OpEd: Puerto Rico real estate market takes pause during COVID-19
April 27, 2020
The Puerto Rico real estate market has taken a pause and awaits the return of buyers, who are sure to be enticed with low interest rates, investor incentives, the possible revival of the pharmaceutical industry, and thoughts of living in a tropical, social-distancing safe haven. When will the market get the green light to handle […]
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Liberty LatAm launches COVID-19 PSA channels in region
April 27, 2020
In response to the coronavirus pandemic (COVID-19), Liberty Latin America Ltd. announced it has launched PSA (public service announcement) channels and content loops to educate audiences on the public health crisis and combat misinformation about COVID-19 across communities in the Caribbean and Latin America. In Puerto Rico, more than 50% of Ch. 85’s daily programming […]
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Puerto Rico Society of CPAs marks ‘IT Week’ with webinar series
April 27, 2020
The Puerto Rico Society of CPAs will celebrate “IT Week,” comprising four webinars to educate members and citizens up-to-date on relevant issues during the COVID-19 emergency, the trade group announced. “The Puerto Rico Society of CPAs has always been committed to keeping our professionals at the forefront of relevant issues,” said David E. González-Montalvo, president […]
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2 local companies join to create pressurized medical testing booths
April 24, 2020
JERO Industrial and EQ Plastic & Designs, announced the design, development, and production of the HEROES line pressurized and secured medical/laboratory testing booths, which allow first responders to continue providing health services while being protected against exposure to COVID-19. The two companies, each with more than 15 years of experience in sales/service of industrial equipment […]
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Puerto Rico’s self-employed may file unemployment claim starting April 28
April 24, 2020
Puerto Rico’s self-employed population will be able to apply for unemployment benefits through the Labor Department starting April 28, agency Secretary Briseida Torres said. The benefit will be available for first time for independent contractors through the Pandemic Unemployment Assistance program created through the CARES Act signed into law Mar. 27, to aid workers whose […]
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FEMA obligates $365M to rebuild Puerto Rico’s water systems
April 24, 2020
The Federal Emergency Management Agency has obligated more than $365 million for permanent and emergency work on 182 projects to repair and upgrade potable water and sewer systems and other water control facilities across Puerto Rico, it announced. More than half of the funds are for permanent work projects. “Our investment in the island’s water […]
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Oversight Board calls for ‘gradual reopening’ of Puerto Rico’s economy
April 24, 2020
Saying the priority at this time should be broader testing for COVID-19 in Puerto Rico, the Financial Oversight and Management Board for Puerto Rico urged “a gradual reopening of certain elements of the economy to contain the financial effect on the economy as a whole.” In a letter sent to Gov. Wanda Vázquez, Oversight Board […]
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Private sector calls for reopening Puerto Rico’s economy
April 24, 2020
Saying that six weeks after the government of Puerto Rico established a strict lock-down the private sector is not producing economic activity, newly created group Movement for a Healthy Economy said it is time to reopen the economy. The island’s private sector reportedly generates 94.3% of the value of Puerto Rico’s productive activity, while the […]
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Q Link Wireless to provide service in Puerto Rico
April 24, 2020
Starting April 13, Florida-based Q Link Wireless will be providing new subscribers in Puerto Rico with 3GB of data, unlimited talk and text, free SIM card shipping and zero phone bills for life, the carrier announced. New subscribers can bring their own phones to the Q Link Wireless network with a bonus of 5GB for a […]
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Uno Radio Group, iHeartMedia partner to expand iHeartRadio brand in Puerto Rico
April 24, 2020
Puerto Rico broadcaster Uno Radio Group and audio company iHeartMedia announced an exclusive partnership that will further extend the iHeartRadio brand into Puerto Rico. Under the new agreement, Uno Radio Group’s listeners will have exclusive access to iHeartMedia’s content and programming including promotions and national contests for its nationally-recognized events such as the iHeartRadio Fiesta […]
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Indulac manufacturing employees test negative to COVID-19
April 24, 2020
Industrias Lecheras de Puerto Rico Inc., known as Indulac —which has been manufacturing its line of dairy products during the government-ordered quarantine that began mid-March — had employees tested for the COVID-19 virus, and all came back negative, the company confirmed. Indulac hired Laboratorio Toledo to administer molecular tests to detect the COVID-19 virus on […]
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Puerto Rico Treasury to begin notifying taxpayers eligible for $1,200 stimulus
April 23, 2020
Some 486,000 Puerto Rico residents will begin receiving e-mail notices from the island’s Treasury Department informing them of their eligibility for the $1,200 federal stimulus check, which will be deposited directly into their bank accounts, agency Secretary Francisco Parés said. The deposits materializes as soon as the U.S. Department of the Treasury approves the local […]
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Puerto Rico’s healthcare sector ‘most exposed’ to coronavirus crisis
April 23, 2020
The Coronavirus pandemic will cause people to rethink existing values and will impact economic models going forward, a group of local and international experts gathered by Invest Puerto Rico during a virtual webinar concluded. In Puerto Rico, where the economy has been limping along for the better part of the last 12 years, the already […]
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2 Puerto Rico co.’s face $25K fines from FCC for disrupting doppler radar
April 23, 2020
The Federal Communications Commission handed down notices against two local companies — WiFi Services Caribbean Inc. and Buzzer Net LLC — which face a $25,000 fine each for operating networks that violate the integrity of the Federal Aviation Administration’s doppler radar in San Juan. In separate notices, the federal telecom regulator described the reasons for […]
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2 Puerto Rican co.’s design equipment to fight COVID-19 spread
April 23, 2020
Puerto Rican companies Air Logix and Technical Industrial Sales joined forces to manufacture boxes featuring a germicidal light that works on a microwave electromagnetic spectrum, to disinfect and sterilize medical equipment, as the COVID-19 virus rages around the world. Faustino García-Rivera, president of Air Logix, said given the health challenges worldwide, and seeing the existing […]
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