FCC OK’s $237.9M to upgrade mobile broadband networks in Puerto Rico, USVI
June 15, 2020
The Federal Communications Commission today approved $237.9 million in funding over three years to “expand, improve, and harden” mobile broadband networks in Puerto Rico and the U.S. Virgin Islands. Specifically, in Stage 2 of the “Uniendo a Puerto Rico Fund” and “Connect USVI Fund,” the FCC authorized $233.9 million to three carriers serving Puerto Rico […]
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Vázquez OK’s new law to help Puerto Rico economy face effects of COVID-19
June 15, 2020
Puerto Rico Gov. Wanda Vázquez signed Ley 57-2020, known as the “Complementary Law to Address the Effects of the COVID-19 Emergency on the Puerto Rican Economy” — a second package of economic measures that are part of the government’s plan to reactivate the economy, support businesses and protect workers. On Sunday, she penned into law […]
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Gustazos.com sells 15K Puerto Rico hotel room nights to support comeback
June 15, 2020
Puerto Rican e-commerce platform Gustazos.com endorsed the sale of 15,000 hotel room nights on the island during the first week of June and has rewarded its Visa users with more than 240,000 credits for purchases on the website, company officials confirmed. The popular e-commerce platform has set a record by averaging one night sold per […]
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Financial Analysts to host virtual workshops for members, public
June 15, 2020
The Puerto Rican Association of Financial Analysts (APAF, in Spanish) will hold two virtual conversations in the coming weeks for its members and the general public, the professional group announced. The first, slated for June 18 at 2 p.m., will have the participation of Emilio Colón-Zavala, past president of the Puerto Rico Builders Association, president […]
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Causa Local, Ágora Cultural Architects launch Causa Creativa workshops
June 15, 2020
Looking to support Puerto Rican entrepreneurs, nonprofits Causa Local and Ágora Cultural Architects are lauching Causa Creativa, a series of events “that will offer the public entertainment and knowledge this summer.” The events, which begin June 17, will be broadcast through Facebook Live and will feature Puerto Rican projects Papaya Tropical, Mundo de Muñecos, Sangría […]
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Puerto Rico gets $22.2M in HUD Emergency Solutions Grants for homeless assistance
June 12, 2020
Puerto Rico will receive more than $22.2M in U.S. Housing and Urban Development Emergency Solutions Grants targeted toward communities with high homeless populations or individuals at risk of becoming homeless. The assignment is part of a global allocation of $2.96 billion to also help individuals at risk of becoming homeless because of hardships such as […]
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Airbnb, Discover Puerto Rico partner to develop destination website
June 12, 2020
Short-term rental company Airbnb announced it is partnering with Discover Puerto Rico through a program to market the island by promoting local tourism. Puerto Rico is one of nine destinations worldwide to participate in the first strategic alliances, and one of two in the Caribbean, said Discover Puerto Rico CEO Brad Dean. “We often receive […]
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Puerto Rican Telecom Alliance asks FCC to evaluate bill to tax internet service
June 12, 2020
The Puerto Rican Telecommunications Alliance sent a letter to Federal Communications Commission Chair Ajit Pai asking him to take notice of the local legislature’s “attempt to tax the internet and broadband internet access services.” The Alliance — which groups internet, television and telephony services providers Aeronet, Claro, Data Access, Liberty Puerto Rico, Neptuno, Optivon, VPNet, […]
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JCPenney reopens 6 stores in Puerto Rico today
June 12, 2020
Retailer JCPenney will reopen the doors of its six stores in Puerto Rico today, after temporarily closing due to the COVID-19 pandemic. The six stores are located in Plaza Las Américas in Hato Rey, Plaza Carolina, Plaza Centro in Caguas, Mayagüez Mall, Plaza del Caribe in Ponce and Plaza del Norte in Hatillo. JCPenney is […]
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CBP San Juan seizes 560 pairs of counterfeit Apple AirPods
June 12, 2020
U.S. Customs and Border Protection’s San Juan Field Operations announced the seizure of 560 pairs of fake Apple AirPods imported into Puerto Rico from Hong Kong via air courier. Had these goods been genuine, the estimated manufacturer suggested retail price would have been about $111,440, the agency said. “This product is sought by consumers because […]
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Puerto Rican micro-mobility co. Skootel halts operation to work with gov’t to amend traffic law
June 12, 2020
Puerto Rican micro-mobility company Skootel, which has been operating the first and only fleet of electric scooters in Puerto Rico and the Caribbean since January 2019, comfirmed that it will voluntarily pause its operation starting today. This responds to its decision to work with the Legislature and the Department of Transportation and Public Works to […]
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PREPA contract procedure to buy natural gas ‘circumvented rules’
June 11, 2020
A lucrative contract to deliver natural gas to a Puerto Rico power generation plant was awarded through a process plagued by irregularities that provided unfair advantages to a company with limited experience on the island, according to a report co‑authored by Tom Sanzillo of the Institute for Energy Economics and Financial Analysis (IEEFA) and Ingrid […]
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Simon Property Group ends deal to buy Taubman Centers
June 11, 2020
Simon Property Group Inc., which in February 2020 announced plans to acquire rival mall operator Taubman Centers Inc. for some $3.6 billion, confirmed it has terminated the deal. The retail giants have properties worldwide, including Plaza Carolina, a Simon property, and The Mall of San Juan, which Taubman opened in 2015. Both shopping centers reopened […]
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Analysis: Puerto Rico to bear harder economic brunt from pandemic
June 11, 2020
Puerto Rico is expected to “be hit harder” by the effects of the COVID-19 pandemic in comparison to many other global jurisdictions, mainly due to the exceptional circumstances it faced prior to the health crisis, according to the latest analysis released by Estudios Técnicos. The firm, based in San Juan, predicts as a result, Puerto […]
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eBay to invest $150K to support Puerto Rico’s micro, small and mid-sized businesses
June 11, 2020
As a result of the current coronavirus (Covid-19) pandemic, micro, small and medium businesses in Puerto Rico are facing unprecedented challenges, which puts their income and possibilities of sustaining their business in danger. For this reason, today, eBay has launched “Mi Negocio 24/7 en eBay,” an acceleration program that will allow Puerto Rican businesses to […]
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