AGP Executive Report
Last update: 12 hours agoPayments: Evertec reported third-quarter revenue of $283 million, up 24% year over year, as Puerto Rico payment volumes and ATH Móvil Business transactions grew. Power Costs: Electricity remains a major strain: rates average 26.9 cents per kilowatt-hour, up 37% from 2020, with service quality still a concern. Fuel Supply: NFEnergía activated contingency measures after a mechanical failure in Mexico disrupted gas deliveries for San Juan units that supply about 15% of the island’s electricity; the company is exploring alternative sources. Infrastructure: Puerto Rico opened a tender for a Mayagüez submarine-cable landing station designed to support up to four systems, creating a potential platform for future connectivity investment. Business and Jobs: KFC and Taco Bell outlets remain closed as Yum! seeks a new Puerto Rico franchise partner; the governor has ordered assistance for affected workers. Economic Outlook: Experts warn Puerto Rico’s economy is losing momentum and could face another year of stagnation. Tourism: Hilton opened two San Juan hotels with a combined 257 rooms, adding capacity to the island’s visitor market.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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