News is My Business – Business news for busy people.
3 days ago · “The findings of this report show us how these policies are disproportionately affecting restaurants, which already lead bankruptcies in the island’s commercial sector.. Although profit margins have declined, there is still room for growth, but we need a legislative environment that encourages growth, not hinders it.”
Genera PR ensures ‘swift use’ of $459M to enhance island’s power …
Nov 8, 2024 · The Puerto Rico power generation utility reaffirms commitment to ensure the “swift, transparent, and effective use of federal funds.” Genera PR, a subsidiary of New Fortress Energy, reaffirmed its commitment to collaborate with the new government to ensure the efficient use of a $459 million allocation from the Federal Emergency Management Agency (FEMA) to strengthen Puerto Rico’s energy ...
SaaS startup targets better financial health for Puerto Rico hospitals
Jan 2, 2025 · Equiply.io’s technology helps hospitals make smarter medical equipment investments and manage and optimize their use more effectively. A Ponce-based software-as-a-service startup is on a mission to improve the financial health of …
Popeyes opens 25th restaurant in Puerto Rico, in Fajardo
Nov 20, 2024 · Restaurant Holding Co. plans to invest $24 million to open 12 to 16 additional locations in 2025. Popeyes, the multinational fried chicken restaurant chain, has opened its 25th location in Puerto Rico at the Eastern Plaza Shopping Center in Fajardo.
Liberty Puerto Rico reports 12% revenue drop in Q3 to $308M
Nov 7, 2024 · Liberty Latin America CEO Balan Nair highlighted the local operation’s sequential growth in OIBDA. Liberty Puerto Rico reported a 12% year-over-year revenue drop to $308.2 million for the third quarter ending Sept. 30, compared to $351.2 million for …
A look ahead: Puerto Rico risks losing billions under new …
Dec 26, 2024 · The new Department of Government Efficiency (DOGE), an advisory body created by Trump to implement far-reaching structural reforms, will influence key federal agencies that play a significant role in Puerto Rico, including the Department of Housing and Urban Development (HUD), the Department of Transportation, the Department of Agriculture, and the Federal Emergency Management Agency (FEMA).
$41.7M Ceiba terminal project, new ferries to improve service
Oct 7, 2024 · Puerto Rico’s ferry fleet will expand with four vessels to improve service to Vieques and Culebra. As construction at the Puerto Rico ferry terminal in Ceiba continues, Josué Menéndez, executive director of the Integrated Transportation Authority (ATI, in Spanish), said in an interview with News is my Business that four more ferries will be incorporated into the fleet, with one vessel ...
Biogas project operators accuse Banco Popular of predatory lending
Nov 12, 2024 · Biomass Green Fuels is seeking $156 million in damages in its lawsuit filed with the San Juan Superior Court. A renewable energy venture meant to spearhead Puerto Rico’s transition to sustainable fuel has devolved into a legal conflict, with the developers of the Biomass Green Fuels (BGF) project accusing Banco Popular de Puerto Rico (BPPR) of predatory lending and fraudulent practices.
Johnson & Johnson MedTech invests $168M to expand Puerto …
Feb 13, 2024 · “Ethicon’s expansion in Manatí confirms the pharmaceutical industry’s confidence in Puerto Rico. This operation, where surgery, orthopedic, vision and surgical intervention solution products will be manufactured, will be led by a team of Puerto Rican professionals distinguished by their experience, knowledge and capacity in the …
‘Reimagined’ Ritz-Carlton in Isla Verde to reopen early next year
Aug 13, 2024 · The property has undergone more than $150 million in upgrades. The Ritz-Carlton, San Juan a sprawling beachfront property in Isla Verde, is expected to reopen in early to mid-2025, after nearly eight years, as a “reimagined” property inside and out following a more than $150 million investment in upgrades.