Alejandro Garcia Padilla

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 2016-12-31 18:51 

Philippine Star

Puerto Rico governor calls for swift debt restructuring...

SAN JUAN Puerto Rico Governor Alejandro Garcia Padilla is urging his successor to demand that a federal control board overseeing government finances move i...

 2016-12-30 20:56 

Stamford Advocate

Medical pot dispensaries open for 1st time in Puerto Rico...

Gov. Alejandro Garcia Padilla said Friday that two dispensaries opened nearly two years after his administration adopted a regulation to allow for the cultivation, manufacturing and distribution of medical marijuana....

 2016-12-27 21:18 

Saudi Press Agency

Puerto Rico designates popular beach as natural reserve...

SAN JUAN, Puerto Rico, Rabi'I 29, 1438, December 28, 2016, SPA -- Puerto Rico's governor has declared one of the U.S. territory's most popular beaches as a natural reserve, according to AP. Alejandro Garcia Padilla says Mar Chiquita will now be managed ...

 2016-11-21 15:23 

ABC News (US)

[ International ]

Puerto Rico Governor Defies New Federal Control Board...

Puerto Rico's governor is already challenging a federal control board just created to oversee the finances of the U.S. territory and help pull it out of an economic crisis. Alejandro Garcia Padilla announced Monday that he will not submit an amended f...

 2016-10-31 22:40 

ABC News (US)

[ International ]

Biogen to Invest $92 Million in Puerto Rico, Create 350 Jobs...

U.S. drugmaker Biogen Inc. is investing more than $92 million in Puerto Rico after buying assets that once belonged to Eli Lilly & Co. in the island's southern region. Gov. Alejandro Garcia Padilla says the Massachusetts-based company will manufacture...

 2016-10-16 01:12 

Gulf Times

Puerto Rico governor offers plan to right islands economic ship...

Puerto Ricos outgoing governor, Alejandro Garcia Padilla, presented a fiscal turnaround plan on Friday to a federal oversight board, stating if things do not change the island faces a 10-year cumulative budget deficit of $34bn....

 2016-10-14 19:00 

Reuters

Puerto Rico governor offers plan to right island's economic ship...

Puerto Rico's outgoing governor,Alejandro Garcia Padilla, on Friday presented a fiscalturnaround plan to a federal oversight board, stating if ...

 2016-10-14 16:37 

Reuters

[ US ]

Puerto Rico governor offers plan to right island's economic ship...

Puerto Rico's outgoing governor, Alejandro Garcia Padilla, on Friday presented a fiscal turnaround plan to a federal oversight board, stating if ...

 2016-10-14 13:36 

Bloomberg

Puerto Rico Governor Says Deficit Could Climb to $59 Billion...

Puerto Rico Governor Alejandro Garcia Padilla said the commonwealth faces a 10-year cumulative deficit of as much as $59 billion if the island loses its current level of federal support for health care and local tax credits....

 2016-09-23 08:28 

USA Today

[ Nation ]

Cheers erupt as Puerto Rico slowly emerges from blackout...

Gov. Alejandro Garcia Padilla said he expected more than half of customers to have power by Friday morning....

 2016-07-20 21:31 

Bloomberg

Puerto Rico Sued for Diverting Funds After Oversight Law Passage...

A group of hedge funds sued Puerto Rico Governor Alejandro Garcia Padilla, claiming the island government is using a default on its debt to shirk its responsibility to pay bondholders....

 2016-07-12 20:38 

Marketwatch.com

Medill News Service: Puerto Rico governor says it may take two years to return to municipal bond market...

Puerto Rico Governor Alejandro Garcia Padilla suggested Tuesday the commonwealths central government may not be able to borrow from the $3.7 trillion municipal bond market any time soon, as the uncertainty of restructuring the islands $70 billion debt and...

 2016-07-12 20:30 

Reuters

Puerto Rico governor says fiscal challenges not over...

