Puerto Rico enacts medicinal marijuana law
Jamaica Observer

SAN JUAN, Puerto Rico (AFP) — The depleted government coffers of bankrupt Puerto Rico will take in US$50 million a month now that a law allowing the use of marijuana for medicinal purposes has taken effect, the...

Puerto Rico amends tax incentive laws to lure more investors
Jamaica Observer

SAN JUAN, Puerto Rico (AP) — Puerto Rico's governor on Tuesday signed several measures meant to lure more investors and attract new companies to a US territory mired in a deep economic crisis.One of the amended laws...

BWB Americas come to an end in The Bahamas
Nassau Guardian

The ninth edition of the Basketball Without Borders (BWB) Americas closed out on Saturday as the top 66 boys and girls high school basketball players from 16 countries and territories around the region competed in playoff...

Puerto Rico struggles to save historic buildings amid crisis
Jamaica Observer

SAN JUAN, Puerto Rico (AP) — Stained glass windows from the 16th century are broken. Porch railings from the 1700s are missing. Brick walls crumble inside the hall where Spain ceded Puerto Rico to the US.

Some Puerto Ricans struggle to find careers in Florida
Jamaica Observer

ORLANDO, United States (AP) — Kaisha Toledo was studying for a doctorate in psychology in Puerto Rico, but after four years in Florida, she still hasn't found a permanent job in her field.Ricardo Negron passed the...

Assured sues over Prepa bankruptcy decision
Royal Gazette

Assured Guaranty is suing Puerto Ricos federal oversight board over its decision to push the Caribbean islands electric utility into bankruptcy. The Bermuda-based firm insures some of the bonds issued by Prepa, as the...

Board rejects Puerto Rico budget because of overspending
Jamaica Observer

SAN JUAN, Puerto Rico (AP) — A federal control board overseeing Puerto Rico's finances rejected the US territory's proposed budget on Tuesday because it said it lacks at least US$200 million in specific cost-saving...

SP affirms Assureds AA rating
Royal Gazette

Bond insurer Assured Guaranty Ltds operating units have had their AA rating affirmed by Standard amp Poors even though the credit ratings agency expects to see some losses from bonds issued by debt-saddled Puerto Rico....

Puerto Rico families fight, flee a surge in foreclosures
Jamaica Observer

SAN JUAN, Puerto Rico (AP) — Elvis Guzman opened the letter, saw it was in English, and took it to his lawyer for translation.The 59-year-old who sells recycled metal for a living figured it was another letter from...

To be, or not to be...
Jamaica Observer

SAN JUAN, Puerto Rico (AFP) — Today, Puerto Ricans vote on their relationship with the United States in a non-binding referendum.They can choose from three options — statehood, independence or another form of...

Puerto Rico governor protects pensions, promises tax breaks
Jamaica Gleaner

Puerto Rico governor protects pensions, promises tax breaksPuerto Rico's governor unveiled a budget Wednesday that prioritises pension payments for tens of thousands of retired government workers who depend on a public...

Puerto Rico seeks court's help to save public pension system
Jamaica Gleaner

Puerto Rico is seeking help from federal court to restructure the debt of the US territory's public pension system, which is projected to run out of money this year.A federal control board overseeing the island's finances...

Basquiat sells for US$110.5mn
Jamaica Observer

NEW YORK, United States (AFP) — A 1982 untitled Basquiat sold for US$110.5 million in New York on Thursday, setting a new auction record for the US artist in Sotheby's flagship post-war and contemporary art sale, the...

Debris near Eleuthera possibly from missing plane
Nassau Guardian

Debris found in waters near Eleuthera is believed to be from a private passenger plane that went missing while flying over The Bahamas, according to U.S. Coast Guard Liaison Officer to The Bahamas Lieutenant Commander...

Puerto Rico development bank forges deal with creditors
Jamaica Gleaner

Puerto Rico's development bank has entered into a deal with financial creditors that would allow it to avoid a lengthy bankruptcy proceeding, the leader of the debt-swamped United States territory announced Monday.The...

Puerto Rico drinking water is worst in US — report
Jamaica Observer

MIAMI, United States (AFP) — The US territory of Puerto Rico has the worst drinking water in the nation, and the majority of the island's water supply is in violation of federal standards, a report said...

BTC loses 6,000 mobile subscribers
Nassau Guardian

Cable & Wireless Communications (C&W), part owner of Bahamas Telecommunications Company (BTC), said 6,000 mobile subscribers, both prepaid and postpaid, were lost in the first quarter of 2017 as a result of...

Assured sues Puerto Rico over debt plan
Royal Gazette

NEW YORK Reuters Bermudian-based bond insurer Assured Guaranty, which has more than 5 billion at stake in Puerto Ricos debt crisis, has sued the US territory and its financial oversight board, objecting to a fiscal...

Puerto Rico seeks bankruptcy protection: governor
Jamaica Observer

SAN JAUN, Puerto Rico (AFP) — The governor of Puerto Rico announced Wednesday that the US territory would seek a form of bankruptcy protection to restructure its US$70-billion debt, the largest municipal...

Puerto Rico heads to court for historic debt restructuring
Jamaica Gleaner

Puerto Rico headsto court for historic debt restructuringPuerto Rico's governor on Wednesday announced a historic restructuring of a portion of the United States territory's US$73 billion debt through the courts after...

Puerto Rico hit with - lawsuits by bondholders
Jamaica Gleaner

A group representing those who bought a portion of the US$16 billion worth of bonds backed by Puerto Rico's sales tax, said in its lawsuit that a government plan to cut its US$70-billion debt is unconstitutional. The...

Trump rejects push to help solve Puerto Rico debt crisis
Jamaica Observer

 SAN JUAN, Puerto Rico (AP) — US President Donald Trump said yesterday that he is opposed to a push to help Puerto Rico resolve its US$70- billion debt load as the US territory faces looming austerity measures...

Sutherland Global named Business of the Year
Jamaica Observer

MANDEVILLE, Manchester - Still a relatively new business in the parish, business process outsourcing (BPO) company Sutherland Global Services took top spot at this month’s Manchester Chamber of Commerce (MCC)...

How bad corporate debts are holding back India’s growth
Jamaica Observer

NEW DELHI, India (AFP) — The recent arrest of Vijay Mallya highlighted the problem of bad loans in India, but analysts say the tycoon’s unpaid debts are just the tip of an iceberg that is already holding back...

US businesses getting hammered by Venezuela crisis
Jamaica Observer

WASHINGTON, DC, United States (AFP) — The political and economic crisis in Venezuela is costing US companies dearly, as General Motors can attest following the unexpected nationalisation of its plant there. Local...

Coca-Cola in North Korea? It’s (usually not) the Real Thing
Jamaica Observer

PYONGYANG, North Korea (AP) — Coca-Cola is possibly the world’s most recognisable brand, an almost inescapable symbol of the global appeal of American-style consumer culture. There are only two countries in the...

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Ibrahim: Good day, Are you in need of urgent loan…Do you want to clear your debt, expansion of business,r personal loan” you can contact us for your fast and reliable loan at a low interest rate of 2%,...

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bella: I noticed there are lots of Hackers who claim to be good at what they do, i tried a couple and i found out it was all junks until my russian friend introduced me to the dbrainchild. This guy is...

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