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Manufacturers Raise Concerns Over Permitting, Investment Stability Amid FEI Probe Into Former OGPe Officials
Business

Manufacturers Raise Concerns Over Permitting, Investment Stability Amid FEI Probe Into Former OGPe Officials

The investigation launched by the Office of the Special Independent Prosecutor Panel (FEI) into former Permits Management Office (OGPe) officials has intensified concerns within Puerto Rico’s business community, prompting the island’s most influential industrial trade group to issue an urgent call to shield economic development from political disputes. Amid escalating public disagreements among senior government […]

Eva Llorens
Retail Sector Warns of $18m to $20m in Daily Losses as Senators Press PRASA on Failures
Business

Retail Sector Warns of $18m to $20m in Daily Losses as Senators Press PRASA on Failures

Puerto Rico’s water crisis is inflicting steep and immediate economic damage on the island’s retail and service sectors, with losses estimated at $18 million to $20 million per day, according to United Retailers Association President Ramón Barquín.  In an interview, Barquín—who is also an economist—said the prolonged outages have disrupted supply chains, forced business closures, […]

Eva Llorens

Energy & Oil

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gray and red factory building under a calm blue sky
Energy & Oil

PREB Creates Contingency Reserves for Catastrophic Events, Weighs 3PPO Payment Dispute

The Puerto Rico Energy Bureau (PREB) has issued a sweeping order this week that reshapes the FY2027 budget framework for the island’s electric system while simultaneously taking up a separate dispute over who must pay for procurement work tied to temporary generation. The two developments—one involving the allocation of nearly $100 million in surplus funds, […]

Eva Llorens
U.S. House Forges Ahead with Cryptocurrency Tax Legislation
Crypto

U.S. House Forges Ahead with Cryptocurrency Tax Legislation

Despite clearing the vote to get out of a U.S. Senate committee, the vote on the full U.S. Senate floor of the Digital Asset Market Clarity Act continues to be pushed back. The Clarity Act primarily aims to provide clear rules for the offer, sale and trading of digital commodities in the United States. The […]

Maria Soledad
El Salvador’s Bitcoin Reserve Hits 7,672 Coins Worth $487.5 Million as Five-Year Anniversary of Bitcoin Law Approaches
Crypto

El Salvador’s Bitcoin Reserve Hits 7,672 Coins Worth $487.5 Million as Five-Year Anniversary of Bitcoin Law Approaches

San Salvador (EFE) — El Salvador’s strategic bitcoin reserve grew to 7,672 coins as of Thursday, valued at more than $487.5 million, according to official records on the government’s bitcoin.gob.sv portal — just days before the five-year anniversary of the law that made the country the first in the world to adopt bitcoin as legal […]

Caribbean Business Staff
blue and red line illustration
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

Tech & AI

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Puerto Rico Labor Market Reaches Decisive Moment
Tech & AI

Puerto Rico Labor Market Reaches Decisive Moment

In a labor market that is transforming faster than universities can update their curricula, and where five generations could now be sharing the same workplace, engineer and business leader Yolanda Lassalle believes Puerto Rico has reached a decisive moment. The adoption of artificial intelligence, she warns, is no longer optional. “The need is today, not […]

Eva Llorens
A close up of a cell phone on a table
Tech & AI

XC Technology Partners With Anthropic to Deploy Claude AI Across Mission-Critical Enterprise Systems Worldwide

ASHBURN, Virginia and SAN FRANCISCO— DXC Technology (NYSE: DXC), a leading technology and business innovation partner, today announced a multi-year global alliance with Anthropic, the AI safety company and creator of Claude. Through the partnership, DXC becomes one of a select few Global Premier partners in the Claude Partner Network. Together, the companies will train […]

Caribbean Business Staff
Tim Cook Bids Farewell at WWDC, Says “The Best Is Yet to Come” for Apple
Tech & AI

Tim Cook Bids Farewell at WWDC, Says “The Best Is Yet to Come” for Apple

Nueva York, (EFE).-Tim Cook used his final WWDC keynote as Apple CEO to close out a chapter — and insist the story is far from over. Speaking Monday at Apple’s Worldwide Developers Conference in Cupertino, California, Cook delivered what amounted to a valedictory address, telling the audience that despite everything Apple has built under his […]

Caribbean Business Staff
More Than 5,000 Executives to Convene in Mexico City for Latin America’s Largest AI Business Congress
Tech & AI

More Than 5,000 Executives to Convene in Mexico City for Latin America’s Largest AI Business Congress

Mexico-More than 5,000 executives, innovation leaders, and business decision-makers from across Latin America will gather in Mexico City on June 9–10 for the 11th AI, Technology & Business Congress America Digital México 2026 — the region’s largest annual forum dedicated to the intersection of artificial intelligence and enterprise strategy. Held at the World Trade Center […]

Caribbean Business Staff