Hard Rock Café to open in Ponce, as fate of San Juan location unconfirmed
August 28, 2020
The new Hard Rock Café under construction in Ponce is slated to open in November, inside the Aloft Hotel — which will debut as the second to fly the flag owned by Marriott in Puerto Rico and entailed a $15 million investment. The 125,000 square-foot property will feature 152 guestrooms, 15,000 square feet of convention […]
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Puerto Rico’s Economic Activity Index reflects YoY drops in May and June
August 28, 2020
Puerto Rico’s Economic Activity Index for May and June 2020, which reached levels of 109.7 and 108.8, respectively, reflect month-on-month reductions of 3.5% and 0.8% and decreases of 10.2% and 10.8% when compared with the same months of the previous year. The separate monthly reports published by the Puerto Rico Economic Development Bank are the […]
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PREPA to test emergency generators in Vieques, Culebra on Aug. 30
August 28, 2020
The Puerto Rico Electric Power Authority confirmed it will interrupt the power service to test the emergency generators in the Vieques and Culebra municipal islands, this Sunday, Aug. 30. The service interruption will be from 8 a.m. to 9 a.m. and from 3 p.m. to 4 p.m. in Vieques, and from 7:30 a.m. to 8 […]
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Abexus Analytics unveils Google-based mobility tool that could shape COVID-19 strategies
August 27, 2020
Puerto Rico-based business intelligence firm Abexus Analytics has developed and made freely available the Abexus Mobility Insights tool, which tracks cellphone data using Google Mobility’s database and could help the government establish public policy related to the COVID-19 pandemic. The tool follows how island residents move across all 78 towns and has already produced multiple […]
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Institutional fraud represents $2.4B in losses for Puerto Rico’s economy
August 27, 2020
Institutional fraud takes a $2.4 billion bite out of Puerto Rico’s economy, representing at least 3.5% of gross revenue, according to the “Portrait of Fraud in Puerto Rico 2020” study revealed by the Puerto Rico Society of CPAs. “The term occupational fraud can be defined as those acts committed by employees with the objective of […]
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FEMA invests $2.6M in Puerto Rico’s agriculture sector
August 27, 2020
Puerto Rico’s agricultural industry is preparing to receive more than $2.6 million from the Federal Emergency Management Agency and the Central Office of Recovery, Reconstruction and Resilience of Puerto Rico, or COR3, to continue recovery after Hurricane María. The sector lost 40% of its infrastructure following the 2017 storm. Among the obligations is $1.4 million to repair the […]
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UPR assigns $40.5M to provide tech equipment to professors, students
August 27, 2020
The University of Puerto Rico will distribute a total of $40.5 million in technological equipment and financial incentives to professors, students and administrative staff as part of its plan to improve the online educational experience and support the university community during the COVID-19 pandemic. UPR President Jorge Haddock said the aid will be granted through […]
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Ron del Barrilito maker investing $12M to increase production, exports
August 27, 2020
A $12-million expansion plan is underway for Ron del Barrilito, to increase production and exports, said Eduardo Bacardí, sales and marketing director for producer Edmundo B. Fernández Inc. The investment will help increase production volume by 400%, he said. “This expansion phase takes us to a higher level by increasing our production, storage, and aging […]
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ConPRmetidos opens grant cycle for personal finance education program
August 27, 2020
The events of 2020 — the January earthquakes and the onset of the COVID-19 pandemic — has spurred nonprofit organization ConPRmetidos to launch a grant program to help 500 Puerto Rican families learn how to transform their personal finances through the “Claridad Financiera” course. The nonprofit is known for developing social impact projects in sectors […]
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Puerto Rico Ports Authority invests $517K in new vehicle fleet
August 27, 2020
At a cost of $517,043 in federal and agency-generated funds, the Puerto Rico Ports Authority announced the acquisition of a new fleet of 17 vehicles for several operational areas, agency Executive director Joel A. Pizá-Batiz announced. Noting that the agency had not made a considerable investment in new vehicles since 2002, Pizá-Batiz said the Ports […]
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Puerto Rico Bankers Association to host virtual workshop on smart use of credit
August 27, 2020
The Puerto Rico Bankers Association will host its next educational workshop, which will take place Aug. 28, 2020 from 3 p.m. to 4 p.m., via the Zoom platform. It will be free and open to the public. The guest speaker will be Hilda Y. González-Rodríguez, manager of the Credit and Risk Management Unit of Banco […]
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Puma Energy launches Puma FastPay+ loyalty program
August 27, 2020
Puma Energy announced the start of loyalty program through the new Puma FastPay+ app, offering a free range of benefits and promotions in selected stores when buying fuel using the Puma FastPay application as a payment method. Through the new loyalty program for Puma FastPay users, the customer will accumulate points in the Puma FastPay+ […]
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Iconic InterContinental Hotel to change name under new management
August 26, 2020
The iconic InterContinental Hotel in Isla Verde — whose moniker has stretched across its façade since the early 2000s — will be rebranded later this year, or early in 2021, as it shifts to new management through a transaction between owner Service Properties Trust and Sonesta International Hotels. The sprawling beachfront hotel, which has been […]
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Puerto Rico Retailers Association launches awareness campaign against COVID-19
August 26, 2020
The Puerto Rico Retailers Association (known as ACDET, in Spanish) launched an educational campaign to create awareness among businesses and consumers calling for living “in a more serious and responsible way in our new reality of COVID-19.” The campaign was designed to urge Puerto Rico residents to not let their guards down, and for businesses […]
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Op-Ed: Puerto Rico’s urgent need for resilient infrastructure
August 26, 2020
The coronavirus pandemic, the January 2020 earthquakes and Hurricane María in 2017 have shown us the urgent need for resilient infrastructure in Puerto Rico. Using the United Natons’ “2030 Agenda for Sustainable Development” (SDG) as a framework and the most recent American Society of Civil Engineers (ASCE) “Puerto Rico Infrastructure Report Card,” Puerto Rico is […]
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