USDA opens call for grants to help repair rural housing
May 27, 2015
The U.S. Department of Agriculture is seeking applications for grants to make housing repairs for low- and very-low income rural residents.
chat_bubble0 Comment
visibility3263 Views
HARP extension could help 9K Puerto Rico homeowners
May 26, 2015
More than 9,000 homeowners in Puerto Rico could save an average of $182 a month, or approximately $2,200 a year, on their mortgage loans as the result of the extension through 2016 of the Home Affordable Refinance Program and the Home Affordable Modification Program, federal authorities said this month.
chat_bubble3 Comments
visibility6039 Views
Panel ponders how to slash region’s high electricity costs
May 26, 2015
In the United States, electricity costs 10¢ to 12¢ per kilowatt-hour (kwh), while in Costa Rica, it’s 15¢ per kwh and higher in Honduras and Nicaragua, Central America’s poorest countries.
chat_bubble1 Comment
visibility4359 Views
USDA has $10.4M to expand rural econ. development
May 26, 2015
The U.S. Department of Agriculture recently announced it has some $10.4 million in funding available for grants to support rural community economic development.
chat_bubble0 Comment
visibility2406 Views
GDB president berates Moody’s’ latest credit downgrade
May 22, 2015
Government Development Bank President Melba Acosta came down hard on Moody’s Investors Service’s decision to downgrade the Commonwealth’s credit rating deeper into junk status by saying the move shows “ratings agencies are totally out of tune with what’s happening” in Puerto Rico.
chat_bubble0 Comment
visibility3973 Views
WorldNet, Microsoft bring ‘Skype for Business’ to island
May 22, 2015
Software giant Microsoft on Thursday announced it has certified locally-owned telecommunications provider WorldNet to offer the “Skype for Business” product, which extends to organizations and government entities a complete unified communications solution, combined with the security, expertise, and support that businesses require.
chat_bubble0 Comment
visibility3836 Views
García-Padilla presents $9.8B budget for Fiscal ’16
May 21, 2015
Puerto Rico Gov. Alejandro García-Padilla introduced Wednesday the measure paving the way for a $9.8 billion General Fund budget, and a $28.8 billion consolidated budget for Fiscal 2016.
chat_bubble0 Comment
visibility3034 Views
Microsoft marks 25 years in Puerto Rico, looks to future
May 21, 2015
Microsoft senior executives and government officials gathered Wednesday to celebrate the software giant’s 25th anniversary in Puerto Rico, a history marked by innovation and collaboration to accelerate the growth of the local IT industry and advance socio-economic development.
chat_bubble0 Comment
visibility5654 Views
Puerto Rico nonprofits create 16% of jobs, $2.2B wages
May 21, 2015
Puerto Rico’s nonprofit organizations have a positive economic impact on the island, producing 150,410 jobs — or 16 percent of all local employment — and some $2.2 billion in wages, according to a study presented Wednesday by the Foundations Network.
chat_bubble0 Comment
visibility4399 Views
Op-Ed: Puerto Rico’s energy ‘revolution’ marks birthday
May 21, 2015
A year ago, as Puerto Rico welcomed the signing of the Energy Transformation and Relief Act of Puerto Rico (Act 57-2014), I shared my sentiment of great enthusiasm with friends, by quoting the extraordinary anthem of the Beatles 1968 “Revolution.”
chat_bubble0 Comment
visibility3366 Views
’15 Nissan Murano earns ‘Top Safety Pick Plus’ rating
May 21, 2015
The Insurance Institute for Highway Safety awarded the 2015 Nissan Murano a “Top Safety Pick Plus” vehicle safety rating, which is the group’s highest available ranking.
chat_bubble0 Comment
visibility3193 Views
Credit unions rack up $1.3B in mortgage loans in 1Q15
May 20, 2015
The Public Corporation for the Supervision of Puerto Rico Cooperatives, or COSSEC as the entity is known in Spanish, said Tuesday that the island’s credit unions approved some $1.3 billion in mortgage and mortgage-related loans during the first quarter of 2015, for a combined portfolio of 18,385 financing agreements.
chat_bubble0 Comment
visibility3293 Views
Puma Energy buys BP’s aviation business in Puerto Rico
May 19, 2015
Puma Energy, the globally integrated midstream and downstream energy company, announced Monday it has signed a purchase agreement with BP to buy its local aviation business in Puerto Rico.
chat_bubble0 Comment
visibility4029 Views
Ruiz-Comas to step down from Triple-S helm in Jan. ’16
May 19, 2015
Puerto Rico managed care provider Triple-S Management Corp. announced Monday the retirement of Ramón Ruiz-Comas, its president and chief executive officer, effective Jan. 1, 2016.
chat_bubble0 Comment
visibility4119 Views
New retailers opening at Premium Outlets, other malls
May 19, 2015
Puerto Rico Premium Outlets in Barceloneta is adding several new retailers to its tenant mix in coming months, including new market arrival Forever 21 Red, the clothing company’s lower-priced sister.
chat_bubble0 Comment
visibility4517 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA