Former Sagrado Corazón Urban Train station parking lot sold for $3.3M
November 1, 2018
The lot known as Parcel B, Santurce Sur Ward was listed for $6.5 million but was sold for $3.3 million.
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Analyst: COFINA deal may usher in P.R.’s ‘next default’
October 31, 2018
If the prediction of zero economic growth by 2023 holds true, the deal with COFINA creditors will lead to a new default for Puerto Rico.
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The Mall of San Juan sees 30% sales growth year-to-date
October 31, 2018
The mall operators also said foot traffic to the center is up 20 percent year-over-year.
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Evertec Inc. reports $112M in revenue for 3Q18, 9% year-over-year growth
October 31, 2018
The most recent results “exceeded our expectations,” company President Mac Schuessler said during a call with analysts.
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Illinois-based gasoline retailer Clark opening stations in P.R.
October 30, 2018
The process has begun with the first re-branded stations already operating in Bayamón and Aguada.
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Discover Puerto Rico will promote small inns; Tourism Co. to host ‘Voy Turisteando’ fair
October 26, 2018
The “paradores” are known for hospitality and affordable rates.
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Oriental’s 3Q18 results buoyed by rebuilding, investment activity in P.R.
October 22, 2018
A rebound by Puerto Rico’s individual and business consumers is fueling growth at Oriental, which reported net income available to shareholders of $19.6 million or $0.42 per fully diluted share during the third quarter of this year.
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P.R. business sector vital for T-Mobile’s growth post-María
October 19, 2018
The segment — comprising all types of companies, but especially small and medium enterprises — has delivered a 19 percent month-over-month growth for the carrier since August.
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Bankruptcies filed in P.R. soar in September, with 160% more cases on record
October 9, 2018
The report showed increased activity in three of the four categories, with a marked jump in Chapter 11 cases.
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Banco Popular adds 40K new clients in the year since Hurricane María hit
October 4, 2018
Banco Popular added 40,000 new clients, as other financial institutions opted to close branches after Hurricane María tore through the island last year.
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América Móvil invests $250M in P.R. network this year, focuses on further expansion
October 4, 2018
América Móvil CEO Daniel Hajj, who is in Puerto Rico this week, met with Gov. Ricardo Rosselló.
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GAO report: Unreliable economic, limited labor data make P.R.’s situation difficult to assess
October 1, 2018
The U.S. General Accountability Office issued a report recommending that several U.S. agencies work to include Puerto Rico in more federal economic and labor data reporting, to make it easier to assess the commonwealth’s true problems.
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Ferry service between Ceiba and Vieques, Culebra to start Oct. 10
October 1, 2018
The service will be provided with four vessels leased from a private operator at a cost of $15 million for one year.
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Tesla, Suez Group in short list of proposals for trio of P3 projects
September 28, 2018
The three projects went through the required evaluation process, as specified in the Public-Private Partnerships Act.
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Discover Puerto Rico completes 1st phase of Google Content Initiative
September 28, 2018
On World Tourism Day, Discover Puerto Rico, the island’s destination marketing organization announced that the first phase of the Google Content Initiative has been completed.
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