Fiscal board denies gov’t request for $200 million from Emergency

The Financial Oversight and Management Board on Thursday denied the government’s request filed on March 10 for the board’s authorization for the use of no less than $200 million from the Commonwealth’s Emergency Reserve Fund for the Puerto Rico Electric Power Authority (PREPA) to stabilize and mitigate increases in electricity rates because, the board said, … Continued

Governor marks 105 years of US citizenship for Puerto Ricans

Gov. Pedro Pierluisi Urrutia celebrated 105 years of U.S. citizenship for Puerto Ricans on Wednesday, taking to social media to send a message of U.S.-Puerto Rico solidarity. “Today we commemorate 105 years as American citizens,” the governor said in a Facebook post. “We celebrate the benefits, the privileges. the freedoms and the rights that the … Continued

FEMA allocates $74.6 million to repair UPR infrastructure in Bayamón

The Federal Emergency Management Agency (FEMA) has approved $74.6 million to repair the infrastructure of the Bayamón Campus of the University of Puerto Rico (UPR). The funds will be distributed under the permanent works program, according to what FEMA advanced to the resident commissioner in Washington, Jenniffer González. FEMA also approved new funds for the municipalities of Bayamón ($4.89 million); Barranquitas … Continued

Joe Biden sends to the federal Senate the appointment of a Puerto Rican as ambassador to Panama

Three months after announcing his appointment, President Joe Biden referred today to the Senate the appointment of Puerto Rican Mari Carmen Aponte as United States Ambassador to Panama. Biden announced on October 8 his decision to appoint Aponte as the diplomatic representative of the United States to the government of the Central American country. Under the Barack … Continued

Flights canceled by COVID-19 affect airport operation in San Juan

The Luis Muñoz Marín International Airport (LMM), in Isla Verde, has not been exempt from flight cancellations due to the rebound in COVID-19 infections , which has paralyzed the operations of many of the main airlines due to lack of personnel, although According to Aerostar Airport Holdings – the private company that manages the airport facility – the impact … Continued

They anticipate that the economy of Puerto Rico will grow by 2% in 2022

Puerto Rico’s economy will grow 2% in 2022 due to investment in the reconstruction of the country, anticipated the Technical Studies firm (ETI), which described 2021 as the year of stabilization of the labor market and recovery in some economic sectors after the dislocation caused by the COVID-19 pandemic . “The favorable performance of the Puerto Rico economy in 2021 was … Continued

Federal Senate approves legislation that seeks to prevent conflicts of interest in the restructuring of Puerto Rico’s debt

The United States Senate approved this morning – out loud – the legislation that would amend the Promesa law to prevent conflicts of interest in the process of restructuring the public debt of Puerto Rico and of the contractors of the Oversight Board Fiscal (JSF). The measure was ratified just at the close of the 2021 sessions. Because … Continued

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