Business

Puerto Rico has overhauled its insurance‑sector regulatory framework with the signing of Law 111‑2026, a measure that imposes new financial‑reporting obligations on insurance companies, expands the supervisory powers of the Office of the Commissioner of Insurance (OCS), and shields key regulatory filings from public disclosure. Governor Jenniffer González Colón signed the legislation this week, positioning […]

San Juan — The Puerto Rico Fiscal Oversight and Management Board (FOMB) has ordered mayors to halt enforcement of two recently enacted laws that would allow municipalities to collect construction excise taxes on projects funded with federal dollars — warning that the move could jeopardize the island’s standing with Washington as a reliable steward of […]

Oriental launched today a refreshed brand platform and campaign aimed at sharpening its competitive position in Puerto Rico’s banking sector, where digital adoption, customer expectations, and fintech pressure continue to reshape the market. The campaign, built around the message “El punto eres tú,” is part of the bank’s effort to reposition itself as a digital‑first […]

The Department of Economic Development and Commerce (DDEC) and the Puerto Rico Chamber of Commerce (CCPR) unveiled a new edition of the Manual de Exportación de Puerto Rico on Wednesday, presenting the guide during the opening day of the Chamber’s annual convention. The publication aims to expand the island’s export capacity by providing businesses with […]

New York- The global personalized cancer medicine market — encompassing precision diagnostics and mutation-targeted therapies — is on track to nearly triple in size over the next decade, reaching $279.87 billion by 2034 from $95.23 billion in 2024, according to a new report from Zion Market Research. The sector is projected to expand at a […]

San Juan- OpenAI — the company behind ChatGPT — has filed a confidential S-1 registration statement with the U.S. Securities and Exchange Commission (SEC), setting the stage for a potential initial public offering (IPO). The company confirmed the filing publicly, saying it moved proactively because it anticipated a leak. “We recently submitted a confidential Form […]

Miami, (EFE) — Barron Trump, the youngest son of President Donald Trump, has launched a yerba mate beverage brand called SOLLOS in Florida — a name inspired by the Spanish word for sun — priced at $39 for a 12-pack. The company is headquartered in Palm Beach, home to the president’s Mar-a-Lago club, and was […]

San Juan — Most Puerto Rico consumers have cut their monthly spending, one in three is considering leaving the island, and a notable share has turned to GLP-1 weight-loss drugs — findings from the “Radiografía del Consumidor 2026,” a consumer study released by the Chamber of Marketing, Industry and Food Distribution (MIDA). “We are seeing […]

Evertec is investigating a cybersecurity breach that exposed payment‑card data belonging to customers of several Puerto Rico financial institutions after an unauthorized party accessed information stored on a third‑party platform the company uses to monitor system performance. In a statement, the company said it detected the intrusion on May 13 and immediately activated its incident‑response […]