The Puerto Rico Treasury Department said Friday that collections for December 2014 totaled $854 million, or $71.2 million less than the same month in 2013, and $64 million below projections.
Puerto Rico Gov. Alejandro García-Padilla signed Thursday the law that approves a 68 percent increase in the excise tax over crude oil and its derivatives to $15.50 from $9.25 per barrel, expected to take effect immediately.
Doral Bank, a wholly owned subsidiary of Doral Financial Corporation, announced Thursday the completion of the sale of of certain loans, advances, mortgages, and loan participation rights to WOMF REV, LLC, which will shore up $181.3 million in cash for the troubled financial institution.
The Puerto Rico Agriculture Department announced Thursday it has received $720,000 from the Natural Resources Conservation Service to protect and preserve the lands belonging to the Yabucoa Valley Reserve in that eastern town.
The Puerto Rico Planning Board released Wednesday the draft of the much-awaited Land Use Plan, which seeks to establish public policy for sustainable development on the island for the next decade.
Puerto Rico’s thriving and diverse mobile device user base and presence of international wireless carriers appears to have been the key factors to convincing one of the world’s largest technology developers, Google Inc., to launch a smartphone pilot program that could thrust the island into the international spotlight.
Aurelio Alemán, president of First BanCorp, announced the appointment Wednesday of Donald L. Kafka as executive vice-president and chief operating officer.
The governments of Puerto Rico and the Dominican Republic signed Tuesday a series of bilateral agreements that seek to promote economic, academic, scientific, security, and cultural experiences between the two islands that share deep historical ties.
Banco Popular announced Tuesday the launch of a new feature in its mobile banking system that allows customers to access their accounts using their fingerprint.
Doral Financial Corp. told the Securities and Exchange Commission Monday that the revised capital restoration plan submitted to the Federal Deposit Insurance Corp. last week was rejected for failing to “meet the criteria.”
For the seventh straight year, Massachusetts Mutual Life Insurance Company, known as MassMutual, will offer $150,000 in scholarships to high-achieving college students across the country, including Puerto Rico.
Wovenware, a local software development company, will invest some $250,000 to expand its local operations and create 40 new jobs over the next two years, executives announced Monday, flanked by high-ranking Puerto Rico government officials.
Raine de Puerto Rico, a subsidiary of Indiana-based Raine Inc., has established new operations in Mayagüez, through a $920,000 investment that will create 10 jobs, company and government officials announced.
Puerto Rico's islandwide tourist map publisher, TravelMaps Inc., announced the purchase of the San Juan Guide, a locally owned pocket-sized guide with a 40-year history.
Bankruptcy filings were down 20 percent year-over-year in December, when a total of 839 cases were filed, according to preliminary figures released Thursday by research firm Boletín de Puerto Rico.
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA