The U.S. House of Representatives voted Monday to close a decades-old loophole that has exempted financial institutions operating in Puerto Rico and the territories from the same investor protections that apply on the mainland.
U.S. Congressional Committees moved Thursday to close a decades-old loophole that critics say has caused significant financial losses for many Puerto Rican investors and retirees.
Grupo Guayacán Inc. (GGI) kicked off SPRINGBOARD this weekend, its newest entrepreneurial development offering and the first program in Puerto Rico geared at preparing local start-ups to raise early stage capital in order to grow their ventures, the seed funding firm confirmed.
Local company Gasolina Móvil and Spanish Human Resources solution Talentank were two of the startups recognized for their pitches to investors during international accelerator Parallel18’s first Demo Day, held recently.
In a new report released Thursday, Moody’s Investors Service addressed investor questions regarding the implications of the recently enacted Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA) on the U.S. municipal bond market.
The House Committee on Financial Services approved Thursday legislation authored by U.S. Rep. Nydia M. Velázquez (D-NY) to close a decades-old loophole that has caused significant financial losses for many Puerto Rican investors and retirees.
Looking to cater to a growing number of investors who are discovering the benefits Puerto Rico offers through the Tax Incentives Program promoted by Laws 20 and 22, Banco Popular de Puerto Rico announced Monday the opening of its new Investor Services Hub at Popular Center in San Juan.
The Government Development Bank has contracted New York-based Bondholder Communications Group, LLC to develop a communications database of information regarding bonds issued by the government and their value, a report by the Center for Investigative Journalism released Wednesday confirmed.
Grupo Guayacán held capacity building workshops for angel investors over the weekend, offered by Troy Knauss, vice president of the Board of Trustees of the Angel Resource Institute.
Former New York City Mayor and President of Giuliani Partners, Rudy Giuliani, will act as keynote speaker at the 2015 Puerto Rico Investment Summit, slated for Feb. 26-27 at the Puerto Rico Convention Center.
Renowned Investor and Principal Managing Partner of Pabrai Investment Funds, Mohnish Pabrai, will act as speaker at the 2015 Puerto Rico Investment Summit, organizers announced Wednesday.
A renewed slide in investor confidence, on the heels of worsening economic and budgetary trends in Puerto Rico, raises the specter that in the absence of enlightened political leadership in San Juan, the U.S. Congress may soon have to establish a federal oversight board to manage the Commonwealth’s grave fiscal situation.
WASHINGTON — Move over, Asian tigers. It looks like the four so-called “Pacific Pumas” — Chile, Colombia, Mexico and Peru — have become the latest darlings of the investor crowd.
The Guayacán Venture Accelerator will select 10 local companies next month to participate in advanced executive education and feedback from local and international investors to support their expansion within and outside of Puerto Rico. The GVA program is run by Grupo Guayacán Inc., a nonprofit Puerto Rican venture capital fund manager.
The Government Development Bank will be hosting a “Puerto Rico Investor Day” event in New York next week, to give backers a one-on-one opportunity to meet with senior members of the island’s fiscal team.
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