The Puerto Rico Planning Board revealed that, according to estimates made in coordination with the Federal Emergency Management Agency, some 200,000 homes are located in flood-prone areas, as per flood maps for insurance rates.
The Puerto Rico Association of Insurance Companies, known as ACODESE, opted-out of Christmas festivities to use the budget allocated for that to help “deliver a bit of joy to the most vulnerable populations, particularly children and the elderly,” said organization Executive Director Iraelia Pernas. “We have given donations to the Hogar Niñito Jesús Foundation, the […]
Popular Inc. reported a net loss of $102.2 million for the quarter ended Dec. 31, 2017, compared to a net income of $20.7 million for the prior reflecting a non-cash income tax expense of $168.4 million due to the impact of the Federal Tax Cut and Jobs Act in the corporation’s U.S. deferred tax asset.
Assured Guaranty, a monoline insurer for Puerto Rico Electric Power Authority debt, reacted to the administration’s announced plans to privatize the utility by saying agreeing on an “on an experienced, highly qualified manager able to impose order, transparency and accountability” is long overdue.
The Yale Center for Clinical Investigation (YCCI) recently visited Puerto Rico Consortium for Clinical Investigation member clinical research sites to assess research-readiness post-Hurricane María, confirming the island is ready to continue its operations.
Following a challenging year for the auto industry, automaker Toyota is heading into 2018 with optimism, betting on the quality of its products and services and the trust of its customers, to defy the new year.
The Puerto Rico Bankers Association donated $1,000 on behalf of the Oklahoma Banks Association to the Food Bank of Puerto Rico.
FirstBank, through its Property Donation Program, announced the transfer of the ownership of 1,973 square meters of land in Rincón, to the Siembra Vida foundation.
The #OurPowerPR Solidarity Brigade launched by the Climate Justice Alliance, Organización Boricuá, UPROSE, Black Dirt Farm Collective, Greenpeace, Leap and 25 other partner organizations in the aftermath of Hurricane María, arrive in Puerto Rico this month with three new delegations and 45 people to support “Just Recovery and Rebuild” projects focused on food, labor and energy sovereignty led by grassroots groups in Puerto Rico.
Puerto Rico Telephone Co., which does business as Claro Puerto Rico, has asked the Federal Communications Commission to create $200 million emergency Universal Service Fund to help eligible companies restore services in insular areas affected by Hurricanes Irma and María.
Puerto Rico Gov. Ricardo Rosselló announced his administration will begin the privatization of the Puerto Rico Electric Power Authority (PREPA), which he described as “a deficient and obsolete system of generation and distribution of energy on the island that was evident to citizens during the aftermath of Hurricane María.”
Walmart and The Miami Foundation announced $4.9 million in grants to Mercy Corps to support Puerto Rico relief and recovery efforts in the continued aftermath of Hurricanes Irma and María.
Puerto Rico Institute of Statistics Executive Director Mario Marazzi questioned the government’s plans to consolidate that public agency with the sole purpose of outsourcing its services down the road.
Atlanta-based Southern Company announced that lineworkers and support staff from each of Southern Company's four electric operating companies — Alabama Power, Georgia Power, Gulf Power and Mississippi Power — were deployed to Puerto Rico over the weekend.
Puerto Rico Telecommunications Regulatory Board President Sandra Torres qualified as “successful and necessary” Gov. Ricardo Rosselló’s approval of a pair of aimed at strengthening telecommunications services on the island.
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA