Small inns open properties to create classrooms for southeastern area students
February 3, 2020
Members of the Puerto Rico Small Inn Owners and Tourism Association have opened their properties to receive students from schools that have been affected by earthquakes in the southern area of the island. Jesús Ramos, president of the association and owner of the Parador Villas Sotomayor in Adjuntas, said the organization representing small inns, or […]
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Kevane Grant Thornton accounting, advisory firm marks 45th yrs. in P.R.
February 3, 2020
Accounting and business consulting firm, Kevane Grant Thornton, and affiliate of Grant Thornton International Ltd, is marking its 45th anniversary in Puerto Rico. The firm that employs more than 150 professionals on the island, is celebrating a 10.1% year-over-year growth, according to Grant Thornton global statistics report as of September 2019 for the Americas region. […]
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2nd edition of HIRE health industry job fair slated for April 2-3
February 3, 2020
The second edition of the Health Industry Recruitment Event (HIRE) will take place on April 2-3 at the Puerto Rico Convention Center to provide opportunities to those who wish to work in the sector. The convention seeks to connect health industry job seekers with institutions and systems that are looking for employees, including: Doctors; nurses; […]
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Op-Ed: Change is necessary in life and in business
February 3, 2020
Digitization and automation continue to change the workforce and make traditional roles become, often, redundant. The reality is that change is necessary and if companies do not adapt to it, the competitive advantage they offer to their customers will probably disappear. Over time, we have seen that the most successful and recognized brands by people […]
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Ricoh, MB Sports team up to sponsor recycling during Caribbean Series
February 3, 2020
Ricoh Puerto Rico and MB Sports have teamed up to encourage recycling during the Caribbean Series San Juan 2020, taking place through Feb. 7 at the Hiram Bithorn stadium. To champion environmental conservation, the companies have provided recyclable garbage containers in and around the stadium grounds. “This homerun for the environment is an initiative that, […]
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Francisco Carvajal Foundation grants $150K to American Red Cross
February 3, 2020
The Puerto Rico Chapter of the American Red Cross received a $150,000 donation from the Francisco Carvajal Foundation to support the organization’s response operation to help families affected by earthquakes in the southwest of the island. “At the Red Cross, we greatly appreciate this donation from the Francisco Carvajal Foundation, which comes at a crucial […]
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Firm to offer free conference to help ‘reactivate’ southern-area businesses
February 3, 2020
Looking to help business owners or companies operating in the Puerto Rico’s southern towns hit by recent earthquakes, public relations firm Upfront Communication will hold the “Reactivate your business in times of crisis” conference on Feb. 20. The talk targets businesses in Ponce, Peñuelas, Yauco, Guánica, Guayanilla, Lajas and Cabo Rojo, whose economic activity has […]
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Gov’t publishes Opportunity Zones regulation for public comment
January 31, 2020
Economic Development and Commerce Secretary Manuel Laboy announced the publication for the review by the general public of the regulation that implements the provisions of sections 6070.54-6070.69 of the Opportunity Zones benefits of the Puerto Rico Incentives Code. The regulation establishes the rules, requirements and criteria that will be used for the request and issuance […]
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Parliament Capital Management opens office in Santurce
January 31, 2020
Parliament Capital Management LLC, an investment management firm based in San Juan with a focus on direct lending and other credit opportunities, recently expanded its local footprint with the opening of its new offices in the Ciudadela complex in Santurce. Since the launch of its investment management practice in 2014, PCM has become a leader […]
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Restaurant Assoc. asks for extension of tax-exempt prepared foods
January 31, 2020
Given the emergency that Puerto Rico is experiencing as a result of the ongoing earthquakes, the Puerto Rico Restaurants Association has asked for an additional 60 days of the elimination of the Sales and Use Tax on prepared foods. Marisol Vega-Cuoto, president of the trade group known as ASORE in Spanish, said “many citizens, volunteers […]
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Wells Fargo Foundation, Ford join earthquake relief efforts
January 31, 2020
The Wells Fargo Foundation announced a $100,000 donation to the American Red Cross for ongoing relief efforts across Puerto Rico in the aftermath of a series of earthquakes. The American Red Cross is providing shelter, food, health and mental health services and other urgent basic needs to local communities as they work to recover from […]
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Sports wagering lounge to open in The Outlet Mall 66
January 31, 2020
Sector Sixty6 entertainment center in The Outlet Mall 66 will inaugurate the first modern horse racing betting lounge under the name Lucky Derby, mall officials announced. The off-track betting parlor that also has a bar will open its door the first week of February. “We’re offering a different kind of entertainment option inside Sector Sixty6 […]
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Auto rental co. Enterprise opens location in Bayamón, Guaynabo next
January 31, 2020
Auto rental company Enterprise Rent-A-Car, announced the opening of a new location in Bayamón, with another one in the works for Guaynabo later this year. The new 2,000 square-foot office is part of an aggressive local expansion plan for Enterprise, which has 21 offices throughout the island and employs more than 240 people, executives said. […]
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Low-cost carrier Allegiant Airlines pulling out of P.R. market in May
January 30, 2020
Less than four years after making its local debut with flights between San Juan and Orlando, low-cost carrier Allegiant Airlines will be pulling out of the market, ending service in May, this media outlet confirmed. “Allegiant’s business model is based on providing low-cost, affordable service to leisure travelers when they need it, which means our […]
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OFG Bancorp reports -$2.3M net income loss in 4Q19, $47.7M profit for ’19
January 30, 2020
OFG Bancorp reported results for the fourth quarter and full-year 2019, reflecting the previously announced acquisition of Scotiabank’s Puerto Rico and U.S. Virgin Islands operations. OFG reported a net loss to shareholders of $2.3 million, or ($0.04) per share, which included $21.5 million in acquisition related merger and restructuring charges and $6.6 million in additional […]
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