The Puerto Rico Public Private Partnership Authority announced the start of the process to solicit market feedback in connection with the proposed transformation and modernization of the Puerto Rico Electric Power Authority.
Executives, heads of private trade organizations and economists expressed their support of House Bill 1634, which proposes the repeal of Law 80, during the second day of public hearings at the Puerto Rico House of Representatives.
Walmart Puerto Rico announced plans to remodel its stores in Baramaya in Ponce and Bayamón, at a cost of $10.8 million.
Puerto Rico Trade and Export will be participating in a multi-sector trade mission to the Dominican Republic June 5-8, along with a delegation of 15 Puerto Rican companies.
Survivors of Hurricanes Irma and María in Puerto Rico have until June 18 to apply for individual or family assistance from the Federal Emergency Management Agency, FEMA announced.
The Edison Electric Institute presented ITC Holdings Corp. and WEC Energy Group with special recognitions.
Florida-based MasTec Inc. has signed a $500 million master services agreement with the Puerto Rico Electric Power Authority to complete the restoration of the critical electrical transmission and distribution system components damaged as a result of Hurricane María.
Puerto Rico’s Economic Activity Index, released by the Economic Development Bank, reached a level of 119.9 in April 2018.
The Puerto Rico Community Foundation and the Puerto Rico Primary Health Association formalized an alliance to provide solar energy systems to primary health clinics — 330 Centers — to be overseen by the latter nonprofit.
Oriental Bank has launched a new digital platform that seeks to make it “fast and easy” for small and medium-sized Puerto Rico businesses to apply for and manage commercial credits through the life cycle of their relationship.
Four months after announcing it had agreed to acquire Wells Fargo’s auto finance business in Puerto Rico, which operates as Reliable Financial Services Inc., Banco Popular de Puerto Rico confirmed it has filed a notice with the Federal Reserve System to close the deal.
U.S. Customs and Border Protection said its operations in Puerto Rico and the U.S. Virgin Islands are “ready to secure and facilitate travel for thousands of passengers departing to and arriving from international destinations.”
Drugstore chain Walgreens announced that FedEx Express package pickup and drop-off services are now available at 107 of its locations in Puerto Rico, as part of the growing FedEx OnSite network.
The Puerto Rican economy would get a full point of economic growth with proper labor market reforms, and would largely benefit from an expanded tourism industry, which currently represents 6 percent of the island’s GNP.
Insurance company MCS has joined the “Casa Segura, Puerto Rico Recovery” educational campaign, under the slogan: “Educate yourself, get ready and act."
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