Bella Group names new management across divisions
July 27, 2018
Bella Group, a Puerto Rican company dedicated to the distribution and sale of automobiles, announced new managerial appointments in several of its divisions.
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CESCO mobile app gains 125K subscribers in a month
July 27, 2018
A month after the government launched the CESCO mobile application, it has gained about 125,000 subscribers who have completed transactions equal to some 59,000 hours of standing in line and 2,445 days at government agencies.
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First BanCorp. Reports $31M in net income for 2Q18
July 26, 2018
First BanCorp., the bank holding company for FirstBank Puerto Rico, reported net income of $31.0 million for the second quarter of 2018, or $0.14 per diluted share, compared to $33.1 million, or $0.15 per diluted share, for the first quarter of 2018 and $28.0 million, or $0.13 per diluted share, for the second quarter of […]
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P.R. Community Foundation gives $95K to 140 college students
July 26, 2018
The Puerto Rico Community Foundation (FCPR, for its initials in Spanish) bestowed $95,000 in recovery donations to 140 students from public and private universities, thanks to a contribution from the Hispanic Federation to establish the Hispanic Federation Puerto Rico Recovery and Hurricane Relief Fund, administered by the FCPR.
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Uber marks 2nd anniversary in P.R. with 4,000+ drivers, 175K users
July 26, 2018
With more than 4,000 driver partners and 175,000 users, Uber is marking its second anniversary in Puerto Rico. The platform began operations on the island in July 2016, transforming the way Puerto Ricans and visitors move around.
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TOTE Maritime continues investing in equipment for P.R. route
July 26, 2018
TOTE Maritime Puerto Rico continues to make substantial investments in equipment to meet the needs of its customers as well as Puerto Rico as the island continues with recovery efforts following last year’s hurricane season.
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Foundation for P.R. participates in P3 conference in DC
July 26, 2018
In a vote of confidence for its innovative projects that are helping to stimulate Puerto Rico’s economic rebound following the devastation of Hurricane María, the U.S. Chamber of Commerce Foundation selected Foundation for Puerto Rico President Annie Mayol to address the 7th Annual Building Resilience through Private-Public Partnerships Conference held in Washington, D.C. this week.
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Evertec partners with start-up accelerator, Parallel 18
July 26, 2018
Evertec Inc. and the Puerto Rico Science Technology and Research Trust announced the signing of a collaboration agreement with its start-up accelerator program, Parallel 18 (P18).
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Gov’t unveils new website that eases doing business in P.R.
July 25, 2018
Gov. Ricardo Rosselló and Economic Development and Commerce Secretary Manuel Laboy confirmed the launch of the Single Business Portal, a new tool that facilitates the process to carry out business in Puerto Rico.
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FEMA OKs $210M in Community Disaster Loans for 51 P.R. towns
July 25, 2018
The Federal Emergency Management Agency announced it has approved nearly $210 million in Community Disaster Loans for 51 Puerto Rico municipalities.
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FirstBank readies for hurricane season by hosting ‘A resilient bank’ seminar
July 25, 2018
Aware of the importance of keeping the bank's operations functional in the face of natural disasters, FirstBank’s management recently trained some 150 employees, members of its Emergency Committee, with the "A resilient bank" seminar in an activity at the Puerto Rico Convention Center.
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SBA partners with Veterans Affairs’ Vocational Rehabilitation and Employment Program
July 25, 2018
The U.S. Small Business Administration has entered into an agreement with the U.S. Department of Veterans Affairs, through its Vocational Rehabilitation and Employment program.
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Popular Inc. reports $280M in 2Q18 net income; announces stock repurchase plan
July 24, 2018
Popular Inc. reported a net income of $280 million and an adjusted net income of $121.3 million for the second quarter ended June 30, 2018, compared to a net income of $91.3 million for the quarter ended March 31, 2018.
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Caribbean Produce Exchange strikes deal to export local produce to NY
July 24, 2018
Caribbean Produce Exchange Inc. announced a new commercial agreement with New York agribusinesses focused on the exchange of agricultural products.
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Assured Guaranty sues over constitutionality of OBoard members
July 24, 2018
Two bond insurance subsidiaries of Assured Guaranty Ltd. have filed an adversary complaint challenging the constitutionality of appointments to the Financial Oversight and Management Board for Puerto Rico.
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