Popular Inc. reports $178M in Q2 net income, up $26M YoY
July 25, 2024
The financial institution also saw quarter-over-quarter growth, as it reported $103.3 million for the quarter ended March 31, 2024. #NewsismyBusiness
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Avelo Airlines launches route between Lakeland, Florida, and San Juan
July 25, 2024
The new service will begin Oct. 26 and is expected to represent a $5.5 million economic impact for Puerto Rico. #NewsismyBusiness
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Passenger traffic up 8.5% in Q2 at Luis Muñoz Marín Int’l Airport
July 25, 2024
Passenger traffic during the three-month period was 3,469,364. #NewsismyBusiness
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First BanCorp. reports $76M in Q2 net income, opens $250M stock buyback
July 24, 2024
First BanCorp.’s board of directors approved a quarterly cash dividend of $0.16 per share on its outstanding common stock. #NewsismyBusiness
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Puerto Rico gov’t evaluating Opportunity Zone applications representing $915M in investments
July 24, 2024
Larger staff at the Department of Economic Development and Commerce has accelerated approvals. #NewsismyBusiness
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WUJU App launches to offer variety of services in Puerto Rico
July 24, 2024
The local app offers classifieds, ride services and towing, with plans to expand to more than a dozen categories. #NewsismyBusiness
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NY Fed report: Most of Puerto Rico unserved by high-speed internet
July 23, 2024
Areas that are considered served in Puerto Rico appear to be closer to urban areas, while rural areas are largely underserved, the Fed reported. #NewsismyBusiness This story is brought to you by Lexus Puerto Rico (www.lexuspr.com).
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Villas de Añasco reopens after $3M investment
July 23, 2024
The improvements were funded by the American Rescue Plan Act. #NewsismyBusiness
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Puerto Rico’s agricultural production grows to $703M in 2022
July 22, 2024
Compared to other economic sectors, Puerto Rico’s agricultural sector is relatively small. #NewsismyBusiness
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Pichea App to launch Pichea TV with influencers in August
July 22, 2024
The app, featuring 350 businesses and services, aims to expand to Florida, New York and Texas. #NewsismyBusiness
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June unemployment remained at 5.8% in Puerto Rico
July 22, 2024
The rate has been at 6.5% or lower for 30 consecutive months, the Labor Department noted. #NewsismyBusiness
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OFG Bancorp reports $179.4M in Q2 core revenue
July 19, 2024
During the quarter, OFG also moved ahead with its share buyback program, implementing close to the $50 million approved by its board. #NewsismyBusiness
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T-Mobile tops Opensignal report for ‘best overall experience’ in Puerto Rico
July 19, 2024
In the overall experience category, T-Mobile came on top for its video, games, download and upload speed experience. #NewsismyBusiness
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Puerto Rico gets $5M NOAA grant for coral restoration efforts
July 19, 2024
The Sea Ventures initiative is one of 32 habitat restoration and coastal resilience projects that NOAA will fund this year. #NewsismyBusiness
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Generac gets $200M to install renewable energy systems in Puerto Rico
July 18, 2024
Local companies to provide solar/battery storage installations in low-income communities hit hardest by long and frequent outages. #NewsismyBusiness
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