Puerto Rico, the troubled U.S. Commonwealth that recently declared an historic default, could be shut out of debt markets for another two years as it battles with fiscal challenges, Governor Alejandro Garcia Padilla said on Tuesday....

 2016-07-12 18:06 

Bloomberg

Puerto Rico Governor Likely to Sign Water Utility Borrowing Bill...

Puerto Rico Governor Alejandro Garcia Padilla said he will probably sign into law a bill that allows the islands main water utility to raise money through the capital markets....

 2016-07-01 16:31 

Bloomberg

Puerto Rico Governor Says He Will Sign Budget After Defaulting...

Puerto Rico Governor Alejandro Garcia Padilla, while commenting on why the commonwealth is defaulting Friday on its general-obligation debt, said he plans to sign an $8.8 billion fiscal 2017 budget passed by the islands legislature this week....

 2016-06-30 21:43 

Reuters

Puerto Rico governor authorizes suspension of public debt payments...

Puerto Rican Governor Alejandro Garcia Padilla on Thursday issued an executive order authorizing the suspension of payment on approximately $800 million worth of constitutionally-guaranteed general obligation bonds due on July 1....

 2016-06-30 20:45 

Bloomberg

Puerto Rico Governor Calls Debt Moratorium as Bond Payments Due...

Puerto Rico Governor Alejandro Garcia Padilla declared a moratorium on debt payments a day before $2 billion are due, promising its biggest default yet, as President Barack Obama signed a law sheltering the island from bondholder lawsuits as it seeks to a...

 2016-06-30 16:39 

Bloomberg

Puerto Rico Faces Record Default: A Look at the $2 Billion Due...

Puerto Rico Governor Alejandro Garcia Padilla says the island wont pay general-obligation debt coming due on Friday even with President Obama poised to sign a bill that enables the commonwealth to restructure its $70 billion debt load....

 2016-06-30 16:31 

Newsmax

Puerto Rico Says It Will Default Even With Congressional Aid...

Hours before a potential historical default, Puerto Rico Governor Alejandro Garcia Padilla made it clear that the commonwealth won't pay bondholders even as Congress votes on a bill allowing the island to restructure its $70 billion in debt. "On July 1, 2...

 2016-06-30 13:32 

Business Report (IOL)

Puerto Rico will default...

Puerto Rico Governor Alejandro Garcia Padilla makes it clear that the commonwealth won’t pay bondholders....

 2016-06-29 15:42 

Bloomberg

Puerto Rico Says It Will Default Even With Congressional Help...

Two days before a potential historical default, Puerto Rico Governor Alejandro Garcia Padilla made it clear that the commonwealth wont pay bondholders even as Congress votes on a bill allowing the island to restructure its $70 billion in debt....

 2016-06-29 09:00 

Bloomberg

Puerto Rico Nears Next Big Default: A Look at the $2 Billion Due...

Puerto Rico and its agencies are facing $2 billion of bond payments due Friday, and Governor Alejandro Garcia Padilla has said the U.S. territory simply doesnt have the money....

 2016-06-25 21:45 

VOA

Puerto Rico Expands Emergency Debt Moratorium...

The governor of Puerto Rico has expanded an emergency debt moratorium on some notes issued by the U.S. territorys infrastructure financing authority. Alejandro Garcia Padilla made the decision late Friday, saying it was necessary to protect the governme...

 2016-06-25 20:42 

Philippine Star

Puerto Rico governor declares payment moratorium...

SAN JUAN Puerto Rico Gov....

 2016-06-25 04:59 

NY Times

[ World News ]

Puerto Rico Governor Suspends Payments on Infrastructure Debt...

Puerto Rican Governor Alejandro Garcia Padilla late on Friday declared a suspension of any payments on some debt issued by the U.S. territory's infrastructure financing authority, citing the authority granted under a local emergency debt moratorium la...

 2016-06-25 04:31 

Reuters

Puerto Rico Governor suspends payments on infrastructure debt...

