Bella Group buys Popular Auto’s daily car rental business
October 18, 2024
The financial terms of the transaction, which is expected to close in the coming weeks, were undisclosed. #NewsismyBusiness
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September bankruptcy filings in Puerto Rico up 21.3% YOY
October 3, 2024
These are preliminary numbers for last month’s movements at the U.S. Bankruptcy Court, Boletín de Puerto Rico stated. #NewsismyBusiness
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Courtyard by Marriott opens $30M hotel in Santo Domingo’s financial district
October 1, 2024
The 160-room, 18-story property was developed by Real Hotels and Resorts and opened earlier this year. #NewsismyBusiness
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UrbanLink Air Mobility to launch service from Puerto Rico
September 27, 2024
UrbanLink and Regent Craft announce a new seaglider order to service South Florida and Puerto Rico. #NewsismyBusiness
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LUMA to Congress: ‘Impact of past failures … remain an enduring challenge to progress’
September 27, 2024
The CofC called for the creation of a federal task force to cut through and overcome bureaucratic barriers, enforce deadlines, and ensure collaboration among all stakeholders. #NewsismyBusiness
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U.S. Court of Appeals gives To-Ricos right to use ‘Pollo Picú’ brand
September 24, 2024
The legal battle centers around PAS’ use of the Picú trademark from 2005 until it stopped selling products under the brand in 2011 due to financial difficulties.#NewsismyBusiness
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Navient Corp., Puerto Rico gov’t agree to void $7.7M in student loan debt
September 23, 2024
The settlement agreement does not include a breakdown of how the $7.7 million restitution will be distributed. #NewsismyBusiness
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Starwood Property Trust to develop $26M mixed-income complex in Ceiba
September 17, 2024
The Local Redevelopment Authority for Roosevelt Roads chose the proposal after an RFP process that drew only one interested group. #NewsismyBusiness
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FCC launches benefits for domestic violence survivors in U.S., Puerto Rico
September 16, 2024
Survivors can now make a request with their service provider to separate their mobile phone lines from family plans where the abuser is on the account. #NewsismyBusiness
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Study confirms ‘marked drop’ of Puerto Rico’s youth population over past 20 years
September 12, 2024
The study identifies natural disasters as “triggers” for learning difficulties, apathy toward education and likelihood of dropping out of school. #NewsismyBusiness
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Puerto Rico bankruptcies up nearly 20% YOY in August
September 12, 2024
So far this year, 3,710 petitions have been filed at the U.S. Bankruptcy Court, representing a 33.9% jump when compared to the same period last year. #NewsismyBusiness
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Gov’t looking for firms to develop mixed-use complex at Roosey Roads
September 11, 2024
Proponents had until Aug. 23 to submit their plans to the agency, which is now reviewing the proposals, an LRA official said. #NewsismyBusiness
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Passenger traffic at Luis Muñoz Marín Airport up 1.6% Y-O-Y in August
September 10, 2024
So far this year, passenger traffic at the SJU has jumped 9.1%, with 9.2 million people crossing the airport. #NewsismyBusiness
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Coca-Cola Music Hall reports $5.3M in ticket sales so far in ’24
September 5, 2024
Of the $35 million in ticket sales, $4 million are attributed to the Sales and Use tax, which go to the government’s coffers. #NewsismyBusiness
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Goodwill opening 1st retail store in Puerto Rico at former IKEA in Carolina
September 5, 2024
The nonprofit will also be launching its website and social media accounts soon to promote donations. #NewsismyBusiness
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