February 19, 2020
P.R. restaurant sales at $1.9B ’19, down 6.5% vs. ’18, study confirms
February 19, 2020
Loon seeks FCC’s OK to launch project trial in P.R.
February 19, 2020
Tourism Alliance for P.R. blasts ‘lack of activity on P3 for San Juan docks
February 19, 2020
Science Trust challenges college students to innovate with NASA patents
February 18, 2020
Pres. Clinton visits Caguas clinic benefited by his nonprofits
ECONOMY
Financial services forum to be held Mar. 18-19 in San Juan
Financial services and insurance will lead the conversation in the 2020 Financial Services Forum to be held in San Juan, on Mar. 18-19 at the Condado Vanderbilt Hotel. The two-day conference will feature local and international speakers, and will focus on the benefits of the island as a destination for business, covering Puerto Rico’s international financial services sector and the latest developments in banking, insurance and specialty financial services, organizers announced. The conference, sponsored and presented by the Puerto Rico International Insurers Association (PRIIA) and P
TOURISM
AUTO
Pep Boys expands P.R. footprint after parent co. buys Tecnicentros Mundial
Icahn Automotive, an Icahn Enterprises L.P. company, which owns and operates Pep Boys, has completed its acquisition of Tecnicentros Mundial, a six-location automotive service chain in Puerto Rico.
Sojitz de P.R. building $4M dealership in Plaza Las Américas to launch Genesis
Sojitz de Puerto Rico, parent company in charge of its distribution in Puerto Rico, announced the launch of its luxury car brand Genesis. The introduction to the local market is coupled with the
P.R.’s new car sales drop 1.2% Y-O-Y in ’19, with 106,606 sold
Puerto Rico’s new car sales took a slight hit in 2019, when 106,606 units were sold, representing a 1.2% year-over-year drop when compared to the 107,941 vehicles sold in 2018, the United Automobil
ENVIRONMENT
Sonnedix, a global independent solar power producer, announced the completion of a non-recourse financing of solar photovoltaic plants in Puerto Rico, at a value of $15 million. City National Bank, Florida’s third-largest bank, acted as lender, the company said. Sonnedix started operations in Puerto Rico in 2015, where it currently has two operational solar PV plants with a combined capacity of 73MW and more than 50MW of solar power capacity under development on the island. “The financing further demonstrates our long-term commitment to, and confidence in, Puerto Rico — through the provision of reliable, renewable
