Archive for June, 2016

U.S. Senate passes PROMESA, Obama could sign it today
June 30, 2016, No Comments

The U.S. Senate passed S. 2328, the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA), Wednesday w ...

$45M AC Hotel by Marriott breaks ground in Condado
June 30, 2016, 2 Comments

The groundbreaking ceremony for the first AC Hotel by Marriott in San Juan took place Wednesday for what will be a $45 m ...

Departing Barbados diplomat lists Caribbean concerns
June 30, 2016, No Comments

WASHINGTON — Ambassador John Beale of Barbados, who steps down today as his island’s top diplomat here after six and ...

AGC hosts construction industry biz matchmaking event
June 30, 2016, No Comments

The Associated General Contractors of America, Puerto Rico Chapter, recently held the third edition of its Business Matc ...

P.R. Telephone Co., parent co. to pay $1.1M FCC fine
June 29, 2016, 1 Comment

The Federal Communications Commission announced today that Puerto Rico Telephone Company and its parent company, Améric ...

P.R. credit unions have $486M in reserves to face losses
June 29, 2016, No Comments

Due to the possibility of a government default on some $2 billion in debt service due July 1, Puerto Rico credit unions ...

Walmart introduces ‘Walmart Pay’ at local stores
June 29, 2016, No Comments

With the goal of making the process of paying for purchases easier and quicker, Walmart Puerto Rico is introducing “Wa ...

Taco Maker to invest $1.5M annually in local beef
June 29, 2016, No Comments

The owners of the Taco Maker franchise in Puerto Rico, FransGlobal, announced this week its decision to buy the more tha ...

Moody’s: New surcharge ‘positive’ for PREPA creditors
June 28, 2016, No Comments

Moody’s Investors Service said Monday the new surcharge on customers’ electricity bills approved last week by the Pu ...

1st trade mission to Mexico in 12 years underway
June 28, 2016, No Comments

Fusionworks Inc. closed its office in Mexico City earlier this year but that hardly means this Condado-based business an ...