Puerto Rican Governor Alejandro Garcia Padilla late on Friday declared a suspension of any payments on some debt issued by the U.S. territory's infrastructure financing authority, citing the authority granted under a local emergency debt moratorium la...

 2016-06-23 16:13 

Bloomberg

Puerto Rico Governor Says Shutdown Wont Prevent July 1 Default...

Eight days before about $2 billion in bond payments come due, Puerto Rico Governor Alejandro Garcia Padilla reiterated that the commonwealth will default on its general obligations even if he halted services on the island....

 2016-06-04 21:59 

NY Times

[ World News ]

Puerto Rico Plans Commercial Office in Cuba to Promote Trade...

Puerto Rico has taken the first steps toward opening a commercial office in Cuba, Governor Alejandro Garcia Padilla said on Saturday, on the sidelines of a Caribbean summit in Havana....

 2016-06-04 21:48 

Reuters

[ World ]

Puerto Rico plans commercial office in Cuba to promote trade...

Puerto Rico has taken the first steps toward opening a commercial office in Cuba, Governor Alejandro Garcia Padilla said on Saturday, on the sidelines of a Caribbean summit in Havana....

 2016-06-04 21:38 

Reuters Canada

Puerto Rico plans commercial office in Cuba to promote trade...

HAVANA (Reuters) - Puerto Rico has taken the first steps toward opening a commercial office in Cuba, Governor Alejandro Garcia Padilla said on Saturday, on the sidelines of a Caribbean summit in Havana.Garcia...

 2016-05-24 22:02 

ABC News (US)

[ International ]

Sartorius to Expand Pharmaceutical Plant in Puerto Rico...

Puerto Rico's governor says pharmaceutical supplier Sartorius is investing $50 million to expand its plant in the U.S. territory and convert it to its main logistical hub for the Americas. Gov. Alejandro Garcia Padilla said Tuesday that the Germany-ba...

 2016-05-24 21:50 

Stamford Advocate

Sartorius to expand pharmaceutical plant in Puerto Rico...

SAN JUAN, Puerto Rico (AP) Puerto Rico's governor says pharmaceutical supplier Sartorius is investing $50 million to expand its plant in the U.S. territory and convert it to its main logistical hub for the Americas. Gov. Alejandro Garcia Padilla sai...

 2016-05-24 21:50 

Stamford Advocate

Sartorius to expand pharmaceutical plant in Puerto Rico...

SAN JUAN, Puerto Rico (AP) Puerto Rico's governor says pharmaceutical supplier Sartorius is investing $50 million to expand its plant in the U.S. territory and convert it to its main logistical hub for the Americas. Gov. Alejandro Garcia Padilla sai...

 2016-05-23 21:17 

Bloomberg

Puerto Rico Governor Presents $9.1 Billion Fiscal 2017 Budget...

Puerto Rico Governor Alejandro Garcia Padilla presented a $9.1 billion spending plan for the fiscal year starting July 1 during a televised broadcast....

 2016-05-18 15:57 

Bloomberg

Puerto Rico Halts Toll Revenue Transfer From Bonds to Save Cash...

Puerto Rico Governor Alejandro Garcia Padilla declared a state of emergency for the islands Highways and Transportation Authority, suspending the transfer of toll-road revenue to bondholders and imposing a stay on legal claims....

 2016-05-06 19:31 

CNBC

If Congress doesn't act soon, we'll need a bailout: Puerto Rico governor...

Puerto Rico has no money to make its debt payments and needs help to restructure from Congress, Puerto Rico Governor Alejandro Garcia Padilla says. ...

 2016-05-02 22:57 

Newsmax

Puerto Rico Warns of More Defaults After Missing May Payment...

Governor Alejandro Garcia Padilla warned that Puerto Rico bond investors face a cascade of defaults starting in July unless Congress passes legislation that facilitates a restructuring of the commonwealth's debt.The exhortation made Monday in San Juan cam...

 2016-05-02 21:52 

San Francisco Chronicle

Puerto Rico governor implores lawmakers for financial help...

