PRHTA study: PR needs DMO to boost tourism, economy
January 13, 2017
The Puerto Rico Hotel and Tourism Association unveiled Thursday a study that confirms tourism as the sector that can provide “quick stability and economic growth” to Puerto Rico.
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Backyard Bondholders meet with Oversight Board
January 12, 2017
Backyard Bondholders Inc., an organization representing about 20 percent of the government's outstanding public debt, met a briefing Wednesday with several members of the Financial Oversight and Management Board for Puerto Rico to establish the position of local bondholders.
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GO bondholders ask for invalidation of COFINA structure
January 11, 2017
The Ad Hoc Group of Puerto Rico General Obligation bondholders addressed a memo Tuesday to island policymakers claiming the unconstitutionality of the Sales Tax Financing Corp., known as COFINA, and asking for its invalidation.
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Energy Commission orders 21% drop in PREPA rate
January 11, 2017
The Puerto Rico Energy Commission on Tuesday issued an order establishing a reduction of 21 percent on the provisional rate that the Puerto Rico Electric Power Authority effected in August 2016.
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Public can vote on PR Financial Awareness video contest
January 9, 2017
The Puerto Rico Bankers Association is asking the general public to cast their vote for the “People's Choice Award” as part of its Puerto Rico Financial Awareness Video Contest 2016, its annual video competition on financial education, aimed at college students.
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Private Sector Coalition presses Rosselló for labor reform
January 5, 2017
The Puerto Rico Private Sector Coalition on Wednesday revisited its quest for labor reform, asking Gov. Ricardo Rosselló to present necessary legislation to promote a new environment for employers.
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Gov’t releases RFQ for new strategic advisor, legal counsel
January 5, 2017
The new administration under Puerto Rico Gov. Ricardo Rosselló on Wednesday released a Request for Qualifications (RFQ), seeking a new strategic advisor and legal counsel to move ahead with restructuring the Commonwealth’s $68 billion debt.
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SBA launches InnovateHER, Aspire Challenge programs
January 4, 2017
The U.S. Small Business Administration announced Tuesday the launching of two programs — the 2017 InnovateHER: Innovating for Women Business Challenge and the Aspire Challenge.
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Gov. Rosselló signs 6 executive orders as he is sworn in
January 3, 2017
Gov. Ricardo Rosselló hit the ground running Monday, effecting six executive orders the same day he was sworn into his post as Puerto Rico’s 12th elected governor.
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P.R. retail sales jump $85.1M year-over-year in Sept.
December 30, 2016
Puerto Rico’s retail sales jumped by $85.1 million in September when compared to the same month in 2015, exceeding the $3 billion mark, Puerto Rico Trade and Export revealed Thursday.
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Plaza Las Américas Sizzler reopens after $1.5M revamp
December 30, 2016
Following a $1.5 million make over, the Sizzler casual dining restaurant located at Plaza Las Américas will reopen today, Carlos Trigo, president of Multisystems Restaurant confirmed Thursday.
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P.R.’s 1st medical cannabis pharmaceutical gets licensed
December 30, 2016
Puerto Rico’s first medical cannabis pharmaceutical company, IMC Corp., has been given the go-ahead to start operations in Ponce upon receiving its license from the Commonwealth’s Health Department.
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Gov-elect names ex-Telecom Board chief back to post
December 29, 2016
Gov.-elect Ricardo Rosselló on Wednesday re-appointed former Telecommunications Regulatory Board president Sandra Torres back to the post she held from 2009 to 2013.
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Oriental offers professional tips to 300 college students
December 29, 2016
As part of its corporate social responsibility program, Oriental Bank officials recently offered a lecture to about 300 students from the Universidad del Este (UNE) to provide them with tools and share best practices to take with them as they embark on their professional careers.
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Report: U.S. jobs in most demand in finance, accounting
December 28, 2016
Job opportunities across the United States are mostly in the areas of finance and accounting, which during the 12-month period ended May 2016 registered a 99.5 percent employment level, according to a recent study by research firm Robert Half Technology.
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