Banco Popular acts as agent Puerto Rico Tollroads, the operator of the island’s major toll highway concessions under Metropistas, has closed a $382 million bond issuance fully structured and purchased by Puerto Rico’s local banking sector, marking one of the largest locally financed transactions of its kind. The deal, led by Banco Popular as agent, […]

The U.S. Small Business Administration (SBA) announced the launch of the Patriot Pitch Competition, a national initiative designed to celebrate 250 years of free enterprise in the United States while spotlighting small businesses driving innovation, job creation and economic growth. The competition, part of the Freedom 250 initiative, will award a total of $1 million […]

EDGE Legal LLC announced the addition of Lauracelis Roques-Arroyo as partner leading the firm’s Litigation and Appeals practice

Autocare announced the opening of its second Charlie Boy Wash & Lube location in Bayamón as part of the company’s broader expansion strategy across Puerto Rico. The new facility, located at Plaza Río Bayamón along Road 177 in the Los Filtros sector, marks the first of two Charlie Boy locations the company plans to open […]

The proposal was presented last week Caribbean Transmission Development Co. (CTDC) confirmed Tuesday it has formally submitted an unsolicited proposal to the Puerto Rico Public-Private Partnerships Authority (AAPP) for the development of the Hostos Project, an international energy infrastructure initiative that would link Puerto Rico and the Dominican Republic through a high‑voltage direct current (HVDC) […]

LUMA Energy is proposing a credit program aimed at helping residential housing developers offset potential increases in construction costs tied to updated engineering standards required by the company, according to information reported by Metro Puerto Rico. Reinaldo Baretty Huertas, LUMA’s director of engineering standards, said the proposed credits would be tied to a project’s contribution […]

The Government of Puerto Rico and the Public-Private Partnerships Authority filed motions before the Puerto Rico Supreme Court as part of ongoing efforts to invalidate the extension of LUMA Energy’s supplemental contract, according to information reported by Metro Puerto Rico. The image was captured from LUMA Energy’s social media platforms.

The Financial Oversight and Management Board approved several battery storage contracts for the Puerto Rico Electric Power Authority aimed at strengthening grid reliability. In the image, workers repair an electrical facility in a photo shared on Luma’s social media platforms. (Image: Luma photo capture)

With a 15 to 9 vote, the Digital Assets Market Clarity Act or Clarity Act cleared the markup session vote at the Senate Banking Committee and is now headed to the full Senate.  While the primary fight between the banking industry and crypto sector was around what type of rewards can crypto exchange platforms offer […]

After months in committee, the Senate is poised to consider the Digital Assets Market Clarity Act, or Clarity Act, which seeks to create greater regulation for cryptocurrencies. The Senate Banking Committee announced a markup hearing for today, Thursday, May 14, at 10:30 am with the aim of holding a final debate on the bill and […]

After months in committee, the U.S. Senate is preparing to take up the Digital Asset Market Clarity Act, or Clarity Act, legislation aimed at establishing greater regulatory oversight for cryptocurrencies. The Senate Banking Committee announced a markup hearing scheduled for Thursday as lawmakers move toward a final debate on the measure, with a full Senate […]

Metro Puerto Rico reported growth in its digital audience reach in Puerto Rico

Sees software ecosystem flourishing Orlando Bravo’s initiation as an investor was the dot-com bubble burst of the early 2000s, which wiped out an estimated $5 trillion in stock market value. Sur­viving this trial by fire, to then go on to be­come the first Puerto Rican-born billionaire, has resulted in an optimistic but more tem­perate approach […]