The Financial Oversight and Management Board for Puerto Rico is looking for an independent actuary, pension, and planning consultant for which it has issued an a request for proposals for parties interested in providing services.
Moody's-rated Puerto Rican banks, Banco Santander Puerto Rico, Banco Popular de Puerto Rico and FirstBank Puerto Rico have improved their capitalization, reserves and core funding in the face of protracted economic recession in the Commonwealth of Puerto Rico, Moody's Investors Service said in a new report released Thursday.
FirstBank and the Access to Justice Fund Foundation announced the launching of the Interest on Lawyer Trust Account (“IOLTA”,) or “Cuenta de Intereses en Fideicomiso de Abogados y Abogadas (CIFAA),” aimed at ensuring the availability and efficacy of legal services offered by nonprofit organizations to people of limited resources.
With the goal of building business competitiveness and expanding to new markets, IT solutions developer Internet Vision Development (INVID), LLC recently received certification from the U.S. Small Business Administration’s 8(a) Business Development program, it announced Tuesday.
Sometimes we can’t help but antagonize those big corporations. Those long-standing enterprises with their rigid business models and traditional corporate culture.
Liberty Puerto Rico celebrated “Safer Internet Day” on the island for the 10th year in a row Tuesday, as part of its social responsibility campaign “Navega con seguridad.”
As Valentine’s Day quickly approaches U.S. Customs and Border Protection (CBP) is “diligently” inspecting shipments of imported cut flowers to prevent the spread of insects or pests that may damage national and local agriculture, the agency said Tuesday.
The U.S. Department of Agriculture has approved a $1 million loan to the Puerto Rico Economic Development Bank for job promotion in rural areas.
Recent events related to the ongoing negotiation between the Puerto Rico Electric Power Authority and its creditors, including an extension through March 31 of the restructuring support agreement, suggests there’s still room for consensual accords, Moody’s Investors Service said in an analysis released Thursday.
DHL Global Forwarding, the air and ocean freight specialist within Deutsche Post DHL Group, confirmed Thursday it invested close to $1 million in Puerto Rico last year.
The Puerto Rico Treasury Department released Wednesday revenue collection numbers for December 2016 totaling $799.3 million, which represents a year-over-year decrease of $45.4 million.
Parallel18, an international accelerator for high impact innovative enterprises that want to scale their businesses from Puerto Rico, announced Wednesday it has selected 37 startups that will move to the island for five months to accelerate their companies and learn from business and technology experts worldwide.
First BanCorp., the bank holding company for FirstBank Puerto Rico, announced Wednesday that certain stockholders have commenced a public underwritten offering of an aggregate of 20 million shares of the corporation’s common stock, $0.10 par value per share that they currently own.
Sacred Heart University announced Wednesday the receipt of a $150,000 gift from Ashton Soniat and his wife Lauren to establish the perpetual Robert Soniat Fund to provide scholarships to outstanding students with financial need.
OFG Bancorp reported Tuesday results for the fourth quarter, reflecting an increase in net income available to shareholders to $12.1 million, or $0.27 per share fully diluted, from $11.7 million, or $0.26 per share fully diluted, in the third quarter and a loss of $4.4 million, or ($0.10) per share, in the same year-ago quarter.
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