Tasty Smart expands into FL market with Sam’s Club
October 29, 2021
Reaffirming its commitment to local entrepreneurs, Sam’s Club Puerto Rico announced that the variety of vegan and gluten-free cookies manufactured on the island, Tasty Smart, is currently available in 28 of its stores in South Florida and with the possibility of expanding to 48 establishments in that area in the coming months. “We continue focused […]
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Evertec awards 170+ scholarships totaling $185K
October 29, 2021
Evertec announced it has awarded more than 170 scholarships to university students in Puerto Rico and throughout Latin America in connection with the 7th edition of its Scholarship Program. The company granted more than $185,000 maintaining, for its second consecutive year, equal participation of men and women. The company, in alliance with leaders in the […]
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7 LatAm bars will come together for special mixology event at La Factoría
October 29, 2021
Driven by “the spirit and passion for mixology,” Latin American bars La Factoría (Puerto Rico), Hanky Panky (México), 3 Monos (Argentina) aMano (Panamá), Bebedero (Costa Rica), and Alquímico (Colombia) will join in the Enjoy LATAM event, from Nov. 11-14, in which guests will be able to taste the signature cocktails of each bar. “We’re excited […]
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Milk Producers Co-op says Indulac has ‘made progress’ in past 5 years
October 29, 2021
Five years after buying 100% of the shares of the Industrias Lecheras de Puerto Rico (Indulac, in Spanish) processing plant, the Milk Producers Co-op (COOPPLE, in Spanish) has achieved market growth, fulfilled its obligations, improved the performance of Puerto Rico’s dairy cows and made profits to distribute among its partners in the sector, executives announced. […]
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Evertec reports $146M in 3Q21, up 7% YoY; signs deal with Caja Popular Mexicana
October 28, 2021
Evertec Inc. announced total revenue for the quarter ended Sept. 30, 2021, of $145.9 million, an increase of 7% compared with $136.5 million in the prior year quarter as it “continues to benefit from increased transactions in Puerto Rico, driven by the continued effect from the inflow of federal funds, and increased revenue from our […]
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Puerto Rico Bankers Association adds 3 new financial institutions
October 28, 2021
Banco Cooperativo de Puerto Rico, Banesco and the Federal Home Loan Bank of New York have joined the Puerto Rico Bankers Association, joining commercial banks Banco Popular de Puerto Rico, Citi and Firstbank, which are already part of the trade group. “For the Puerto Rico Bankers Association, it’s a great to be able to count […]
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FV Bank set to launch cryptocurrency-linked Visa card programs
October 28, 2021
San Juan-based FV Bank, which has a digital asset custody license from the Office of the Commissioner of Financial Institutions (OCIF, in Spanish), announced it has been approved as a principal member of Visa. With that certification, FV Bank is now both a full-service bank offering both traditional banking services and digital asset custody, as […]
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San Juan-based TransPerfect buys $30M property for future learning center
October 27, 2021
TransPerfect, a San Juan-based provider of language and technology solutions for global business, announced that its high-ranking officials have signed off on a $30 million property in Puerto Rico that will become the future home of TransPerfect’s Management Learning Center. “The total investment…in the Puerto Rico-based facility signals the beginning of a new era for […]
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Op-Ed: Puerto Rico’s Plan of Adjustment in peril, we all face unknown journey
October 27, 2021
On July 1, 2016, Puerto Rico decided to default on its General Obligations bonds, a credit protected by our constitution and debt which should have NEVER defaulted. Most of us realize the Financial Oversight and Management Board for Puerto Rico (FOMB) exists because our politicians could not avoid the financial crisis that led us to […]
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Puerto Rico telecom official named to FirstNet Authority board
October 27, 2021
Alexandra Fernández-Navarro, current commissioner of the Puerto Rico Public Service Regulatory Board, has been named by the US Secretary of Commerce to serve on the Board of the First Responder Network Authority. The FirstNet Authority has 12 non-permanent members selected by the Department of Commerce and three permanent seats occupied by the US Attorney General, the […]
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Grupo Guayacán opens EnterPRize 2021 Judging Session to the public
October 27, 2021
The 16th edition of the EnterPRize business competition is in its homestretch, and for the first time, the public will be able to witness the companies’ final presentations and vote for their favorite team for the special award “Sembrando el Futuro.” This award is one of many prizes that will be granted on Dec. […]
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First BanCorp. reports $75.7M in 3Q21 net income
October 26, 2021
First BanCorp., FirstBank Puerto Rico’s parent company, reported net income of $75.7 million, or $0.36 per diluted share, for the third quarter of 2021, compared to $70.6 million, or $0.33 per diluted share, for the second quarter of 2021, and $28.6 million, or $0.13 per diluted share, for the third quarter of 2020. Financial results […]
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Online platform Seed, which caters to Latin music industry, to launch new program
October 26, 2021
As part of its mission to help the new generation of independent artists, producers, and music entrepreneurs, the Seed online platform announced the launch of R3, an educational program where users will learn to register their music and collect their royalties internationally in three steps. The program will go live Oct. 28, platform officials said. […]
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WestJet to return to Puerto Rico after COVID-19 hiatus
October 26, 2021
Canadian airline WestJet announced it will be returning to Puerto Rico during the upcoming winter season, with a once-weekly flight between the Luis Muñoz Marín International Airport (LMM) and the city of Toronto. Service is slated to begin Dec. 18, the company confirmed. Puerto Rico is one of 95 destinations that the carrier will fly […]
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SBA, Western Puerto Rico Chamber of Commerce to benefit businesses
October 26, 2021
The US Small Business Administration Puerto Rico & US Virgin Islands District Office entered a formal partnership with Western Puerto Rico Chamber of Commerce Inc. to foster an economic climate favorable to the development of small businesses and entrepreneurs. By signing a Strategic Alliance Memorandum, the SBA and the Western PR Chamber will present information and […]
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