Energy regulator orders New Fortress Energy to explain lack of approval for San Juan LNG facility
June 23, 2020
Federal regulators have asked the operator of a scandal-plagued Puerto Rico energy project to explain why they didn’t seek permission to build and operate a liquid natural gas terminal (LNG) adjacent to the island’s first major power project since a 2017 hurricane devastated the island’s electrical grid. The Federal Energy Regulatory Commission (FERC) last week […]
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Puerto Rico Oversight Board certifies COFINA fiscal plan
June 23, 2020
The Financial Oversight and Management Board for Puerto Rico announced that it certified the government of Puerto Rico’s updated Fiscal Plan for the Puerto Rico Sales Tax Financing Corporation (known as COFINA, in Spanish). The 2020 Fiscal Plan for COFINA is “based on the macroeconomic projections outlined in the Certified Fiscal Plan for the Commonwealth […]
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SJ Marriott, St. Regis launch special offers for Puerto Rico residents
June 23, 2020
The San Juan Marriott Resort & Stellaris Casino recently received the Health & Safety Certification from the Puerto Rico Tourism Co. for its “high standards of disinfection and preparedness against COVID-19.” The certification is awarded to businesses that “effectively implement and execute the safety measures and protocols to avoid the spread and transmission of COVID-19,” […]
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New execs appointed to national task force, US Customs, Oracle
June 23, 2020
A trio of high-ranking executives were appointed recently to positions on- and off-the island in the public and private sectors. Energy commissioner appointed to national task forceThe president of the National Association of Regulatory Agency Commissioners (NARUC), Brandon Presley, appointed Puerto Rico Energy Bureau (NEPR, in Spanish) Associate Commissioner Lillian Mateo-Santos, to occupy a chair […]
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Puerto Rico dairy farmers celebrate fresh milk month
June 23, 2020
Puerto Rico dairy farmers are marking the 20th edition of “fresh milk month” in June, in honor of an industry that pumps $200 million into the island’s economy and generates 16,000 jobs. Some 255 farms produce all the milk necessary to meet the needs of Puerto Rican consumers in all its varieties and derivatives, such […]
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Ponce Health Sciences University graduates 262 medical professionals
June 23, 2020
In a virtual celebration, Ponce Health Sciences University held its 40th graduation ceremony, which this year included 262 students, the biggest class in its history, the college confirmed. Of the total graduates, 103 received honors. The degrees awarded were PhD in Medicine, Master of Medical Sciences, PhD of Biomedical Sciences, PhD of Public Health, Master […]
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Nat’l Science Foundation grants $100K to UPR-Mayagüez PEARLS project
June 22, 2020
The National Science Foundation (NSF) has granted $100,000 to the University of Puerto Rico in Mayagüez, for its “Recruiting, Retaining, and Engaging Academically Talented Students from Economically Disadvantaged Groups into a Pathway to Successful Engineering Career,” known as Engineering PEARLS. The funding will enable the project, now in its second year, to expand its scholarship base and […]
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Popular sells Caparra Center building to Triple-S for undisclosed amount
June 22, 2020
Popular Inc. has sold a 180,000-square-foot building, known as Caparra Center, to Triple-S Management Corporation through a private deal that keeps the price tag under seal. “We’re viewing this transaction as a private one. However, the acquisition of this 180,000-square-foot building will allow us to have the additional space to respond to our growth in […]
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Yees! to host summer program to develop online businesses
June 22, 2020
Yees! a company dedicated to business education, has developed a summer program for youth interested in developing an online business, “building on the opportunities that the COVID-19 pandemic has opened.” “We could conclude that COVID-19 has accelerated the adoption of digital technology in the exchange of goods and services,” Yees! officials said in a statement. […]
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DDB Latina Puerto Rico reflects on effects of COVID-19 on brands
June 22, 2020
DDB Latina Puerto Rico presented a comprehensive diagnostic about the effects of the pandemic and the road to recovery, during a second virtual event. Les Binet, a global expert on marketing effectiveness, offered his recommendations and predictions, and provided a framework for brands to follow. “The pandemic represents a before and after for the world […]
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Gov. Vázquez announces $10.2B budget for Puerto Rico’s FY ’21
June 19, 2020
Puerto Rico Gov. Wanda Vázquez announced a proposed $10.2 billion budget for the Commonwealth’s General Fund for Fiscal Year 2021. In her State of the Commonwealth and Budget address, she also proposed a consolidated budget of $28.2 billion that includes funds generated by a number of public agencies for the fiscal year that begins July […]
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Transportation service providers OK’d to resume partial operations
June 19, 2020
Passenger transport companies — including taxis, rideshare companies, party buses, tourist excursions, tourist limousines, public vehicles, carpools, and public buses — have been given the go-ahead to resume operations, on a limited basis. The Puerto Rico Bureau of Transportation and other Public Services said operators may offer services during the hours allowed by the curfew […]
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Red Lobster to buy $200K in Puerto Rico products as it reopens 2 eateries
June 19, 2020
As Puerto Rico enters its third phase of economic reopening in the face of the COVID-19 pandemic, Red Lobster restaurants on the island will open their doors again, allocating $200,000 to procure local products for its eateries in Bayamón and Plaza Las Américas. The restaurants, run by franchisee Grupo Colón Gerena, will also launch a […]
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Puerto Rico small inns ask for $100M in additional tourism funding
June 18, 2020
The Puerto Rico Small Inns and Tourism Association urged sector leaders to come together to lobby for an additional funding assignment to the Puerto Rico Tourism Co. and Discover Puerto Rico to “improve the product and promotion efforts.” “Our tourism sector has experienced great changes as a result of the COVID-19 pandemic, and we face […]
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Puerto Rico Bankers Assoc. confirms shortage of coins due to COVID-19
June 18, 2020
The New York Federal Reserve’s Cash and Custody Division confirmed a drop in the nationwide availability of coins — quarters, dimes, nickels and pennies — as a result of the COVID-19 pandemic, which is also affecting the Puerto Rico market, the Bankers Association stated. The decrease is mainly due to the interruption of the circulation […]
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