Puerto Rico has to ‘resize economy’ on a small scale, plan for reduced population
December 8, 2020
Faced with the reality of an economy that has been reduced by 25% since 2006 and a population in continuous decline, Economist José Joaquín Villamil, from the Estudios Técnicos, Inc. firm, warned that the island’s risk profile “is very pronounced,” and urged planning for markets for the elderly, as well as taking advantage of new […]
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Parallel18 launches digital tool to spark global investment, business opportunities
December 8, 2020
As a direct response to the COVID-19 pandemic, parallel18, the international startup program based in Puerto Rico, launched a digital tool that connects its participant and graduate companies with investors and corporate partners from all over the world. The Startup Directory is an initiative through which the Puerto Rico Science, Technology and Research Trust’s program aims to […]
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New $6.8M Tryp by Wyndham Hotel breaks ground in Mayagüez
December 8, 2020
Puerto Rican development firm EJ Global Investment announced the start of construction of what will be the TRYP by Wyndham hotel in the town of Mayagüez, at a cost of $6.8 million. The new 50-room hotel will generate about 40 new jobs and is slated to open in November 2021, company executives Eric Ruiz-Colón and […]
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Practical Techie: PrepaNet looks to repurpose itself
December 8, 2020
Rebranding goes on all the time in the cyber world, and it’s not a surprise that the usually beleaguered government-owned PrepaNetworks has creatively done so these days. It’s now goes by the brand of HUB Advanced Networks, LLC. Since its origins in 2004, PrepaNet has sought to commercialize it services at business and residential levels. […]
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Triple-S Management Corp. CFO Román-Jiménez to retire
December 8, 2020
Triple-S Management Corporation announced that its Chief Financial Officer Juan José Román-Jiménez will retire at the end of a planned transition, capping a three-decade career as a finance executive that included serving as CFO for two public companies. Román-Jiménez will remain in his role until his successor is chosen and will help ensure a smooth […]
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Brad Dean appointed vice chair of US Travel and Tourism Advisory Board
December 8, 2020
Discover Puerto Rico’s CEO Brad Dean has been appointed vice chair of the US Travel and Tourism Advisory Board (TTAB), for a two-year term. This Board advises the Secretary of Commerce on matters relating to the US travel and tourism industry. This Board advises on government policies and programs that affect the US travel and […]
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Popular Auto’s Starting Connection Program aims to help establish credit
December 8, 2020
Looking to help consumers establish a credit history, and under the motto, “Now you can have what you dreamed of,” Popular Auto announced the availability of the “Starting Connection Program.” This program makes it easier for people who do not have credit experience, or it is limited, to buy their first car through a qualified […]
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USDA-NRCS to hold state technical committee meetings for Puerto Rico/USVI
December 8, 2020
The U.S. Department of Agriculture’ Natural Resources Conservation Service will host virtual meetings this week, to discuss 2018 Farm Bill updates, storm recovery efforts under the Emergency Watershed Protection Program (EWPP), and updates from NRCS Caribbean Divisions and federal and territorial partners. NRCS Caribbean Area Director Luis Cruz-Arroyo said agency partners, clients and potential clients […]
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Puerto Rico National Guard allocates $557K for COVID-19 vaccine storage freezers
December 7, 2020
As Puerto Rico government and health officials prepare to receive the first shipments of the COVID-19 vaccine, the Puerto Rico National Guard is also gearing up to assist in the effort to store the meds and in the logistics behind the immunization process. In anticipation of the vaccine’s arrival, earlier this year the PRNG received […]
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Lantheus Holdings Inc. sells Puerto Rico operations for $18M
December 7, 2020
Lantheus Holdings Inc. announced the sale of its Puerto Rico radiopharmacy and positron emission tomography manufacturing facility in Ponce to PharmaLogic Holdings Corp. for $18 million in cash. As part of the transaction, Lantheus and PharmaLogic will also enter into a long-term supply agreement under which Lantheus will continue to supply PharmaLogic with Lantheus’ products […]
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The Banker Magazine names Banco Popular ‘Bank of the Year in Puerto Rico’
December 7, 2020
The Banker, The Financial Times’ international banking magazine, has named Banco Popular de Puerto Rico at “Bank of the Year Puerto Rico” for the seventh consecutive year. The Banker announced the award during the virtual awards ceremony held recently. According to The Banker, 2020 has been “an incredibly tough year,” as the COVID-19 pandemic brought […]
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Liberty: AT&T network, service continue to deliver 1 month into transition
December 7, 2020
One month after it officially acquired AT&T’s wireless and wireline operations in Puerto Rico and the US Virgin Islands, Liberty Puerto Rico gave an update on the integration process, saying that the wireless network continues to perform “very well, and service has not been impacted.” Liberty is moving full speed ahead with 5G deployment in […]
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Op-Ed: Climate change increasingly forcing Puerto Ricans to flee island
December 7, 2020
The changes our planet is undergoing due to human activity has been a growing topic of discussion in recent years. As the damage we’re creating has gotten harder to ignore, finding someone who isn’t concerned about climate change is, thankfully, becoming more and more difficult. It’s hard to find a news channel that isn’t covering […]
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LaCalleComercio.com online mall opens to help Puerto Rico’s SME’s
December 7, 2020
LaCalleComercio.com, an online shopping center recently unveiled to help Puerto Rico’s small and medium-sized businesses (SME’s) expand their sales amid the restrictions due to the COVID-19 pandemic, is now open for companies to create their virtual stores. Axel Caraballo, executive director and who created and manages the project along with lawyer Max Caraballo and communicator […]
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Mobilitie to deploy 5G wireless network at Coliseo de Puerto Rico
December 7, 2020
Less than two weeks after announcing it had selected California-based Mobilitie to provide wireless broadband connectivity to the Puerto Rico Convention Center, its operator AMS Global — which also manages the Coliseo de Puerto Rico — confirmed it has signed up the same provider for the indoor arena. “Bringing a new network with 5G capability […]
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