Bronx Borough President Ruben Diaz Jr. on Thursday sent a letter, in conjunction with more than 100 elected officials from across the nation, demanding immediate action from Congress to enact legislation that will allow Puerto Rico to enter bankruptcy.
The San Juan Passport Agency will reopen to the public for U.S. passport services beginning Aug. 17, 2015, at the Minillas Government Center, agency officials announced Thursday.
Puerto Rico will host the 5th edition of Caribbean Hotel Investment Conference and Operation Summit.
After hearing many stories of people and businesses that are leaving Puerto Rico to relocate to Florida with no idea of the resources available to them, the Puerto Rico Hispanic Chamber of Broward County will be offering a 3-hour orientation seminar on Sept. 9.
Although most insurance carriers in Puerto Rico maintain sufficient capital to support lower bond ratings given their adequate capital positions and manageable exposures to the Puerto Rico municipal bond market, there will be circumstances where rating actions may have to be taken, ratings agency A.M. Best said.
Retail activity is picking up at several local malls, with new store openings in San Juan, Caguas, Ponce and Barceloneta next month, this media outlet confirmed.
Financial inclusion is one action that can move a population out of poverty while driving economic growth that’s more inclusive, sustainable and fair.
The Federal Emergency Management Agency is allocating $10.1 million to Puerto Rico under four separate grant programs.
OppenheimerFunds and Franklin Advisers, which represent Public Finance Corporation bondholders, sent a letter to Puerto Rico government officials demanding that they take “all necessary actions” to make the $58 million payment missed this week.
The most recent edition of Aon Hewitt’s 2015 Trends in Global Employee Engagement report showed that 82 percent of Puerto Rico employees show on-the-job engagement, driven by factors such as recognition, career opportunities and salary.
The Chartered Alternative Investment Analyst Association inducted its first two members from Puerto Rico this week during an event led by the organization’s CEO, William Kelly.
Grupo Guayacán Inc. and Codetrotters Academy were among the 80 winners of the second annual Growth Accelerator Fund Competition announced Tuesday by the U.S. Small Business Administration.
The mountain town of Orocovis will become home to the future Nayara Toro Verde Hotel, a project that represents a $6 million investment and the arrival of the Nayara luxury hotel chain, exclusive until now to Costa Rica, the Puerto Rico Tourism Co. announced Tuesday.
Investors in Puerto Rico debt got double-whammied by the island’s government Monday, which missed a $58 million debt payment as it had predicted it would, and separately told creditors it has temporarily suspended monthly deposits to its General Obligation (GO) bonds redemption fund.
Texas-based Gila LLC, has been awarded an Electronic Toll Collection System operations and maintenance contract for the toll roads owned and operated by the Puerto Rico Highways and Transportation Authority and Autopistas Metropolitanas of PR, known as Metropistas.
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