The Office of the Commissioner of Financial Institutions announced the launch of an educational campaign to promote financial education at all levels. The initiative, which has the slogan “Sal a Flote” as its title, emerges as part of the efforts carried out by the agency known as OCIF for its initials in Spanish during “Financial […]
Gov. Ricardo Rosselló delivered his third State of the Commonwealth address Thursday, vowing to implement a number of measures to reposition Puerto Rico and support its recovery. During his speech at the Puerto Rico Capitol building, Rosselló explained the need of an agenda that looks firmly into the future. “The solution to the problems is […]
First BanCorp. reported net income of $43.3 million, or $0.20 per diluted share, for the first quarter ended Mar. 31, 2019, compared to $101.1 million, or $0.46 per diluted share, for the fourth quarter of 2018, and $33.1 million, or $0.15 per diluted share, for the first quarter of 2018. The fourth quarter of 2018 […]
A “business as usual” bond deal is about to be foisted upon Puerto Rico’s ratepayers and fledgling economy. It will result in a $400 million annual cash draw for at least the next 20 years. Think about wasting money on overpriced oil, political appointees and useless consultants over the last twenty years and then paying for […]
Delta airlines announced it will resume its once-weekly direct route between Detroit Metropolitan Airport (DTW ) and Luis Muñoz Marín International Airport (SJU) on Saturdays from Dec. 21 through May 2020. “We thank Delta for their trust and for remaining committed to growing its presence in Puerto Rico,” said Puerto Rico Tourism Company executive director […]
Puerto Rico has the opportunity to be a leader in the United States as it looks to enter the sports betting and online gaming market but needs to build upon their already strict regulatory structure that relies on suitable operators and a strong, experienced regulator that understands the existing legal market. Such were the findings […]
Puerto Rico will play host the 5th World Conference of Municipalities 2019 on May 10-12, a bi-annual forum organized by the U.S. Minority Chamber of Commerce. The three-day international conference will focus on the topic of economic, environment and urban development to be held at the Marriot Resort and Stellaris Casino in in San Juan. […]
Through executive order OE-2019-013 Puerto Rico Gov. Ricardo A. Rosselló shared with all government agencies and corporations his administration’s investment policy guidelines. The governor has charged the Fiscal Agency and Financial Advisory Authority (“AAFAF” by its initials in Spanish) with the responsibility of providing investment policy principles to each subdivisions and component of the government of […]
AAA — The Auto Club Group will join efforts to help Puerto Rico’s tourism industry, still recovering from Hurricane María, which devastated the island in 2017, the company announced. In May, AAA will sponsor a 3-day event, hosted by Tourism Cares, a nonprofit organization which unites the travel and tourism industry to benefit local communities. AAA […]
The Carolina municipal government has put an end to a 10-year-old legal fight with CH Properties for some 4 acres of pristine beachfront property, for which it paid $2 million, town officials announced. This resolution puts an end to litigation that will grant the municipality administration and maintenance of this part of the coast which […]
The Toyota Foundation opened its annual call for its Environmental Scholarships program that seeks to reward students seeking to become professionals in a field related to the environment — something it has been doing since 2005. The nonprofit awards scholarships to qualified students looking to contribute to the understanding and preservation of natural resources in […]
The Economic Development Bank for Puerto Rico got approved and will receive $1 million from the U.S. Department of Agriculture’s Rural Development office, EDB President Luis Burdiel announced. “This capital injection will be used to provide loans for small and medium enterprises in rural areas of the island to promote new job creation,” Burdiel […]
The American Psychological Association (APA) recently awarded Liberty Puerto Rico with its 2019 Psychologically Healthy Workplace Award, the provider announced. One of eight employers from across the United States and Canada received the distinction this year and Liberty won in the medium for-profit category, due to its efforts to “create a healthy, high-performing work environment,” […]
Cruise membership club company inCruises International announced its expansion into Puerto Rico, company officials confirmed. “We’re extremely pleased with our move to Puerto Rico, and we anticipate continued strong growth locally and with participation from all over the world,” said inCruises President Frank Codina. “inCruises business has seen incredible growth over the past three+ years […]
Trailer Bridge Inc., in partnership with Anderson Trucking Service Inc. (ATS), announced the charitable results of “Build 2019” presented by Rally por Puerto Rico, its inaugural charity golf tournament of customers, partners and local business leaders, held at the TPC Dorado Beach East Course. The one-day event was designed to maximize corporate giving and as […]
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