News Puerto Rico: Puerto Rico Needs a Better Debt Deal
The COFINA restructuring doesn’t go nearly far enough. It saddles Puerto Rico with escalating debt payments for the next 20 years, even though the economy has been in a decade-long slump. It also sets a dangerous precedent. If Puerto Rico's government and the oversight board created by Congress agree to similar terms with creditors who hold General Obligation bonds, it will be just a question of time before the commonwealth is forced to default yet again or curtail public pension payments upon which more than 325,000 workers depend. By far the most important condition for a successful debt restructuring is a realistic assessment of the economy’s growth potential and its capacity to repay its debtors.
News Puerto Rico: Liberty Puerto Rico Deploys Aurora Networks’ Distributed Access Architecture Solution to Advance HFC Network Modernization
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News Puerto Rico: Tyler Perry Is Selling $100 Million Worth Of Homes In The United States As He Prepares To Move To Puerto Rico
Tyler Perry is putting nearly $100 million worth of trophy real estate on the market as he prepares for a major lifestyle change. His planned move to Puerto Rico also comes with some potentially extraordinary tax advantages for someone with an $850 million fortune.
News Puerto Rico: NSF announces pilot phase and anticipated opening date of Arecibo C3 at the site of the NSF Arecibo Observatory Historic District in Puerto Rico
| En Español | As excitement builds for the grand opening of the new U.S. National Science Foundation Arecibo Center for Culturally Relevant and Inclusive Science Education, Computational Skills, and…
News Puerto Rico: The Arecibo Observatory Was Like Family. I Couldn't Save It
In the backcountry of Puerto Rico, hidden from prying eyes by round, misty hills, sits one of the world’s great astronomical facilities: the Arecibo Observatory. Conceived in the aftermath of the ...
News Puerto Rico: Liberty Latin America stock faces Puerto Rico debt uncertainty
A September 15, 2026 filing detailed a USD 410.0 million first-out financing concept after Puerto Rico debt talks ended. Q2 revenue reached USD 1.103 billion and adjusted OIBDA USD 436.0 million.
News Puerto Rico: Fusion Farms in Puerto Rico an Investment Opportunity With Brains, Heart and Guts
MAYAGÜEZ, Puerto Rico, April 16, 2019 (Newswire.com) - It's an intelligent impact investment opportunity with a socially conscious and serious punch, and it’s opened its arms to investors who want to ...
News Puerto Rico: SEE IT: Puerto Ricans reject 51st state push as residents fear taxes could skyrocket
Puerto Ricans largely rejected becoming the 51st state, citing fears of higher taxes, economic turmoil and losing their cultural identity in interviews.
News Puerto Rico: A semi-retired couple moved to Puerto Rico for an adventure and some tax benefits, but a healthcare crisis may soon change their plans
In February 2021, when a rare snowstorm knocked out power for more than 4.5 million homes in Texas, Sarah Lindsey and Sean Flynn, two Austin residents, were looking for a change of scenery. That ...
News Puerto Rico: New online tool lets Puerto Rico residents sign up for child tax credit payments worth up to $3,600 per child
The American Rescue Plan made the child tax credit more generous to U.S. parents, including Puerto Rico residents. Code for America launched a new online tool Thursday to help eligible Puerto Rico ...
News Puerto Rico: Agricultural insurance gaps discussed in Puerto Rico following tropical storm Ernesto
Amid discussions on the limitations of agricultural insurance in Puerto Rico, Agriculture Secretary Ramón González Beiró has faced criticism for not taking steps to extend insurance coverage beyond ...
News Puerto Rico: Puerto Rico Investors Sue Banks Over High-Risk Bond Funds
A group of older investors in Puerto Rico is suing the brokerage units of UBS AG and Popular Inc. for guiding them toward mutual funds that invested heavily in Puerto Rico bonds, causing them to ultimately lose much of their life savings, Reuters reports.
News Puerto Rico: CERTAIN PUERTO RICO CLOSED-END FUNDS ANNOUNCE STRATEGIC REVIEW OF FUND STRUCTURE
The funds listed above (each, a "Fund" and together, the "Funds"), each a Puerto Rico unlisted closed-end fund registered under the Investment Company Act of 1940, as amended, each announced today that, in connection with ongoing reviews of options to provide better liquidity, value, and operational efficiencies for Fund shareholders, a determination has been made to pursue an alternative to the existing closed-end fund structure. Accordingly, the Board of Directors of each Fund is conducting a
News Puerto Rico: The Retirees Who Moved to Puerto Rico for the Tax Break Say the Tax Break Was Never the Point
Puerto Rico's Act 60 tax break sounds like a retiree's dream, but most retirement income never qualifies for it. Here is what the move actually costs, who it genuinely helps, and what happens when the ...
News Puerto Rico: Infosys BPM opens second office in Aguadilla, Puerto Rico
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News Puerto Rico: Steri-Tech Agrees $700,000 Clean Air Act Settlement Over Puerto Rico Emissions
Steri-Tech agrees a proposed $700,000 Clean Air Act settlement requiring 99.99% control of ethylene oxide emissions at its Puerto Rico facility.
News Puerto Rico: Freedom Boat Club Announces Puerto Rico Expansion and its First Location in Fajardo
VENICE, Fla., March 06, 2023 (GLOBE NEWSWIRE) -- Freedom Boat Club, the world’s largest boat club operator and a division of Brunswick Corporation (NYSE: BC), today announced expansion into Puerto ...
News Puerto Rico: Celligence and AngelAi Secure $100 Million Investment from Mortgage Treasury to Expand Access to Homeownership and Financial Services
Fintech pioneer Celligence today announced a $100 million investment from real estate finance firm Mortgage Treasury to scale AngelAi, its platform for automating complex financial decisioning and ...
