Puerto Rico new car sales dropped sharply year-over-year in October, when the industry sold 10 percent fewer units, the United Automobile Importers Group (known as GUIA by its Spanish acronym), said Thursday.
The Financial Oversight and Management Board for Puerto Rico opened a call Thursday for individuals and organizations to provide written comments on the government of Puerto Rico’s proposed fiscal plan.
The U.S. Small Business Administration (SBA) Office of Veterans Business Development announced Thursday a $300,000 funding opportunity for women and veteran-owned businesses through its Women Veteran Entrepreneurship Training Program.
Oriental Bank announced Thursday it has granted a $4.9 million to Grupo Quiñones to build a Selectos supermarket, which is already under construction.
Molinos de Puerto Rico, the Caribbean arm of Ardent Mills, the flour-milling and ingredient company, will host the XXXIV Annual Meeting of the Latin American Industrial Millers Association (ALIM) Nov. 13-16.
Seeking to increase financial knowledge and responsibility within low-income groups or communities through nonprofit organizations, FirstBank has partnered with the American Red Cross, United Way, and One Stop Career to create the Financial Education Program.
Puerto Rico Gov. Alejandro García-Padilla announced Wednesday his choice to fill the position of Revitalization Coordinator, picking Aaron Bielenberg from the three candidates proposed by the Financial Oversight and Management Board.
Colmena66, a new specialized network that offers entrepreneurs, merchants and organizations tools and referral services, free of charge, was unveiled Wednesday to help participants start and grow their businesses in Puerto Rico.
Puerto Rico based accelerator, Parallel18, announced Wednesday its third global open call for startups with the vision of expanding their businesses in the United States and Latin America.
As a preamble to San Patricio Plaza shopping center’s plans and new projects for 2017, the mall announced the arrival and remodeling of six stores and establishments.
The professional track record of the nominees named by the Financial Oversight and Management Board for Puerto Rico for the position of “Revitalization Coordinator,” Riz Shah, could present a conflict of interest were he to be appointed, a report by the Center for Investigative Journalism revealed Monday.
The Puerto Rico Commission for the Comprehensive Audit of the Public Credit sent a letter Monday to the Financial Oversight and Management Board for Puerto Rico outlining its work so far, including two preliminary audits that it hopes the federally appointed body will review.
The Federal Reserve Bank of New York will release findings of the “Puerto Rico Small Business Survey,” a pilot study that focuses on the business performance, financing needs and borrowing experiences of firms across the island.
A study released by the Puerto Rico Statistics Institute showed that Research & Development investments during Fiscal 2015 were $443.3 million, or to 0.43 percent of the island’s GDP. This represents a slight 1.3 percent drop compared to Fiscal 2013.
Puerto Rico’s internet adoption rate continues increasing, reaching 81.6 percent during the first quarter of 2016, Telecommunications Regulatory Board President Javier Rúa-Jovet said, citing statistics published by Akamai Technologies.
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