CBP seizes 100 fake Nintendo Mini consoles in Aguadilla
July 29, 2020
U.S. Customs and Border Protection San Juan Field Operations announced the seizure of 100 counterfeit Nintendo Mini Gaming consoles inside a parcel package coming from Hong Kong into the Rafael Hernández International Airport Cargo facility. The estimated manufacturer suggested retail price of the seized products is about $326,000, had the goods been genuine, the […]
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Op-Ed: The effect of the cloud in this decade
July 29, 2020
For a decade, we have heard that the cloud has changed the way we interact with technology. We have real-time access to data, instant information, live connected and faster communications. We’re talking about productivity, competitiveness, mobility and flexibility. The cloud is transforming us. But not all clouds are created equal. The “first generation cloud” was […]
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Bluetide Puerto Rico opens call for RFPs for ‘Blue Economy’ plan
July 29, 2020
Bluetide Puerto Rico Inc. has opened the call for Request for Proposal to design and provide a “Strategic Implementation Plan for the Blue Economy” to cover the geographical region of Puerto Rico and the U.S. Virgin Islands. “The objective of this RFP is to plan and design Blue Economy initiatives to expand Puerto Rico’s ocean-dependent […]
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Liberty customers give $96K to help 2K Puerto Rico high schoolers finish semester
July 29, 2020
Liberty Puerto Rico customers donated $96,450 to Liberty Foundation, making it possible for 2,000 public high school students in the island’s southwest region to finish the semester through the “Give a Child the New Virtual School” project The money was raised in response to a call that Liberty made to its customers to donate the […]
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First BanCorp. gets regulatory go-ahead to buy Banco Santander Puerto Rico
July 28, 2020
First BanCorp., the parent company for FirstBank Puerto Rico, announced it has received the requisite regulatory approvals local and federal banking regulatory agencies to wrap up its acquisition of the Puerto Rico operations of Banco Santander Puerto Rico. First BanCorp. got the go-ahead from the Board of Governors of the Federal Reserve System, Federal Deposit […]
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Oriental reports $20.2M in net income for 2Q20, capitalizes on tech during pandemic
July 27, 2020
OFG Bancorp, the parent company of Oriental bank, reported net income available to common shareholders totaled $20.2 million or $0.39 per share fully diluted, for the second quarter ended June 30. As other banks did, Oriental “faced a number of Covid-19 pandemic related challenges during the second quarter, but acting promptly and with foresight, we […]
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POP’D Shop specialty bubbly drinks poised to enter Puerto Rico market
July 27, 2020
Puerto Rico may soon have a new player in the specialty carbonated drinks category, with the launch of The Pop’d Shop soda brand, a product manufactured by a startup currently participating in business accelerator Parallel18’s Generation 8 cohort. Company founder Mark Wieder said the handcrafted soda pop line — which features four different flavors: citrus, […]
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World Central Kitchen announces 5th round of grants in Puerto Rico
July 27, 2020
World Central Kitchen announced its fifth round of grants in Puerto Rico through Plow to Plate, the organization’s food security and resilience program that provides direct financial support to small farmers, fishermen, and food businesses. The subsidies granted support small businesses related to food production in an effort to regenerate their long-term capacity for the […]
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Caño Martín Peña infrastructure project preselected for $66M in mitigation funds
July 27, 2020
The Paseo del Caño Sur Project in Israel-Bitumul was preselected by the Central Office of Recovery, Reconstruction and Resiliency, known as COR3, to access federal funds from the Hazard Mitigation Grant Program- Section 404 of the Federal Emergency Management Agency. If selected, the Paseo del Caño Sur, which requires an investment of $66 million, would […]
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Op-Ed: Communicating effectively in the age of COVID-19
July 27, 2020
Businesses have been caught off-guard by the arrival of the novel coronavirus, most of them completely unprepared for its effects. Virtually overnight, the virus has thrown both our economy and our daily lives into disarray. Government restrictions enacted to halt the rapid spread of the virus have paralyzed large swaths of the economy, leaving thousands […]
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Gov’t unveils $34M Diego Village multifamily housing complex in Río Piedras
July 27, 2020
Puerto Rico and federal government officials unveiled plans for the De Diego Village, a $34 million affordable and multifamily housing complex to be located in the Río Piedras urban center that will include a commercial area to promote the revitalization of the once active area of San Juan. The investment includes $18.1 million in Community […]
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Puerto Rican startup ZERO Damage to start shipping ready-to-assemble gazebos
July 27, 2020
Puerto Rican startup ZERO Damage announced it will begin shipping ready-to-assemble flat pack building kits for two types of outdoor gazebos and a greenhouse starting in August. The kits are the result of two years of research and development of an unwelded connection system that allows people to install steel frames without requiring screws. Next […]
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UPR-Mayagüez gets $750K to build Tropical Animal Reproduction Research Center
July 27, 2020
The University of Puerto Rico Mayagüez Campus (known as RUM) recently received a $750,000 grant from the Puerto Rico Agriculture Department to develop Tropical Animal Reproduction Research Center (CIRAT, in Spanish), under the School of Agricultural Sciences’ Agricultural Experimental Station. The Center, an idea created by a group of multidisciplinary researchers from the School of […]
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Liberty Puerto Rico adds FirstBank to its payment options
July 27, 2020
Liberty Puerto Rico announced the start of a new partnership with FirstBank, which allows its customers to pay their bills at any of the bank’s branches throughout the island. “With this new partnership, our customers can pay their Liberty bills by visiting any bank on the island, which now includes FirstBank,” said Nelson Colón, chief […]
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$200M LoopLand Hotel breaks ground in former Roosey Roads Naval Base
July 24, 2020
Construction of the LoopLand Hotel, a $200 million property that will become the first hotel that will open on the former Roosevelt Roads Naval Base in 2022, was announced Thursday. The proposal presented by the company behind the project, Brillembourg Group, calls for redeveloping about 750 former military homes on the former base in Ceiba […]
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