This edition of Climbing the Corporate Ladder features executive appointments both on and off the island in areas of hospitality, technology and agriculture.
The Federal Reserve Bank of New York’s “Liberty Street Economics” blog will launch a blog series on Puerto Rico’s economy and factors that may be important for generating sustained growth starting Aug. 8, the agency announced Wednesday.
The fate of the Puerto Rico Government Development Bank should not be liquidation, but rather a refocus to return to promoting growth on the island, Interim President Alberto Bacó said Monday, the day he took on the job of steering the former public fiscal agent.
Puerto Rico’s bankruptcy levels showed a 4.4 percent drop last month, when the total number of companies and individuals who turned to the U.S. Bankruptcy Court for help totaled 818 cases, preliminary data released Monday by research firm Boletín de Puerto Rico showed.
Oriental Bank recently bestowed $32,000 to college students as part of its in-house scholarship program for employees' children, the bank announced Monday.
Economic Development and Commerce Secretary Alberto Bacó will take on an additional role in Gov. Alejandro García-Padilla’s cabinet effective today, when he starts as acting President of the Government Development Bank.
Puerto Rico-based AL Pizza LLC, announced plans to open its first Fame Pizza Company restaurant in Bayamón, near the Bayamón Oeste Shopping Center on Route 2, bringing the chain’s customized pizza to the island.
Aon Hewitt, the global talent, retirement and health solutions business of Aon plc, announced that it has more than 200 positions for full-time client services representatives for its call center in Puerto Rico.
Parallel18, a San Juan-based international accelerator for high impact innovative enterprises that want to scale their businesses from Puerto Rico, selected 33 startups that will move to the island for five months to accelerate their companies and learn from business and technology experts worldwide.
EVERTEC Inc. announced results for its second quarter ended June 30, 2016 Thursday, reporting a 5 percent growth in revenue to $97.7 million, compared with $93.4 million in the prior year.
The Puerto Rico Treasury Department collected some $9.1 billion in revenue for the General Fund during Fiscal 2016, exceeding Fiscal 2015 numbers by $214.4 million or 2.4 percent, agency Secretary Juan Zaragoza-Gómez said.
Las Vegas-based Allegiant airlines announced Thursday the start of nonstop service between Orlando Sanford airport and Luis Muñoz Marín International Airport starting Dec. 14, with four weekly flights.
Bonistas del Patio Inc., which groups Puerto Rican bondholders holding about $15 billion in Commonwealth debt, called Gov. Alejandro García-Padilla’s decision to sign a law to restruction the Government Development Bank’s outstanding debt “irresponsible and illegal.”
First BanCorp, the bank holding company for FirstBank Puerto Rico, on Tuesday reported net income of $22 million for the second quarter of 2016, or $0.10 per diluted share, compared to $23.3 million, or $0.11 per diluted share, for the first quarter of 2016 and a net loss of $34.1 million, or $0.16 per diluted share, for the second quarter of 2015.
Popular Inc., parent company of Banco Popular, on Tuesday reported net income of $89 million for the quarter ended June 30, 2016, compared to net income of $85 million for the quarter ended March 31, 2016.
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA