Colecturía Digital Móvil app launched to sell Treasury Dept. vouchers
August 7, 2020
A new application called the Colecturía Digital Móvil was recently launched to ease the purchase of Treasury Department payment vouchers required for dozens of government transactions, particularly at the Department of Transportation and Public Works’ Drivers Services Office (CESCO). Once the mobile app is downloaded, the user registers, selects the agency that requires the voucher, […]
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Passenger traffic at LMM airport drops 62.4% Y-O-Y in July
August 7, 2020
Passenger traffic at Luis Muñoz Marín International Airport dropped 62.4% year-over-year in July, affected by “severe downturns in business and leisure travel stemming from the COVID-19 pandemic,” Grupo Aeroportuario del Sureste confirmed. In July, a total of 363,935 passengers arrived at the LMM, which is operated by Grupo Aeroportuario del Sureste’s local subsidiary, Aerostar Airport […]
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CBP San Juan Seizes 600 sets of counterfeit Apple AirPods
August 7, 2020
U.S. Customs and Border Protection (CBP) San Juan Field Operations announced the seizure of 600 sets of fake Apple AirPods imported into Puerto Rico from Hong Kong via mail. Had these goods been genuine, the estimated manufacturer suggested retail price would have been about $119,400. During the month of June, CBP seized another 560 fake Apple […]
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Foundation for Puerto Rico, Clinton Foundation join forces to help small businesses
August 7, 2020
Foundation for Puerto Rico has joined forces with the Clinton Global Initiative Action Network to conduct a virtual series of Educational Seminars on Resilience Small Business in Puerto Rico, comprising four virtual workshops focused on increasing the economic resilience of small businesses, the nonprofits said. “As the COVID-19 pandemic continues, nonprofit organizations, the government, entrepreneurs, […]
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Albizu University gets federal injection for scholarship program
August 7, 2020
Psychology students interested in pursuing graduate studies at the Albizu University San Juan Campus and its Clinical Psychology program could benefit from new financial aid, the college announced. The institution has received approval from the U.S. Health Services and Resources Administration (HRSA) to admit students to its Scholarships for Disadvantaged Students program. The scholarship will […]
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Puerto Rico Treasury reports $9.3B in Fiscal ’20 revenue; OBoard says it’s incomplete
August 6, 2020
The Puerto Rico Treasury Department reported that the preliminary revenue for the General Fund during the 2019-2020 fiscal year totaled $9.3 billion. Although the collections of the last two quarters of this fiscal year were affected by the earthquakes and the COVID-19 pandemic, they exceeded the revised Financial Oversight and Management Board for Puerto Rico […]
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AeroNet partners with Facebook Connectivity to launch Wi-Fi service in Old San Juan
August 6, 2020
Puerto Rico-based business internet service provider AeroNet this week launched a new, advanced Wi-Fi service in Old San Juan, in partnership with Facebook Connectivity. The new service is powered by Facebook Connectivity’s Express Wi-Fi platform, which will enable AeroNet to provide its Wi-Fi service in a sustainable and scalable way, and Terragraph, a gigabit wireless […]
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Local entrepreneurs launch V-Market online vegan grocery store
August 6, 2020
Entrepreneurs Christian Santarrosa and Jodelis Nieves announced the launch of V-Market, a Puerto Rico-based fully vegan virtual supermarket. The married couple has been developing the concept for more than two years and due to the pandemic, decided to initially launch an online supermarket. “We’re the first supermarket in Puerto Rico whose merchandise is fully plant-based […]
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University of Puerto Rico students win Enactus entrepreneurial competition
August 6, 2020
A three-student team representing the University of Puerto Rico in Río Piedras won the 14th edition of the Enactus Puerto Rico social entrepreneurial competition with a clean watering filtering system called “Remora.” The proposal is based on a machine designed to work with three different filters, which remove chemicals, bacteria, biological contaminants and microplastics from […]
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Former Che’s in Punta Las Marías to become Buenos Ayres Market & Grill
August 5, 2020
The Buenos Ayres Argentinian Bar & Grill, a 21-year resident of the Condado sector in San Juan, will be moving to another familiar location in Punta Las Marías, occupied by the former Che’s restaurant, this media outlet confirmed. The move is slated to happen in December. The new restaurant will be part of a broader […]
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FEMA $16M+ in additional funds for 88 recovery projects in Puerto Rico
August 5, 2020
In the face of recent weather disturbances, FEMA along with Puerto Rico’s Central Office for Recovery, Reconstruction and Resilience, or COR3, approved more than $16 million in additional grants for repairs after Hurricane María, the agencies confirmed. The allocated funds are for the week of July 24-30 and cover 88 projects related to the island’s post-storm recovery and reconstruction. Among the […]
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Evertec 4% revenue drops to $117.9M in 2Q20
August 5, 2020
Evertec Inc. today announced results for the second quarter ended June 30, 2020, which reflected a revenue decrease of 4% to $117.9 million, compared with $122.5 million in the prior year. The revenue decline in the quarter reflected a slowdown in transactions resulting from COVID-19 with sequential monthly recovery as businesses reopened in Puerto Rico […]
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IEEFA: T&D agreement for Puerto Rico power grid sets off alarm bells
August 5, 2020
In testimony submitted to the U.S. House Committee on Natural Resources, Institute for Energy Economics and Financial Analysis (IEEFA)’s Director of Finance Tom Sanzillo warned of “significant problems” with a recent agreement for LUMA Energy to take over transmission and distribution (T&D) of Puerto Rico’s electric power grid. The agreement that the government announced in June […]
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Oversight Board member González steps down effective Aug. 31
August 5, 2020
After almost four years of service as a member of the Financial Oversight and Management Board for Puerto Rico, José Ramón González announced he has informed the White House that he will not be available to continue holding over in his current appointment beyond Aug. 31, nor will he be available for re-nomination to a […]
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Discover Puerto Rico: Tourism down after delay in re-opening date
August 4, 2020
Discover Puerto Rico announced that as a result of the government’s delay in the opening date for inbound tourism — shifting to only accepting essential travelers — traffic and hotel demand have dropped. The island’s destination marketing organization cited data from STR — an analytics and marketplace insights firm — that shows that hotel demand […]
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