Puerto Rico’s General Fund net collections fell short of projected estimates by $27.4 million last month, when the government collected $440.6 million, hit mostly by a drop in payments from corporations under Law 154, motor vehicle sales and individual payments.
Puerto Rico’s auto industry skid into its seventh month of sales losses in August, when activity was down 20.1 percent in comparison to the same month last year.
Men’s Wearhouse, one of the largest specialty retailers of men’s apparel in North America, had opened its first new store in the Plaza Carolina Mall. This store will be located in a 4,872 square feet space, on the top level next to J.C. Penney.
Ten successful Puerto Rican designers have joined forces under P.ERE, the island’s first national fashion brand, which will promote the growing fashion design market.
Metro Pavia Health System announced Thursday the start of its new $6.3 million growth and development plan for its medical facilities located in Puerto Rico’s north-central region with a groundbreaking ceremony for its future Metropolitan Office Building at the Hospital Metropolitano Dr. Susoni in Arecibo.
The accelerated rate at which Puerto Rico is losing population — particularly the younger, productive segment — is placing significant pressure on the island’s housing market, which continues to experience ongoing decreases in sales and rental activity.
Members of a newly formed nonprofit, non-partisan organization under the name Puerto Rico is the Answer has taken upon itself the task of actively help international investor prospects identify and set up attractive business ventures on the island, using fiscal autonomy as the cornerstone of the effort.
The board of directors of Banco Santander unanimously agreed Wednesday to appoint Ana Botín as its chair, following the sudden death of her father, Emilio Botín, who during his tenure steered the Spanish bank into one of the most relevant financial institutions in the world.
Kelly Services is celebrating its 50th anniversary in Puerto Rico, where it has placed thousands of individuals in temporary and permanent positions and made a significant financial contribution to the island’s economy since September 1964.
MMM Holdings, LLC and Metro-Pavía Health System announced a partnership Wednesday intended to optimize the services received by MMM and PMC members.
Doral Financial Corporation, the financial services holding company of Doral Bank, with operations in Puerto Rico and the U.S. mainland, announced Tuesday the sale of some $430 million in assets to Barclays Inc.
Oriental Bank, a subsidiary of OFG Bancorp, announced Tuesday it is beefing up its Internet and mobile banking services with the launch of “People Pay,” and adding the ability for clients to open accounts online.
The U.S. Department of Labor’s Occupational Safety and Health Administration has awarded the University of Puerto Rico Medical Science Campus $139,960 to provide safety training to temporary workers in both construction and general industries in Puerto Rico.
With the goal of stimulating the investment of national and foreign capital, a group of Puerto Rican experts in the fields of finance and economy have come together to create action-tank “Puerto Rico is the Answer,” to drum up investments for the island.
The Puerto Rico Tourism Co. announced Monday it has joined the World Tourism Organization to commemorate the annual “Tourism Month” celebration.
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