Analyst: COFINA deal may usher in P.R.’s ‘next default’
October 31, 2018
If the prediction of zero economic growth by 2023 holds true, the deal with COFINA creditors will lead to a new default for Puerto Rico.
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The Mall of San Juan sees 30% sales growth year-to-date
October 31, 2018
The mall operators also said foot traffic to the center is up 20 percent year-over-year.
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Evertec Inc. reports $112M in revenue for 3Q18, 9% year-over-year growth
October 31, 2018
The most recent results “exceeded our expectations,” company President Mac Schuessler said during a call with analysts.
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Illinois-based gasoline retailer Clark opening stations in P.R.
October 30, 2018
The process has begun with the first re-branded stations already operating in Bayamón and Aguada.
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Toyota Foundation awards $45K in environmental innovation scholarships
October 30, 2018
The Toyota Foundation recently celebrated the 21st edition of its environmental grants program, awarding scholarships of $2,500 each to 18 students.
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IEEFA: P.R. energy bill is ‘limp gesture’ toward true reform
October 29, 2018
The proposal is consistent with the Puerto Rico Electric Power Authority’s fiscal plan, which reduces the fossil fuel budget by $400 million to $500 million per year to bring the utility out of bankruptcy.
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U.S. Dept. of Labor to guide P.R.’s medical entities on workers’ compensation claims
October 29, 2018
When the nearly 15,000 federal employees have accidents at work, they depend on private medical providers to receive treatment and handle their claim.
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First BanCorp. reports $36.3M in 3Q18 net income
October 26, 2018
The financial institution’s loan portfolio grew this quarter despite “meaningful organic reductions” in resolution of non-performing assets.
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Discover Puerto Rico will promote small inns; Tourism Co. to host ‘Voy Turisteando’ fair
October 26, 2018
The “paradores” are known for hospitality and affordable rates.
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P.R. Community Foundation grants $154K to 7 micro incubators
October 26, 2018
Community microenterprise incubators are promoters of economic activity in communities by facilitating the entrepreneurship process of its members.
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Kosher market ripe with opportunities for local businesses looking to export
October 25, 2018
Reaching those markets will be the focus of one of the panel discussions in the group’s upcoming “Made in Puerto Rico Export Summit: Dare to Grow” event, slated for Nov. 8.
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Popular Inc. reports $140.6M in net income for 3Q18
October 25, 2018
Popular Inc. had a busy third quarter, with the closing of its acquisition of Wells Fargo’s auto finance business in Puerto Rico.
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Hispanic Federation launches $2.9M campaign to revitalize P.R.’s coffee sector
October 25, 2018
This initiative evolved out of a task force that was formed after Hurricane María.
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P3s draw market interest as gov’t launches more projects
October 25, 2018
The P3 offers a long-term concession for modernization, expansion and operation of passenger piers.
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American Red Cross launches $3M program to benefit P.R.’s small farmers
October 25, 2018
This project, called "Recuperación Agrícola” (Agricultural Recovery,) is part of its post-storm recovery initiatives.
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