May 20, 2022 | Daily Business Review
US Lawmakers Urge Binding Vote on Puerto Rico StatehoodPuerto Rico has held seven unilateral, nonbinding referendums on the issue, but this would be the first that would not include possible continuation of the current status as a U.S. commonwealth.
By Danica Coto
3 minute read
March 15, 2022 | Daily Business Review
Puerto Rico Exits Bankruptcy After Grueling Debt NegotiationPuerto Rico accumulated more than $70 billion in public debt and more than $50 billion in public pension liabilities through decades of corruption, mismanagement and excessive borrowing.
By Danica Coto
4 minute read
February 03, 2022 | Daily Business Review
US to Modernize, Speed Up Work on Puerto Rico Power GridOfficials said more than 130 projects soon will be in the bidding phase or under construction, including repairs to substations across Puerto Rico, the replacement of thousands of street lights and the creation of an early warning system for dams.
By Danica Coto
3 minute read
January 25, 2022 | Daily Business Review
Ponce De Leon Statue Toppled Before Spanish King's Puerto Rico VisitSpain's legacy is prominent across Puerto Rico, with a main road in San Juan named after Ponce de León and a colossal Columbus statue rising along the island's northern coast.
By Danica Coto
3 minute read
January 19, 2022 | Daily Business Review
Judge Signs Plan, Resolves Puerto Rico Bankruptcy BattleJudge Laura Taylor Swain signed a plan that cuts Puerto Rico's public debt by 80% and saves the island more than $50 billion in debt service payments.
By Danica Coto
5 minute read
July 12, 2019 | Daily Business Review
Embattled Puerto Rico Gov Apologizes for Profane TiradeRicardo Rosselló said he had been working 18-hour days and releasing tensions when he made the comments.
By Danica Coto
5 minute read
March 18, 2019 | Daily Business Review
Puerto Ricans Decry Austerity, Hurricane Help at HearingLegislators heard dozens of brief speeches that ranged from unfair treatment by the federal government to homes without proper roofs to shrinking pension funds, with some speeches loudly interrupted by those who support statehood.
By Danica Coto
5 minute read
February 05, 2019 | Litigation Daily
Bankruptcy Judge Approves Massive Puerto Rico Debt Restructuring DealThe agreement involves more than $17 billion worth of government bonds backed by a sales-and-use tax, with officials saying it will help the government save an average of $456 million a year in debt service.
By Danica Coto
4 minute read
February 05, 2019 | Daily Business Review
Judge Approves Massive Puerto Rico Debt Restructuring DealThe agreement involves more than $17 billion worth of government bonds backed by a sales-and-use tax, with officials saying it will help the government save an average of $456 million a year in debt service.
By Danica Coto
4 minute read
February 07, 2018 | Daily Business Review
Puerto Ricans Grab Machetes, Shovels to Help Restore PowerIt took only minutes for Hurricane Maria to kill power to the Puerto Rican town of Coamo, cracking wooden poles, snapping power lines and hurling transformers to the ground.
By Danica Coto, Associated Press
6 minute read