In a letter to Gov. Ricardo Rosselló and the Chairman of the Financial Oversight and Management Board for Puerto Rico, two Congressional lawmakers called for the protection of the Puerto Rico Energy Commission from efforts to weaken or undermine its jurisdiction by consolidating it with other agencies or by privatizing the Puerto Rico Electric Power Authority and exempting PREPA from PREC’s supervision.
Six months after Hurricane María made landfall, the U.S. Army Corps of Engineers “remains committed to safely and urgently restoring reliable power and returning normalcy to the U.S. citizens of Puerto Rico as quickly as possible,” the agency said on the half anniversary of the storm.
Representatives from Puerto Rico’s retail sector confirmed activity is near normalcy six months after Hurricane María generated product shortages and problems at the ports during the first few weeks after the storm.
Six months after Hurricane María devastated Puerto Rico, power and water have been restored in most communities, millions of cubic yards of debris have been removed, hospitals and other government services are open and bridges are being replaced, the Federal Emergency Management Agency said.
The management of Simon-Plaza Carolina Mall announced the next phase of store reopenings as part of its continuing process of recovering from the impact of Hurricane María.
For the second time in four months, Watts Water Technologies Inc. — a global manufacturer of plumbing, heating, and water quality products and solutions — will fund and help install two water filtration systems that provide clean drinking water for children and families in need in Puerto Rico.
Grupo Guayacán, Inc. (GGI) announced the appointment of Ángel L. Pérez, vice [resident of Rock Solid Technologies, as new chairman of the organization’s Board of Directors.
With the slogan "Discover your new San Patricio Plaza!," shopping center executives announced the completion of a $4 million remodeling project that took 14 months.
As part of its commitment to Puerto Rico and helping the community, Payless Shoesource, in partnership with Pirates Charities (a charity run by the Pittsburgh Pirates) distributed more than 3,000 pairs of athletic shoes for Hurricane Maria victims who everything in a matter of hours, including basic items like shoes.
Paulson & Co. announced completed and projected renovations for one of its many real estate properties in Puerto Rico, the 270 Plaza building in Hato Rey, better known as the McConnell Valdés building
The CPA Foundation unveiled the results of a study providing suggestions for Puerto Rico’s reconstruction and long-term sustainable development that focuses on six specific pillars moving forward.
When it comes to retaining employees, companies must have a benefits strategy — which for some is key to reaching long-term goals for controlling costs and budget considerations.
The Center for American Progress has launched the “Puerto Rico Relief and Economic Policy Initiative,” a program that will focus on immediate-term hurricane response efforts for Puerto Rico, with an eye toward long-term planning, economic recovery, and solvency.
A group of Puerto Rico Sales Tax Financing Corp. (known as COFINA in Spanish) stakeholders expressed concern about the government’s alleged release of inaccurate information about Sales and Use tax (SUT) collections.
In a market where population is steadily declining, the economy has contracted and the fiscal situation has been in a downward spiral, it has become a challenge for financial institutions to keep their deposit levels growing.
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