Scotiabank Puerto Rico on Wednesday filed a complaint against the government of Puerto Rico to prevent the diversion and expropriation of certain tax revenue pledged as collateral to secure a loan the bank extended to the Metropolitan Bus Authority.
Grupo Martí, a family company based in the Dominican Republic, is looking to steer the Volvo brand of luxury vehicles back to the privileged position it had among Puerto Rico consumers several decades ago with significant investments and long-terms plans.
The U.S. Department of Labor announced Wednesday the funding of a $6 million National Dislocated Worker Grant initial award to the Puerto Rico Department of Labor and Human Resources to employ temporary workers to assist with recovery efforts after the Zika virus outbreak in the commonwealth.
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