Puerto Rico's largest bank is putting its money behind start-ups through an innovative program that is already generating some interest among entrepreneurs.
In a letter to Senate Republican leader Mitch McConnell, Nevada Senator Harry Reid on Tuesday called on Republicans to work with Democrats to address the deepening debt crisis facing Puerto Rico.
Puerto Rico Investment Summit organizers revealed Tuesday new additions to its lineup of speakers and panelists for its two-day event scheduled for Feb. 11-12.
Several retailers are ringing in 2016 by exiting the market, with the confirmed closings of several stores at The Mall of San Juan and throughout the island.
In the days since Assured Guaranty filed a lawsuit jointly with monoline insurer Ambac against the commonwealth of Puerto Rico over the constitutionality of revenue clawbacks, the parties have been defending their corners via public statements.
A group of representatives for Puerto Rican consumers, businesses, industries, and workers warned Sunday that the legislative approval of the Puerto Rico Electric Power Authority Revitalization Act will deliver “a mortal blow” to the island’s already critical economic situation.
A bill amending Law 62 of 2014 calling for an increase in government purchases from local small and mid-sized businesses from 20 percent to 30 percent starting this year has been signed into law, House Speaker Jaime Perelló announced.
Triple-S Management Corporation recently announced several changes within its executive staff.
The Puerto Rico Society of Certified Public Accountants will host a seminar on how the island’s economic scenario will affect the insurance sector, which is expected to take a hit from the government’s debt restructuring process.
New York-based Ambac Financial Group Inc. on Thursday filed a lawsuit to protect its rights against what it deemed the “illegal" clawback of certain revenue by the Commonwealth put into effect last month.
Bankruptcy filings were up 5 percent year-over-year in December 2015, when the number of Chapter 11 cases on record soared by 385 percent when compared to the same month last year, according to preliminary figures released Monday by research firm Boletín de Puerto Rico.
U.S. Customs and Border Protection (CBP) field operations officers announced Monday they completed the seizure of 10,000 counterfeit toy dolls arriving in a shipment from China to San Juan.
The government of Puerto Rico will make most of its $1 billion debt payment due Jan. 1, defaulting only on some $37 million of the amount, Gov. García-Padilla said Wednesday.
A depiction of Puerto Rico’s La Cueva del Indio in Arecibo will be included in the U.S. Postal Service’s 2016 stamp program that also comprises Star Trek, NASA’s New Horizons and Shirley Temple among the topics to be highlighted this year, the agency announced Wednesday.
Drops in electric power generation, gasoline consumption and cement sales kept Puerto Rico’s economic activity in negative territory in November, according to the Government Development Bank’s Economic Activity Index (GDB-EAI) released Tuesday.
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA