Contrary to what the government has been asserting over the past few months, the proposed budget for Fiscal 2015 will not be a balanced one because it is not factoring in sufficient appropriations to cover bond interest payments due, the Center for a New Economy said Wednesday.
Puerto Rico’s retail sector reflected positive year-over-year growth in March and April, when activity grew by 2.2 percent and 1.3 percent, respectively, Puerto Rico Trade and Export informed Wednesday.
In an effort to pull individuals out of their dependence on the government and improve the island’s food security issues, Gov. Alejandro García-Padilla announced Wednesday several amendments to the local Supplemental Nutrition Assistance Program that will allow more families to continue or start working at farms, without losing their benefits.
Doral Financial Corporation filed papers Wednesday appealing a decision by the Superior Court and asking the Puerto Rico Supreme Court to assume jurisdiction of the appeal.
In an effort to provide new and higher Internet speeds for a better value, Liberty Puerto Rico announced Wednesday the availability of high-speed broadband of 100Mbps download with 4Mbps for upload.
EMTA, a nonprofit trade group for the emerging markets trading and investment community, will sponsor a special seminar June 25 in New York to discuss the investment and reform risks and opportunities that the crisis in Puerto Rico has generated.
Aon, a risk management, brokerage, reinsurance, and human resources consulting and outsourcing services firm on Wednesday invited university students to participate in its college scholarship program, through the Puerto Rico Community Foundation.
Nearly six years after receiving $935 million from the U.S. Treasury through its Troubled Asset Relief Program, Popular Inc. announced Wednesday it has received the go-ahead from regulators to repay the amount.
The Office of the Commissioner of Financial Institutions, Puerto Rico’s banking watchdog, was left out of the talks leading to the agreement through which the Treasury Department approved a $229 million tax refund to Doral Financial Corp., the regulator said Tuesday during a House public hearing.
A.M. Best announced Tuesday it has upgraded Hato-Rey based Universal Life Insurance Company’s financial strength rating to A- (Excellent) from B++ (Good) and the issuer credit rating to “a-” from “bbb+.”
Oriental Bank and the Ana G. Méndez University System recently signed an agreement whereby the bank will provide management and advisory services to the institution on its 401K retirement plan.
The Pharmaceutical Industry Association of Puerto Rico and the federal Food and Drug Administration will host the FDA/PIA 12th Regulatory Meeting Thursday at the Ritz-Carlton San Juan, from 7:30 a.m. to 5 p.m, the trade group announced.
For the fourth year in a row, Triple-S was awarded the PlanSmartChoice Plus award, in recognition to the top 10 performing plans in the Federal Employees Health Benefits program, the insurer announced Tuesday.
The Puerto Rico Electric Power Authority’s chronic foot-dragging on allowing individuals and businesses to connect their renewable energy systems to the grid is causing the island to lose out on federal funding opportunities available from the U.S. Department of Agriculture’s Rural Development agency, this media outlet confirmed.
The United Automobile Importers Group (known as GUIA for its initials in Spanish) confirmed Monday that the downward spiral that Puerto Rico’s car industry has been on this year continued in May, when sales were down 6.7 percent year-over-year.
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