Top Local News Headlines

These are the top local news stories from News is my Business for Monday, June 17, 2019.

Oversight Board reaches agreement on framework to restructure $35B in debt

Published 17 June 2019, 5:05 am
Under the terms, holders of valid GO bonds will accept baseline haircuts of approximately 36%. Read More →

New car sales skid 3.1% in May, as demand for vehicles drops

Published 17 June 2019, 5:04 am
So far this year, the segments that lead growth are vans and SUVs with an increase of 28.4% and 16.4%, respectively. Read More →

JLL report says P.R.’s hotel industry bouncing back after back-to-back challenges

Published 17 June 2019, 5:03 am
The report also listed the island’s available incentives designed to foster and diversify overall economic growth. Read More →

36 Puerto Rican companies to participate in upcoming pre18 accelerator program

Published 17 June 2019, 5:02 am
One of the advantages offered by the program is that, at the end of the 12-week period, the 20 most outstanding companies go directly to the last phase of the selection process to enter the seventh generation (Gen.7) of parallel18. Read More →

JetBlue Foundation enlightens students about aviation careers at LMM Airport

Published 17 June 2019, 5:01 am
Students from different regions of the island visited JetBlue's Carolina operations from June 10-14. Read More →

San Juan Marriott Resort & Stellaris Casino’s owner hosts visit of Chinese investors

Published 17 June 2019, 5:00 am
The Marriott's owner urged potential stakeholders to invest in the island. Read More →

P.R. housing market on the mend after Hurricane María

Published 14 June 2019, 5:05 am
The Estudios Técnicos report reflects current improvement in the housing market and warns of industry challenges for the future. Read More →

Community Health Centers were lifesavers after hurricane, but gov’t didn’t count on them

Published 14 June 2019, 5:04 am
After proving their worth in the aftermath of Hurricane María, thanks to philanthropic support, health centers are now being considered in the government’s disaster recovery plan for funding. Read More →

PRIDCO reaches deal to restructure $165M in debt with bondholders

Published 14 June 2019, 5:03 am
The agreement is still subject to certification by the Financial Oversight and Management Board for Puerto Rico and approval by the U.S. District Court for Puerto Rico. Read More →

Dept. of Agriculture to require expiration date for imported, local egg starting in July

Published 14 June 2019, 5:02 am
Egg cartons must have the expiration date with the term “Use by” imprinted on them. Read More →

FirstBank’s 1Éxito program announces last day to apply

Published 14 June 2019, 5:01 am
Last year, FirstBank's 1Éxito program graduated 70 business owners who completed the on-site business training and strategic advice program. Read More →

Metropol restaurant opens its doors at the Luis Muñiz Marín Int’l Airport

Published 14 June 2019, 5:00 am
This new Metropol has "To-Go" take-away food service, which is a unique service for the chain. Read More →

Hotel room tax collections reach ‘record levels’ in April at almost $7M

Published 13 June 2019, 5:04 am
During the period from July 2018 to April 2019, the government has collected $60.9 million. Read More →

Famous Dave’s restaurants disappearing from P.R. market

Published 13 June 2019, 5:03 am
The chain will disappear from the local market, and will be transformed into Olive Garden eateries. Read More →

Truenorth tech solution for Treasury Department featured in IBM case study

Published 13 June 2019, 5:02 am
Truenorth helped implement the new system to help the Treasury Department recover from the hurricanes and provide the agency’s infrastructure with more resiliency. Read More →

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