Following President Barack Obama’s announcement of his intention to revisit the proposal to increase the federal minimum wage to between $9 and $10 an hour starting in 2015, the Puerto Rico Manufacturers Association on Thursday raised a warning flag over the possible effects the hike could have on local companies given the island’s economic situation.
Arcos Dorados, the company that operates the McDonald’s brand in Latin America and the Caribbean, announced the opening of three new restaurants in Puerto Rico that will generate a combined 240 jobs, Luis Raganato, regional director of Arcos Dorados said Thursday.
FirstBank, in partnership with transaction processing company EVERTEC, announced Thursday the start of a campaign to raise funds for nonprofit Ser de Puerto Rico, an organization dedicated to offering a variety of services to special needs children and adults.
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