Pan Pepín on Wednesday officially announced the establishment of a new $2 million, 10,800 square-foot facility dedicated to the production of its “Planitas” brand of wheat tortillas.
“PR Business Link,” an online tool designed to to help Act 20/22 businesses and individuals who are considering moving or are already established in Puerto Rico to get the services they need through a directory that consolidates services and resources in one place.
The U.S. Department of Agriculture announced this week it is soliciting applications for grants to establish broadband in unserved rural communities through its “Community Connect” Program, which has some $12 million available to assign.
Two Government Development Bank board members are stepping down from their posts, saying, among other things, that the recently approved Puerto Rico Emergency Moratorium and Financial Rehabilitation has restricted the scope of their authority to make important decisions.
The U. S. Small Business Administration Puerto Rico and U.S. Virgin Islands district office has kicked-off the second Emerging Leaders training series on the island, announcing the companies selected to participate in the Class of 2016.
The Puerto Rico Science, Technology and Research Trust announced that three researchers and innovators were selected as finalists of the local edition for Singularity University Global Impact Competition.
A little more than a week after filing a motion for a temporary restraining order (“TRO”) against the Government Development Bank, a group of creditors owning Puerto Rico bonds confirmed Wednesday they have withdrawn their request.
Treasury Secretary Juan Zaragoza-Gómez confirmed Wednesday that net revenues recorded by the General Fund in March 2016 totaled $929.7 million, a $91.1 million increase compared to March 2015 net revenues, and $5.3 million below revised estimates.
The Puerto Rico Bankers Association said Wednesday the government’s decision to include Puerto Rico Electric Power Authority in the Puerto Rico Emergency Moratorium and Financial Rehabilitation Act could jeopardize the closing this year of the consensual restructuring support agreement.
The U.S. Census Bureau announced Tuesday it plans to conduct a test census in selected areas within Puerto Rico beginning February 2017.
Baskin-Robbins announced Tuesday that Island Creamery Inc. has acquired more than 20 Baskin-Robbins shops in Puerto Rico, becoming the brand's new sole franchisee on the island.
The Puerto Rico government’s decision to enact a debt moratorium and declare a state of emergency at the Government Development Bank prompted ratings agency S&P to downgrade the agency and Moody’s to warn of looming creditor lawsuits.
In the past 10 years, the size of the local economy has shrunk by 14 percent, total employment has dropped by 21 percent (more than 250,000 jobs) and the total population has decreased by 9 percent.
Debt insurer Assured Guaranty has aligned with the Ad Hoc Group of Puerto Rico's General Obligation Bondholders, agreeing to the deferral of principal repayment of Puerto Rico General Obligation Bonds on terms “economically consistent with the previously released term sheet,” the group said Monday.
The Coliseo de Puerto Rico has been ranked 15th in the list of Top 100 arenas worldwide in Pollstar Magazine's 2016 rankings, venue officials confirmed Monday.
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