CofC joins lobby to extend broadband subsidy through September
February 12, 2024
On Jan. 10, several lawmakers introduced H.R. 6929 to appropriate an additional $7 billion for the ACP. #NewsismyBusiness
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Caribe Hilton hotel listed for sale for undisclosed amount
February 8, 2024
The landmark property opened in December 1949 and is owned by Park Hotels & Resorts Inc. #NewsismyBusiness
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Passenger traffic up 8.2% at LMM airport Y-O-Y in January
February 8, 2024
Puerto Rico's Luis Muñoz Marín International Airport has been breaking passenger records in recent months, reporting a total of 12 million in 2023. #NewsismyBusiness
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Federal judge denies Paulson’s petition to dismiss former partner’s lawsuit
February 7, 2024
The case arises from an investment Fahad Ghaffar made in companies owed by John Paulson. #NewsismyBusiness
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ID.me confirms 3-fold jump in Puerto Rico residents with verified identities
February 1, 2024
Verification rates for agencies like the Internal Revenue Service have jumped since last year. #NewsismyBusiness
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Puerto Rico gov’t lobbies for extension of federal broadband subsidy program
January 31, 2024
Urges internet providers on the island to offer data on the impact the ACP has in Puerto Rico. #NewsismyBusiness
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Puerto Rico’s 10 airports assigned $21.3M in federal grants
January 31, 2024
The funding is available under the Bipartisan Infrastructure Law and is included in a total $245.9 million for 153 grants in 37 states, including Puerto Rico. #NewsismyBusiness
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Broadband subsidies could end in April for 360K households in Puerto Rico
January 29, 2024
When ACP funds run out, households participating in the program will no longer receive the monthly discounts. #NewsismyBusiness
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Popular Inc. reports $541M in net income in 2023, $94.6M in 4Q
January 26, 2024
Popular Inc. CEO Ignacio Álvarez confirmed that the Apple Pay service will finally become available in Puerto Rico this year. #NewsismyBusiness
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OFG Bancorp reports core revenue of $682.7M in 2023, $175.6M in 4Q
January 25, 2024
Oriental reported a $1.2 billion public funds deposit in mid-December, although the name of the agency involved remains undisclosed due to regulatory restrictions. #NewsismyBusiness
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Gov’t unveils 3 initiatives to position Puerto Rico as a life sciences hub
January 23, 2024
The centers will serve as a catalyst for research collaborations, driving economic and industrial development. #NewsismyBusiness
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Khoury to step down from helm at Liberty Puerto Rico
January 19, 2024
Eduardo Díaz-Corona will succeed Khoury as general manager for Liberty Puerto Rico and the U.S. Virgin Islands. #NewsismyBusiness
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FCC looks to empower consumers during cable, satellite TV blackouts
January 19, 2024
The FCC will seek public comment on this proposal. #NewsismyBusiness
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Puerto Rico’s EV charging network developer to be chosen in February
January 12, 2024
The Federal Highway Administration has allocated $51.4 million to the Puerto Rico Highways & Transportation Authority for establishing 10 publicly accessible electric vehicle charging stations. #NewsismyBusiness
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Fight between Paulson, Ghaffar now involves FTZ property in San Juan
January 5, 2024
Ghaffar initially filed a complaint at the local court, but Paulson’s companies asked for it to be moved to the U.S. District Court for Puerto Rico. #NewsismyBusiness
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