A.M. Best puts Cooperativa de Seguros Multiples de P.R.’s ratings ‘under review’
October 2, 2018
A.M. Best announced it has placed under review with negative implications the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of “a-” of Cooperativa de Seguros Multiples de Puerto Rico.
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Treasury announces non-applicability of SUT to certain donations continues
October 2, 2018
Treasury Secretary Teresita Fuentes confirmed that the agency’s Administrative Determination No. 17-19 regarding the non-applicability of the Sales and Use Tax (SUT) to certain donations continues in force.
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AT&T donates $5K to VI Children’s Museum reopening
October 2, 2018
The museum has been temporarily closed while it moves into its new, more prominent space in the Buccaneer Mall on Havensight Point in Charlotte Amalie.
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GAO report: Unreliable economic, limited labor data make P.R.’s situation difficult to assess
October 1, 2018
The U.S. General Accountability Office issued a report recommending that several U.S. agencies work to include Puerto Rico in more federal economic and labor data reporting, to make it easier to assess the commonwealth’s true problems.
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Ferry service between Ceiba and Vieques, Culebra to start Oct. 10
October 1, 2018
The service will be provided with four vessels leased from a private operator at a cost of $15 million for one year.
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P.R.’s General Fund revenue collections up 10.1% year-over-year in August
September 29, 2018
Net revenues collections for the commonwealth’s General Fund totaled $670.3 million in August 2018.
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SBA graduates 16 co.’s from 4th Emerging Leaders training series in P.R.
September 29, 2018
The U.S. Small Business Administration graduated 16 companies from its Emerging Leaders program in Puerto Rico.
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Tesla, Suez Group in short list of proposals for trio of P3 projects
September 28, 2018
The three projects went through the required evaluation process, as specified in the Public-Private Partnerships Act.
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How can you benefit from a certificate of deposit?
September 28, 2018
Do you know that a certificate of deposit (CD) have many benefits for you? Whether you want to save money or invest your money, a CD is a great option.
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NY Fed studies reveal growth in ‘micro revenue’ firms in P.R. post-hurricanes
September 28, 2018
In the year since Hurricane María struck Puerto Rico, the share of so-called “micro-revenue” firms generating $50,000 or less in profits increased.
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FEMA awards P.R. some $56M in federal grants
September 28, 2018
The Federal Emergency Management Agency confirmed it has awarded Puerto Rico nearly $56 million in grants to cover Hurricane María-related expenses.
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P.R. Science Trust restarts call for $2.5M grants program
September 28, 2018
Under the motto "Funds to grow," the Puerto Rico Science, Technology and Research Trust opened the call for two grant programs with $2.5 million available to boost the economy based on innovation, science and technology.
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Rock Solid Technologies awards 4 scholarships to UPR students
September 28, 2018
Rock Solid Technologies announced the winners of its 17th annual scholarship program, who are all University of Puerto Rico students who will each receive $3,000 to cover one year’s tuition.
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Ocean Lab Brewing Co. to reopen renovated restaurant on Oct. 1
September 28, 2018
The owners of Ocean Brewing Company Lab. announced the opening of its new and renovated restaurant, the gastronomic space for its microbrewery, on Oct. 1.
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Discover Puerto Rico completes 1st phase of Google Content Initiative
September 28, 2018
On World Tourism Day, Discover Puerto Rico, the island’s destination marketing organization announced that the first phase of the Google Content Initiative has been completed.
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