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.
The Puerto Rico Chapter of the Associated General Contractors of America Chapter (AGC-PR) will host its 43rd annual convention and Expo Construcción at the Wyndham Hotel in Rio Mar Aug. 25-28, the trade group announced.
U.S. Agriculture Secretary Tom Vilsack announced Tuesday that the agency is accepting applications for funding to help support the development of advanced biofuels, renewable chemicals and bio based products.
The Federal Aviation Administration has assigned more than $1.1 million in funds to the Puerto Rico Ports Authority for improvements and equipment purchases at three Puerto Rico airports.
PR Business Link, an organization that caters to recipients of government incentives through Acts 20/22, on Monday launched a new “Tax Incentive Calculator,” an online tool to help entice new investors and businesses to Puerto Rico, which will bring new and increased business to local companies.
The U.S. Small Business Administration has released its Small Business Innovation Research online tutorials to help small businesses navigate the SBIR program, the agency announced.
Seeking to contribute to the discussion and the search for solutions to the problems the island is facing, the College of Architects and Landscape Architects of Puerto Rico will host a lecture entitled "Puerto Rico before the economy of uncertainty," by economist Francisco Catalá
WASHINGTON — In the past 12 months, it’s become fashionable to equate Puerto Rico’s fiscal meltdown with the recent Greek tragedy in which a proud nation of 11 million inhabitants nearly got kicked out of the 28-member European Union.
The research for new diagnostic methods and therapy for endometriosis, the development of genetic tools to assist in the preservation of the bees and new methods to mitigate problems of coastal erosion are some of the projects of the new group of Grantees of the Science & Technology Grants Program, of the Puerto Rico Science, Technology & Research Trust.
The construction of the University of Puerto Rico’s Comprehensive Cancer Center Hospital is nearing the home stretch, with more than 85 percent of it already completed and a target end date of October.
Plaza Provision Company, a food distributor in Puerto Rico, has purchased its fourth Thermal Energy Storage system from Viking Cold Solutions, and where installed, has reduced energy consumption by more than 30 percent, executives said Wednesday.
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