Evertec Inc. announced total revenue for the quarter ended Sept. 30, 2021, of $145.9 million, an increase of 7% compared with $136.5 million in the prior year quarter as it “continues to benefit from increased transactions in Puerto Rico, driven by the continued effect from the inflow of federal funds, and increased revenue from our […]
Banco Cooperativo de Puerto Rico, Banesco and the Federal Home Loan Bank of New York have joined the Puerto Rico Bankers Association, joining commercial banks Banco Popular de Puerto Rico, Citi and Firstbank, which are already part of the trade group. “For the Puerto Rico Bankers Association, it’s a great to be able to count […]
San Juan-based FV Bank, which has a digital asset custody license from the Office of the Commissioner of Financial Institutions (OCIF, in Spanish), announced it has been approved as a principal member of Visa. With that certification, FV Bank is now both a full-service bank offering both traditional banking services and digital asset custody, as […]
TransPerfect, a San Juan-based provider of language and technology solutions for global business, announced that its high-ranking officials have signed off on a $30 million property in Puerto Rico that will become the future home of TransPerfect’s Management Learning Center. “The total investment…in the Puerto Rico-based facility signals the beginning of a new era for […]
On July 1, 2016, Puerto Rico decided to default on its General Obligations bonds, a credit protected by our constitution and debt which should have NEVER defaulted. Most of us realize the Financial Oversight and Management Board for Puerto Rico (FOMB) exists because our politicians could not avoid the financial crisis that led us to […]
Alexandra Fernández-Navarro, current commissioner of the Puerto Rico Public Service Regulatory Board, has been named by the US Secretary of Commerce to serve on the Board of the First Responder Network Authority. The FirstNet Authority has 12 non-permanent members selected by the Department of Commerce and three permanent seats occupied by the US Attorney General, the […]
The 16th edition of the EnterPRize business competition is in its homestretch, and for the first time, the public will be able to witness the companies’ final presentations and vote for their favorite team for the special award “Sembrando el Futuro.” This award is one of many prizes that will be granted on Dec. […]
First BanCorp., FirstBank Puerto Rico’s parent company, reported net income of $75.7 million, or $0.36 per diluted share, for the third quarter of 2021, compared to $70.6 million, or $0.33 per diluted share, for the second quarter of 2021, and $28.6 million, or $0.13 per diluted share, for the third quarter of 2020. Financial results […]
As part of its mission to help the new generation of independent artists, producers, and music entrepreneurs, the Seed online platform announced the launch of R3, an educational program where users will learn to register their music and collect their royalties internationally in three steps. The program will go live Oct. 28, platform officials said. […]
Canadian airline WestJet announced it will be returning to Puerto Rico during the upcoming winter season, with a once-weekly flight between the Luis Muñoz Marín International Airport (LMM) and the city of Toronto. Service is slated to begin Dec. 18, the company confirmed. Puerto Rico is one of 95 destinations that the carrier will fly […]
The US Small Business Administration Puerto Rico & US Virgin Islands District Office entered a formal partnership with Western Puerto Rico Chamber of Commerce Inc. to foster an economic climate favorable to the development of small businesses and entrepreneurs. By signing a Strategic Alliance Memorandum, the SBA and the Western PR Chamber will present information and […]
An agreement between the United Retailers Association (CUD in Spanish) and the Puerto Rico Economic Development Bank (EDB, in Spanish) seeks to boost growth among the island’s small- and medium-sized businesses into new markets. The collaboration between the public agency and the trade group will provide, among other benefits, public workspaces to CUD members. The […]
The US Travel Association’s Recovery Dashboard with data from Tourism Economics confirmed that Puerto Rico is leading in recovery, with travel spending exceeding stateside averages. When comparing monthly spending, on average, the US was approximately 11% below the same time two years ago in September. But travel spending in Puerto Rico was more than 23% […]
The Puerto Rico Association of Small Inn Owners and Tourism confirmed its support of a Municipal Ordinance passed in the Municipality of Dorado to regulate the more than 1,000 independent short-term rental accommodations operating in the town. Last week, local media outlets reported that the beachfront town is requiring a permit from short-term rental operators to […]
The Puerto Rico chapter of the Established Program to Stimulate Competitive Research (EPSCoR) will be receiving $1 million over the next five years from the National Aeronautics and Space Administration (NASA). EPSCoR is a part of NASA’s Office of Stem Engagement and based out of the agency’s Kennedy Space Center in Florida, which supports science […]
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