The Puerto Rico Treasury Department disclosed Monday first quarter revenue of $1.69 billion, a figure that represents a year-over-year increase of $88 million, or 5.4 percent, and exceeded budget estimates for this period by $10.4 million, agency chief Melba Acosta said.
Various publications have recently highlighted Puerto Rico’s economic troubles as reflected in the municipal bond market.
Looking to promote the island as a world-class tourism destination, Senators Antonio Fas-Alzamora and Angel Rodríguez-Otero, along with Puerto Rico Tourism Company Executive Director Ingrid Rivera, announced Sunday the proposed celebration of the island’s 1st International Tourism Fair in about a year.
September is hunger awareness month and with that in mind, Walmart Puerto Rico recently donated a refrigerated truck to the Puerto Rico Food Bank, a nonprofit organization founded in 1988 to meet the food needs of socioeconomically disadvantaged children, the sick and needy.
The U.S. Commerce Department’s National Telecommunications and Information Administration this week awarded a $1.4 million grant to Puerto Rico under the State and Local Implementation Grant Program to help in planning for the island’s First Responder Network Authority, known as FirstNet.
The purchase of the long-shuttered Normandie Hotel by the Texas-based Interra Capital Group represents the company's first hotel property acquisition, said an executive close to the transaction.
The South Florida/Caribbean Council of the Urban Land Institute, a global nonprofit committed to providing leadership in responsible, sustainable and inspired real estate development, announced its 7th Annual Vision Awards last week, when the Dorado Beach, a Ritz-Carlton Reserve, was named “Project of the Year,” one of only two projects given this honor in 2013.
Ford Motor Company’s sales in Puerto Rico and the U.S. Virgin Islands increased in August by 4 percent over last year, led by a successful launch of the new Ford Fiesta, the automaker said recently.
The Polytechnic University of Puerto Rico and Huertas Junior College recently signed an agreement that will facilitate transfers of students enrolled in the latter’s associate degree programs to the former’s bachelor’s degree programs.
The Ashford Presbyterian Community Hospital, best known as the “Presby,” recently earned the “Mentor Hospital” distinction from the Health Research & Educational Trust, an affiliate of the American Hospital Association, the hospital announced.
Doral Bank announced Wednesday the 20 winners of this year’s edition of its “Despegue Empresarial” initiative — a component of its Mujeres d Éxito community program — through which it will assign a total of $700,000 to support the professional and economic growth of women in Puerto Rico.
The Puerto Rico Restaurants Association, known as ASORE, sponsored a seminar Tuesday on the recently approved Law 40, which has brought on a new set of taxes, and its impact on the industry.
Puerto Rico has made significant progress in addressing its financial challenges and continues to focus on taking aggressive action to achieve fiscal stability and promote economic growth, said Government Development Bank for Puerto Rico Acting President José Pagán, in response to a story by published respected weekly paper Barron’s.
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Ford Motor Company is offering Puerto Rican drivers an opportunity to win a vehicle equipped with the Ford-exclusive advanced technologies, as part of the second phase of its “Auto Remedio” marketing campaign.
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