P.R. credit unions have $486M in reserves to face losses
June 29, 2016
Due to the possibility of a government default on some $2 billion in debt service due July 1, Puerto Rico credit unions confirmed they have enough financial capacity to face the situation, with $486 million in reserves to face possible investment losses.
chat_bubble0 Comment
visibility4097 Views
Walmart introduces ‘Walmart Pay’ at local stores
June 29, 2016
With the goal of making the process of paying for purchases easier and quicker, Walmart Puerto Rico is introducing “Walmart Pay” – a fast, easy and secure way for customers to pay with their smartphones in Walmart and Amigo stores islandwide, starting today.
chat_bubble0 Comment
visibility6088 Views
Taco Maker to invest $1.5M annually in local beef
June 29, 2016
The owners of the Taco Maker franchise in Puerto Rico, FransGlobal, announced this week its decision to buy the more than 50,000 pounds of beef consumed monthly at its 90 local restaurants from island farmers, representing an annual investment of some $1.5 million.
chat_bubble0 Comment
visibility5736 Views
Moody’s: New surcharge ‘positive’ for PREPA creditors
June 28, 2016
Moody’s Investors Service said Monday the new surcharge on customers’ electricity bills approved last week by the Puerto Rico Energy Commission to be used to pay debt service on new securitization bonds to be issued as part of the Puerto Rico Electric Power Authority’s debt restructuring is positive for creditors.
chat_bubble0 Comment
visibility3130 Views
1st trade mission to Mexico in 12 years underway
June 28, 2016
Fusionworks Inc. closed its office in Mexico City earlier this year but that hardly means this Condado-based business and technology advisory firm is out of that market.
chat_bubble0 Comment
visibility3126 Views
CUD presidential aspirant urges lawmakers to scale back
June 28, 2016
The Puerto Rico Legislature should seek to reduce the increasing load of regulatory, administrative and tax obligations thrust on the island's small business sector, urged a candidate to the presidency of the United Retailers Association (CUD, as the trade group is known by its initials in Spanish).
chat_bubble0 Comment
visibility3682 Views
Help for delinquent mortgagors headed to Gov.’s desk
June 28, 2016
Mortgage holders behind in their payments just got some help from the Puerto Rico Legislature though the bill still needs Gov. Alejandro García-Padilla's signature.
chat_bubble0 Comment
visibility3187 Views
Sacred Heart Univ. gets $40K contribution from AT&T
June 28, 2016
Sacred Heart University announced it has received a $40,000 contribution from AT&T to support 39 undergraduate scholarships.
chat_bubble0 Comment
visibility3013 Views
Economists: Several aspects of PROMESA illegal, harmful
June 27, 2016
Members of the Puerto Rico Economists Association believe there are several aspects of the Puerto Rico Oversight, Management, and Economic Stability Act that are unconstitutional, saying the disruption they could bring to the island are “incalculable.”
chat_bubble0 Comment
visibility4550 Views
New Board of Directors named at 2 local organizations
June 27, 2016
The Puerto Rico Community Foundation and Association of Insurance Companies of Puerto Rico recently appointed new directors for its respective boards of directors.
chat_bubble0 Comment
visibility3523 Views
Toyota Foundation backs big ideas to help environment
June 27, 2016
For the 19th consecutive year, Toyota Foundation is accepting applications for its “Environmental Donations Program,” which provides funding to nonprofit entities that submit proposals aimed at environmental conservation.
chat_bubble0 Comment
visibility3815 Views
Lobbying for, against PROMESA heats up in U.S. Senate
June 24, 2016
Lobbying efforts both for and against the approval of the Puerto Rico Oversight, Management and Economic Stability Act (PROMESA) bill at the Senate gained steam in Washington Thursday, with public- and private-sector representatives making their case with U.S. Senators.
chat_bubble0 Comment
visibility5033 Views
WOSO founder Augie Cavallaro, II, dies at 85
June 24, 2016
Augustine "Augie" L. Cavallaro II, founder of WOSO Radio in San Juan, died on June 11, 2016 in West Palm Beach, Florida after a long battle with cancer. He was 85.
chat_bubble1 Comment
visibility7982 Views
USDA has $52M for new Rural Energy Savings Program
June 24, 2016
The U.S. Department of Agriculture announced Thursday the new Rural Energy Savings Program (RESP) program that that will help rural residents conserve energy and save money on their utility bills.
chat_bubble0 Comment
visibility3591 Views
Water rate hike looms as lawmakers clash on PRASA bill
June 23, 2016
A yet undefined increase on water rates for residential and commercial customers could come as early as mid-July, if lawmakers are unable to move a bill authorizing financing mechanisms for the cash-strapped Puerto Rico Aqueduct and Sewer Authority, agency officials said Wednesday.
chat_bubble0 Comment
visibility3544 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA