Fitch assigns ‘BBB’ rating to Puerto Rico toll roads project
October 18, 2024
The rating reflects the stability and significance of the toll road network, despite Puerto Rico’s economic volatility and demographic challenges. #NewsismyBusiness
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OFG Bancorp reports Q3 results, expands mortgage servicing portfolio
October 17, 2024
The bank’s net income available to common stockholders was $47 million. #NewsismyBusiness
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Puerto Rico faces severe housing shortage amid regulatory, cost challenges
October 17, 2024
One of the most pressing issues discussed was the high cost of development, 30% of which is attributed to government-related expenses. #NewsismyBusiness
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EPA orders DTOP to address stormwater violations in Ponce
October 17, 2024
The EPA has warned that non-compliance could lead to fines of up to $66,712 per day. #NewsismyBusiness
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DOE grants $860M in loan guarantees for 2 solar farms in Puerto Rico
October 16, 2024
The facilities will be in the towns of Guayama (Jobos) and Salinas. #NewsismyBusiness
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MCS Classicare repeats as Puerto Rico’s only 5-Star rating health insurer
October 16, 2024
MCS Classicare is now the largest five-star Medicare Advantage plan in the United States and Puerto Rico. #NewsismyBusiness
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Solx to open Puerto Rico’s 1st solar panel manufacturing facility
October 15, 2024
The company will help the island reach its renewable energy goals while boosting local economic growth and job creation. #NewsismyBusiness
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Velocicharge deploys 3rd expansion of EV fast-charge network in Puerto Rico
October 15, 2024
The company will also have new charging stations, federal projects, environmental impact and technological innovation throughout the island. #NewsismyBusiness
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Grupo Felcon expands presence in western Puerto Rico
October 15, 2024
With the addition of the Hyundai dealership Grupo Felcon now has 150 jobs on its payroll. #NewsismyBusiness
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Banco Popular subsidiary receives $40M allocation from U.S. Treasury
October 14, 2024
The funds will be used to enhance services to low-income communities in Puerto Rico, New York and Florida. #NewsismyBusiness
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Car buying in Puerto Rico shifts back to in-person post-pandemic
October 14, 2024
Premier Insurance’s Miguel López also noted the need for better-trained sales staff. #NewsismyBusiness
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U.S. Treasury lists ‘historic investments, economic growth opportunities’ for Puerto Rico
October 11, 2024
These investments represent a crucial step in Puerto Rico’s economic recovery, the agency stated. #NewsismyBusiness
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Premier Auto Summit focuses on digital strategies for Puerto Rico dealerships
October 11, 2024
Innovation, sales automation and the economic impact on the industry were discussed. #NewsismyBusiness
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LIFT to develop advanced manufacturing at $4M Caguas plant
October 11, 2024
LIFT began operating in Puerto Rico last year after signing a Memorandum of Understanding with the DDEC at the end of 2022. #NewsismyBusiness
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Puerto Rico faces energy crisis amid stalled modernization efforts
October 10, 2024
The analysis is presented on a website with FAQs on the energy sector that the CNE just launched. #NewsismyBusiness
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