Food distributor José Santiago Inc. sues Smithfield Foods for $30M
June 1, 2022
José Santiago Inc. has asked the court for a preliminary injunction preventing Smithfield from ending the current contract.
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Digital media still king in Puerto Rico; News is my Business among top independent outlets
May 13, 2022
Online purchases hold steady even after the reopening of the economy.
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Puerto Rico’s new car sales remain flat YoY in April
May 11, 2022
Accrued demand in Puerto Rico for the January-April period totaled 43,543 units.
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Hemisphere Media Group to pick up WKAQ AM, KQ105 FM radio stations
May 9, 2022
The financial terms of the deal were undisclosed.
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Liberty Puerto Rico reports $369.3M in 1Q22 revenue
May 5, 2022
Liberty Puerto Rico's quarterly results remained steady YoY.
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Popular to build new $300M corporate campus in Hato Rey
May 4, 2022
The project will be financed through a capital investment made by Banco Popular.
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Evertec to launch PlacetoPay platform in Puerto Rico during 2Q22
May 2, 2022
Evertec CEO Mac Schuessler confirmed the company’s plans in a call with industry analysts to discuss its first quarter results.
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FirstBank CEO: ‘It’s Puerto Rico’s time to achieve economic growth’
April 29, 2022
First quarter results included $11.3 million in merger and restructuring in connection the bank's acquisition of Banco Santander.
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Puerto Rico’s advertising industry generates $1.6B in economic activity
April 27, 2022
The sector generates 16,533 direct, indirect, and induced jobs, representing a combined payroll of $500 million.
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Boys & Girls Clubs of Puerto Rico gets $1.5M federal grant
April 27, 2022
The allocation will benefit at least 84 participants in the towns of Arecibo, Aguas Buenas, San Juan, and Carolina.
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Oriental Bank reports $136.4M in 1Q22 revenue, up 7% Y-O-Y
April 22, 2022
OFG CEO José Rafael Fernández said the financial institution had a “solid quarter."
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Starlink satellites start beaming broadband internet service to Puerto Rico
April 22, 2022
Activity on a Reddit message board created by consumers in Puerto Rico has been picking up in recent weeks.
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US Dept. of Commerce officials visit Puerto Rico grantees to review progress
April 22, 2022
The EDA has made several major grant allocations in Puerto Rico after the 2017 hurricanes.
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Amazon Web Services opens Puerto Rico office to support cloud computing growth
April 21, 2022
AWS will invest in the local market by hiring engineers, network specialists, account managers, and other roles.
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Gov’t rolls out Civil Service Reform to adjust public sector salary scales, classifications
April 19, 2022
The latest phase of a pilot program that began in August 2021 started at two agencies.
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