Puerto Rico businesses, consumers weary of island’s economic panorama
March 3, 2023
Energy costs, persisting worker shortage and Puerto Rico’s tax load are the three main concerns.
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FAA seeks to make airspace between LMM and Isla Grande airports safer
March 1, 2023
The FAA embarked on the public discussion following several studies to ensure that the airspace between the two airports is safe.
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Plaza Loíza adopting solar energy to slash costs at its stores by 60%
February 28, 2023
The first store at the Metrópolis shopping center in Carolina should be ready by year's end.
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Liberty Puerto Rico reports $1.4B in full year ’22 revenue; $374M in 4Q
February 27, 2023
Puerto Rico is the largest market for Liberty Latin America, which also has operations in Costa Rica, Panama, and the Caribbean.
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Scale AI to invest $2M in Smart Port Lab at the Port of Ponce
February 17, 2023
Private firm partners with Ponce Port Authority to develop next-generation project.
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Spirit Airlines to add new routes from San Juan, a $12M impact
February 15, 2023
New nonstop routes to Atlanta, Chicago, Dallas, Detroit and Hartford launch by June with introductory fares starting as low as $59 one way.
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Municipality of San Juan signs 30-yr. lease with Normandie Hotel owners
February 14, 2023
The property is "salvageable," the owners said.
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Sacred Heart University gets $3M grant to deploy broadband grid
February 10, 2023
The funding includes an investment for the installation of a fiber optic network through the university campus, as well as technical training.
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US Customs warns consumers against buying fake Valentine’s Day gifts
February 10, 2023
The top items seized by the San Juan Field Office are footwear, handbags and wallets, wearing apparel, jewelry, and watches.
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Puerto Rico to get $109M in federal funds for small business growth
February 9, 2023
The funding will go toward operating two programs: a collateral support program and a loan participation program for small businesses.
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DACO to probe consumer complaints about negative credit reports by mobile co.’s
February 6, 2023
Mobile service providers in Puerto Rico said they comply with laws and regulations and are open to answering questions.
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Ex OBoard chair named to Banesco USA governing body
February 1, 2023
The bank, which has had local presence for 30 years serving the commercial sector exclusively, will likely open two branches in Ponce and somewhere between Mayagüez and Aguadilla.
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OFG Bancorp reports $608M in ’22 revenue, $168M in 4Q22
January 27, 2023
The bank spent 2022 "deploying technology, expanding, and improving our network and investing in people and talent."
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Popular Inc. earns $1.1B in ’22, up from prior year
January 26, 2023
The bank also reported net income of $257.1 million for the quarter ended Dec. 31, 2022.
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Airport Shoppes invests $700K to open Udon restaurant at airport
January 24, 2023
The 1,200 square-foot location created 20 direct jobs and has the capacity to sit 25 customers.
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