January 20, 2020

Govt issues administrative orders to expedite emergency projects

January 20, 2020

Mennonite Health System to help quake victims handle emotions, anxiety

January 18, 2020

U.S. Dept. of Health activates free prescription med program in P.R.

January 17, 2020

Retailers join nonprofit to deliver aid, entertainment to earthquake evacuees

January 17, 2020

Kroll Bond Rating Agency assigns grade to Oriental Bank

ECONOMY

Moody’s: Earthquakes will blunt P.R.’s economic recovery

The almost non-stop sequence of earthquakes that have rattled Puerto Rico for the better part of the last two weeks will “exacerbate the commonwealth's challenges as it tries to rebuild its economy,” Moody’s Investors Service said in a commentary. “The events highlight the significant environmental risks faced by Puerto Rico and businesses considering investment on the island,” the firm noted, adding they hit “as Puerto Rico's economic indicators are improving, with population up slightly in 2019 and real economic output growing for the second straight year.” “Damage fro

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AUTO

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New car sales show 5% Y-O-Y growth in November, trade group says

New car sales for the month of November totaled 10,503 in Puerto Rico, up 5% year-over-year from the 10,001 units sold in the same month in 2018, he United Group of Automobile Importers confirmed.

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Hyundai inaugurates $700K parts and service warehouse

Hyundai of Puerto Rico announced the completion of $700,000 construction and expansion project for its parts and services warehouse in Cataño. The new space will be a key element in increasing th

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August new car sales dip 10% year-over-year, trade group confirms

New car sales in Puerto Rico took a 10% dip in August when compared to the same month in 2018, the United Group of Automobile Importers confirmed. The organization known as GUIA for its initials i

ENVIRONMENT

Solar power producer Sonnedix closes $15M financing in P.R.

Sonnedix, a global independent solar power producer, announced the completion of a non-recourse financing of solar photovoltaic plants in Puerto Rico, at a value of $15 million. City National Bank, Florida’s third-largest bank, acted as lender, the company said. Sonnedix started operations in Puerto Rico in 2015, where it currently has two operational solar PV plants with a combined capacity of 73MW and more than 50MW of solar power capacity under development on the island. “The financing further demonstrates our long-term commitment to, and confidence in, Puerto Rico — through the provision of reliable, renewable