Accounting and business consulting firm, Kevane Grant Thornton, and affiliate of Grant Thornton International Ltd, is marking its 45th anniversary in Puerto Rico. The firm that employs more than 150 professionals on the island, is celebrating a 10.1% year-over-year growth, according to Grant Thornton global statistics report as of September 2019 for the Americas region. […]
The second edition of the Health Industry Recruitment Event (HIRE) will take place on April 2-3 at the Puerto Rico Convention Center to provide opportunities to those who wish to work in the sector. The convention seeks to connect health industry job seekers with institutions and systems that are looking for employees, including: Doctors; nurses; […]
Economic Development and Commerce Secretary Manuel Laboy announced the publication for the review by the general public of the regulation that implements the provisions of sections 6070.54-6070.69 of the Opportunity Zones benefits of the Puerto Rico Incentives Code. The regulation establishes the rules, requirements and criteria that will be used for the request and issuance […]
Parliament Capital Management LLC, an investment management firm based in San Juan with a focus on direct lending and other credit opportunities, recently expanded its local footprint with the opening of its new offices in the Ciudadela complex in Santurce. Since the launch of its investment management practice in 2014, PCM has become a leader […]
Given the emergency that Puerto Rico is experiencing as a result of the ongoing earthquakes, the Puerto Rico Restaurants Association has asked for an additional 60 days of the elimination of the Sales and Use Tax on prepared foods. Marisol Vega-Cuoto, president of the trade group known as ASORE in Spanish, said “many citizens, volunteers […]
Less than four years after making its local debut with flights between San Juan and Orlando, low-cost carrier Allegiant Airlines will be pulling out of the market, ending service in May, this media outlet confirmed. “Allegiant’s business model is based on providing low-cost, affordable service to leisure travelers when they need it, which means our […]
OFG Bancorp reported results for the fourth quarter and full-year 2019, reflecting the previously announced acquisition of Scotiabank’s Puerto Rico and U.S. Virgin Islands operations. OFG reported a net loss to shareholders of $2.3 million, or ($0.04) per share, which included $21.5 million in acquisition related merger and restructuring charges and $6.6 million in additional […]
The Institute for Energy Economics and Financial Analysis (IEEFA) sent a letter to Gov. Wanda Vázquez, urging her to reconsider plans for converting Units 5 and 6 of the San Juan Power Plant from diesel to liquid natural gas (LNG)-based generation. Signed by IEEFA’s Director of Finance Tom Sanzillo, the letter was accompanied by documents […]
The Secretary of the Department of Economic Development and Commerce, Manuel A. Laboy, unveiled the Access to Public Information tool, which complies with the disclosure obligations established in several laws. The digital tool responds to conditions established by the Puerto Rico Incentives Code, the Transparency Law and Expedited Procedure for Access to Public Information and […]
During the emergency caused by Hurricane María in Puerto Rico in 2017, Chilean startup DataScope offered the municipality of Mayagüez its digital platform that uses cell phones to collect data from the population in need of help. DataScope is now making it available to municipalities affected by the earthquake in southwest Puerto Rico and to […]
Popular Inc. reported net income of $166.8 million for the quarter ended Dec. 31, 2019, compared to net income of $165.3 million for the quarter ended Sept. 30, 2019. In the report, Banco Popular de Puerto Rico’s parent company, confirmed it generated net income of $671.1 million for the year 2019, compared to net income […]
First BanCorp., the bank holding company for FirstBank Puerto Rico, reported net income of $167.4 million, or $0.76 per diluted share for the year ended Dec. 31, 2019, vs $201.6 million, or $0.92 per diluted share for the year ended Dec. 31, 2018. The drop was attributed a one-time $63 million benefit last year, which […]
The World Travel & Tourism Council (WTTC) announced its decision to move its WTTC Global Summit, slated to take place April 21-23, from San Juan to Cancún, Mexico. The local government, headed by the Destination Marketing Organization, Discover Puerto Rico, had reportedly set aside some $6 million to host the event, which will be reallocated […]
Bravo Family Foundation — a philanthropic entity founded by Puerto Rican businessman Orlando Bravo – announced the 10 innovative companies that moved on to the next phase of the Rising Entrepreneurs Program. BookSloth, CINCO Engineering, FiberWolf LLC, Insu Health Design Inc, Local Guest LLC, Pratian LLC, Raincoat, Skootel, Synchrolog, and Momentum Creative Lab were selected, […]
Florida-based gourmet burger chain BurgerFi is looking for employees for the first of six restaurants planned for the Puerto Rico market, which will open in Guaynabo, this media outlet learned. The company is looking to hire cooks, dishwashers, bartenders and team members for the local fast-casual restaurant chain to be owned and operated by franchisee […]
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