The US Department of Labor announced a Notice of Proposed Rulemaking to establish standards and procedures to implement and enforce Executive Order 14026 increasing the minimum wage for federal contractors,” signed by President Biden on April 27, 2021. The order includes US territories, namely Puerto Rico and the US Virgin Islands, the agency confirmed. This Executive Order will: — […]
Moody’s Investors Service announced it has withdrawn the general obligation and related ratings of the Commonwealth of Puerto Rico, citing only “business reasons,” for pulling out. The decision to no longer provide ratings includes those assigned to the Puerto Rico Aqueduct & Sewer Authority, the Puerto Rico Electric Power Authority, and the University of Puerto […]
Fenwal International Inc., a Fresenius Kabi company, announced plans to expand its campus in San Germán, where it plans to consolidate its manufacture of sterile product bags, accessories assembly, and filling operation of saline solution and anticoagulants. The company estimates that it will make a full investment in San Germán of about $34 million to […]
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