Moody's Investors Service, the first of the trio of ratings agencies that a month ago slashed Puerto Rico’s credit to junk, on Tuesday removed the "provisional" designation from the Ba2 rating assigned to the Commonwealth’s issuance of $3.5 billion 2014 A General Obligation Bonds priced earlier in the day.
Puerto Rico’s auto sales continue to take a beating this year, with 9.3 percent fewer units leaving dealerships in February, when 7,166 cars were signed away to their new owners.
Two investment groups announced plans this week to shell out a combined total of more than $460 million in separate acquisitions that will significantly strengthen Puerto Rico's status as a high-end luxury resort destination, government officials hope.
The Government Development Bank for Puerto Rico has sold $3.5 billion worth of tax-exempt fixed rate General Obligation Commonwealth bonds, the agency announced.
Paulson & Co. Inc., a New York-based investment firm, announced Monday it has acquired a majority interest in the Condado Vanderbilt and La Concha Renaissance Hotel and Tower, and the accompanying Condado Vanderbilt condominium towers in San Juan, for $260 million, including costs to complete construction of the Vanderbilt.
Puerto Rican investment firm Encanto Group announce Monday the acquisition of Punta Candelero Beach Resort and Marina at Palmas del Mar in Humacao.
Telecom provider Claro announced Monday the availability of its “4-Play” bundle of services that combine broadband, television and unlimited fixed telephone services, as well as a free Android tablet for on-the-go connections.
The Arecibo campus of the InterAmerican University of Puerto Rico recently opened its new, three-story, $4.5 million multi-purpose building to provide a place where students and faculty can gather to benefit from services and resources designed to help them further their academic and professional development, school officials said.
Last month, AT&T announced aggressive pricing plans for families and small businesses, as well as international offers.
The Inter American University of Puerto Rico has signed a “Heads of Agreement” with Airways New Zealand for the establishment of an Air Traffic Control training campus in Bayamón.
Caribbean Property Group offered a preview of the third and newest residential tower to join the exclusive Paseo Caribe complex in San Juan, Bahía Plaza, where apartments will start at the low $400,000’s.
U.S. travelers seeking to get the most bang for their buck when traveling to the Caribbean over spring break should consider Puerto Rico first, as it has been ranked as the “least expensive destination” by TripAdvisor’s TripIndex Caribbean survey released Wednesday.
Telecommunications service provider Claro and the Puerto Rico Manufacturers Association signed a collaborative agreement Tuesday that will facilitate exchanging information on new technologies specially designed to increase the business sector’s productivity.
The seventh edition of the Puerto Rico Open is officially underway at the Trump International Golf Club in Río Grande, an event that is expected to have an economic impact of $22 million and reach more than 500 million homes, Puerto Rico Tourism Co. Executive Director Ingrid I. Rivera-Rocafort said during a news conference Wednesday.
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