Evertec reports $146M 3Q22 revenue, growth in ATH Móvil transactions
November 3, 2022
Evertec’s operation in Puerto Rico benefited from increased point-of-sale transaction volumes during the quarter.
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FCC votes to push proposal extending support to local telecoms
October 28, 2022
Without Commission action, some of the existing support is scheduled to end starting in June 2023.
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VPNet Inc. gets $8.8M USDA grant to connect 7 public schools
October 28, 2022
The grant comes from the federal ReConnect Program.
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Popular Inc. reports $422M in 3Q22 net income, boosted by Evertec deal
October 27, 2022
Excluding the effects of that transaction, Popular Inc.’s net income for the quarter would have been $195.8 million.
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First BanCorp. reports $74.6M in 3Q22 net income, steady vs. 3Q21
October 26, 2022
The financial institution will mark its 74th anniversary this week.
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Oriental Bank reports $157M in 3Q22 revenue, up $22M Y-O-Y
October 21, 2022
The bank's CEO urged the public sector to "execute" to rebuild Puerto Rico's infrastructure.
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FCC Chair to visit Puerto Rico to survey Hurricane Fiona recovery efforts
October 18, 2022
Rosenworcel is set to meet with Gov. Pedro Pierluisi, among other government and industry officials.
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Puerto Rico wireless carriers embrace possibility of FCC fiscal support until ’25
October 17, 2022
The FCC's financial support helps carriers continue to harden their networks and sustain the economic blow of severe weather events.
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InterAmerican University’s SBTDC gets $750K USDA grant
October 17, 2022
The Puerto Rico Small Business & Technology Development Centers represented by its host institution, the InterAmerican University of Puerto Rico have received a $750,000 grant from the US Department of Agriculture for its AgriBIZ Learning and Business Development Program, the federal agency confirmed. The funding comes from the USDA’s 2501 Program, also called the “Outreach […]
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Study: Puerto Rico consumers spend 25% more a month to eat out
October 17, 2022
The Economic Development Bank stated the restaurant sector broke job-creation records.
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University of Puerto Rico, Ana G. Méndez get $1.7M from USDA
October 12, 2022
The US Department of Agriculture awarded the funds.
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Puerto Rican teachers hosting properties on Airbnb made $4M in ’21
October 12, 2022
In a recent survey, Airbnb confirmed that 10% of Puerto Rican hosts identified as an educator or lived with one in 2021.
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FCC could extend support for Puerto Rico’s wireless network recovery
October 6, 2022
The funding programs have a June 2023 end date.
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Old San Juan ranked among world’s ‘Best Cities for Digital Nomads’
October 6, 2022
The availability of co-working spaces, like Piloto151, made Puerto Rico stand out in the ranking.
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US Dept. of Commerce extends ‘Internet for All’ program deadline
October 5, 2022
In May, the Biden-Harris administration launched the $45 billion “Internet for All” initiative.
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