Recent discussions of Puerto Rico’s debt levels by both Puerto Rico officials and the Financial Oversight and Management Board for Puerto Rico represent that the island’s per capita debt levels are far higher than the average per capita levels of mainland states in the U.S. mainland. However, that analysis compares only state-level debt and ignores […]
Following the partial shutdown of the U.S. government and its possible consequences on the financial responsibilities of its employees in Puerto Rico, FirstBank has launched an assistance program with solutions for loan and credit card payments. The financial institution is urging its clients to call to discuss payment options for personal and auto loans, and […]
By Mc Nelly Torres | Center for Investigative Journalism Johnny Santana moved to Puerto Rico in the early 1990s in search of a better life than the one he had in his hometown of Higüey in the Dominican Republic. He worked in construction, as a cook, and later delivering vegetables to restaurants, a job he’s […]
World Central Kitchen Puerto Rico unveiled an integral support platform to promote sustainable agriculture projects on the island, called “Plow to Plate.” The program, supported by World Central Kitchen — a nonprofit, non-governmental organization dedicated to fighting world hunger and poverty founded in 2010 by Chef José Andrés — offers financial support and training to […]
GM Security Technologies, a company dedicated to cybersecurity, governance and compliance solutions and services focused on managing digital risk, announced the acquisition of 1st Secure IT, a company specialized in auditing and certification of information security and fraud prevention. The financial terms of the transaction were not disclosed. This acquisition boosts the expansion of GM […]
The Puerto Rico Education Foundation, a nonprofit organization dedicated to providing resources for the strengthening, strategic innovation and transformation of local public schools, recently granted $2,000 to five schools through its “Lift your School” program. PREF opened a call in November so that Puerto Rico’s 856 public schools would present proposals for the development of […]
After three years of abandonment, the corner of Roosevelt Avenue and Teniente César González has a renewed purpose with the inauguration of Popeyes Louisiana Kitchen’s 17th restaurant in Puerto Rico. The 3,000 square-foot restaurant known for its Cajun-style cooking, is generating a mix of 50 full- and part-time jobs, and entailed an investment of $3.5 […]
The Special Claims Committee of the Financial Oversight Board for Puerto Rico announced that it and the Official Committee of Unsecured Creditors in Puerto Rico’s debt restructuring have filed an objection to more than $6 billion of Puerto Rico’s bonded debt. The objection asserts that the invalid debt was issued in clear violation of the […]
Nonprofit organization Espacios Abiertos exposed a number of “suspicious elements” of the proposed agreement to restructure the Puerto Rico Sales Tax Financing Corporation (known as COFINA by its initials in Spanish) debt, which U.S. District Court Judge Laura Taylor Swain will review this week. “We said it last year and we stand by it today,” […]
As part of its strategy to offer “modern and innovative” facilities for its clients, Popular announced the consolidation of its auto and leasing services at the former Doral building on Roosevelt Ave., the financial institution announced. Effective Jan. 19, the Popular Auto customer service division formerly located at Popular’s Altamira location, and Reliable Auto, formerly […]
Molina Healthcare of Puerto Rico will have access to the services offered by the Comprehensive Cancer Center Hospital, following a negotiation of an agreement that will benefit more than 1,000 patients. “Since day one, our goal has been to expand access and with the Molina/CCC agreement, we are now able to provide specialized cancer care […]
The Puerto Rico Linux Users Group Inc., a newly established nonprofit tasked with advocating the Linux open-source operating system, will hold its inaugural meeting Jan. 18 at Galería Paseos shopping mall. This is a free event, open to all interested, organizers said. “In the past there have been calls for local free software enthusiasts to […]
The Puerto Rico Institute of Statistics announced the establishment of a new section in its website that compiles a series of reports related to the social and economic impact of Hurricane María on Puerto Rico. The section entitled “Studies on the Economic and Social Impact of Hurricane María” is located in the Hurricane María link. […]
The Financial Oversight and Management Board for Puerto Rico recommended that the government take the necessary steps to transfer the rights and ownership of the Puerto Rico Public Broadcasting Corp. also known as WIPR, to a private, nonprofit entity. In a letter to Gov. Ricardo Rosselló, Senate President Thomas Rivera Schatz and House Speaker Carlos […]
The Puerto Rico Science Policy Action Network (PR-SPAN) and CienciaPR, the largest network of Puerto Rican scientists in the world, is echoing the concerns expressed by the American Statistical Association and the Association of Economists of Puerto Rico about recent appointments to the Board of Directors of the Puerto Rico Institute of Statistics and how […]
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