Puerto Rico’s retail sales for the month of January 2018 totaled $2.8 billion, representing a 6.7 percent growth when compared to the same period in 2017, when total sales were $2.6 billion.
A budget review published by the Institute for Energy Economics and Financial Analysis of the approved fiscal-recovery blueprint for the Puerto Rico Electric Power Authority (PREPA) concludes that the plan faces billions in financial risks that will hinder the transformation of the grid.
Liberty Puerto Rico has received the 2017 Speedtest Award for Puerto Rico’s fastest network internet provider based on analysis by Ookla of some 1.3 million speed tests carried out by island consumers during the last six months of 2017.
The Federal Emergency Management Agency recently awarded more than $194 million in additional Public Assistance grants for Hurricane María recovery in Puerto Rico.
As part of the effort to develop and promote best practices for greater energy efficiency in Puerto Rico, the Puerto Rico Energy Efficiency and Sustainability Alliance recently held its third annual energy savings and sustainability competition, the "Battle of the Buildings Puerto Rico — 2017 Edition.”
In an effort to expedite Puerto Rico’s full recovery following Hurricanes Irma and María, the MCS Foundation announced an alliance with Grupo Guayacán Inc. (GGI), a nonprofit dedicated to helping entrepreneurs in various stages of development.
Popular Inc. announced that, on May 22, its subsidiary Banco Popular entered into a Termination Agreement with the Federal Deposit Insurance Corp.
Motivated by a strong growth in sales, Forteza Caribbean Chocolate announced the expansion of the offer of flavors that make up the line of fine chocolate bars Forteza One Bar, supported by an aggressive strategy to increase the cultivation of cocoa beans in Puerto Rico to meet the local and international demand.
Walgreens will invest $35 million in recovery and expansion efforts in Puerto Rico, where it owns 108 drugstores, a number of which were severely damaged by Hurricanes Irma and María last year.
Two boutique hotels in San Juan and a third in Vieques have been included in separate Chapter 11 bankruptcy petitions filed this week by owner John Dennis-Brull.
Digital platform Facebook will organize a series of training events aimed at small and medium enterprises in Puerto Rico, Gov. Ricardo Rosselló confirmed.
Brad Dean, CEO of the island’s Destination Marketing Organization, will discuss the direction that promoting Puerto Rico will take to members of the Puerto Rico Hotel and Tourism Association during an industry luncheon May 31.
Research-based global biopharmaceutical company AbbVie will donate $100 million to two organizations, Direct Relief and Habitat for Humanity International, to strengthen access to healthcare and housing in Puerto Rico.
The U.S. Department of Housing and Urban Development announced the allocation of $151.5 million in annual funding to the housing authority in Puerto to help make needed capital improvements to the agency’s properties.
Revolution Precrafted is expanding into its ninth international market, signing an agreement with Grupo Cacho to supply more than 2,000 residential villas in Vieques and Cabo Rojo.
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