While insurers domiciled in Puerto Rico have maintained underwriting discipline and demonstrated favorable operating results and solid balance sheet strength, the competitive operating environment and economic challenges there will hinder their ability to grow over the near to medium term, according to a new A.M. Best briefing.
After nearly a year of litigation, the Center for Investigative Journalism on Thursday confirmed another legal victory in its battle against the Government Development Bank for Puerto Rico to gain access to information about the hedge funds that hold the Commonwealth’s public debt.
The Tech Summit 2016, the most important technological event in Puerto Rico and the Caribbean, returns for its fourth edition under the theme “The Strategy is Delivery.”
Puerto Rico Gov. Alejandro García-Padilla and members of the island’s private sector held meetings with key lawmakers in Congress, including U.S. House Speaker Paul Ryan, to discuss the bill that would address the Commonwealth’s fiscal crisis.
Driven by the need to contribute to the economic development of the island, DuartePino and SeriouslyCreative announced a new strategic alliance to help established companies reboot their strategies for business growth.
Puerto Rico is facing a severe fiscal crisis. Observers agree that the island’s public entities are unable to repay their debts on time and in full, making default and debt restructuring inevitable.
The Integral Agricultural Development Fund, known as FIDA in Spanish, received a $57,415 grant from the U.S. Department of Agriculture to be used to provide energy audits or renewable energy development assistance to farmers, ranchers, and rural small businesses.
Puerto Rico Gov. Alejandro García-Padilla met with a group of unidentified advisors to the Commonwealth’s creditors to communicate, first hand, the need for Puerto Rico reach a broad restructuring of its $70 billion public debt to sustainable levels, his office said Tuesday.
Publicis One, he global communications enterprise that unites all Publicis Groupe agency brands’ capabilities and expertise under one roof, announced Tuesday its new local leadership, headed by advertising industry veteran Erasto Freytes.
Grupo Guayacán, in collaboration with the Amgen Foundation, completed the first edition of its “STEM and Entrepreneurship” initiative aimed at high school students during an activity on Tuesday, crowing three teams of high schools students who participated.
After months of anticipation, H&M announced Tuesday the official opening date for its first store in Puerto Rico, located at The Mall of San Juan — on June 9th, 2016 at noon.
As many as 29 out of 562 U.S. municipal bond funds currently carry an exposure to Puerto Rican bonds greater than 5 percent, some with an estimated exposure approaching 50 percent.
Parallel18 announced Monday its call for applications for the second group of startups, each of which can receive $40,000 as a no-equity grant.
Liberty Business, Liberty Puerto Rico’s business division, on Monday launched its own corporate identity along with its dedicated website, logo and media campaign with the slogan “A tu medida.”
Puerto Rican food and beverage distribution company B. Fernández & Hnos. recently completed the installation of solar panels, which will generate 43 percent of the annual electricity consumption of the enterprise.
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA