Caribbean Restaurants Inc., one of the few companies able to resume business in Puerto Rico the day after Hurricane María, now has more than 75 percent of its 187 Burger King and Firehouse Subs restaurants on the island serving more than 120,000 customers daily from 6 a.m. to 11 p.m., said CEO Aniceto Solares.
More than half, or 57 percent of Puerto Rico’s bank branches islandwide are offering services, Puerto Rico Bankers Association Executive VP Zoimé Álvarez-Rubio said.
The government of Puerto Rico will go broke by Oct. 31 unless the U.S. Department of Treasury approves an injection of between $4 billion and $6 billion that the local Treasury Department has requested.
Hurricane María’s devastating impact on Puerto Rico could eventually ring positive for the island’s economy, which has been crippled by a 12-year recession and the recent catastrophic storm.
The Federal Emergency Management Agency (FEMA) is hiring local residents to assist in the disaster recovery effort in the aftermath of Hurricanes Irma and María.
The Federal Communications Commission’s approval of Google’s Project Look technology — which will enable fast recovery of telecommunications services in Puerto Rico — is a “leap forward” in the use of new technology to put the island back online, said Telecommunications Regulatory Board President Sandra Torres.
The Puerto Rico Housing Finance Authority confirmed that in the wake of Hurricane María, it agency will offer an automatic three-month moratorium on payments for single-family mortgage loans and the “Casa Mía” program through November.
In what could represent the first positive for Puerto Rico in its litigation with creditors and insurance companies over debt repayment, two monoline insurers — National Public Finance Guarantee Corp. and Assured Guaranty withdrew their complaints against the Commonwealth’s Fiscal Plan.
House Committee on Natural Resources Chairman Rob Bishop (R-UT) organized an informal roundtable this week so committee members could discuss the situation in Puerto Rico and the U.S. Virgin Islands after hurricanes Irma and María.
Eli Lilly and Company announced Thursday that a new shipment of commercial medicines, including more than 36,000 vials and pens of insulin, arrived in Puerto Rico.
Zayira Jordan of Guaynabo-based GuardDV has been included among this year’s 10 finalists of the U.S. Small Business Administration’s InnovateHER Business Challenge.
Destilería Serrallés Inc. said Thursday its work teams have been engaged in completing a rigorous assessment of the state of its Ponce facilities in Mercedita and Reparada after the passage of Hurricane María through the island.
Puerto Rico Premium Outlets in Barceloneta, will remain closed for the time being, while the administration works diligently to assess damages to the property caused by the effects of Hurricane María, company officials said.
Responding to the destruction of communications networks wreaked by Hurricane Maria in Puerto Rico and the U.S. Virgin Islands, the Federal Communications Commission today took steps to immediately provide up to $76.9 million to help restore service.
The School of Architects and Landscape Architects of Puerto Rico (CAAPPR in Spanish) and the School of Engineers and Surveyors of Puerto Rico (CIAPR) have partnered to deliver an “urgent” message about the importance of hiring professionals with technical expertise to build safe housing and structures to withstand the brunt of a Hurricane María-type storm.
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