Puerto Rico’s private sector, represented by more than 20 organizations, on Thursday banded together to reject the proposed energy rate increases unveiled by the Puerto Rico Electric Power Authority this week.
The Caribe Health Summit, the most important medical tourism industry event of the Caribbean, will be held in Puerto Rico for the second consecutive year on June 9 at the Ritz Carlton Hotel.
Telecommunications provider Claro and Piloto 151 announced Thursday a partnership to provide Puerto Rico’s technological start-up community the infrastructure, mentoring and training needed for their growth, representatives for both companies confirmed.
Florida-based Consolidated-Tomoka Land Co. announced Thursday the pay off of its $14.5 million first mortgage loan secured by the Sheraton Old San Juan Hotel at a discount of approximately $218,000.
Agriculture Secretary Tom Vilsack will make his first official visit to Puerto Rico starting next Tuesday, when he will highlight the U.S. Department of Agriculture's ongoing commitment to addressing food security and rural opportunity in the Commonwealth.
The PROMESA Act (H.R. 5278), the bill aimed to address Puerto Rico’s debt crisis, passed in the U.S. House Natural Resources Committee Wednesday with bipartisan support from lawmakers.
The Marine Environmental Remediation Group, flanked by Puerto Rico government officials, announced Wednesday the agreement to establish a new ship recycling facility in the marine port of the former Roosevelt Roads U.S. Naval Base located in Ceiba.
Agro Tropical, Inc., a Puerto Rican start-up that produces sustainable high quality agricultural products, including vegetables and high performance seeds, emerged as the winner of the 11th edition of the “EnterPRize” business competition hosted by Grupo Guayacán Inc.
The Museum of Art and Design of Miramar (MADMi), a new museum and private nonprofit foundation in Puerto Rico located on Cuevillas Street in Miramar, will open its doors in early 2018, through an investment of some $5 million, property executives said Wednesday.
Codetrotters, the first hacker school in Puerto Rico and the Caribbean announced it has been selected among 20 global startups to join the world’s first startup decelerator, Menorca Millennials, among more than 400 groups that applied.
H.R. 5278, also known as the “Puerto Rico Oversight, Management, and Economic Stability Act,” which seeks to establish an Oversight Board to assist the government of Puerto Rico and its agencies in managing its public finances, will move for a vote by members of the U.S. House Committee on Natural Resources today, when nearly two dozen amendments will be considered.
Sartorius Stedim Biotech, an international supplier for the biopharma industry, announced Tuesday plans to invest $50 million in its plant in Yauco over the next five years, when it will create some 350 new jobs.
Puerto Rico consumers are spending 4 percent less on their groceries this year, in comparison to 2015, to $406 from $425 a month, representing the lowest out-of-pocket expenditure registered in the last decade, this year’s edition of the Puerto Rico Marketing, Industry and Food Distribution Chamber’s Consumer X-Ray study revealed.
Puerto Rico Gov. Alejandro García-Padilla on Monday unveiled a proposed budget for Fiscal 2017 of $9.1 billion, down $700 million from the original budget that was approved last year and $192 million less than the adjusted current budget.
Avara Pharmaceutical Services, which arrived on the island last year after picking up the assets of the former Merck plant in Arecibo, is marking its first year of operations with plans to expand production at the site, a high-ranking company official said this week.
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