Popular Inc. reports net income of $127.6M in 2Q20
July 24, 2020
Popular Inc., parent company of Banco Popular de Puerto Rico, reported net income of $127.6 million for the quarter ended June 30, 2020, a 25% drop from the $171.1 million on record for the same quarter in 2019, but a significant jump from the $34.3 million reported for the first quarter of the year. For […]
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Pall Life Sciences invests $10M in Fajardo plant
July 24, 2020
Pall Life Sciences Puerto Rico, LLC announced the $10 million expansion of its plant in Fajardo, where it manufactures filters for bio-pharmaceutical applications. The company has been doing business in the eastern town of Puerto Rico for 46 years, where it will begin the construction of a new warehouse that will allow, among other things, […]
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Study: Co.’s in Puerto Rico embrace hybrid work trend during pandemic
July 23, 2020
A hybrid model that combines office work and remote work is the predominant trend among companies in Puerto Rico during the COVID-19 pandemic, according to a survey conducted this summer by Puerto Rican consulting firm Retention Strategies. The results showed that only a third (32%) of the companies surveyed have managed to fully reopen their […]
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Discover Puerto Rico: In-person group events won’t be back until ’21
July 23, 2020
The rise in COVID-19 cases has caused the cancellation or postponement of most in-person group events to at least 2021, Discover Puerto Rico, the island’s destination marketing organization, confirmed. “There was optimism in the early days of the pandemic that live meetings would resume in the fall. However, planners are now anticipating it will be […]
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Statistics Institute urges Puerto Rico mayors to encourage filling out Census 2020
July 23, 2020
The Chairman of the Puerto Rico Institute of Statistics’ board, Economist Nicolás Muñoz, He urged all mayors to mobilize the resources of municipal agencies to visit houses street by street, combing through all communities to alert families to the importance of filling out the 2020 Population Census form. This while taking all the prevention and […]
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Applebee’s invests $1.6M into 8th location in Puerto Rico, in Montehiedra
July 23, 2020
Grupo Colón-Gerena, the franchise holder for Applebee’s casual dining restaurants in Puerto Rico, announced the opening of the chain’s eighth location, near the Montehiedra Outlet center. The new eatery opened its doors recently, following a $1.6 million investment that will also create 169 new jobs, the company said. Due to the timing of the opening, […]
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Destilería Serrallés adds Don Q Reserva 7 años to its portfolio
July 23, 2020
Destilería Serrallés Inc., the Puerto Rican producer of Don Q, announced the launch of Don Q Reserva 7, the latest addition to its curated portfolio of aged rums made at its distillery in the southern town of Ponce. The distillery’s continuous focus on expanding its aged and super premium offering aligns with increased consumer demand […]
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FEMA assigns $62M for 89 recovery projects in Puerto Rico
July 22, 2020
The Federal Emergency Management Agency (FEMA) and the Central Office for Puerto Rico Recovery, Reconstruction and Resilience, or COR3, announced the obligation of nearly $62 million in additional funds for 89 projects related to the recovery and reconstruction of Puerto Rico after Hurricane María. The funds were assigned on July 10-16 and include $23 million […]
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NYC & Company launches ‘NYC virtual field trips’ initiative
July 22, 2020
NYC & Company, the official destination marketing organization for the five boroughs of New York City, is expanding upon its virtual offerings and spotlighting online experiences to engage New Yorkers and travelers who are currently unable to visit the destination, it announced. The “NYC Virtual Field Trips” online resource comprises five-borough arts organizations and tourism […]
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CBP San Juan seizes 1K+ counterfeit luxury, designer watches
July 22, 2020
U.S. Customs and Border Protection San Juan Field Operations confirmed the seizure of about 1,000 counterfeit designer and luxury watches in a commercial shipment coming from the Dominican Republic. The estimated worth of the seized products is some $420,583, had the goods been genuine, the agency said. “Fake watches don’t have the quality of […]
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PathStone Enterprise Center to help 150 local co.’s land gov’t contracts
July 22, 2020
Nonprofit organization PathStone Enterprise Center Inc. announced the official launch of its Technical Assistance Program for Government Procurement, through which 150 small businesses in Puerto Rico will be trained free of charge to compete for contracts with the federal and state governments directly or as subcontractors. With a $3.8 million grant from the U.S. Economic […]
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Walmart stores in U.S./Puerto Rico to close on Thanksgiving Day, grant bonuses
July 22, 2020
Walmart announced it will pay out another special cash bonus to store, club, distribution center and fulfillment center associates “for their ongoing contributions and dedication to serving customers, members and communities during this unprecedented time.” The bonus will be $300 for full-time hourly associates and $150 for part-time hourly and temporary associates. Drivers, managers and […]
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Mennonite Health System receives national quality award
July 22, 2020
The Mennonite Health System recently became the first and only Puerto Rican company to receive the “Commitment Level Recognition” award established by the Malcolm Baldrige quality model. This recognition is granted by the Texas Quality Foundation to companies that have proven to be successful in developing and implementing consistent quality models and efforts, to offer […]
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Vimenti School will hold public lottery for new students on July 31
July 22, 2020
Vimenti School by Boys & Girls Clubs of Puerto Rico announced it will be holding its public lottery process for new students on July 31 at 2 p.m. through the SchoolMint virtual platform. The automated process will select students based on the slots the school has available for each grade, and follows local and federal […]
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Puerto Rico Gov. Vázquez restricts activity on July 26 as COVID-19 cases spike
July 21, 2020
Puerto Rico Gov. Wanda Vázquez announced a revision of Executive Order 2020-054 establishing that businesses will remain closed on July 26, except pharmacies, supermarkets, gas stations and restaurants. She also banned the sale of alcoholic beverages that day. “We’ve seen a lack of control on the weekends, especially on Sundays, when many people forget that […]
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