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DDEC seeks $28.8 million budget increase for fiscal 2026-27
News

DDEC seeks $28.8 million budget increase for fiscal 2026-27

Puerto Rico’s Department of Economic Development and Commerce (DDEC) is seeking a $28.8 million budget increase for fiscal year 2026-27, with agency officials citing rising pension obligations, infrastructure investments and operational costs as key drivers behind the request. During a public hearing before the Senate Treasury, Budget and PROMESA Committee, DDEC Secretary Sebastián Negrón Reichard said […]

Francisco Rodríguez-Burns
Senate evaluates nominees for Housing secretary, Patient Advocate
News

Senate evaluates nominees for Housing secretary, Patient Advocate

The Puerto Rico Senate’s Committee on Innovation, Reform and Appointments held a confirmation hearing Monday to evaluate Gov. Jenniffer González-Colón’s nominees for secretary of the Department of Housing and Patient Advocate. The committee, chaired by Senate President Thomas Rivera Schatz, considered the appointment of attorney Luis Augusto Martínez Román as Housing secretary and Dr. Catherine […]

Caribbean Business Staff
Permit reform top of mind for Legislative leadership
Economy

Permit reform top of mind for Legislative leadership

The Senate President argued that the current permit system allows for bureaucrats to make arbitrary decisions when evaluating permit applications Despite public disagreements with the governor about her proposed permit reform, House Speaker, Carlos “Johnny” Méndez and Senate President Thomas Rivera Schatz both expect to accomplish permit reform by the end of the legislative session.  […]

Maria Soledad