Honeywell Aerospace moves Americas Aftermarket HQs to Guaynabo
February 22, 2022
Honeywell began operating in Puerto Rico in 2007 with 12 employees and now has 1,000 islandwide.
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Coamo meat packing co. Emprosur files for Ch. 11 bankruptcy
February 21, 2022
The petition was filed at the US Bankruptcy Court.
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Zen Spa invests $155K to open 5th location, at Royal Sonesta Hotel
February 17, 2022
The location will operate under the name Zen Spa Brisas.
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Puerto Rico Legal Aid: Barely 33% of $325M in rent payment aid has been used
February 16, 2022
The organization called on the Public Housing Administration to expand the educational campaign for the program that covers up to 15 months of rent and utilities.
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LUMA reports 7,500 solar client connections in 2Q22
February 16, 2022
The 60-page second quarter report describes LUMA’s activities in detail.
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Study: Natural disasters provoke ‘unprecedented’ socioeconomic changes
February 14, 2022
“The economy of disasters? Puerto Rico before and after Hurricane María,” present several suggestions for local and federal governments to reduce the negative socioeconomic impact left by natural disasters.
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Electronic sports betting officially takes off in Puerto Rico
February 10, 2022
Puerto Rico Gaming Commission grants the first betting operator license in time for this year’s Super Bowl.
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ALSA ends San Juan to Caguas bus service it launched in July ’19
February 9, 2022
When the company launched in July 2019, it had less than eight months of full operations before the COVID-19 pandemic was declared.
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Puerto Rico retail sales up 18.3% Y-O-Y to slightly more than $3B
February 7, 2022
That is the 18th consecutive monthly rise in retail sales, the Department of Economic Development and Commerce said.
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Starbucks Puerto Rico will not be raising prices like US counterpart
February 4, 2022
News is my Business confirmed that the hike will not apply to the local market.
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USDA grants $1.9M to Inter, UPR to boost agricultural, science programs
February 4, 2022
The universities will create special programs to boost agricultural studies.
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FL-based Guidewell closes purchase of Triple-S insurance provider
February 2, 2022
Nearly six months after announcing its plans, GuideWell Mutual Holding Corp., parent of Blue Cross and Blue Shield of Florida Inc., has closed on its acquisition of Triple-S Management Corp. GuideWell acquired all outstanding shares of Triple-S Management common stock for $36 per share in cash. With the completion of the transaction, Triple-S is now […]
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$60.5M renovation project at Port of San Juan to improve future energy costs
January 31, 2022
The US Army Corps of Engineers and the Puerto Rico Ports Authority will begin laying the groundwork later this year for improved maritime infrastructure at the San Juan Harbor that will eventually help lower energy costs and better the area’s environmental quality. In an interview with News is my Business, Ports Authority Executive Director Joel […]
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Popular Inc. reports $206M in 4Q21 net income, up 17% Y-O-Y
January 28, 2022
Popular Inc., parent company of Banco Popular de Puerto Rico, reported net income of $206.1 million for the fourth quarter ended Dec. 31, 2021, compared to net income of $176.3 million in the same period in 2020. The financial institution also reported net income of $934.9 million for the year 2021, compared to net income […]
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First BanCorp. reports $281M in net income in ’21, vs. $102M in ’20
January 27, 2022
First BanCorp., parent company of First Bank, reported net income of $281 million for the year ended Dec. 31, 2021, compared to $102.3 million for the year ended Dec. 31, 2020. In an interview with News is my Business, First BanCorp. CEO Aurelio Alemán attributed the growth to the completion of the acquisition of Banco […]
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