Puerto Rico Gov. Alejandro García-Padilla presented Tuesday a budget that includes about $1.4 billion in cuts, including the elimination of 23 agencies and about 100 schools, among other “rational uses of public funds.”
U.S. Bank, as joint lead arranger and administrative agent, closed on a $320 million loan for The Taubman Realty Group Limited Partnership to finance the development of The Mall of San Juan, a 650,000-square-foot shopping and entertainment complex in San Juan.
News is my Business, Puerto Rico’s first English-language digital business newspaper, recently became part of the Dow Jones & Company international news service, putting the world’s focus on the island’s economic landscape.
Oriental Financial Group reported Monday earnings of $20.3 million for the first quarter of the year, representing $0.42 per share diluted, compared to $16.6 million, or $0.35 per share diluted, in the preceding quarter, and $17.7 million, or $0.37 per share, in the first quarter of 2013.
The Federal Home Loan Bank of New York released Monday its unaudited financial highlights for the quarter ended Mar. 31, disclosing, among other details, net income for the quarter of $75.4 million.
Puerto Rico Lands Authority Executive Director Luis Rivero-Cubano recently told members of the Associated General Contractors that there are plenty of business opportunities for the sector to develop residential, tourism and commercial properties throughout the island.
As part of Mentor Month, the Puerto Rico office of the U.S. Small Business Administration and AARP Puerto Rico will conduct their fourth Mentor Day event today.
Meet Puerto Rico successfully launched, in Brazil, the new “Escape the Meeting Blah!” promotion at "World Travel Market Latin America," the main Latin American travel industry show, held annually in Sao Paulo, Brazil.
The Board of the Puerto Rico of Information Technology Cluster (PRITC), an organization dedicated to making Puerto Rico a global leader in the IT industry, recently unveiled its strategic plan and announced the actions it is taking to carry out its mission.
A year after making its local debut in Carolina, Famous Dave’s is opening its second BBQ restaurant in Bayamón today — a $2 million, 6,000 square-foot operation that will generate 275 jobs.
WASHINGTON — One year after Nicolás Maduro’s election as president of Venezuela — in a voting process the opposition claims was rigged and illegal — the hand-picked successor to the late populist Hugo Chávez faces a country in chaos.
In early April, the government of Puerto Rico disclosed the hiring of a New York law firm that has handled more than 30 sovereign debt restructurings, including those of Greece, Argentina, Iraq and Russia.
The Puerto Rico Products Association held its annual convention this weekend, when it unveiled its proposals for economic development as well as elected its new board of directors.
Puerto Rico will celebrate its third annual Puerto Rico Restaurant Week — a culinary event that gives diners the opportunity to sample the best restaurants on the island at special prices — from May 14-20, said Gustavo Antonetti, president of Kinori Group, the company that produces the event.
Puerto Rico is in hot pursuit of the wealthiest stateside investors, with the public and private sectors banding together to showcase the benefits — both legal and natural — that the island has to offer.
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