Rosa Mexicano operator files Ch. 11, citing $3.6M in debt
August 10, 2017
Ocean Front Hospitality Group, owner of the Rosa Mexicano franchise in Puerto Rico, has filed for Chapter 11 bankruptcy protection, citing more than $3.6 million in debt, this media outlet learned Wednesday.
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Parallel18 signs pair of collaborative agreements
August 10, 2017
San Juan-based startup accelerator Parallel18 announced Wednesday the signing of a pair of collaborative agreements — with the Puerto Rico International Banks Association and the Builders Association to create opportunities for up-and-coming businesses.
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Gov. signs law to transform Public Service Commission
August 10, 2017
Puerto Rico Gov. Ricardo Rosselló signed Senate Bill 525 that creates the “Administrative Transformation of the Public Service Commission Law,” a statute that simplifies and standardizes requirements that any operator of passenger ground transportation must meet.
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