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Wednesday, November 4, 2015

Puerto Rico News Digest For November 4, 2015


SUSPECT KILLED IN SHOOTOUT WITH FEDS



















From Yahoo! News:

"A man sought by federal authorities in Puerto Rico died on Tuesday
following a shootout that broke as he tried to evade arrest near the U.S.
territory's biggest mall, officials said. The unidentified 22-year-old sus-
pect was hit by a bullet as he tried to flee from agents who were about
to arrest him...The shooting occurred close to the popular Plaza Las Am-
ericas mall in the capital of San Juan in a heavily transited area near po-
lice department headquarters..."


TREASURY HEAD SAYS HOURS MAY BE CUT


From The San Juan Daily Star:

"Commonwealth Treasury Secretary Juan Zaragoza confirmed Monday
that the government is contemplating reducing public workers’ working
hours, which the agency calculates could save about $90 million, a sum
that will allow the government to comply with the upcoming month’s co-
mmitments...The Treasury chief said a government shutdown is not on the
table for discussion right now, but there is a contingency plan for reducti-
ons of public workers’ daily working hours to six hours or half a day (four
hours)..."


PREPA FORBEARANCE EXTENDED FOR 48 HOURS


From Caribbean Business:

"A preliminary restructuring agreement between forbearing creditors
and the Puerto Rico Electric Power Authority (Prepa) has been put on
hold for 48 hours as a deadline set to expire Tuesday at 8 p.m. approa-
ched. The extension to the forbearance agreement is intended to provi-
de time for the filing of the Prepa Revitalization Act, which is expected
to take place within the next two days..."


LUFTHANSA OPENS FACILITY IN PR


From Fox News Latino:

"German airline Lufthansa's first center for aircraft maintenance, repair
and reconditioning in the Americas was inaugurated over the weekend
in Aguadilla, a city on Puerto Rico's northwest coast, officials said. The
Lufthansa facility will attract new investment from the aerospace indus-
try to the Caribbean island thanks to the development of business allian-
ces and the arrival of other companies in the sector, the Puerto Rican go-
vernment said in a statement..."


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