The Economic Development Bank announced Sunday it is looking to boost its loan portfolio for Puerto Rico’s small- and mid-sized businesses by nearly 10 percent, to $275 million, in fiscal ’12, as a result of efficiencies achieved at the agency over the past 23 months.
El Amal’s owners left only a brief note on the door to announce the closing. (Credit: © Mauricio Pascual) Local drugstore chain El Amal closed down its 22 stores Saturday, taping only a brief note on the door to explain its decision to customers. It has been reported that some 600 people will lose their […]
Sergio Marxuach (Credit: ©Mauricio Pascual) Two years after the Luis Fortuño administration declared the island in a state of fiscal emergency, and put into motion a series of cost-cutting and revenue-generating measures, the government has managed to control expenditures and reduce the structural deficit — and has piled on debt — an analysis by the […]
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