Puerto Rico debt restructuring deal
Jamaica Gleaner

A federal bankruptcy judge approved a major debt restructuring plan for Puerto Rico on Monday in the first deal of its kind for the US territory since the island’s government declared nearly four years ago that it...

Bill Clinton pledges help for Caribbean after '17 hurricanes
Jamaica Observer

SAN JUAN, Puerto Rico (AP) — Former US President Bill Clinton announced dozens of projects Tuesday aimed at helping Puerto Rico and other Caribbean islands recover from a deadly 2017 hurricane season as part of a...

US to help Puerto Ricans who lost jobs after hurricanes
Jamaica Observer

SAN JUAN, Puerto Rico (AP) — Puerto Ricans who lost their jobs after hurricanes Maria and Irma can start applying for disaster unemployment assistance after the US doubled the 26 weeks of benefits, officials...

Storm-hit Puerto Rico lost 130K
Jamaica Observer

SAN JUAN, Puerto Rico (AP) — The US Census Bureau says Puerto Rico lost 130,000 inhabitants between July 2017 and 2018, a period that includes Hurricane Maria.Officials said Wednesday that the US territory's...

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,...

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