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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Luis Muñoz Marín Airport unveils new $6M federal inspections facilities
July 24, 2018
Luis Muñoz Marín Airport officials, along with local and federal tourism and U.S. Customs and Border Patrol personnel, unveiled a new $6 million Federal Inspections Station at Terminal B of Puerto Rico’s main air traffic hub.
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Oriental Financial group reports $16.2M in 2Q18 net income
July 23, 2018
OFG Bancorp revealed that for the second quarter ended June 30, 2018, it had net income available to shareholders of $16.2 million, or $0.35 per fully diluted share, compared to the first quarter’s $13.5 million and $13.6 million, equal to $0.30 per share, for the second quarter of 2017.
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Op-Ed: P.R. education policy creates new man-made disaster for children
July 23, 2018
Recently, the governor of Puerto Rico, Ricardo Rosselló, signed an education reform bill that will introduce charter schools to Puerto Rico for the first time in history.
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MCS opens customer service center in Arecibo
July 23, 2018
Insurance company MCS has remodeled and opened the doors of its customer service center in Arecibo, recognizing the importance of being close to communities to ensure its services are more accessible.
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Federal gov’t extends credit line to P.R. gov’t for disaster loans
July 20, 2018
Puerto Rico Gov. Ricardo Rosselló confirmed that the federal government, through the Federal Emergency Management Agency (FEMA), signed the agreement to have access to Community Disaster Loans.
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