GOV'T ATTEMPTS TO AVOID SHUTDOWN
From The San Juan Daily Star:
"La Fortaleza is still looking at “new measures” and focusing on debt
restructuring as the deadline approaches when the island government
will run out of money...Although the director of the Office of Manage-
ment and Budget, Luis Cruz, did not rule out the possibility of a par-
tial closing, Ortiz said the government is trying to prevent such that
from happening. Ortiz said the governor has said that between not pa-
ying debt and shutting down services, he would rather maintain ser-
vices..."
ORGANIZATIONS TO PROTEST FISCAL PLAN
From Caribbean Business:
"Dozens of union, political, civic, student and community organiza-
tions agree to conduct an island-wide protest following an assembly
held at the Antonio R. Barceló Coliseum in Toa Baja over the week-
end to discuss the fiscal adjustment plan, which they say would eli-
minate public- and private-employee rights. In a declaration adop-
ted by more than 20 entities, they established that "there is an urgent
need to express our opposition in a clear and defined way. Thus, this
Assembly of the People is committed to work regionally and nationa-
lly to carry out a national strike that will stop the [policies]..."
MEDICAL FACILITIES INVEST IN UPGRADES
From News Is My Business:
"Two private health care providers in Ponce and Juana Díaz recently
announced major investments to upgrade their medical facilities ser-
ving Puerto Rico’s southern region. The Hospital Metropolitano Dr.
Pila, an affiliate of the Metro Pavía Health System, recently inaugu-
rated new facilities and services resulting from a investment of $15
million in the past five years. Renovations include new 2D and 3D
Digital Mammography services with tomosynthesis, ultrasound scree-
ning, breast MRI and 3D and 4D sonography, an Invasive Cardiovas-
cular Center with catheterization, nuclear medicine equipment, am-
ong others..."
PREPA EXTENDS CREDITOR AGREEMENTS AGAIN
From Reuters:
"Puerto Rico's debt-laden power utility, PREPA, has again extended for-
bearance agreements with bondholders and lenders that will allow it to
keep negotiating a restructuring deal with other creditors, it said on Fri-
day. PREPA, facing more than $8 billion in debt, said in a statement it
extended through Nov. 3 an agreement that was to expire Friday night,
to finalize its agreements with the forbearing creditors and continue dis-
cussions with its monoline bond insurers..."
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