Gov. Pedro Pierluisi offered a detailed breakdown of the use that will be given to some $4 billion allocated to the Puerto Rico under the American Rescue Plan Act of 2021. During a news conference — and flanked by Secretary of State Omar Marrero, Treasury Secretary Francisco Parés and Office of Management and Budget Executive […]
DirecTV announced that AT&T and TPG Capital have closed on the agreement announced in February 2021 to establish DirecTV as a separate video company. Under this new company, DirecTV owns and operates the former AT&T US and Puerto Rico video business unit. With the new company, there will no change to the products and services […]
Low-fare carrier Frontier Airlines announced 15 new nonstop routes, including three-times weekly service between Jacksonville International Airport in Florida and San Juan’s Luis Muñoz Marín International Airport (LMM). The airline is also expanding significantly in Miami with nine new routes, including its first-ever service to Aruba, along with flights to the Turks & Caicos. “We’re […]
Andersen Global is extending its reach into the Puerto Rican market with a collaboration agreement with San Juan-based law firm Casillas, Santiago & Torres, LLC (CST Law). Founded in 2011, CST Law is a full-service firm focusing on business and commercial law with capabilities in corporate, tax, commercial and employment law litigation, real estate, immigration, […]
The Bahía Beach Resort & Golf Club in Río Grande announced the integration and opening of the Trackman Range technology that allows golfers and amateurs to go from practicing using eight points to capture ultra-precise information on their shots, to accessing a series of games, or playing virtually on another course with Virtual Golf software. […]
The Puerto Rico Department of Housing announced the opening of the Investment Portfolio for Growth Program (IPG), which is receiving applications to grant up to a maximum of $50 million in low-interest, long-term, partially forgivable loans. IPG has an allocation of $800 million in CDBG-DR recovery funds and is pursuing the island’s economic revitalization on […]
Business accelerator Startup.pr has opened a call for local innovators with technology-based projects to apply to the sixth edition of its Pre-Seeding Program by Aug. 8. Winning participants will receive training, prototype design consultancy services, and $5,000 each, said Amaury Malavé, Innovation and Technology Complex director. Six early-stage technology projects will be selected for this […]
The Purchasing Managers Index (PMI) for Puerto Rico’s manufacturing sector decreased for the fourth consecutive month to 53.3 in June, according to a report produced by the Puerto Rico Manufacturers Association and the Puerto Rico Institute of Statistics. The PMI has sub-indexes — employment, production and new orders — all of which were above the […]
Liberty Latin America Ltd. and Telefónica S.A. in Costa Rica announced that the companies have received authorization from Costa Rican President Carlos Alvarado Quesada, for the sale of Telefónica’s operations in Costa Rica to Liberty Latin America’s 80% subsidiary, Cabletica. Liberty Latin America, parent company of Liberty Puerto Rico, will reportedly pay $505 million for […]
TransPerfect, a provider of language and technology solutions for global business, announced it will merge operations with Semantix, the Nordics’ largest provider of translation and interpretation services, through the acquisition of the group’s parent entity, Semantix International Group AB. The deal is said to be worth somewhere in the mid-$90 million, News is my Business […]
New research from Expedia Group reveals shifting views on travel, including positive sentiment on vaccine passports, increased budgets, and an enduring demand for safety and financial security. The Traveler Value Index examined the views of 8,000 people in eight countries to understand their values and expectations as the pandemic becomes more controlled in many parts of the world. “As […]
To mark its 35th anniversary, the Puerto Rico Community Foundation has launched a fundraising campaign entitled “35 Forjadores de Esperanza” (“35 Hopemakers”) to put a spotlight on the work of 35 people who have stood out for promoting uplifting and innovative changes in the communities they serve, and who have been linked to the nonprofit […]
The US Small Business Administration will launch a streamlined Paycheck Protection Program forgiveness application website to allow some 6.5 million borrowers with PPP loans of $150,000 or less to apply for forgiveness directly through the SBA, it announced. On Aug. 4, the site will begin accepting applications from borrowers that have a PPP loan with […]
Foundation for Puerto Rico (FPR) is moving ahead with its Bottom Up Destination Recovery Initiative to drive the island’s recovery based on a sustainable model that supports communities to become more resilient and proactive in the development of their social, natural and cultural assets. On Aug. 11, the program will present the destination plans created […]
A good investment climate offers opportunities for companies ranging from microenterprises to multinationals. Promoting a favorable investment climate allows them to invest productively, create jobs, attract new investments to the island, or expand operations, among other activities. The recent determination of Moody’s Investors Service to withdraw its ratings for the Government of Puerto Rico and […]
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA