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Business

Puerto Rico Tollroads Completes $383 Million Bond Issue

Banco Popular acts as agent Puerto Rico Tollroads, the operator of the island’s major toll highway concessions under Metropistas, has closed a $382 million bond issuance fully structured and purchased by Puerto Rico’s local banking sector, marking one of the largest locally financed transactions of its kind. The deal, led by Banco Popular as agent, […]

Eva Llorens
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Business

SBA launches $1 million Patriot Pitch competition for U.S. entrepreneurs

The U.S. Small Business Administration (SBA) announced the launch of the Patriot Pitch Competition, a national initiative designed to celebrate 250 years of free enterprise in the United States while spotlighting small businesses driving innovation, job creation and economic growth. The competition, part of the Freedom 250 initiative, will award a total of $1 million […]

Francisco Rodríguez-Burns

Energy & Oil

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Energy & Oil

P3 Authority Advances Proyecto Hostos Proposal Into 60‑Day Evaluation Phase

Energy Czar Josué Colón Ortiz confirms the unsolicited submission cleared its initial compliance review The Puerto Rico Public-Private Partnerships (P3) Authority has confirmed that the unsolicited proposal for the proposed Proyecto Hostos has successfully passed its initial compliance review and will now enter a 60‑day evaluation period, according to Energy Czar and Authority Executive Director […]

Eva Llorens
Judge Swain Denies Bondholders’ Bid to Lift Prepa Nine-Year Litigation Stay
Energy & Oil

Judge Swain Denies Bondholders’ Bid to Lift Prepa Nine-Year Litigation Stay

Judge Says Accounting Case Must Proceed First U.S. District Court Judge Laura Taylor Swain on Wednesday denied Prepa bondholders’ renewed push to lift long‑standing litigation stays, ruling that the court will not green-light stay‑relief or dismissal motions until the ongoing accounting counterclaim—now the centerpiece of the case—has been fully litigated. The decision, delivered from the […]

Eva Llorens
beige painted building under white sky
Energy & Oil

CTDC Submits Unsolicited Proposal to Puerto Rico P3 Authority for Hostos Energy Project

The proposal was presented last week Caribbean Transmission Development Co. (CTDC) confirmed Tuesday it has formally submitted an unsolicited proposal to the Puerto Rico Public-Private Partnerships Authority (AAPP) for the development of the Hostos Project, an international energy infrastructure initiative that would link Puerto Rico and the Dominican Republic through a high‑voltage direct current (HVDC) […]

Eva Llorens
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Crypto

Crypto Clarity Bill clears hurdle in Senate Banking Committee

With a 15 to 9 vote, the Digital Assets Market Clarity Act or Clarity Act cleared the markup session vote at the Senate Banking Committee and is now headed to the full Senate.  While the primary fight between the banking industry and crypto sector was around what type of rewards can crypto exchange platforms offer […]

Maria Soledad
photo of Capital Hill, Washington, D.C.
Crypto

Fight around crypto Clarity Bill heats up

After months in committee, the Senate is poised to consider the Digital Assets Market Clarity Act, or Clarity Act, which seeks to create greater regulation for cryptocurrencies. The Senate Banking Committee announced a markup hearing for today, Thursday, May 14, at 10:30 am with the aim of holding a final debate on the bill and […]

Maria Soledad
vehicles on road during daytime
Crypto

U.S. Senate Advances Crypto Market Structure Bill as Regulators Push for Greater Clarity on Digital Assets

After months in committee, the U.S. Senate is preparing to take up the Digital Asset Market Clarity Act, or Clarity Act, legislation aimed at establishing greater regulatory oversight for cryptocurrencies. The Senate Banking Committee announced a markup hearing scheduled for Thursday as lawmakers move toward a final debate on the measure, with a full Senate […]

Maria Soledad

Tech & AI

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Amid AI Noise, Bravo Focuses on Fundamentals
Business

Amid AI Noise, Bravo Focuses on Fundamentals

Sees software ecosystem flourishing Orlando Bravo’s initiation as an investor was the dot-com bubble burst of the early 2000s, which wiped out an estimated $5 trillion in stock market value. Sur­viving this trial by fire, to then go on to be­come the first Puerto Rican-born billionaire, has resulted in an optimistic but more tem­perate approach […]

Maria Soledad