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Author: Daniel Ziebarth

Puerto Rico hosts first major golf tournament since 2017

After being unable to host the Puerto Rico Open in 2018 as a result of the aftermath of Hurricane María, a major PGA golf event made a recent return to the territory. The Puerto Rico Open professional golf tournament once again took place from February 21 to February 24 at the Coco Beach Golf and Country Club championship golf course in Rio Grande, Puerto Rico. The PGA tour is the largest and most prestigious tour of professional golf events in the United States, with total tournament payouts in the millions of dollars. The Puerto Rico Open has been a...

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Bipartisan bill targeting financial transparency in Puerto Rico introduced to Congress

On December 19, lawmakers in Washington DC introduced a bill that seeks to require greater measures of transparency on past deals undertaken by the Puerto Rico Financial Oversight and Management Board, as well as outside consultants. The legislation was introduced in the previous Congress, prior to the arrival of new representatives on January 3, 2019, and has now been referred to the House Committee on the Judiciary for review. The bill HR 7355, referred to as PRRADA which is an acronym for the Puerto Rico Recovery Accuracy in Disclosure Act of 2018, was sponsored by Representative Nydia Velázquez (D)...

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Bank of Guam Hosts 2018 Economic Forum with eyes towards environmentally sustainable development

On Tuesday, October 16, the Bank of Guam held its 19th annual Fall Economic Forum. This forum brings together business leaders, philanthropists, sustainability advocates, academics, and community members each Fall to discuss the current state of Guamanian economic affairs, and focus on the future of progress and development in the territory. This Fall’s forum was headlined by Gina Lopez, a sustainability advocate and philanthropist who is founder of the ABS-CBN Foundation, a non-profit organization based in the Philippines dedicated to providing services and support to Filipino families around the world primarily through child care, disaster support, and environmental management....

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New media campaign in Puerto Rico reflects progress and a positive image

Central to growing the Puerto Rican economy, attracting promising and reliable companies, organizations, citizens, and visitors is of ever growing importance. The organization Discover Puerto Rico is now the official platform for marketing tourism throughout the US territory. Discover Puerto Rico highlights experiences and destinations across all reaches of Puerto Rico, while providing easy-to-use access to information on a variety of local activities, including beaches, culture, food, golf, and shopping. Recently, Discover Puerto Rico has launched a social media campaign entitled “#CoverTheProgress”, designed to increase public awareness and positive press about the continuing progress in both physical and economic...

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Amid struggles, PREPA moves towards privatization

On Wednesday, June 20, Governor Ricardo Rosselló of Puerto Rico signed into law a bill which will move the Puerto Rico Electric Power Authority (PREPA) towards privatization. The law will seek to sell the power generation units currently controlled by PREPA, while concurrently attempting to enter into lease agreements for the authority’s distribution and transmission system. PREPA currently holds approximately $8.9 billion in debt, with revenue earned from sales and lease agreements planned to assist in paying off a portion of the current outstanding debt. This move will be made in hopes that Puerto Rico becomes more competitive in...

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