Linking the Caribbean to the World! Monday - Nov 20, 2017

Posts Tagged: puerto rico

  • Puerto Rico, Lufthansa Technik to Build Facility

    Puerto Rico, Lufthansa Technik to Build Facility

    AN JUAN, Puerto Rico (AP) — Puerto Rico has signed an agreement with German-based Lufthansa Technik to build a facility for aviation maintenance, repair and overhaul in the island’s northwest region. Gov. Alejandro Garcia Padilla said Thursday that the facility will be based at Aguadilla’s international airport and is expected to serve short- and medium-haul

  • 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

  • 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