7:22 AM 4/25/2018 – Business News Review: Caribbean Business – 6 Key Numbers To Note On The 2017 Hurricane Season & Caribbean Tourism

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Fiscal board certifies plans for Puerto Rico Transportation Dept., gov’t bank and university

SAN JUAN – Puerto Rico’s Financial Oversight and Management Board approved with a majority vote the fiscal plans for the island’s Highways and Transportation Authority (HTA), the Government Development Bank (GDB), the University of Puerto Rico (UPR) as developed by the Board.

Saved Stories – None
@cbenespanol @CaribBusiness The commonwealth fiscal plan was certified. Sole dissenter was Board Member Ana Matosantos
Hedge fund manager bets that Puerto Rico will drag insurer under – Insurance Business
@cbenespanol @CaribBusiness Promesa’s Oversight Board approves the fiscal plan of the Puerto Rico Electric Power Authority unanimously and ends meeting.
Rosselló reacts to panel’s fiscal plans as it held public meeting to certify them: https://go.cb.pr/2qLdZhn
We’re not giving in on public policy matters, Puerto Rico gov says after board certifies fiscal plans
Fiscal board establishes plans for Puerto Rico and its power and water utilities
Administration reiterates rejection and refusal regarding pension cuts and labor reform:https://go.cb.pr/2vx8tnh
FEMA extends Transitional Sheltering Assistance for Hurricane Maria survivors
Certification of Cooperatives Supervision & Insurance Corp. plan postponed; Matosantos abstains on HTA, UPR: https://go.cb.pr/2HgOlat
HUD grant paves way for Puerto Rico recovery
To meet with emergency management and federal officials, as well as thank Red Cross volunteers: https://go.cb.pr/2qQJGWE
Fort Lauderdale-based Silver Airways acquires Puerto Rico’s Seaborne Airlines – Sun Sentinel
Florida’s Silver Airways acquires Puerto Rico’s Seaborne Airlines
Silver Airways Acquires Seaborne Airlines to Create Leading Independent Airline Serving the Caribbean, Bahamas … – Virginian-Pilot
CEO of Puerto Rico Destination Marketing Organization announces new appointments – eTurboNews
As contractors jockey for position to rebuild post-disaster, proposals are trickling out to transform island’s housing market:https://go.cb.pr/2qSOUjS
Mark Cuban joined JJ Barea on trip to Puerto Rico, Mavs owner’s first to the island — here’s what he took from the … – Dallas News (blog)
[Editorial] Qué Lindor
Agencies to be held accountable for slow disaster recovery in Puerto Rico towns
Puerto Rico Economic Activity Index continues to reflect marked decline after hurricanes
BioTrackTHC Deploys Puerto Rico Traceability System, Expands Presence – Virginian-Pilot
Judge Swain to hold a new hearing over other island-debt issues on June 6: https://go.cb.pr/2Fbt2FE
Leading Puerto Rico Terminal Luis A. Ayala Colón Selects Navis N4 to Modernize Operations and Increase Productivity – Business Wire (press release)
Etherisc to Host First Blockchain-Based Hurricane Insurance Policy in Puerto Rico – PaymentsJournal

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Saved Stories – None
@cbenespanol @CaribBusiness The commonwealth fiscal plan was certified. Sole dissenter was Board Member Ana Matosantos
 

  The commonwealth fiscal plan was certified. Sole dissenter was Board Member Ana Matosantos

Hedge fund manager bets that Puerto Rico will drag insurer under – Insurance Business
 


Insurance Business
Hedge fund manager bets that Puerto Rico will drag insurer under
Insurance Business
Greenlight Capital founder and president David Einhorn is betting that bond-insurer Assured Guaranty’s stocks will fall in connection with the insurer’s business in Puerto Rico. During a presentation at the Sohn Investment Conference, Eihorn – known 
Hedge fund manager David Einhorn is betting against Assured GuarantyCNBC
Greenlight’s Einhorn says shorting shares of Assured GuarantyReuters
Assured Guaranty Issues Statement in Response to Critique by Greenlight CapitalBusiness Wire (press release)all 92 news articles »
@cbenespanol @CaribBusiness Promesa’s Oversight Board approves the fiscal plan of the Puerto Rico Electric Power Authority unanimously and ends meeting.
 

  Promesa’s Oversight Board approves the fiscal plan of the Puerto Rico Electric Power Authority unanimously and ends meeting.

