The Private Sector Coalition and representatives of 17 labor unions signed a “historic” Memorandum of Understanding to collaborate with and support federal initiatives that spur socioeconomic development in Puerto Rico.
First Bancorp’s recently completed $525 million capital raise will enable it to be “more aggressive” in resolving its problem loans and putting itself back on the path of profitability, research, trading and investment banking analyst firm B. Riley said Monday.
Metropistas, the consortium of companies that is now running PR-22 and PR-5, will use the public-private partnership agreement established with the government as the model to possibly secure similar deals in the U.S. mainland, company officials said Monday.
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