AGP Executive Report
Last update: 2 hours agoMunicipal Investment: Coamo is advancing 14 construction and infrastructure projects worth $18.3 million, including major upgrades to its coliseum and stadium, housing, roads and community facilities. Banking: OFG Bancorp reported third-quarter diluted earnings per share of $1.33, up 14.7% year over year. Its loan portfolio grew, though deposits slipped and net interest margin narrowed. Jobs & Economy: Puerto Rico’s unemployment rate rose to 6.2% even as payroll jobs increased; the fiscal board says the broader economy remains stalled despite billions in federal recovery funds. Manufacturing: PharmaEssentia plans a $46 million Puerto Rico plant, while a separate defense-related manufacturing investment is expected to bring $16 million to the island. Tourism & Infrastructure: Puerto Rico made National Geographic’s 2027 travel list, and Global Ports Holding plans a new cruise terminal at San Juan’s port. Business Services: Impact PaySystem has expanded payment processing to Puerto Rico and the U.S. Virgin Islands, with the British Virgin Islands next.
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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