Puerto Rico News Digest For August 16, 2016

PUERTO RICO ZIKA CASES SEE BIG JUMP

From The San Juan Daily Star:

"Health Secretary Ana Ríus announced Friday that for the epidemiological week
number 30 some 1,914 new cases of Zika were confirmed in the island, for a total
of 10,690 accumulated cases since the virus first arrived in Puerto Rico. The new
data includes 134 pregnant women for a total of 1,035. In addition, two more peo-
ple have been hospitalized for a total of 90 and there are three new cases of Guilla-
in-Barré syndrome for a total of 30 confirmed cases in laboratories. “We have in
our hands the necessary tools to avoid being infected with the Zika virus,” Ríus
said in a written statement. “Even if we don’t feel sick, we need to protect our-
selves..."

MURDERS IN AGUAS BUENAS & LAS PIEDRAS

As reported by El Nuevo Dia, a man between 20 and 25 years of age was murde-
red on road PR-173 in Aguas Buenas. The killing was reported at around 2:50 AM
this morning, and police found the body 15 minutes later. The man, of approxima-
tely 140 pounds, with black hair and beard, has yet to be identified. A second mur-
der was reported at approximately 5:50 AM on road PR-916 in Las Piedras. A 911
call alerted police to a bleeding person in the area. Police found the body minutes
later.

DONAHUE GETS $6.7M CONTRACT EXTENSION

From Caribbean Business:

"On the heels of what was described as a rather drawn-out meeting punctuated
by several sticking points, the Puerto Rico Electric Authority’s (Prepa) board vo-
ted to extend the contract of AlixPartners, headed by Lisa Donahue, to the tune
of $6.713 million. The contract, which was due to expire Aug. 15, will be exten-
ded through Dec. 15. “The deal is broken down with half the money for restruc-
turing-related work and the other half for operational related improvements,” said
one source with knowledge of negotiations. The restructuring work involves ma-
naging and reporting cash, working out all of the structure for the Special Purch-
ase Vehicle (SPV) and Prepa rate cases, continued implementation of creditor
deals and potential negotiations..."

MEDICAL POT INDUSTRY GROWS IN PR

From News Is My Business:

"...Already, more than two-dozen companies have applied for operational licen-
ses and others are expected to follow suit. One potential job creation opportunity
on the horizon is a high-tech system for “safe and consistent” cannabis cultivat-
ion that a U.S. firm is developing with the idea of possibly carrying out the pro-
duct assembly on the island, according to César Cordero Krüger, CEO of Grow-
blox Sciences Puerto Rico, LLC, a subsidiary of Las Vegas-based Growblox Sci-
ences, Inc., which is spearheading the technology..."

Puerto Rico News Digest For May 15, 2015

TRIPLE MURDER IN AGUAS BUENAS

As reported today by  El Nuevo Dia, two men and a woman, ranging
in age from 25 to 30, were murdered late last night on Road PR-792
in the Las Villas sector of Aguas Buenas. The crime occurred at
around 12:40 AM and was reported to the Police through an anony-
mous phone call. It is believed the deceased were taken to a dark and
solitary area specifically to be shot to death. The bodies were found
lying on the pavement. A loaded .40 caliber pistol was found at the
scene. The victims were not carrying identification and have not been
named.

GOVERNOR AND LEGISLATORS AGREE ON TAX

From Bloomberg:

Puerto Rico Governor Alejandro Garcia Padilla and lawmakers reached
an agreement on a proposal to raise the island’s sales tax, a move that
may help it sell debt and ease a cash crunch. The plan would boost the
levy to 11.5 percent from 7 percent for nine months, in a transition to
implementing a value-added tax, the governor and members of his Po-
pular Democratic Party told reporters late Thursday in San Juan. The
increase is expected to bring in $1.2 billion of revenue. Lawmakers
also agreed to recommend $500 million in spending cuts as part of a
$9.8 billion budget for fiscal 2016.

STUDENTS PROTEST UPR CUTS IN SAN JUAN

From UPI:

A massive demonstration protesting budget cuts to Puerto  Rico's
state university filled a Capitol plaza in San Juan. Thousands of peo-
ple enrolled or employed at Puerto Rico University (UPR) met at the
Capitol building and marched to the home of the U.S. commonwealth's
chief executive Wednesday. The government has threatened a 20 per-
cent budget cut to the university. Julio Muriente, leader of the pro-inde-
pendence Hostosian National Independence Movement, attended the
demonstration, saying, "We want people to know the importance of the
university for the country, the value of the UPR, and this event is proof
of what the institution is."

SLOTS OPERATORS OPPOSE VIDEO LOTTERY

From The San Juan Daily Star:

Puerto Rican Commercial Recreation Businesses Inc. (EMPRECOM by
its Spanish acronym) members have categorically rejected Gov. Alejandro
García Padilla’s plan to pass new regulations for the operation of  enter-
tainment machines without holding public hearings, which they say opens
the door for the “video lottery” business. “We have been charging that La
Fortaleza was working on a new Operational Regulation for the Additio-
nal Lottery, which is nothing more than ‘bringing the video lottery in
through the kitchen,’” EMPRECOM President Pablo Rivera said in a
written statement. “The governor has given instructions so that this action,
which allows for the elimination of all  entertainment machines that are
currently in operation on the island, and thus makes way for the ‘video
lottery,’ is not talked about.”

$59M IN PROPERTIES AT AUCTION 

From News Is My Business:

Los Angeles-based Premiere Estates Auction Company announced
Thursday a multi-property auction that includes sprawling beachfront
sites in Aguadilla and Cabo Rojo, with a combined listing price of $59
million. The portfolio includes a 507-acre master planned destination
resort property overlooking Boqueron Bay in Cabo Rojo with a listing
price of $50 million, that has been pre-approved for a 600-room resort
hotel, 18-hole golf course, a 200-slip marina, retail village, 1,150 residen-
tial villas and 222 home sites.