Linking the Caribbean to the World! Saturday - Jul 22, 2017

Business

  • Bill Clinton in Haiti to Visit Projects

    Bill Clinton in Haiti to Visit Projects

    PORT-AU-PRINCE, Haiti (AP) — Bill Clinton arrived in Haiti Monday to shine a spotlight on some of the projects that his private foundation has supported to help the country recover from a devastating earthquake in 2010. The former U.S. president began the visit with a tour at a solar-powered primary school in Cite Soleil, a

  • Puerto Rico Approves Sale of $3.5B Bonds

    Puerto Rico Approves Sale of $3.5B Bonds

    SAN JUAN, Puerto Rico (AP) — Puerto Rico’s Senate approved a bill Thursday that authorizes the U.S. territory to sell up to $3.5 billion in bonds as it prepares to re-enter the market next month with a credit rating downgraded to junk status. The measure is aimed at helping Puerto Rico pay off $70 billion

  • BVI Signs Deal with China To Boost Economy

    BVI Signs Deal with China To Boost Economy

    TORTOLA, British Virgin Islands (AP) — The British Virgin Islands has signed an agreement with a city in southern China to help boost the island’s tourism and economy. The government says it expects the city of Shenzhen to help develop other sectors, including financial services, culture and sports. Visiting Chinese officials said the British Virgin Islands is a key source of foreign capital for their country. They signed the

  • Puerto Rico Launches Sugarcane Project

    Puerto Rico Launches Sugarcane Project

    SAN JUAN, Puerto Rico (AP) — Puerto Rico’s governor says farmers in the U.S. territory are once again cultivating sugarcane to help local distilleries produce rum as part of a $170 million project. Gov. Alejandro Garcia Padilla said Wednesday that he expects up to 20,000 acres (8,000 hectares) to be cultivated by 2016, generating some

  • Puerto Rico Unveils 1st Balanced Budget in Years

    Puerto Rico Unveils 1st Balanced Budget in Years

    SAN JUAN, Puerto Rico (AP) — Puerto Rico’s governor on Tuesday presented the territory’s first balanced budget in more than a decade, fulfilling a promise to cut spending at a time when the island’s economic problems have spread fear among U.S. investors. Gov. Alejandro Garcia Padilla proposed more than $1.4 billion in cuts and adjustments