Biogas project operators accuse Banco Popular of predatory lending
November 12, 2024
Biomass Green Fuels is asking the San Juan Superior Court to award $156 million in damages. #NewsismyBusiness
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Puerto Rico considers repealing inventory tax
November 11, 2024
Business leaders and officials discuss eliminating the tax and finding a substitute to support municipal funding. #NewsismyBusiness
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Puerto Rico’s new car sales drop by 10% Y-O-Y in October
November 11, 2024
Cumulatively through October 2024, demand for new cars was at 99,480 units. #NewsismyBusiness
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BDE reports 15.2% Y-O-Y jump in cement sales across Puerto Rico
November 11, 2024
However, monthly sales have remained at an average of nearly 1.2 million bags. #NewsismyBusiness
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San Juan metro area lures in more businesses as economy rebounds
November 8, 2024
Although Puerto Rico businesses have always competed for spots in the metro area, the trend is accelerating. #NewsismyBusiness
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Genera PR ensures ‘swift use’ of $459M to enhance island’s power grid
November 8, 2024
Post-election, Genera PR reaffirmed its commitment to guarantee the “swift, transparent, and effective use of federal funds.” #NewsismyBusiness
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IslandCorps launches 4th annual BIG Toy Drive with goal of 10,000 toys
November 8, 2024
The nonprofit calls on businesses and community groups to join the holiday toy drive for children in Puerto Rico. #NewsismyBusiness
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Evertec reports $211.8M in Q3 revenue, closes Mexico acquisition
November 7, 2024
Evertec’s growth is supported by strong financials, strategic acquisitions, and its focus on Latin American markets. #NewsismyBusiness
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Liberty Puerto Rico reports 12% revenue drop in Q3 to $308M
November 7, 2024
Liberty Latin America CEO Balan Nair highlighted the local operation’s sequential growth in OIBDA. #NewsismyBusiness
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U.S. Department of Labor sues San Juan-based health benefits provider
November 7, 2024
The federal agency filed a lawsuit against San Juan-based Suffolk Administrative Services and its associated entity, Providence Insurance Co. #NewsismyBusiness
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Peter Schiff files civil rights suit alleging conspiracy between IRS, OCIF
November 6, 2024
The lawsuit follows years of international scrutiny on Schiff and Euro Pacific Bank, which he founded in Puerto Rico. #NewsismyBusiness
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New Fortress Energy looking for ‘strategic partners’ for Puerto Rico operation
November 6, 2024
The company disclosed its plans to the Securities and Exchange Commission on Tuesday. #NewsismyBusiness
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Puerto Rico’s cruise tourism season produced $201.9M in 2023-2024
November 5, 2024
The Florida-Caribbean Cruise Association released the results of a study by New Jersey-based Business Research & Economic Advisors. #NewsismyBusiness
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USACE, DTOP partner to start relocating 59 flood-prone properties
November 5, 2024
The initiative is part of the Río Grande de Manatí Flood Risk Management Project in Ciales, which has an estimated cost of $29.8 million. #NewsismyBusiness
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Puerto Rico Cocktail Week celebrates 6th edition in new setting
November 5, 2024
The event will take place Nov. 10-16 with a series of special activities. #NewsismyBusiness
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