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
IN-BRIEF
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
TOURISM
AUTO
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
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,
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 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
