ABI’s to hold Caribbean Insolvency Symposium in P.R. on Feb. 3-5
January 22, 2020
The American Bankruptcy Institute’s 2020 Caribbean Insolvency Symposium will return to Puerto Rico on Feb. 3-5, featuring an educational program developed to provide attendees with an interactive learning experience led by a faculty of prominent national and regional bankruptcy judges, as well as experienced practitioners. ABI is the largest multi-disciplinary, nonpartisan organization dedicated to research […]
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Puerto Ricans living in Va. raise $4,500 for island earthquake victims
January 22, 2020
Ashburn, Va. – A throng of Puerto Ricans living in the Washington, D.C., area held their own version of SanSe over the weekend, drinking and dancing to “bomba y plena,” eating “piononos” and opening their wallets to benefit earthquake relief efforts in Puerto Rico. One of several earthquake awareness events carried out by Puerto Ricans […]
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Negotiations underway to open 1st full-service IKEA store in Bayamón
January 21, 2020
Negotiations are underway between the operators of the Santa Rosa Mall in Bayamón and the owners of the IKEA franchise to open the first full-service store in Puerto Rico at the former Sears location, this media outlet learned. The mall’s operator, CCM Puerto Rico, is in talks with Santo Domingo-based Sartón Dominicana, owners of the […]
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PR IT Cluster announces 1st ‘Call For Papers’ on industry topics
January 21, 2020
“This year, we’ve decided to make this ‘Call for Papers’ to broaden the scope of the CIO and provide a space for people who wish to exhibit on issues related to the industry,” said PRITC Board co-chairman Juan Carlos Chipi. “The selected participants will present their ideas in front of important private sector CIO’s, innovative […]
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Yauco college joins World Central Kitchen to cook meals for earthquake victims
January 21, 2020
National University College and its NUC IBC Institute Extension Centers joined the World Central Kitchen effort headed by Chef José Andrés, to serve as a central kitchen to prepare hot meals for earthquake victims of Puerto Rico’s southwestern area. World Central Kitchen teachers, students and staff make approximately 1,000 pounds to feed 5,000 people, daily. […]
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Serrallés Foundation’s grants to benefit nonprofits serving earthquake victims
January 21, 2020
The Serrallés Foundation, Destilería Serrallés Inc. philanthropic arm, will offer grants to nonprofit entities with proposals to offer essential services to earthquakes victims in Puerto Rico’s southern and southwestern regions. The funds are part of the $1 million corporate contribution the company recently announced and includes grants to employees of the Ponce-based distillery and the […]
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Municipal Finance Corp. extends tax filing deadline for retailers
January 21, 2020
The Municipal Financing Corporation (COFIM, for its initials in Spanish) announced it extended the deadline for merchants to submit their January returns and municipal Sales and Use Tax payments until Jan. 31. “Following the recent seismic movements, which have caused infrastructure damage to businesses, it merits extending the deadline to submission the returns and the […]
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Uber, Uber Eats offer free rides, deliveries to earthquake victims
January 21, 2020
Given the wave of seismic activity hitting the southern area of Puerto Rico, the Uber and Uber Eats transportation and food delivery networks, respectively, will be pitching in to help victims. Among the initiatives is offering promotional codes redeemable for free trips for users, first responders and other emergency personnel in the affected areas. The […]
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Govt issues administrative orders to expedite emergency projects
January 20, 2020
Given the urgency to start rebuilding roads affected by the earthquakes that hit the island’s southwest region, as well as building shelters, the Department of Economic Development and Commerce issued a pair of administrative orders through its Permit Management Office (OGPe) to expedite emergency government projects. The OGPe issued Administrative Order (AO) 2020-01 to grant […]
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Mennonite Health System to help quake victims handle emotions, anxiety
January 20, 2020
Given the seismic events of recent days and the emotional impact this has generated in the population, the Mennonite Health System is sponsoring a health care route with an emphasis on handling emotions and anxiety. “We’re an organization based on Christian faith, so it is essential for us to go out to communities and help […]
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Honeywell Aerospace P.R. seeks engineers
January 20, 2020
Honeywell Aerospace Puerto Rico will hold a job fair to recruit engineering and technology positions for its Aguadilla and Moca operations, on Feb. 8, from 8 a.m. to 4 p.m. at its facilities located in the Americas Technology Park in Moca. Honeywell Aerospace is looking to hire Mechanical Engineers, Electrical Engineers, Hardware, Software and information […]
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FirstBank donates $250K to help southwestern P.R. residents
January 20, 2020
Financial institution FirstBank has established a $250,000 relief fund to support the recovery of communities in the southwest area that were affected by the recent earthquakes. During the first phase of the effort, the bank partnered with five nonprofit organizations that are offering services to families with pressing needs, namely: Centro de Microempresas y Tecnologías […]
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U.S. Dept. of Health activates free prescription med program in P.R.
January 18, 2020
The U.S. Department of Health and Human Services’ Office of the Assistant Secretary for Preparedness and Response announced it has activated its Emergency Prescription Assistance Program (EPAP) for Puerto Rico to give residents access to the critical prescription medications they need. The program pays for prescription medications for people without health insurance who are affected […]
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Retailers join nonprofit to deliver aid, entertainment to earthquake evacuees
January 17, 2020
The members of the Puerto Rico Retail Trade Association (known as ACDET) and the Association of Emergency Managers and Security Professionals (known as AMEPS) joined forces to deliver entertainment for children and adults living in shelters after earthquakes hit the island’s southern region. Walgreens, Best Buy, Pepe Ganga, Walmart, Novus, Bakers, Pueblo and Sam’s Club, […]
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Kroll Bond Rating Agency assigns grade to Oriental Bank
January 17, 2020
Kroll Bond Rating Agency has assigned senior unsecured debt and deposit ratings of BBB- and short-term debt and deposit ratings of K3 to Oriental Bank, with a stable outlook for the long-term debt and deposit ratings. “The ratings for the bank are underpinned by its sustained level of profitability, including the ability to accrue equity […]
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