February 20, 2019

Jet Aviation acquires full ownership of fixed-based operator at LMM

February 20, 2019

COR3 office unveils website to provide updates on recovery funding, projects

February 20, 2019

12th edition of Saborea Puerto Rico food fest set for April 4-7 in Carolina

February 20, 2019

Military equipment maker in Guánica investing $25M in 2-year expansion

February 19, 2019

P.R.’s Energy Bureau: Sunnova’s residential solar panel lease contracts illegal

ECONOMY

P.R.’s changing economic landscape has forced banks to retrench

Puerto Rico’s changing economic landscape will prompt banks to keep a tight grip on their activites until risks recede, an analysis by H. Calero Consulting firm concluded. The “retrenching,” as the firm called it, will likely lead banks to remain a “passive sector, one that, in the future, stands to react rather than lead the creation of new economic opportunities.” The firm identified loan payment delinquency and a shrinking population as ongoing risks for local banks. Also, it questioned whether the recently approved debt restructuring agreement between the government and Sa

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The Hilton Effect: Puerto Rico | Rebuilding an Icon

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VIDEO LIBRARY

AUTO

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Ford, Gravity Sketch explore new tool for designing vehicles to meet customers’ needs

From a desk at the Ford Design Studio, a designer enters a virtual room and begins a 3D sketch. He is designing a virtual car around himself and adjusting the attributes to best suit him – the driv

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New car sales up 28.4% in ’18, when 107K+ units rolled off P.R. lots

Puerto Rico’s new car sales received a significant boost last year, when a total of 107,941 units sold, compared to the 84,080 units sold in 2017, representing a 28.4 percent increase. However,

AutoFeatured

Ford survey looks at drivers of consumer behavioral trends

Self-driving cars are a hot topic today, but if you had to choose would you rather your children ride in an autonomous vehicle or drive with a stranger? You may be surprised to learn that 67 percent o

ENVIRONMENT

Resident Commissioner presents ‘Offshore Wind for Territories Act’

Resident Commissioner Jenniffer González-Colón introduced H.R. 1014, known as the “Offshore Wind for Territories Act,” a bipartisan legislation that would amend federal law to study the potential for offshore wind energy development in the U.S. exclusive economic zone adjacent to Puerto Rico and the rest of the U.S. territories.   Over the past few years, there has been consensus around the need to modernize Puerto Rico’s power infrastructure by introducing more renewable energy sources, which would in turn reduce its impact on the environment and increase its efficiency. At present, only 2 percent of the island’s ele