Caribbean Produce Exchange Inc. announced a new commercial agreement with New York agribusinesses focused on the exchange of agricultural products.
Two bond insurance subsidiaries of Assured Guaranty Ltd. have filed an adversary complaint challenging the constitutionality of appointments to the Financial Oversight and Management Board for Puerto Rico.
OFG Bancorp revealed that for the second quarter ended June 30, 2018, it had net income available to shareholders of $16.2 million, or $0.35 per fully diluted share, compared to the first quarter’s $13.5 million and $13.6 million, equal to $0.30 per share, for the second quarter of 2017.
Puerto Rico Gov. Ricardo Rosselló confirmed that the federal government, through the Federal Emergency Management Agency (FEMA), signed the agreement to have access to Community Disaster Loans.
A long-running practice in which Puerto Rico’s public utility bought low-quality oil at high-quality prices has been mostly ignored in Gov. Ricardo Rosselló’s privatization of the Puerto Rico Electric Power Authority (PREPA), the Institute for Energy Economics and Financial Analysis claimed.
Puerto Rico Gov. Ricardo Rosselló announced the appointment of José Ortiz as the new executive director of the Puerto Rico Electric Power Authority.
Economists from Boston-based Reeve & Associates and San Juan-based Estudios Técnicos Inc. released a joint report, “The Impact of the Jones Act on Puerto Rico,” that concluded the Jones Act has no impact on either retail prices or the cost of living in Puerto Rico.
Although the financial crisis in Puerto Rico has not yet taken a drastic swing of balance in a positive direction, that hasn’t stopped Facebook from identifying opportunities that are available on its plaform for small and medium businesses to expand their operations.
With a combined investment exceeding $1 million, five new retailers will make their debut at Plaza Las Américas — three international and two local businesses, mall officials confirmed.
The U.S. Department of Agriculture announced that agricultural producers in Puerto Rico affected by Hurricane María in 2017 may now apply for assistance to help recover and rebuild their farming operations.
Puerto Rican firm Momentum Creative Lab LCC announced the launching of a disruptive technology, Gardien Alert, designed to send an alert when a child is left behind in a car, as well as the protective seat that also meets this need.
The Federal Emergency Management Agency awarded more than $140 million in Public Assistance grants for Hurricane María recovery in Puerto Rico, the agency announced..
Print 1, a commercial printing business in Las Piedras, recently received a $6.7 million line of credit from FirstBank for the purchase of assets and working capital to expand their facilities, the company stated.
It has been nearly eight years since News is my Business was launched as Puerto Rico’s first online-only, English-language newspaper, to give a voice to individual entrepreneurs and large multinational corporations looking to push the island’s economy forward.
The Strategic Group, P.R., a private equity firm based in Dorado Beach, Puerto Rico, has announced it has acquired all outstanding interest it did not previously own in Alpharetta, Georgia-based Ascenda BioSciences, LLC (formerly DRG Laboratory) through an affiliated special purpose acquisition vehicle.
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA