Consolidated Restaurant Operations Inc. announced the opening of its first Cantina Laredo restaurant in The Mall of San Juan Wednesday.
OFG Bancorp reported results for the fourth quarter and year ended Dec. 31, 2017, which reflected net income available to shareholders increased to $13.6 million, or $0.30 per share fully diluted, from a net loss of $146,000, or $0.00 per share, in 3Q17. OFG reported net income of $12.1 million, or $0.27 per share fully diluted, in 4Q16.
Grupo Guayacán Inc. (GGI) announced the 22 local businesses selected to receive emergency funding through the Guayacán Start-Up Grants Program, an initiative launched in collaboration with the Banco Popular Foundation to support the economic recovery of emerging companies in Puerto Rico after Hurricane María.
Two decades after pioneering in the digital banking solutions arena, online financial services platform Eloan is being relaunched to provide a “simpler and smarter” personal loans product at competitive rates, company officials said.
Popular Democratic Party Rep. Luis Vega-Ramos and New Progressive Party Rep. Luis "Junior" Pérez-Ortíz presented bipartisan legislation Tuesday to guarantee the right of internet users in Puerto Rico to net neutrality, in light of the recent decision by Federal Communications Commission to remove such protections stateside.
Serafina Beach Hotel, the new boutique hotel in San Juan that will open in March, is “looking for enthusiastic people to apply for various positions available,” said General Manager Pierre-Alex Maillard.
Sacred Heart University and higher education IT services and support provider Dynamic Campus announced a new managed IT services partnership intended to build on the momentum the institution has experienced since Hurricane Maria hit the island on Sept. 20.
The "Made in Puerto Rico...The Store" that opened at Plaza Las Américas will feature local products, including local point-of-sale technology at check-out created by e-Nabler Corp
First BanCorp. reported net income of $24.2 million for the fourth quarter of 2017, or $0.11 per diluted share, compared to a net loss of $10.8 million, or $0.05 per diluted share, for the third quarter of 2017 and net income of $23.9 million, or $0.11 per diluted share, for the fourth quarter of 2016.
Prior to the extensive damage caused by Hurricanes Irma and María to Puerto Rico last September, the island’s small businesses were already dealing with several challenges, including maintaining liquidity, according to a report released by the Federal Reserve Bank of New York.
Line mechanics, crew leaders, safety personnel — and bucket trucks — from Exelon’s six utilities are on their way to Puerto Rico to add even more resources to the electric industry effort to restore power to the island.
The Puerto Rico Information Technology Cluster recently gathered representatives from the government, private sector and academia to pursue the integration of computer science in the island’s educational curriculum.
The Puerto Rico Cooperatives League recently unveiled a Guide to boost the island’s economic development, available for download at www.liga.coop.
Puerto Rico’s economic model must change its old ways and look to what has worked for other countries other than the United States to regain traction and truly compete on a global scale, according to an analysis by economic firm H. Calero Consulting.
The Dominican Republic’s Civil Aviation Board has suspended the operation of Santo Domingo-based PAWA Dominicana, which on late Sunday continued to negotiate with the regulatory body to reconsider its decision.
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