The Financial Oversight and Management Board for Puerto Rico on Friday approved and certified the fiscal plans of four covered territorial agencies: the Government Development Bank; Puerto Rico Highways and Transportation Authority; Puerto Rico Aqueduct and Sewer Authority; and Puerto Rico Electric Power Authority, with amendments.
Puerto Rico food retailers lose some $116 million as a result of shoplifting, inefficiency and negligence in managing inventory, employee theft or fraud, according to the "Portrait of the Food Industry" study released by the Puerto Rico Chamber of Food Marketing, Industry and Distribution (known as MIDA by its Spanish acronym.)
Currently, some 807,000 people in Puerto Rico shop online and spend an average of $158 a year.
With an initial investment of more than $500,000, Posh Haus is the new fine jewelry and design house that joins the ever-growing list of tenants that have already opened their doors in the commercial area of Paseo Caribe in San Juan.
Global fuel company Puma Energy, a provider of jet fuel and aviation gasoline in the Americas, announced the launching of “eAviation,” a digital solution that can handle the aviation industry’s high requirements more efficiently and accurately.
Ferries del Caribe executives confirmed Wednesday it will resume maritime transportation services of passengers, cars and cargo between Puerto Rico and the Dominican Republic on May 3.
Economic Development Bank President Luis Burdiel-Agudo unveiled Wednesday details of a new guarantee or insurance program for commercial loans to be provided by other financial institutions, including credit unions.
Nonprofit corporation Lendreams — the corporate brand of the Corporation for Business and Community Business Financing — will offer its “Practical Business Academy” during the months of May and June, the organization announced Wednesday.
Telecommunications company Claro recently inaugurated a new store at the San Sebastián Plaza mall, as part of its plan to grow its points of sale throughout the island.
Richard Carrión, who has been the face of Popular Inc. for the past 26 years, will step down from his post effective July 1, when he will become Executive Chairman of the Board of Directors of Popular.
First BanCorp. reported Tuesday net income of $25.5 million for the first quarter of 2017, or $0.11 per diluted share, compared to $23.9 million, or $0.11 per diluted share, for the fourth quarter of 2016 and $23.3 million, or $0.11 per diluted share, for the first quarter of 2016.
Oriental Bank announced Tuesday the second phase of its institutional campaign called “Vive,” a $1.5 million marketing and advertising effort that extends the theme that has identified the financial institution for the past several years.
A convention center, medical office buildings and condominiums, office buildings, retail space and other properties will be among more than 30 offerings in an upcoming auction of real estate in Puerto Rico.
The Financial Oversight and Management Board for Puerto Rico confirmed Tuesday it will hold its seventh public meeting in New York City on April 28, 2017 at 8:30 a.m.
Bajari — a new brand of locally produced, gourmet chocolate bars — have been added to the inventory at Walgreens, which will double the maker’s monthly production and may open doors for exporting to the U.S. mainland, company officials announced Tuesday.
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