Rosselló reacts to panel’s fiscal plans as it held public meeting to certify them: https://go.cb.pr/2qLdZhn

Rosselló reacts to panel’s fiscal plans as it held public meeting to certify them: https://go.cb.pr/2qLdZhnPuerto Rico Governor reiterates his refusal to comply with fiscal board impositions 
 

SAN JUAN – While the Financial Oversight and Management Board (FOMB) held a public meeting to certify the fiscal plans for the commonwealth, Puerto Rico’s Electric Power (Prepa) and Aqueduct & Sewer (Prasa) authorities, Gov. Ricardo Rosselló was tweeting that his administration would not comply…
Caribbean Business – 6 Key Numbers To Note On The 2017 Hurricane Season & Caribbean Tourism

By NAN Business EditorNews Americas, NEW YORK, NY, Fri. April 20, 2018: A statistical analysis on the impact of the 2017 hurricane season on the Caribbean’s travel and tourism sector is in, thanks to The World Travel & Tourism Council. Here are 6 key figures you should note from this report:1: 826,100

This is the estimated loss in visitors to the Caribbean in 2017, compared to pre-hurricane forecasts.

2: US$741 million

This is the estimated revenue lost to the region based on the loss off visitors.

3: 11,005

This is the estimated number of jobs lost because of the ruined tourist season.


4: US$3 billion

Research from the WTTC suggests that recovery to previous levels could take up to four years, and if this is the case, the region will miss out on over US$3 billion over this timeframe.

5: 15.2 percent

This is the percentage of income the Caribbean’s tourism sector contributes to the regional Gross Domestic Product, (GDP).

6: 13.8 percent

This is the percentage of employment the Caribbean’s tourism sector accounts for across the region.

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The post Caribbean Business – 6 Key Numbers To Note On The 2017 Hurricane Season & Caribbean Tourism appeared first on Caribbean and Latin America Daily News.

We’re not giving in on public policy matters, Puerto Rico gov says after board certifies fiscal plans

Rosselló sure pensions won’t be cut because it would require legislative action
Fiscal board establishes plans for Puerto Rico and its power and water utilities

Administration reiterates rejection and refusal regarding pension cuts and labor reform
Administration reiterates rejection and refusal regarding pension cuts and labor reform:https://go.cb.pr/2vx8tnh

Administration reiterates rejection and refusal regarding pension cuts and labor reform:
https://go.cb.pr/2vx8tnhFiscal board establishes plans for Puerto Rico and its power and water utilities 
 

SAN JUAN – The Financial Oversight and Management Board for Puerto Rico voted and certified Thursday its own version of fiscal plans for the commonwealth, the Puerto Rico Electric Power Authority (Prep) and the Puerto Rico Aqueduct & Sewer Authority (Prasa).
FEMA extends Transitional Sheltering Assistance for Hurricane Maria survivors

About 1,700 will continue to have their temporary lodging covered until May 14
Certification of Cooperatives Supervision & Insurance Corp. plan postponed; Matosantos abstains on HTA, UPR: https://go.cb.pr/2HgOlat

Certification of Cooperatives Supervision & Insurance Corp. plan postponed; Matosantos abstains on HTA, UPR: https://go.cb.pr/2HgOlat[Details] Fiscal board certifies plans for Puerto Rico Transportation Dept., gov’t bank and university 
 

SAN JUAN – Puerto Rico’s Financial Oversight and Management Board approved with a majority vote the fiscal plans for the island’s Highways and Transportation Authority (HTA), the Government Development Bank (GDB), the University of Puerto Rico (UPR) as developed by the Board.

HUD grant paves way for Puerto Rico recovery


As contractors jockey for position to rebuild post-disaster, proposals are trickling out to transform island’s housing market
To meet with emergency management and federal officials, as well as thank Red Cross volunteers: https://go.cb.pr/2qQJGWE

To meet with emergency management and federal officials, as well as thank Red Cross volunteers: https://go.cb.pr/2qQJGWEFlorida Gov makes 5th trip to Puerto Rico after Hurricane Maria 
 

SAN JUAN – Gov. Rick Scott was traveling to Puerto Rico on Monday at the invitation of Puerto Rico Lt. Gov. and Secretary of State Luis G. Rivera Marín, according to a release Friday.
Fort Lauderdale-based Silver Airways acquires Puerto Rico’s Seaborne Airlines – Sun Sentinel
 


Sun Sentinel
Fort Lauderdale-based Silver Airways acquires Puerto Rico’s Seaborne Airlines
Sun Sentinel 
Silver Airways will operate between Florida, the Bahamas and other destinations, while Seaborne-branded flights will continue throughout
 
Fort Lauderdale-based Silver Airways announced it has finalized its acquisition of Seaborne Airlines, creating a fleet of 31 aircraft connecting Florida to the Caribbean, Bahamas,
 Puerto Ricothe U.S. Virgin Islands and the Caribbean. A merger of the operating functions and branding, plus beyond. Terms of the deal were not 
Silver Airways Acquires Seaborne Airlines to Create Leading Independent Airline Serving the Caribbean, Bahamas …Virginian-Pilot
Silver Airways acquires Seaborne AirlinesSouth Florida Business Journalall 7 5 news articles »
Florida’s Silver Airways acquires Puerto Rico’s Seaborne Airlines

