U.S. House votes to close investor protection loophole
May 2, 2017
The U.S. House of Representatives voted Monday to close a decades-old loophole that has exempted financial institutions operating in Puerto Rico and the territories from the same investor protections that apply on the mainland.
chat_bubble0 Comment
visibility1669 Views
Congressional funding package includes $300M for P.R.
May 2, 2017
Puerto Rico Gov. Ricardo Rosselló confirmed Monday that Puerto Rico was included in the Appropriations package expected to be approved by Congress this week, which will guarantee $296 million toward the Medicaid shortfall, $3.3 million for the dredging works in the San Juan Harbor, and $750,000 to start working on the Martín Peña Channel.
chat_bubble0 Comment
visibility1912 Views
Bankruptcies down 23% in April; -12% year-to-date
May 2, 2017
The number of bankruptcy cases filed in Puerto Rico showed a steep decline last month. #NewsismyBusiness
chat_bubble0 Comment
visibility2479 Views
Loíza St. bustling with new small business activity
May 1, 2017
Amid the economic gloom currently pervading Puerto Rico, one bright spot stands in firm contrast: Loíza Street.
chat_bubble3 Comments
visibility3947 Views
Oversight Board certifies fiscal plans for 4 P.R. agencies
May 1, 2017
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.
chat_bubble0 Comment
visibility2245 Views
MIDA: Food retailers lose $116M to shoplifters in PR
April 28, 2017
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.)
chat_bubble1 Comment
visibility3108 Views
SME study: Online purchasing up 13% in Puerto Rico
April 28, 2017
Currently, some 807,000 people in Puerto Rico shop online and spend an average of $158 a year.
chat_bubble0 Comment
visibility4180 Views
Fine jewelry retailer Posh Haus opens in Paseo Caribe
April 28, 2017
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.
chat_bubble0 Comment
visibility3066 Views
Puma Energy upgrades aviation fueling processes
April 28, 2017
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.
chat_bubble0 Comment
visibility2585 Views
Ferries del Caribe to resume PR/DR service on May 3
April 27, 2017
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.
chat_bubble1 Comment
visibility4401 Views
EDB unveils new commercial loan guarantee program
April 27, 2017
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.
chat_bubble0 Comment
visibility2449 Views
Lendreams offers free workshops to establish a business
April 27, 2017
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.
chat_bubble0 Comment
visibility2101 Views
Claro opens new store in San Sebastián Plaza
April 27, 2017
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.
chat_bubble0 Comment
visibility2841 Views
Carrión to step down as Popular CEO after 26-year run
April 26, 2017
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.
chat_bubble0 Comment
visibility3127 Views
First BanCorp. report $25.5M net income for 1Q17
April 26, 2017
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.
chat_bubble0 Comment
visibility1616 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA