U.S. Customs and Border Protection Air and Marine Operations inaugurated Wednesday its new $10 million aircraft hangar and support facilities at the Rafael Hernández International Airport in Aguadilla.
Blue Coat Systems Inc., a provider of advanced web security solutions for global enterprises and governments, announced Wednesday it has signed an agreement with telecommunications provider WorldNet to offer customized cloud security service to the island’s business sector.
The Puerto Rico Builders Association and Grupo Guayacán Inc. recently joined forces to establish a scholarship program for the trade group’s members through the Guayacán Fellowships Program.
Following the Puerto Rico government’s confirmation Tuesday that negotiations with Rico Sales Tax Financing Corporation (known as COFINA) and General Obligation bondholders had broken off, both creditor groups went public to defend their positions on the ongoing talks.
The Abdul Latif Jameel Poverty Action Lab (J-PAL) North America, a research center at MIT, announced Tuesday that Puerto Rico is among five state and local governments that have been selected to participate in the J-PAL State and Local Innovation Initiative.
Children and youth in Puerto Rico continue to live in families facing enormous economic challenges, with some 84 percent residing in areas of extreme poverty and the parents of more than half lacking full-time, year-round employment.
ASC, a Puerto Rico-based insurance company dedicated exclusively to providing compulsory liability insurance for vehicles, announced Tuesday a new service enabling customers to initiate and complete, completely online, the process of submitting a claim, as well as receive payment for the damage the same day of filing a claim.
A trio of Puerto Rico-based, private-sector companies will be hosting the “Puerto Rico Tax Incentive Conference” in New York on June 29, to showcase the tax incentives and competitive advantages that make the island “an ideal investment destination.”
Certain entities owning Puerto Rico's General Obligation bonds filed a suit in the U.S. District Court for the Southern District of New York today, seeking to invalidate the Emergency Moratorium and Financial Rehabilitation Act enacted by the Commonwealth to delay the repayment of debts.
The Associated General Contractors of America, Puerto Rico Chapter (AGC-PR) on Monday blasted Senate President Eduardo Bhatia for withdrawing the Puerto Rico Aqueduct Authority Revitalization Act, saying holding off on its approval “is an attack on the island’s welfare and the future of the construction industry.”
Meet Puerto Rico and key components of the island’s tourism industry expressed their support Monday of the House Bill 2867, which would establish a fixed daily surcharge of $3.50 on car rentals by non-residents.
Based on the premise that the residents of Puerto Rico contribute to environmental problems at a higher rate than those of other countries, more than 600 public elementary school students from 11 municipalities participated in the “Reto al cerebro” (“Brain Challenge”) program.
Liberty Business, Liberty Puerto Rico’s business division, has formed an alliance with Microsoft to provide productivity tools and cloud solutions for small and medium-sized enterprises on the island.
Pharmaceutical company Amgen recently announced the appointment of Puerto Rico native Esteban Santos as executive vice president of operations, effective July 25, 2016, reporting to Robert A. Bradway, chairman and CEO of the company.
With the goal of preparing college students to join the island’s business community, the Young Entrepreneurship Education System (YEES!), in collaboration with the Puerto Rico Products Association, recently held the second edition of the College Business Fair, during which 20 finalists received a combined $135,000 in seed funding for business creation.
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