Puerto Rico News - Caribbean And Latino Business Newsletter // October 22

October 22, 2018

Puerto Rico News - Caribbean And Latino Business puerto rico business - Google News: OFG Bancorp (OFG) Benefits From Improving Puerto Rico Trends - Piper Jaffray - StreetInsider.com puerto rico business - Google News: Paysafe Group Appoints Peter Smith as Chief Financial Officer - Associated Press (press release) (blog) puerto rico business - Google News: Sally Beauty: What The Company Must Do Now - Forbes puerto rico business - Google News: Brattleboro banker weighs working with marijuana business, despite risks - vtdigger.org puerto rico business - Google News: EDA Receives Disaster Recovery Advocate Of The Year Award - VI Consortium (press release) puerto rico business - Google News: Puerto Rico fiscal board files Cofina debt adjustment plan - Caribbean Business Caribbean Business: Puerto Rico fiscal board files Cofina debt adjustment plan puerto rico business - Google News: AT&T Names New Regional Vice President Of External And Legislative Affairs For Puerto Rico & USVI - VI Consortium (press release) puerto rico business - Google News: [Editorial] Electricity, Camera, Action - Caribbean Business Caribbean Business: U.S. Treasury releases proposed regulations on Opportunity Zones Caribbean Business: Cofina bondholders object to commonwealth agent’s motion Caribbean Business: [Editorial] Electricity, Camera, Action Caribbean Business: Prepa’s Restructuring Accord Lacks Meaningful Reforms puerto rico business - Google News: Puerto Rico gov't: Unemployment at record low for 4th stratight month - Caribbean Business Caribbean Business: Puerto Rico gov’t: Unemployment at record low for 4th stratight month Caribbean Business: Oriental’s 3Q results reflect ‘consistent core growth’ Caribbean Business: Organización Boricuá awarded Food Sovereignty Prize Caribbean Business: StarKist Co. to plead guilty for price fixing Caribbean Business: Financial Action Task Force calls for ‘urgent’ regulation of virtual assets Caribbean Business: Former Police officer sentenced to 19 years for Banco Popular robbery puerto rico business - Google News: OFG Bancorp (OFG) Benefits From Improving Puerto Rico Trends - Piper Jaffray - StreetInsider.com Puerto Rico News - Caribbean and Latino Business from mikenova (5 sites) OFG Bancorp (OFG) Benefits From Improving Puerto Rico Trends - Piper Jaffray StreetInsider.com The analyst stated "Puerto Rico's ongoing business environment continues to improve and the inflows of government/insurance funds over the next few years could considerably help the economic progression. Read More puerto rico business - Google News: Paysafe Group Appoints Peter Smith as Chief Financial Officer - Associated Press (press release) (blog) Puerto Rico News - Caribbean and Latino Business from mikenova (5 sites) LONDON, Oct. 22, 2018 (GLOBE NEWSWIRE) -- Paysafe Group (“Paysafe”), a leading global payments provider, has appointed Peter Smith as Chief Financial Officer (CFO). A US national, Smith is based in Paysafe’s U.S. Read More puerto rico business - Google News: Sally Beauty: What The Company Must Do Now - Forbes Puerto Rico News - Caribbean and Latino Business from mikenova (5 sites) Overview Beauty is big business. By 2022, the global cosmetics market (includes hair) is projected to reach $430B. Sally Beauty Holdings, Inc., is a global distributor and retailer of professional beauty products with revenues of $3.8 billion annually. Read More puerto rico business - Google News: Brattleboro banker weighs working with marijuana business, despite risks - vtdigger.org Puerto Rico News - Caribbean and Latino Business from mikenova (5 sites) President of Brattleboro Savings & Loan Dan Yates. Courtesy photoA Brattleboro banker has decided to seize the business opportunity presented by new medical marijuana dispensaries and the loosening of marijuana laws. Read More puerto rico business - Google News: EDA Receives Disaster Recovery Advocate Of The Year Award - VI Consortium (press release) Puerto Rico News - Caribbean and Latino Business from mikenova (5 sites) The Economic Development Authority (EDA) was awarded with the 2018 Disaster Recovery Advocate of the Year Award by Florida’s Minority Business Development Agency Export Center. Read More puerto rico business - Google News: Puerto Rico fiscal board files Cofina debt adjustment plan - Caribbean Business Puerto Rico News - Caribbean and Latino Business from mikenova (5 sites) SAN JUAN – The Financial Oversight and Management Board for Puerto Rico announced Friday that it filed in court a debt-adjustment plan for the Sales Tax Financing Corp. (Cofina). Read More Caribbean Business: Puerto Rico fiscal board files Cofina debt adjustment plan Puerto Rico News - Caribbean and Latino Business from mikenova (5 sites) SAN JUAN – The Financial Oversight and Management Board for Puerto Rico announced Friday that it filed in court a debt-adjustment plan for the Sales Tax Financing Corp. (Cofina). Read More puerto rico business - Google News: AT&T Names New Regional Vice President Of External And Legislative Affairs For Puerto Rico & USVI - VI Consortium (press release) Puerto Rico News - Caribbean and Latino Business from mikenova (5 sites) AT&T announced on Friday its new Regional Vice President of External and Legislative Affairs for the U.S.V.I. and Puerto Rico, Alexandra Verdiales, seen above. Ms. Alexandra will be responsible for representing AT&T with local government in Puerto Rico and the US Virgin Islands, the communications giant said. Read More puerto rico business - Google News: [Editorial] Electricity, Camera, Action - Caribbean Business Puerto Rico News - Caribbean and Latino Business from mikenova (5 sites) Editor’s note: The following editorial originally appeared in the Oct. 18-24, 2018, issue of Caribbean Business. Actually, the saying is “Lights, Camera, Action.” That classic film director’s phrase from the realm of tinsel town—these days they just say ‘rolling’—might be a fitting instruction for a recent announcement by Gov. Read More Caribbean Business: U.S. Treasury releases proposed regulations on Opportunity Zones Puerto Rico News - Caribbean and Latino Business from mikenova (5 sites) SAN JUAN – Months after Puerto Rico was designated a so-called Opportunity Zone, the U.S. Treasury Department issued Friday proposed guidance for the related tax incentives. Read More Caribbean Business: Cofina bondholders object to commonwealth agent’s motion Puerto Rico News - Caribbean and Latino Business from mikenova (5 sites) SAN JUAN – Senior bondholders of the Puerto Rico Sales Tax Financing Corp. (Cofina by its Spanish acronym) objected Friday to remarks by commonwealth agent Luc Despins against a deal that seeks to end the dispute between bondholders of Cofina and Commonwealth debt creditors over ownership of sales and use tax revenue. Read More Caribbean Business: [Editorial] Electricity, Camera, Action Puerto Rico News - Caribbean and Latino Business from mikenova (5 sites) Editor’s note: The following editorial originally appeared in the Oct. 18-24, 2018, issue of Caribbean Business. Actually, the saying is “Lights, Camera, Action.” That classic film director’s phrase from the realm of tinsel town—these days they just say ‘rolling’—might be a fitting instruction for a recent announcement by Gov. Read More Caribbean Business: Prepa’s Restructuring Accord Lacks Meaningful Reforms Puerto Rico News - Caribbean and Latino Business from mikenova (5 sites) Editor’s note: The following report was first published in the Oct. 18-24, 2018, issue of Caribbean Business. The Puerto Rico Electric Power Authority (Prepa) will have a difficult time reaching a debt-restructuring agreement with its creditors because the temporary agreement recently reached with some bondholders does not contain meaningful reforms and the power utility appears to be rejecting being regulated. Read More puerto rico business - Google News: Puerto Rico gov't: Unemployment at record low for 4th stratight month - Caribbean Business Puerto Rico News - Caribbean and Latino Business from mikenova (5 sites) SAN JUAN – The estimate of people employed in Puerto Rico in September reflects an increase of 32,000 compared with the same month, and the island’s unemployment rate reached 8.4% last month, “another historical low,” Gov. Read More Caribbean Business: Puerto Rico gov’t: Unemployment at record low for 4th stratight month Puerto Rico News - Caribbean and Latino Business from mikenova (5 sites) SAN JUAN – The estimate of people employed in Puerto Rico in September reflects an increase of 32,000 compared with the same month, and the island’s unemployment rate reached 8.4% last month, “another historical low,” Gov. Read More Caribbean Business: Oriental’s 3Q results reflect ‘consistent core growth’ Puerto Rico News - Caribbean and Latino Business from mikenova (5 sites) SAN JUAN – Puerto Rico-based financial holding company OFG Bancorp, whose three principal subsidiaries are Oriental Bank, Oriental Financial Services and Oriental Insurance reported results for the third quarter ended Sept. Read More Caribbean Business: Organización Boricuá awarded Food Sovereignty Prize Puerto Rico News - Caribbean and Latino Business from mikenova (5 sites) Organización Boricuá de Agricultura Ecológica de Puerto Rico (Screen capture of www.usfoodsovereigntyalliance.org) SAN JUAN – The U.S. Food Sovereignty Alliance (USFSA), a network of food justice groups, recognized Black Mesa Water Coalition (BMWC) and Organización Boricuá de Agricultura Ecológica de Puerto Rico at its 10th annual Food Sovereignty Prize ceremony in Washington. Read More Caribbean Business: StarKist Co. to plead guilty for price fixing Puerto Rico News - Caribbean and Latino Business from mikenova (5 sites) StarKist Co. to plead guilty for price fixing By Caribbean Business on October 19, 2018 SAN JUAN – StarKist Co. has agreed to plead guilty for its role in a conspiracy to fix prices of packaged seafood sold in the United States, the Department of Justice announced Thursday. Read More Caribbean Business: Financial Action Task Force calls for ‘urgent’ regulation of virtual assets Puerto Rico News - Caribbean and Latino Business from mikenova (5 sites) SAN JUAN – The Financial Action Task Force (FATF), an intergovernmental organization founded on the initiative of the G7 economies–Canada, France, Germany, Italy, Japan, the United Kingdom and the United States–to tackle money laundering, said Friday that although “virtual assets and related financial services have the potential to spur financial innovation and efficiency and improve financial inclusion,” they are creating “opportunities for criminals and terrorists to launder their proceeds or finance their illicit activities.” Read More Caribbean Business: Former Police officer sentenced to 19 years for Banco Popular robbery Puerto Rico News - Caribbean and Latino Business from mikenova (5 sites) SAN JUAN – U.S. District Court Senior Judge Daniel R. Domínguez sentenced José Padilla-Galarza, a former police officer who masterminded a bank robbery, to a 19-year term of imprisonment and five years of supervised release, U.S. Read More

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