Two Government Development Bank board members are stepping down from their posts, saying, among other things, that the recently approved Puerto Rico Emergency Moratorium and Financial Rehabilitation has restricted the scope of their authority to make important decisions.
Executives from Wendco de Puerto Rico, the franchisee of the Wendy’s restaurant chain on the island, announced Monday the reopening of its San Patricio location, which now includes the first Wendy’s Café in Puerto Rico.
A trio of executives known for their excellence in their respective fields has been appointed to key management slots in recent weeks to oversee Puerto Rico operations.
The Puerto Rico Telecommunications Regulatory Board has issued a fine against carrier Claro de Puerto Rico of more than $155,000 for apparent “cramming” practices in its wireless and bundled Internet services.
The U. S. Small Business Administration Puerto Rico and U.S. Virgin Islands district office has kicked-off the second Emerging Leaders training series on the island, announcing the companies selected to participate in the Class of 2016.
The Puerto Rico Science, Technology and Research Trust announced that three researchers and innovators were selected as finalists of the local edition for Singularity University Global Impact Competition.
A little more than a week after filing a motion for a temporary restraining order (“TRO”) against the Government Development Bank, a group of creditors owning Puerto Rico bonds confirmed Wednesday they have withdrawn their request.
Treasury Secretary Juan Zaragoza-Gómez confirmed Wednesday that net revenues recorded by the General Fund in March 2016 totaled $929.7 million, a $91.1 million increase compared to March 2015 net revenues, and $5.3 million below revised estimates.
The Puerto Rico Bankers Association said Wednesday the government’s decision to include Puerto Rico Electric Power Authority in the Puerto Rico Emergency Moratorium and Financial Rehabilitation Act could jeopardize the closing this year of the consensual restructuring support agreement.
The House Committee on Natural Resources released H.R. 4900, the “Puerto Rico Oversight, Management, and Economic Stability Act” (known as PROMESA), co-sponsored by Committee Chairman Rob Bishop (R-UT) and Rep. Sean Duffy (R-WI).
Puerto Rico has been included for the first time in the International Monetary Fund’s World Economic Outlook report released Tuesday, opening doors for future economic development, local executives in charge of representing the island before the entity said.
RocketFix Mobile, a Puerto Rican company that “seeks to become the mechanic for your cellphone” announced plans to have eight stores operating throughout the island next month, all inside Sears locations.
The U.S. Census Bureau announced Tuesday it plans to conduct a test census in selected areas within Puerto Rico beginning February 2017.
Baskin-Robbins announced Tuesday that Island Creamery Inc. has acquired more than 20 Baskin-Robbins shops in Puerto Rico, becoming the brand's new sole franchisee on the island.
A broad group of public and private-sector representatives from Puerto Rico are bearing down on Washington lawmakers this week, when a draft of the bill proposing an oversight board for the island is expected to be released and discussed during a hearing Wednesday.
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