AGP Executive Report
Last update: 3 hours agoBanking: First BanCorp. raised its quarterly dividend 25% and authorized $350 million in share buybacks, citing strong capital. Electricity: A UPR study found power costs rose about 37% in Puerto Rico from fiscal 2021 to 2026, versus 30% in the U.S., adding pressure on households and businesses. University: Boston Consulting Group Puerto Rico will study the University of Puerto Rico system’s sustainability and structure. Ports: San Juan Cruise Port is proposing a privately financed terminal costing more than $200 million; a separate $114 million plan would rebuild historic Pier 1, as current upgrades near completion. Tourism: A new Joyuda and Punta Arenas food route spotlights 35 Cabo Rojo businesses. Industry: Puerto Rico’s industrial development corporation unveiled a 10-year modernization plan, while PRAK Industries plans to invest $1.17 million in a uniform factory in Aibonito.
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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