277 Puerto Rico businesses filed for bankruptcy in 2023
January 4, 2024
The U.S. Bankruptcy Court was busy during 2023, as there were 4,435 petitions submitted from January to December, or 16.4% more than the 3,810 cases filed in 2022. #NewsismyBusiness
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$2B Icon of the Seas will not return to Puerto Rico until May 2025
January 4, 2024
The massive and newest ship to join Royal Caribbean arrived in Puerto Rico’s southern port on Jan. 2, with some 4,000 crew members, contractors, shoreside teams, and yard workers aboard. #NewsismyBusiness
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Puerto Rico telecom execs are the constant in an ever-changing market
December 27, 2023
Cutting-edge services based on artificial intelligence and blanketing the island with broadband connections are two of the predictions high on the carriers’ list of developments in the immediate future and down the road. #NewsismyBusiness
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Municipality of San Juan sues Exxon Mobil, others for role in climate change
December 18, 2023
The municipality is seeking punitive and compensatory damages in excess of $75,000 from all defendants, “jointly and severally,” it stated. #NewsismyBusiness
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1.8M holiday travelers expected to move through Luis Muñoz Marín Int’l Airport
December 14, 2023
The TSA put out a list of what passengers need to know about holiday travel through its security checkpoints. #NewsismyBusiness
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Puerto Rico bankruptcies up 29% in November
December 13, 2023
So far this year, Puerto Rico individuals and corporations seeking protection from creditors have filed 3,397 cases in U.S. Bankruptcy Court, up 15.2% year-over-year. #NewsismyBusiness
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San Juan Marriott Resort & Stellaris Casino in midst of $28M renovation
December 4, 2023
The project should be completed by the end of 2024. #NewsismyBusiness
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Execs named to high-ranking local, U.S-based positions
December 1, 2023
This edition of Climbing the Corporate Ladder highlights executive appointments in Puerto Rico and the recognition of local talent abroad. #NewsismyBusiness
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Study: Puerto Rico consumers received 11M spam, scam calls in October
November 30, 2023
Data indicate that the top scams are credit card fraud, identity theft, Medicare/insurance fraud, Social Security scams, car warranty schemes and debt collection fraud. #NewsismyBusiness
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Ports Authority sues Aguadilla airport tenant for $1.4M
November 28, 2023
The private operator is allegedly behind on its lease and other payments. #NewsismyBusiness
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Hotels in Puerto Rico get AAA Diamond designations
November 28, 2023
This month, 12 hotels and two restaurants worldwide received AAA Four Diamonds. #NewsismyBusiness
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Vimenti marks 5 yrs. of promoting economic mobility in Puerto Rico
November 27, 2023
Through the two-generation service model, Vimenti promotes opportunities for social development and economic mobility of children, youth, and families as a whole. #NewsismyBusiness
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Hato Rey Center to become Autograph by Marriott condo-hotel
November 17, 2023
The 16-level property will have 168 hotel rooms and 32 residential apartments on the top three floors and is preliminarily being identified as Oro Residences. #NewsismyBusiness
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CofC unveils studies confirming entrepreneurs, consumers still worry
November 17, 2023
The studies were commissioned and revealed to provide a glimpse into economic and demographic trends across different sectors to facilitate business planning and strategic development for 2024. #NewsismyBusiness
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Foxwoods El San Juan Casino marks 2 years with new projects
November 16, 2023
The casino will introduce 53 new slot machine games as part of the anniversary. #NewsismyBusiness
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