Liberty Puerto Rico reports 12% YoY revenue drop in 2Q
August 7, 2024
Liberty Latin America CEO Balan Nair is anticipating a “significant inflection in financial performance” over the next six months. #NewsismyBusiness
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Luis Muñoz Marín Airport to get 1st checkout-free store — Quick Bites
August 5, 2024
MGI Caribe is partnering with technology firm Zippin’, which has deployed checkout-free technology across airports and venues nationwide. #NewsismyBusiness
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Amazon breaks ground on 100K sq. ft. delivery center in Dorado
August 2, 2024
The large-scale project will be on a nearly 40-acre lot in the northern town of Dorado and will entail an investment of between $40 million and $50 million. #NewsismyBusiness
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Gov’t, private sector balk at US Court’s rebuff of Universal Service Fund’s legitimacy
July 29, 2024
Last week, the Fifth Circuit in New Orleans ruled, 9-7, that the USF is unconstitutional as currently administered. #NewsismyBusiness
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Popular Inc. reports $178M in Q2 net income, up $26M YoY
July 25, 2024
The financial institution also saw quarter-over-quarter growth, as it reported $103.3 million for the quarter ended March 31, 2024. #NewsismyBusiness
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Passenger traffic up 8.5% in Q2 at Luis Muñoz Marín Int’l Airport
July 25, 2024
Passenger traffic during the three-month period was 3,469,364. #NewsismyBusiness
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First BanCorp. reports $76M in Q2 net income, opens $250M stock buyback
July 24, 2024
First BanCorp.’s board of directors approved a quarterly cash dividend of $0.16 per share on its outstanding common stock. #NewsismyBusiness
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OFG Bancorp reports $179.4M in Q2 core revenue
July 19, 2024
During the quarter, OFG also moved ahead with its share buyback program, implementing close to the $50 million approved by its board. #NewsismyBusiness
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Banco Popular de Puerto Rico sues Romark Global Pharma for $9.2M
July 15, 2024
Romark established its operation in Puerto Rico in 2019. #NewsismyBusiness
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Colmena66 report confirms roadblocks to entrepreneurship in Puerto Rico
July 12, 2024
In 2023, 711 entrepreneurs responded to the Annual Entrepreneurship Survey, a 28% increase from 2022. #NewsismyBusiness
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Puerto Rico bankruptcies up 18.6% in June with 426 filings
July 9, 2024
So far this year, a total of 171 businesses have turned to the U.S. Bankruptcy Court for protection. #NewsismyBusiness
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Mellon Foundation grants $1M to Rutgers/Puerto Rico Archival Collaboration
July 3, 2024
This funding will enhance the ongoing efforts to preserve and make accessible important archival collections and periodical publications from Puerto Rico. #NewsismyBusiness
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Lockheed Martin, Infosys BPM announce expansions, new jobs in Aguadilla
June 28, 2024
Both aerospace industries have had a long-standing presence in Puerto Rico. #NewsismyBusiness
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USACE unveils $252M plan to manage coastal storm risk in Ocean Park, Rincón
June 25, 2024
In Rincón, USACE proposes buying about 70 “vulnerable structures” along the coastline, including a portion of Villa Cofresí, to complete the project. #NewsismyBusiness
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3 Puerto Rico agricultural businesses to split $800K from USDA
June 17, 2024
The funding comes from the Farm Labor Stabilization and Protection Pilot Program. #NewsismyBusiness
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