During the last few years we have all been at times crushed by that uneasy feeling caused by this extended recession, and more recently by the passage of the Puerto Rico Oversight, Management, and Economic Stability Act ("PROMESA") of 2016, both of which continue to hover over our daily life as an unwelcome guest that has prolonged its visit longer than expected, refusing to leave.
Samsung Electronics Co., Ltd. announced Tuesday it is bringing mobile payment system Samsung Pay to Puerto Rico, supported by Banco Popular’s eligible credit cards.
The Puerto Rico Tourism Co.’s fourth annual “Summer is Easy” promotion is outpacing last summer's bookings, generating a 6 percent rise in participating partner room night sales in May and a 7 percent rise in June, versus the same months in 2015, the agency said Monday.
The U.S. House of Representatives approved Monday legislation authored by U.S. Rep. Nydia M. Velázquez (D-NY) to close a decades-old loophole that has caused significant financial losses for many Puerto Rican investors and retirees.
New car sales in Puerto Rico totaled 7,979 units in June, representing a growth of 3.8 percent over the same month in 2015, the United Automobile Importers Group (known as GUIA by its Spanish acronym), reported Monday.
The Puerto Rico Bankers Association is urging local citizens to help prevent fraud and financial exploitation in people who may be vulnerable, including the handicapped and the elderly.
Saying she “did the best she could with the tough hand that was dealt” and ending 12 years of public service, Puerto Rico Government Development Bank President Melba Acosta is stepping down from her post, effective July 31.
Puerto Rico Aqueduct and Sewer Authority Executive Director Alberto Lázaro confirmed Thursday the agency is waiting for the governor to sign the law that will allow it to pursue external financing to begin talking to creditors next month.
Two bond insurance subsidiaries of Assured Guaranty Ltd. have made some $205 million in debt service payments to holders of insured General Obligation and other bonds on which Puerto Rico and certain of its entities defaulted on July 1, the company announced Thursday.
The Puerto Rico Aqueduct and Sewer Authority has reached forbearance agreements with a number of federal and local government agencies to put off making payments for at least six months, according to filings submitted to the Municipal Securities Rulemaking Board on Wednesday.
For years it has been a customary practice to provide incentives to large foreign companies and chain stores that decide to land in Puerto Rico, from the very moment they plan to settle here.
OBALearn, an online learning company based in San Juan that provides training for the individual and corporate market in financial and cost management, has received the national certification as a Women’s Business Enterprise by the Women’s Business Development Council of Florida, a regional certifying partner of the Women’s Business Enterprise National Council (WBENC). “We’re proud […]
The Fundación Fondo Acceso a la Justicia Inc., a legal-assistance organization based in Guaynabo, is receiving more than $11.8 million from a Bank of America mortgage settlement with the U.S. Department of Justice and six states, said Eric D. Green, independent monitor of the Aug. 2014 case.
A consent judgment has been filed in federal district court ordering a Yauco coffee grower to pay $101,484 in back wages to more than 170 year-round farm workers and seasonal coffee pickers who the company underpaid between 2011 and 2014.
Employees at Luis Muñoz Marín International Airport, along with representatives from different airlines and members of the airport community, celebrated their 3rd annual FOD (Foreign Object Debris) Walk with the goal of cleaning up ramps and other areas where airplanes operate.
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