Moody’s: Pension bonds face imminent payment default
February 14, 2017
In the coming months, the Commonwealth of Puerto Rico will default on bonds issued by its Employees Retirement System following the steady depletion of the bonds' debt service reserves, Moody’s predicted.
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Atlas Asset Management launches new investment option
February 14, 2017
Atlas Asset Management recently launched an investment fun to give Puerto Rico residents the option to divest their savings in an instrument that is not tied to government debt.
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Guayacán, Builders Assoc. open call for grant program
February 14, 2017
The Puerto Rico Builders Association and Grupo Guayacán Inc. recently opened a call for its new grants program, to be managed by the Puerto Rico Community Foundation.
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Toyota de PR to pursue ‘slow and steady growth’ in ’17
February 13, 2017
Following its mantra of “slow and steady growth,” Toyota de Puerto Rico is rolling into 2017 with the goal of maintaining its local market share, currently 32.2 percent, while ramping up efforts to offer the best products and service.
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Meet PR locks down 3 events worth $23.4M for economy
February 9, 2017
Meet Puerto Rico, the organization in charge of promoting the island in the groups and conventions market, has locked down three major conventions this year, which should “contribute to reversing the downward trend” the sector experienced in 2016.
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Rosselló presents bill to streamline P.R. permits process
February 8, 2017
Gov. Ricardo Rosselló unveiled Tuesday a bill to streamline and integrate the Puerto Rico’s permitting process, which has received the private sector’s backing and should facilitate the opening of new businesses.
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P.R. to host 1st China investment forum Mar. 1-3
February 8, 2017
Looking to position the island as an “ideal investment destination for China” in the United States and Latin America, Puerto Rico will host the 1st China Investment Forum, Mar. 1-3, Gov. Ricardo Rosselló announced Tuesday.
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Liberty loses Lifeline provider designation in FCC sweep
February 7, 2017
The Federal Communications Commission on Friday invalidated the inclusion of nine new broadband Internet Service Providers — including Liberty Puerto Rico — in it’s Lifeline subsidies program, leaving an undetermined number of low-income families that could have benefited in suspense had the program gotten off the ground.
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P.R.’s migration level at record high in ’15; 89K left to US
February 6, 2017
The Puerto Rico Institute of Statistics on Sunday released data confirming that 89,000 people emigrated from Puerto Rico to the U.S. mainland in 2015, a year when all migratory indicators reached new levels.
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P.R. Trade spells out plans to boost local businesses
February 3, 2017
In his first presentation as the new head of Puerto Rico Trade and Export, Ricardo Llerandi on Thursday outlined the agency’s plans to “promote, encourage and facilitate the development of the local business class.”
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PR gov’t defaults on $312M in debt, interest due Feb. 1
February 2, 2017
The Commonwealth of Puerto Rico defaulted on $312 million in principal and interest due Feb. 1st by four credit-issuing entities, including constitutionally protected General Obligation bonds, the government confirmed Wednesday.
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Sprint reportedly finalizing acquisition of Open Mobile
January 31, 2017
Wireless carrier Sprint is reportedly in the final stages of acquiring competitor Open Mobile in what would be the first major change in Puerto Rico’s telecommunications landscape this year, two sources confirmed to this media outlet.
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The Big Think Group to represent PRConsultants Group
January 30, 2017
Full service public relations and digital marketing communications firm The Big Think Group has been appointed the Puerto Rico partner of the PRConsultants Group, considered North America’s “leading public relations professionals,” the local agency announced Sunday.
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Bankers Association offers tips for small biz success
January 30, 2017
The Puerto Rico Bankers Association is offering a series of recommendations to the island’s small and mid-sized business community so they can “get off on the right foot” this year.
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First BanCorp. reports $23.9M in net income for 4Q16
January 27, 2017
First BanCorp., the bank holding company for FirstBank Puerto Rico, reported Thursday net income of $23.9 million for the fourth quarter of 2016, or $0.11 per diluted share, compared to $24.1 million, or $0.11 per diluted share, for the third quarter of 2016 and $15.0 million, or $0.07 per diluted share, for the fourth quarter of 2015.
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