JetBlue, the largest airline in Puerto Rico, today announced a multifaceted program to support both short-term relief and long-term recovery efforts on the island following the destruction from Hurricane María.
DDR Corp., which manages 12 malls throughout Puerto Rico, said today its Plaza Palma Real shopping center in Humacao sustained the most damage, while the remaining properties were less affected by Hurricane María.
The Puerto Rico Electric Power Authority (PREPA) Bondholder Group announced that its members have offered a debtor in possession (DIP) financing loan to the public corporation to help address the urgent need to repair the power grid in the wake of Hurricane María, following Hurricane Irma.
Federal agents began escorting 91 trucks to supply gasoline to local stations, 108 of which have security provided by the National Guard and the Puerto Rico Police, the government’s Secretary of Public Affairs and Public Policy, Ramón Rosario Cortés said Tuesday.
Two of the island’s major banks, Banco Popular and FirstBank, stepped up Tuesday to help consumers during the hurricane-invoked emergency, offering three-month moratoriums a number of payments, including on mortgages and credit cards.
The head of the U.S. Food and Drug Administration, Scott Gottlieb said this week the agency is “doing all it can” to support the immediate needs of Puerto Ricans after Hurricane María’s destruction, as well as ensure supplies of critical drugs produced on the island.
Atlas Oil Company, a Michigan-based company specializing in emergency fueling, deployed 19 trucks for a 30-60 day operation to Puerto Rico to support the Department of Defense through its partner Foster Fuels, the company announced.
Millionaire investor and developer Nicholas Prouty, who has called Puerto Rico his home for five years, said Monday the U.S. government must provide the island at least $40 billion in funding for relief and recovery efforts.
The Commonwealth of Puerto Rico is facing new risks and economic uncertainty following the devastation caused by Hurricane Maria last week, Moody’s Investors Service concluded in a report released Tuesday.
More than 7,250 people have signed up to a website wireless carrier AT&T has set up that allows anyone stateside (regardless of carrier) to register the cell phone number of a family member or friend who is an AT&T wireless customer in Puerto Rico.
Three of the island’s largest banks announced their operating schedules for Tuesday, when limited service will be offered throughout Puerto Rico.
Puerto Rico Farm Credit is reopening its office and services to all its clients in Puerto Rico, following Hurricane María’s path through Puerto Rico, Ricardo Fernández, president, said.
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