AGP Executive Report
Last update: 12 hours agoCo-op Growth in Puerto Rico: Puerto Rico’s cooperative sector added momentum in FY 2025-2026, reaching 499 active cooperatives and over $7.8B in assets, with new housing cooperatives marking the first additions in decades. Electricity Rates Watch: The Puerto Rico Energy Bureau ordered LUMA and Genera PR to explain updated fuel and purchased power projections after a sharp oil-price drop, with potential changes to the July–September 2026 rate factors. Fiscal Oversight: The Financial Oversight and Management Board certified a revised 2024 fiscal plan, warning that stability still hinges on stronger structural reforms and tighter adherence to spending and revenue assumptions. Banking & Payments Innovation: FV Bank announced an expanded regulated fintech platform that unifies stablecoin settlement, custody, programmable payments, and cross-border rails into one programmable layer. Local Business Performance: Marco’s Pizza Puerto Rico reported 3% sales growth early in 2026 and plans to open a new location in Mayagüez. Food Safety Recall: MorningStar Farms recalled select frozen plant-based nuggets and sausage patties sold in Puerto Rico due to possible plastic contamination.
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