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Puerto Rico Graduates 696 New Police Cadets
Jobs & Labor

Puerto Rico Graduates 696 New Police Cadets

Puerto Rico has graduated 696 new police cadets, strengthening law enforcement across the island. The new officers join the force as the government continues investing in recruitment, training and higher police salaries.

Paola Soto
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Jobs & Labor

Puerto Rico Leads Global Hiring Intentions for Q3

Puerto Rico has surged to the top of the global job market, ranking first worldwide in employer hiring intentions for the third quarter of this year. According to the latest ManpowerGroup Employment Outlook Survey, the island shared the top global spot exclusively with India, outpacing major international economies and marking a historic milestone for the […]

Caribbean Business Staff
man in orange and black vest wearing white helmet holding yellow and black power tool
Economy

House Votes to Abolish Minimum Wage Commission, Shifting Wage‑Setting Power Back to Legislature

In a divided vote, the House of Representatives approved legislation to dismantle the island’s independent Minimum Wage Evaluation Commission and restore full authority over wage‑setting to the Legislature, a move that immediately triggered warnings from minority lawmakers that workers will be left behind. House Bill 1115 now heads to the Senate as the governing New […]

Eva Llorens
Puerto Rico’s Private Equity Sector Gains Momentum
Business

Puerto Rico’s Private Equity Sector Gains Momentum

But leaders warn talent shortages, rigid labor laws could stall progress Puerto Rico’s private equity sector is experiencing its most dynamic period in decades, propelled by a favorable legal framework, a strong pool of Act 60 investment entities, and a growing class of managers running sophisticated global strategies from the Island. But industry leaders caution […]

Eva Llorens
Oversight Board Gives Green Light to Permitting Overhaul and Minimum Wage Shift
Business

Oversight Board Gives Green Light to Permitting Overhaul and Minimum Wage Shift

In a pair of key legislative updates, the Financial Oversight and Management Board (FOMB) has given its preliminary blessing to two controversial legislative proposals. In letters sent on Thursday, June 4, 2026, to House Speaker Carlos “Johnny” Méndez Núñez, FOMB Executive Director Robert F. Mujica Jr. confirmed that both a sweeping overhaul of Puerto Rico’s […]

Eva Llorens