The Federal Emergency Management Agency announced it has approved nearly $210 million in Community Disaster Loans for 51 Puerto Rico municipalities.
Aware of the importance of keeping the bank's operations functional in the face of natural disasters, FirstBank’s management recently trained some 150 employees, members of its Emergency Committee, with the "A resilient bank" seminar in an activity at the Puerto Rico Convention Center.
The U.S. Small Business Administration has entered into an agreement with the U.S. Department of Veterans Affairs, through its Vocational Rehabilitation and Employment program.
Popular Inc. reported a net income of $280 million and an adjusted net income of $121.3 million for the second quarter ended June 30, 2018, compared to a net income of $91.3 million for the quarter ended March 31, 2018.
Gov. Andrew Cuomo headed a delegation of New York government representatives, students and other volunteers to Puerto Rico, where the ‘NY Stands with Puerto Rico Recovery and Rebuilding’ initiative has cleaned, restored, and rebuilt 90 homes across the island.
Caribbean Produce Exchange Inc. announced a new commercial agreement with New York agribusinesses focused on the exchange of agricultural products.
Two bond insurance subsidiaries of Assured Guaranty Ltd. have filed an adversary complaint challenging the constitutionality of appointments to the Financial Oversight and Management Board for Puerto Rico.
Luis Muñoz Marín Airport officials, along with local and federal tourism and U.S. Customs and Border Patrol personnel, unveiled a new $6 million Federal Inspections Station at Terminal B of Puerto Rico’s main air traffic hub.
OFG Bancorp revealed that for the second quarter ended June 30, 2018, it had net income available to shareholders of $16.2 million, or $0.35 per fully diluted share, compared to the first quarter’s $13.5 million and $13.6 million, equal to $0.30 per share, for the second quarter of 2017.
Recently, the governor of Puerto Rico, Ricardo Rosselló, signed an education reform bill that will introduce charter schools to Puerto Rico for the first time in history.
Insurance company MCS has remodeled and opened the doors of its customer service center in Arecibo, recognizing the importance of being close to communities to ensure its services are more accessible.
Puerto Rico Gov. Ricardo Rosselló confirmed that the federal government, through the Federal Emergency Management Agency (FEMA), signed the agreement to have access to Community Disaster Loans.
FirstBank has made a donation to the Conservatory of Music's Música 100x35 program that will allow the students of Rafael López Landrón School in Guayama to participate in the Conservatory's system of children and youth orchestras and choirs in Puerto Rico.
A long-running practice in which Puerto Rico’s public utility bought low-quality oil at high-quality prices has been mostly ignored in Gov. Ricardo Rosselló’s privatization of the Puerto Rico Electric Power Authority (PREPA), the Institute for Energy Economics and Financial Analysis claimed.
Puerto Rico Gov. Ricardo Rosselló announced the appointment of José Ortiz as the new executive director of the Puerto Rico Electric Power Authority.
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