The 60 Plus Association announced Thursday the formation of "Main Street Bondholders," a new small bondholder coalition made up of ordinary investors from Puerto Rico and the U.S. mainland who hold retirement, college and life savings in Puerto Rican bonds.
About 18 percent of all movers in the U.S. mainland and Puerto Rico, totaling 8.5 million people, moved to a different metropolitan area in the last year, according to new statistics released Tuesday by the U.S. Census Bureau.
San Juan-based, full-service transaction processing company EVERTEC Inc. announced Thursday key organizational changes in its leadership team.
Starbucks Coffee Company and Baristas Del Caribe, LLC, an affiliate of Empresas Fonalledas, a family-owned Puerto Rican group of companies, announced Wednesday that Baristas Del Caribe has acquired exclusive rights to operate Starbucks 19 stores in Puerto Rico.
Puerto Rico Medical Tourism Corporation and Florida-based Medical Tourism Association announced Wednesday the Caribe Hilton and the Condado Plaza Hilton are the island’s first hotels to be certified after the training and inspection process under the Medical Tourism Program.
FirstBank’s latest campaign, dubbed “Duplica tu Balance” (“Double your balance”) takes off today, offering customers an automatic entry to the draw of two partial awards of $5,000 and of a grand prize of up to $50,000 with each transaction registered on their personal deposit accounts through Nov. 20, 2015.
U.S. Small Business Administration head María Contreras-Sweet was in Puerto Rico Monday to announced a series of initiatives to spur the island’s economy and create jobs.
Open Mobile, one of several mobile network operators in Puerto Rico, is partnering with Assurant Solutions on a trade-in program that enables customers purchasing a new mobile phone to get instant credit for their old one.
The Puerto Rico Treasury Department announced Friday that General Fund net revenues totaled $626.5 million in July 2015 — the first month of Fiscal 2016 — representing a $2.3 million increase when compared to July 2014.
The San Juan Passport Agency will reopen to the public for U.S. passport services beginning Aug. 17, 2015, at the Minillas Government Center, agency officials announced Thursday.
Although most insurance carriers in Puerto Rico maintain sufficient capital to support lower bond ratings given their adequate capital positions and manageable exposures to the Puerto Rico municipal bond market, there will be circumstances where rating actions may have to be taken, ratings agency A.M. Best said.
Financial inclusion is one action that can move a population out of poverty while driving economic growth that’s more inclusive, sustainable and fair.
The Federal Emergency Management Agency is allocating $10.1 million to Puerto Rico under four separate grant programs.
OppenheimerFunds and Franklin Advisers, which represent Public Finance Corporation bondholders, sent a letter to Puerto Rico government officials demanding that they take “all necessary actions” to make the $58 million payment missed this week.
The Chartered Alternative Investment Analyst Association inducted its first two members from Puerto Rico this week during an event led by the organization’s CEO, William Kelly.
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