With an investment of $1.8 million and the creation of 17 new jobs, GM Security Technologies recently inaugurated a state of the art Critical Incident Response and Replication Center to monitor, analyze and manage threats and new opportunities for clients.
Two government agencies, the Department of Transportation and Public Works and the Puerto Rico Telecommunications Regulatory Board, signed a collaborative agreement Tuesday to develop new broadband infrastructure that will initially be deployed in San Juan’s Santurce sector.
Credit ratings agency Fitch said Tuesday it believes that a restructuring of Puerto Rico Electric Power Authority's debt obligations remains likely, despite the forbearance agreements between PREPA and certain of its creditors (including bondholders) signed on Aug. 14.
Metropolis Apartments, a new, 185-apartment building in the heart of Hato Rey, was officially inaugurated Tuesday to offer social-interest housing opportunities for the next 30 years.
The Puerto Rico Science, Technology and Research Trust has earmarked close to $5 million for a grants program focused on proposals presented by scientists and researchers related to the development and research in the fields of natural sciences, biotechnology, aerospace technology, communication, medical innovations, electronics, clean and renewable energies and related sciences, Iván Ríos-Mena, acting executive director of the PRST, said.
SAP Caribbean Forum, an event focusing on technology and business in the region, will be held Aug. 28 at the La Concha Hotel in San Juan, when local and international entrepreneurs and experts affiliated with the software company will meet and present the latest advances and technologies aiming to usher in “a new era of efficiency and competitiveness.”
The Puerto Rico Electric Power Authority announced Thursday that discussions with its creditors have resulted in agreements that provide the agency with a “consensual path forward to improve its operations and financial situation.”
The Local Redevelopment Authority for Roosevelt Roads announced Thursday that eight groups submitted their statement of qualifications in response to a Request for Qualifications published in June seeking developers for some 3,000 acres of land at the former naval base in Ceiba.
Telecommunications provider Claro de Puerto Rico announced Thursday it has added sectors in Yauco, Utuado and Naranjito to its broadband network expansion project, benefitting some 40,000 homes and more than 1,780 families.
Following a two-year absence, Puerto Rico will once again be the host to a Hard Rock Café restaurant location, slated to open in December in the Condado area.
Puerto Rico automakers sold a meager 6,324 units last month, representing a 21.3 percent year-over-year drop and marking the sixth consecutive month the sector has seen a reduction in activity, the United Automobile Importers Group said Tuesday.
The Puerto Rico Industrial Development Company and the Site Selectors Guild announced Tuesday that Puerto Rico has been selected as the host city of the 2015 Site Selectors Guild Annual Conference.
H+K Puerto Rico recently acquired a license for the use of the Sysomos Media Analysis Platform, a research and analytics platform for social media and web-based news media.
The saga between Doral Financial Corp. and the Puerto Rico Treasury Department that began earlier this summer took another turn recently, when a local court ordered the parties to sit down and negotiate an agreement that would grant the bank a $229 million tax refund.
Popular Inc. announced Monday that Popular Community Bank, its U.S. banking subsidiary, completed the previously announced sale of its Illinois regional operations to First Midwest Bank, the wholly owned subsidiary of First Midwest Bancorp Inc.
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