Five weeks after Hurricane María pummeled Puerto Rico, about 72.6 percent of local bank branches, or 228, have resumed operations, according to data from the Office of the Financial Institutions Commissioner.
Puerto Rico’s fuel market has had to adjust rapidly to the dramatic rise in diesel fuel demand since Hurricane María struck on Sept. 20, which in the case of Total Petroleum is five times higher than prior to the storm.
As a way to contribute to Puerto Rico’s recovery in the wake of Hurricane María, Autopistas Metropolitanas de Puerto Rico (“metropistas”) investment partners Abertis and Goldman Sachs announced a $1 million donation toward hurricane relief efforts on the island.
Pharmaceutical company Amgen, which has a multi-building complex in Juncos, released third quarter results Wednesday, where it confirmed it is back to full operations five weeks after Hurricane María hit Puerto Rico.
As early as next week, Puerto Rico’s U.S. passport service office will resume operations, Resident Commissioner, Jenniffer González confirmed.
Grupo Ferré Rangel, a Puerto Rico-based family office known for its focus on high-growth companies, has launched a new wholly owned subsidiary, Kingbird Properties, to expand its real estate portfolio in the U.S. and Latin America, the company announced.
Airline carrier jetBlue will “temporarily redeploy” inbound leisure flying from Puerto Rico to other destinations, as the island picks up the pieces after the devastation left behind by Hurricane María.
Moody's Investors Service has placed the Ba3 rating on Sacred Heart University’s General Revenue and Refunding Bonds, 2012A on review for downgrade.
Puerto Rico's capital, San Juan, has been showcased as one of Lonely Planet’s “Best in Travel” Top 10 Cities for 2018, a positive for a city that is still dealing with the aftermath of Hurricane María.
Secretary of State Luis Rivera-Marín expressed his dissatisfaction Monday with the interruption in passport services the U.S. Department of State ordered, which forces Puerto Rico residents to request the service in Miami.
The Federal Housing Administration (FHA) is extending its initial 90-day foreclosure moratorium for FHA-insured homeowners impacted by Hurricanes Harvey, Irma and María for an additional 90 days due to the extensive damage and continuing needs in hard-hit areas, the agency confirmed.
The Puerto Rico Museum of Art, (MAPR as it is known for its initials in Spanish) is spearheading efforts to rescuing and preserving the island’s cultural heritage in the wake of the emergency Hurricane María has caused.
Puerto Rico’s retail sector stands to lose more than $8.4 million if power remains down for more than six months, the Retail Business Association warned Monday.
Puerto Rico has received more than $626.7 million in funding from the U.S. government in the past month to manage the emergency brought on by back-to-back storms Hurricane Irma and María, Resident Commissioner Jenniffer González said.
The Federal Emergency Management Agency (FEMA) has awarded more than $500 million for survivor assistance, emergency work, and debris removal following hurricanes Irma and María, officials announced Sunday.
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