With the goal of supporting the launching of a family business, FirstBank has granted Samuel Rodríguez a $782,793 loan for purchasing and making improvements to the new Casa Wilson, an inn located in Condado.
Plaza Internacional, the owners of The Mall of San Juan, have filed a lawsuit against BRIO Hospitality P.R. Inc. — the local franchisees of the now closed BRIO Tuscan Grille — seeking to collect nearly $2.2 million, this media outlet learned.
First BanCorp., the bank holding company for FirstBank Puerto Rico, reported net income of $31.0 million for the second quarter of 2018, or $0.14 per diluted share, compared to $33.1 million, or $0.15 per diluted share, for the first quarter of 2018 and $28.0 million, or $0.13 per diluted share, for the second quarter of […]
The Puerto Rico Community Foundation (FCPR, for its initials in Spanish) bestowed $95,000 in recovery donations to 140 students from public and private universities, thanks to a contribution from the Hispanic Federation to establish the Hispanic Federation Puerto Rico Recovery and Hurricane Relief Fund, administered by the FCPR.
With more than 4,000 driver partners and 175,000 users, Uber is marking its second anniversary in Puerto Rico. The platform began operations on the island in July 2016, transforming the way Puerto Ricans and visitors move around.
Gov. Ricardo Rosselló and Economic Development and Commerce Secretary Manuel Laboy confirmed the launch of the Single Business Portal, a new tool that facilitates the process to carry out business in Puerto Rico.
The Federal Emergency Management Agency announced it has approved nearly $210 million in Community Disaster Loans for 51 Puerto Rico municipalities.
Popular Inc. reported a net income of $280 million and an adjusted net income of $121.3 million for the second quarter ended June 30, 2018, compared to a net income of $91.3 million for the quarter ended March 31, 2018.
Gov. Andrew Cuomo headed a delegation of New York government representatives, students and other volunteers to Puerto Rico, where the ‘NY Stands with Puerto Rico Recovery and Rebuilding’ initiative has cleaned, restored, and rebuilt 90 homes across the island.
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.
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