Assured Guaranty pays $42M to insured PR bondholders
January 5, 2017
Two bond insurance subsidiaries of Assured Guaranty Ltd., together with its subsidiaries, Assured Guaranty, have made interest payments to holders of insured General Obligation and other bonds after Puerto Rico and certain of its agencies failed to pay on Jan. 3.
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Private Sector Coalition presses Rosselló for labor reform
January 5, 2017
The Puerto Rico Private Sector Coalition on Wednesday revisited its quest for labor reform, asking Gov. Ricardo Rosselló to present necessary legislation to promote a new environment for employers.
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P.R. manufacturing index drops to 49.1 in November ’16
January 5, 2017
On a non-seasonally adjusted basis (NSA), the Purchasing Managers Index for Puerto Rico’s manufacturing sector edged down to 49.1 in November, suggesting a contraction in the sector with respect to the previous month.
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Gov’t releases RFQ for new strategic advisor, legal counsel
January 5, 2017
The new administration under Puerto Rico Gov. Ricardo Rosselló on Wednesday released a Request for Qualifications (RFQ), seeking a new strategic advisor and legal counsel to move ahead with restructuring the Commonwealth’s $68 billion debt.
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P.R. Econ. Dev. Chief sets off administrative measures
January 4, 2017
Puerto Rico Economic Development and Commerce Department Secretary-designate Manuel Laboy-Rivera said Tuesday given the island’s fiscal crisis, he has already begun implementing the economic measures set forth by Gov. Ricardo Rosselló this week.
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SBA launches InnovateHER, Aspire Challenge programs
January 4, 2017
The U.S. Small Business Administration announced Tuesday the launching of two programs — the 2017 InnovateHER: Innovating for Women Business Challenge and the Aspire Challenge.
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Gov. Rosselló signs 6 executive orders as he is sworn in
January 3, 2017
Gov. Ricardo Rosselló hit the ground running Monday, effecting six executive orders the same day he was sworn into his post as Puerto Rico’s 12th elected governor.
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P.R. retail sales jump $85.1M year-over-year in Sept.
December 30, 2016
Puerto Rico’s retail sales jumped by $85.1 million in September when compared to the same month in 2015, exceeding the $3 billion mark, Puerto Rico Trade and Export revealed Thursday.
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Plaza Las Américas Sizzler reopens after $1.5M revamp
December 30, 2016
Following a $1.5 million make over, the Sizzler casual dining restaurant located at Plaza Las Américas will reopen today, Carlos Trigo, president of Multisystems Restaurant confirmed Thursday.
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P.R.’s 1st medical cannabis pharmaceutical gets licensed
December 30, 2016
Puerto Rico’s first medical cannabis pharmaceutical company, IMC Corp., has been given the go-ahead to start operations in Ponce upon receiving its license from the Commonwealth’s Health Department.
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Gov-elect names ex-Telecom Board chief back to post
December 29, 2016
Gov.-elect Ricardo Rosselló on Wednesday re-appointed former Telecommunications Regulatory Board president Sandra Torres back to the post she held from 2009 to 2013.
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DCDB Group to offer enhanced services to P.R. banks
December 29, 2016
DCDB Group, a global financial services consultancy firm, and Elevation, the consulting arm of NACHA–The Electronic Payments Association, administrator of the U.S. ACH Network, have formed a strategic partnership.
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Oriental offers professional tips to 300 college students
December 29, 2016
As part of its corporate social responsibility program, Oriental Bank officials recently offered a lecture to about 300 students from the Universidad del Este (UNE) to provide them with tools and share best practices to take with them as they embark on their professional careers.
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PREPA makes $192.5M January bond interest payment
December 28, 2016
The Puerto Rico Electric Power Authority announced Wednesday the payment of $192.5 million in interest on its power revenue bonds due on Jan. 1, 2017.
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Report: U.S. jobs in most demand in finance, accounting
December 28, 2016
Job opportunities across the United States are mostly in the areas of finance and accounting, which during the 12-month period ended May 2016 registered a 99.5 percent employment level, according to a recent study by research firm Robert Half Technology.
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