AGP Executive Report
Last update: 11 hours agoRestaurant Bankruptcy: To-Ricos is among the top 20 unsecured creditors of Encanto Restaurants, the former KFC and Taco Bell franchise operator that filed for Chapter 11. The Labor Department is also probing layoffs tied to the closures. Business Results: Liberty Puerto Rico added 6,000 postpaid mobile subscribers in the third quarter, though revenue fell 3% to $289 million; adjusted operating income rose 8%. Evertec reported a 24% revenue jump to $283 million, fueled partly by stronger payment activity in Puerto Rico. Energy and Economy: A gas supply disruption in Mexico has interrupted deliveries for San Juan power units that serve about 15% of the island’s electricity demand. Meanwhile, experts warn Puerto Rico’s economy is losing momentum, with another year of stagnation possible. Tourism: Hilton opened two San Juan hotels with a combined 257 rooms, adding capacity as the island courts more visitors.
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