Popular Inc., parent company of Banco Popular de Puerto Rico, reported $218.1 million in net income for the second quarter ended June 30, 2021, compared to the $127.6 million on record for the same period in 2020, representing $90.5M in year-over-year growth. The most recent figure compares to $262.6 million in net income reported for […]
Ángel L. Pérez, a well-known entrepreneur and vice president of Rock Solid, recently resigned from his post after 20 years at the San Juan-based software engineering company, News is my Business learned exclusively. Pérez, who officially stepped down on June 24, will stay involved with the company as shareholder. He will also remain as an […]
The Federal Emergency Management Agency (FEMA) announced the approval of nearly $90 million in low-interest Community Disaster Loans, known as CDLs, to assist the municipalities affected by the 2020 earthquakes in their long-term recovery. Twenty-five municipalities in the south, center and west of the island benefitted from this federal assistance, which ended on June 30. […]
The Steven Anthony Children’s Hospital (SACH) in Ponce recently raised $50,000 in the second Walk of Hope that toured 12 municipalities in the southern region. The effort got support from municipal governments, backers the organization who joined on the route to make their contributions, the Club de Leones de Puerto Rico and private company Pentac […]
With the goal to continue producing fresh consumer products and to comply with federal and local regulations, San Sebastián-based condiments manufacturer Doña Yiya Foods recently invested $50,000 to add SunBeat Energy storage equipment into its existing photovoltaic system. Management now feels that its production line will not be affected by any atmospheric event or power […]
The US District Court for Puerto Rico approved a $25 million settlement in Puerto Rico’s favor as part of a lawsuit the Commonwealth filed more than a decade ago against ExxonMobil Corp. and Esso Standard Oil Co. claiming the companies contaminated the island’s groundwater. The Commonwealth of Puerto Rico, through the Environmental Quality Board, filed […]
OFG Bancorp, the parent company for Oriental Bank, reported results for the second quarter ended June 30, 2021, that revealed diluted earnings per share of $0.78 compared to $0.56 in first quarter of 2021 and $0.39 in 2Q20. Total core revenues were $133.3 million compared to $127.7 million in first quarter of 2021 and $128.2 […]
The Puerto Rico Vector Control Unit (PRVCU) sponsored by the International Rotary Club and the Rotary Club of San Juan, and in collaboration with the Municipality of Culebra, announced it will begin a project to control the Aedes aegypti mosquito through a variety of community efforts. The initiative aims to control mosquitoes and prevent epidemics caused by the […]
The Puerto Rico Treasury Department and the State Insurance Fund Corp. (CFSE, in Spanish) will continue to offer services next week, when Gov. Pedro Pierluisi gave Wednesday, Thursday and Friday off to government workers. Monday and Tuesday are official holidays, so public sector employees are allowed to take the rest of the week as vacation […]
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 […]
Education, technology, and insurance were the aspects of resilience food sector leaders agreed are key in preparing for and overcoming future emergencies. Nonprofit organization World Central Kitchen (WCK), gathered leaders in the food industry from the Caribbean region this week for the panel discussion “Creating Resilient Food Systems in the Caribbean.” Panelists included Michael Pintard, […]
Three Puerto Rico-based nonprofits — CMV Casa sin Fronteras, La Maraña, and the Programa de Educación Comunal de Entrega y Servicio Inc. — will receive a combined $45,000 through the Airbnb Community Fund. The fund was created to distribute $100 million over 10 years to organizations that are strengthening communities around the world, including $10 […]
Ford Puerto Rico announced the open call for the 2021 Ford Environmental Grants program, which celebrates 20 years of promoting sustainability and accelerating the conservation of natural resources through the contribution of funds to community projects that positively impact the environment. This year, Ford Environmental Grants will distribute $40,000 to the winning projects. To participate, […]
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