Combined airlines to serve several states, Bahamas and the Caribbean
Silver Airways Acquires Seaborne Airlines to Create Leading Independent Airline Serving the Caribbean, Bahamas … – Virginian-Pilot
 

Silver Airways Acquires Seaborne Airlines to Create Leading Independent Airline Serving the Caribbean, Bahamas …
Virginian-Pilot
The combined airline will continue operating Silver’s route network in the Bahamas, Florida, and beyond under the Silver Airways banner and Seaborne’s route network throughout Puerto Rico, the Virgin Islands, and the Caribbean under the Seaborne name and more »
CEO of Puerto Rico Destination Marketing Organization announces new appointments – eTurboNews
 


eTurboNews
CEO of Puerto Rico Destination Marketing Organization announces new appointments
eTurboNews
The private, not-for-profit DMO was created in March 2017 through bi-partisan legislation that provides a $25 million annual investment to manage all global marketing, sales and promotion of Puerto Rico in collaboration with local government and 
As contractors jockey for position to rebuild post-disaster, proposals are trickling out to transform island’s housing market:https://go.cb.pr/2qSOUjS

As contractors jockey for position to rebuild post-disaster, proposals are trickling out to transform island’s housing market:
https://go.cb.pr/2qSOUjSHUD grant paves way for Puerto Rico recovery 
 

It will take “many months” for Puerto Rico’s $1.5 billion disaster recovery (DR) grant awarded in February and $18.5 billion in grants announced April 10 to repair hurricane-damaged homes, businesses and the power grid to enter the local economy.
Mark Cuban joined JJ Barea on trip to Puerto Rico, Mavs owner’s first to the island — here’s what he took from the … – Dallas News (blog)
 


Dallas News (blog)
Mark Cuban joined JJ Barea on trip to Puerto Rico, Mavs owner’s first to the island   here’s what he took from the  visit 
Dallas News (blog)
And that wasn’t the only business they took care of. “We talked about it,” he said, “and we still want to take a preseason game down to Puerto Rico. Not this (preseason), but next year.” Cuban said his first trip to Puerto Rico was an impactful one. “I and more »
[Editorial] Qué Lindor

A private sector backed by a government that facilitates economic development—that is the most significant game in town
Agencies to be held accountable for slow disaster recovery in Puerto Rico towns

Power, highways and transportation authorities have 5 days to submit a work plan for completion of disaster recovery efforts
Puerto Rico Economic Activity Index continues to reflect marked decline after hurricanes

February’s drop was greatest in 5 years, while cement and gas sales saw significant increases
BioTrackTHC Deploys Puerto Rico Traceability System, Expands Presence – Virginian-Pilot
 

BioTrackTHC Deploys Puerto Rico Traceability System, Expands Presence
Virginian-Pilot
WITH PHOTO — TO BUSINESS, HEALTH, AND MEDICAL EDITORS: BioTrackTHC Deploys Puerto Rico Traceability System, Expands Presence. FORT LAUDERDALE, Fla., April 24, 2018 /PRNewswire/ — The Commonwealth. of Puerto Ricoin coordination with the Department of 
Judge Swain to hold a new hearing over other island-debt issues on June 6: https://go.cb.pr/2Fbt2FE

Judge Swain to hold a new hearing over other island-debt issues on June 6: https://go.cb.pr/2Fbt2FEApril 25 Puerto Rico omnibus hearing canceled

SAN JUAN – U.S. District Court Judge Laura Taylor Swain has canceled an April 25 hearing on several Puerto Rico-debt related issues, indicating that most have already been solved or postponed.
Leading Puerto Rico Terminal Luis A. Ayala Colón Selects Navis N4 to Modernize Operations and Increase Productivity – Business Wire (press release)
 


Business Wire (press release)
Leading Puerto Rico Terminal Luis A. Ayala Colón Selects Navis N4 to Modernize Operations and Increase Productivity
Business Wire (press release)
OAKLAND, Calif.–(BUSINESS WIRE)–Navis, a part of Cargotec Corporation and provider of operational technologies and services that unlock greater performance and efficiency for the world’s leading organizations across the shipping supply chainand more »
Etherisc to Host First Blockchain-Based Hurricane Insurance Policy in Puerto Rico – PaymentsJournal
 


Fast Company

PaymentsJournal
Etherisc to Host First Blockchain-Based Hurricane Insurance Policy in Puerto Rico
PaymentsJournal
Zug, Switzerland — April 24, 2018 — Etherisc, the global, decentralized insurance platform for collectively building insurance products, has today announced its support for the first blockchain-enabled insurance product to combat catastrophic weather  
During Puerto Rico’s Blackout, Solar Microgrids Kept The Lights OnFast Company
Blockchain Insurance Policy Developed for Hurricane-Prone Puerto RicoCoinDesk
Exodus of Banks Is Threatening to Isolate Puerto Rico Even MoreBloombergQuint
Kaiser Family Foundation
all 96 news articles »
 and more » 

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