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Popular, Inc. headquarters in the Golden Mile of Hato Rey, Puerto Rico.. The bank was founded in Puerto Rico in 1893 when the island was still under Spanish administration. It was led in its early stages by Rafael Carrión Sr. and Don Manuel Muñoz Barrios, the latter of which was the company's first president and administrato
March 10 – 2024 Puerto Rico Republican presidential primary [2] April 3 – The United States Army Corps of Engineers begins dredging the San Juan Bay to open space for a new natural gas terminal that is expected to add $400 million to the local economy. [3] 5 May – Rains occur in Puerto Rico, where planes are landed in San Juan to reroute ...
The Bank was the brainchild of Governor Rexford Guy Tugwell, who signed Law 253 of May 13, 1942, creating the institution in charge of economic development for the Government of Puerto Rico. A subsequent law in 1945 expanded its responsibilities to include serving as the fiscal agent for, and financial advisor of, the government of Puerto Rico.
U.S. can break free of its dependence on China by rebuilding Puerto Rico’s pharmaceutical industry (Opinion by Carlos Roa, Miami Herald, Jan. 4, 2021) Don’t pretend statehood for Puerto Rico is the only choice. It’s not. Let all voices be heard (Opinion by Aníbal Acevedo-Vilá, The Miami Herald, February 1, 2021)
The Puerto Rico Aqueducts and Sewers Authority was established by Law 40 of May 1, 1945. [2]In 1995 the agency was privatized under the administration of governor Pedro Rosselló until 2002 under governor Sila María Calderón when the contract ended.
The Puerto Rican government-debt crisis was a financial crisis affecting the government of Puerto Rico. [a] The crisis began in 2014 when three major credit agencies downgraded several bond issues by Puerto Rico to "junk status" after the government was unable to demonstrate that it could pay its debt.
The economy of Puerto Rico is classified as a high-income economy by the World Bank and as the most competitive economy in Latin America by the World Economic Forum. [14] [15] The main drivers of Puerto Rico's economy are manufacturing, which primarily includes pharmaceuticals, textiles, petrochemicals, and electronics; followed by the service industry, notably finance, insurance, real estate ...
The Bank continued its growth and by 1961 it already had offices and branches in New York City. By 1989, it had the largest number of branches of any Puerto Rican bank in mainland United States [5] and was the largest Hispanic bank in the United States by deposits. [6] In 1990, Banco de Ponce merged with Banco Popular creating Puerto Rico's ...