Insight - Bankruptcy woe ends for Puerto Rico, but not Wall Street


Welcome respite: A Puerto Rican flag flies on an empty beach at Ocean Park in San Juan. The country’s nearly five-year bankruptcy battle was resolved last week. — AP

THE Puerto Rico bankruptcy isn’t over for Wall Street.

The commonwealth is poised to exit its Title III debt restructuring, after Judge Laura Taylor Swain approved the debt-reduction plan of the island’s oversight board this week. And now for the unfinished business.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Ringgit opens firmer on weaker US$, 4Q GDP optimism
FBM KLCI seen consolidating ahead of GDP release, CNY holiday
Trading ideas: Steel Hawk, Critical, GDB, Hextar Industries, Infraharta, MFM, MGB, Oriental, UEM Sunrise, Maxis, SKP
Steel Hawk unit secures PETRONAS deal
Dialog enters recovery year driven by midstream recurring income
Stunning 4Q finish for Malaysia
Topmix posts record quarterly revenue and earnings
SC appoints LC Wakaful Digital as first social exchange operator
One Credit debuts smart fintech system
Infraharta Holdings wins RM11.4mil construction job

Others Also Read