California-based computer memory manufacturer Smart Modular Technologies announced Thursday it will be closing its Aguada plant due to a long-term production decline. The closing, which will leave 104 people jobless, will be finalized April 13, company spokeswoman Suzanne Craig confirmed. The company informed employees of the decision on Monday. As a result of the closing, […]
Puerto Rico Statistics Institute Executive Director Mario Marazzi Given the pressing need for independent, reliable and periodic statistics about the economy and business conditions of the island’s industrial sector, the Puerto Rico Manufacturers Association’s Industrial Competitiveness Institute and the Puerto Rico Statistics Institute have paired up to begin publishing the Puerto Rico Manufacturing – Purchasing […]
Just two months after announcing its intent, First BanCorp on Wednesday confirmed it has entered into a definitive agreement to sell a loan portfolio with an unpaid principal balance of $516.7 million to a newly created joint venture between Goldman, Sachs & Co. and Caribbean Property Group.
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