Comptroller’s Office: Roosevelt Roads redevelopment lagging
May 3, 2023
The Comptroller’s Office urged the governor and the Legislative Assembly “take the appropriate measures with respect to the delay in the redevelopment of the land and facilities of the Naval Station.” #NewsismyBusiness
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ABRE Puerto Rico report shows 60% of towns have operated in the red
May 3, 2023
The index relies on 13 indicators with information extracted from municipal audited financial statements. #NewsismyBusiness
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Verdanza Hotel sold to joint venture by owners of Vivo Beach Club, Interlink
April 28, 2023
The transaction had been in the works since last year and closed Thursday. #NewsismyBusiness
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Popular Inc. reports net income drop in 1Q23 due to deferred tax asset
April 27, 2023
In the report, Popular Inc. confirmed net interest income of $531.7 million in the most recent quarter, compared to $494.3 million for the same year-ago period. #NewsismyBusiness
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Sunnova marks 10 years in Puerto Rico with aggressive expansion plans
April 27, 2023
CEO discusses plans, including the launch of new federal incentives to enable more Puerto Rico consumers to finance solar energy systems. #NewsismyBusiness
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First BanCorp. reports $70.7M in 1Q23 net income
April 26, 2023
Net interest income reached $200.9 million for the first quarter of 2023, compared to $185.6 million for the first quarter of 2022, and $205.5 million for the quarter ended Dec. 31, 2022. #NewsismyBusiness
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GustitosGO rewards program expanding in Puerto Rico, Panama
April 24, 2023
So far, GustitosGo has issued $2.6 million in Gustazos G-Credits. #NewsismyBusiness
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FCC extends Universal Service support for Puerto Rico telco’s
April 21, 2023
Current recipients of mobile support can receive a portion of their current funding for up to 24 months. #NewsismyBusiness
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OFG Bancorp earns $46M; CEO says one of best 1Q in a long time
April 21, 2023
“We’re seeing an ongoing improvement, and Puerto Rican clients, our customers, are very well-positioned from the standpoint of their liquidity, as well as businesses,” OFG CEO José Rafael Fernández said. #NewsismyBusiness
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InvestPR launches platform to connect local businesses with incoming investors
April 19, 2023
Service providers on the island are encouraged to list their businesses and connect with new businesses and investors looking for trusted service partners. #NewsismyBusiness
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Join a Join unveils new app for iOS devices
April 17, 2023
The new app is the latest development for the short-term rental platform. #NewsismyBusiness
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Telecom execs: Islandwide broadband coverage ‘doable’ in 5 yrs., but gov’t must step up
April 14, 2023
“An extraordinary plan on paper will stay on paper because the execution isn’t in the committee’s hands, it’s out there, in the permits and in the execution,” said Claro Puerto Rico President Enrique Ortiz de Montellano. #NewsismyBusiness
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Gov’t issues RFP seeking proponents to deploy public wi-fi hotspots
April 13, 2023
Through the RFP, internet providers in Puerto Rico will be able to participate in the island-wide internet deployment. #NewsismyBusiness
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Gasoline Retailers Assoc. sues gov’t over pricing restrictions at the pump
April 12, 2023
The trade group is asking the U.S. District Court to grant an injunction to ban the government from enforcing Act 150-2008, claiming it violates federal law. #NewsismyBusiness
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IKEA to open 2nd full-service store in Carolina in 2024
April 11, 2023
The new store will integrate a new format in Puerto Rico. #NewsismyBusiness
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