AGP Executive Report
Last update: 11 hours agoFood Assistance: Puerto Rico and New York food banks are urging Congress to strengthen SNAP and extend the program to the island, where food insecurity remains a concern. Energy Market: Casa Pueblo’s proposal would let rooftop solar owners sell surplus power for 7 to 8 cents per kilowatt-hour. Separately, a gas supply disruption in Mexico threatens fuel for two San Juan power units, which serve about 15% of the island’s electricity demand. Business Results: Evertec reported third-quarter revenue up 24% to $283 million, with higher payment volumes in Puerto Rico. Liberty Puerto Rico added 6,000 mobile subscribers, though revenue fell 3% to $289 million. Restaurants: KFC and Taco Bell’s Puerto Rico operator filed for bankruptcy; To-Ricos is among its major unsecured creditors, and the Labor Department has opened a probe into layoffs. Investment and Outlook: Aman plans its first Puerto Rico resort in Cabo Rojo, while Hilton has opened two San Juan hotels with 257 rooms. Economists warn the island’s economy is losing momentum and may stagnate for another year.
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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