Gov. Alejandro Garcia Padilla said a much more significant default could occur July 1 if Congress doesnt restore the governments ability to restructure debt under Chapter 9 bankruptcy. Garcia blamed lobbyists for hedge funds, which he blasted as vultures...

 2016-05-02 18:53 

WSHU

Puerto Rico To Default On Debt Payment Monday...

Puerto Rico’s Governor Alejandro Garcia Padilla says that his government will not be able to make themore than $400 million in bond payments that are due today. The country is in the midst of a financial crisis and Congress is weighing whether to in...

 2016-05-02 16:29 

Taipei Times

Puerto Rico to miss US$370m debt payment: governor...

Puerto Rican Governor Alejandro Garcia Padilla announced that the government would not make nearly US$370 million in bond payments due yesterday after a failure to restructure or find a political solution to the US territorys spiraling public debt crisis....

 2016-05-02 16:15 

The Daily Star

[ Lebanon ]

Puerto Rico won't make $370 million in debt payments Monday...

Gov. Alejandro Garcia Padilla announced that Puerto Rico's government will not make nearly $370 million in bond payments due Monday after a failure to restructure or find a political solution to the U.S. territory's spiraling public debt crisis...

 2016-05-02 15:09 

WTNH

Puerto Rico wont make $370 million in debt payments Monday...

Gov. Alejandro Garcia Padilla announced that Puerto Rico...

 2016-05-02 13:39 

The Hill

Puerto Rico defaults on $422M debt payments...

Gov. Alejandro Garcia Padilla said providing essential services to citizens ...

 2016-05-02 12:40 

Talking Points Memo

Puerto Rico Won't Make $370M Payment As Debt Crisis Spirals...

SAN JUAN, Puerto Rico (AP) Gov. Alejandro Garcia Padilla announced that Puerto Rico's government will not make nearly $370 million in bond payments due Monday after a failure to restructure or find a political solution to the U.S. territory's spi...

 2016-05-02 12:33 

Chicago Tribune

Puerto Rico won't make $370 million in debt payments Monday...

Gov. Alejandro Garcia Padilla announced that Puerto Rico's government will not make nearly $370 million in bond payments due Monday after a failure to restructure or find a political solution to the U.S. territory's spiraling public debt crisis. Garcia sa...

 2016-05-02 12:18 

WHDH

Puerto Rico won't make $370 million in debt payments Monday...

Gov. Alejandro Garcia Padilla announced that Puerto Rico's government will not make nearly $370 million in bond payments due Monday after a failure to restructure or find a political solution to the U.S. territory's spiraling public debt crisis....

 2016-05-02 11:26 

Yomiuri Shimbun

[ the-japan-news.com ]

Puerto Rico to default on bond payments...

SAN JUAN (AP) Puerto Rico Gov. Alejandro Garcia Padilla announced that Puerto Ricos government will not make nearly $370 million in bond payments due Monday after a failure to restructure or find a political solution to the U.S. territorys spiraling publ...

 2016-05-02 10:43 

VOA

By the Numbers: Puerto Rico, Debt Crisis...

At issue: Puerto Rico's government will not make nearly $370 million in bond payments due Monday after a failure to restructure or find a political solution to its spiraling public debt crisis. Bailout vs. restructure: Gov. Alejandro Garcia Padilla says...

 2016-05-02 10:17 

Stamford Advocate

10 Things to Know for Today...

Gov. Alejandro Garcia Padilla cites a failure to restructure the bond payments or find a political solution to the U.S. territory's spiraling public debt crisis. Witnesses and relatives now say the men slain by Egyptian police were not gang members r...

 2016-05-02 09:04 

AP

[ Top International ]

Puerto Rico won't make $370 million in debt payments Monday...

SAN JUAN, Puerto Rico AP -- Gov. Alejandro Garcia Padilla announced that Puerto Rico's government will not make nearly $370 million in bond payments due Monday after a failure to restructure or find a political solution to the U.S. territory's spiraling p...

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