Top Local News Headlines

These are the top local news stories from News is my Business for Monday, September 26, 2016.

Economy strangling P.R. nonprofits, United Way says

Published 26 September 2016, 5:01 am
In Puerto Rico’s embattled economy, everyone is at risk. Nonprofit organizations are no exception. Read More →

Online site gathers data for court auctions in P.R.

Published 26 September 2016, 5:00 am
Looking to provide economic alternatives and new solutions to Puerto Rico and to attract different markets interested in investing on the island, E&S Group Inc. recently launched the new digital platform EdictosySubastas.com. Read More →

Private sector: P.R. power grid needs ‘full overhaul’

Published 23 September 2016, 5:00 am
In the wake of the biggest blackout Puerto Rico has experienced in more than three decades, which has affected more than 1.5 million customers, members of the island’s private sector urged the powers-that-be to push forward with a complete overhaul of the electrical system. Read More →

UTC Aerospace Systems expanding presence in P.R.

Published 22 September 2016, 5:00 am
UTC Aerospace Systems, a unit of United Technologies Corp., announced Wednesday it is expanding its presence in Puerto Rico over the next three years with the establishment of an operations and supply chain business services center. Read More →

OFG Bancorp sells PREPA credit line for $124M

Published 21 September 2016, 5:04 am
OFG Bancorp announced Tuesday that its subsidiary Oriental Bank’s outstanding participation in a line of credit to the Puerto Rico Electric Power Authority (PREPA) has been sold, thereby significantly reducing its direct exposure to Puerto Rico government related credits. Read More →

Bayer inaugurates 2 development stations in Puerto Rico

Published 21 September 2016, 5:03 am
Life sciences giant Bayer inaugurated Tuesday two research and development facilities in Guánica and Sábana Grande, as part of an ongoing effort to contribute to the field of crop science, one of the company’s main business lines since it was established on the island 13 years ago. Read More →

Espacios Abiertos to publish control board documents

Published 21 September 2016, 5:02 am
Espacios Abiertos, a nonprofit organization that promotes transparency, announced Tuesday the creation of a website where it will post documents generated or published by the Fiscal Oversight Board. Read More →

FCCA: SJ convention will boost ’17 cruise-ship arrivals

Published 21 September 2016, 5:01 am
More than 900 people have signed up to attend the Florida-Caribbean Cruise Association’s 23rd annual Cruise Conference & Trade Show, set for Sept. 26-30 in San Juan. Read More →

Customs ‘Global Entry’ to be offered in St. Thomas Oct. 14

Published 21 September 2016, 5:00 am
U.S. Customs and Border Protection (CBP) announced Tuesday the availability of the mobile Global Entry enrollment center at the Cyril E. King Airport on Oct. 14. Read More →

OCIF: Puerto Rico banks could benefit from fiscal board

Published 20 September 2016, 5:04 am
Puerto Rico’s banking sector, which has been weathering the island’s economic storm for the better part of the last decade, could benefit from the arrival of the Fiscal Control Board, and the trust it could instill on future investors, Financial Institutions Commissioner Rafael Blanco said. Read More →

EVERTEC enters new phase with fresh identity, culture

Published 20 September 2016, 5:03 am
Transaction processing firm EVERTEC is entering a new phase as it looks to accelerate growth and expand its footprint even further into Central and Latin America, as one of Puerto Rico’s most dynamic technology firms. Read More →

A.M. Best affirms B++ rating for Multinational Life

Published 20 September 2016, 5:02 am
Multinational Life Insurance Company announced Monday that A.M. Best, the international rating firm for the insurance industry, has affirmed the insurer’s B++ rating and revised the company’s “Long Term Issuer” credit rating from stable to positive. Read More →

Op-Ed: What we can do for ourselves to boost economy?

Published 20 September 2016, 5:01 am
Everybody is “waiting” for the Fiscal Control Board in hopes that it will “give” us something. It remains to be seen which programs they would implement, etc. But why can’t we do something for ourselves? Read More →

SBA opens call for ’17 Nat’l Small Business Week nods

Published 20 September 2016, 5:00 am
The U.S. Small Business Administration announced Monday it is now accepting nominations for its 2017 National Small Business Week Awards, including the annual Small Business Person of the Year. Read More →

Mesón Sandwiches expanding in Central FL through ’17

Published 19 September 2016, 5:05 am
Mesón Sandwiches, a Puerto Rico-based fast casual restaurant that marries the flavors of the Caribbean with an American staple, will open this week its third Central Florida location at the Premium Outlets Vineland in Orlando. Read More →

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