The Puerto Rico Polytechnic University announced to its students and the community that it will return to in-person classes during the 2021-22 academic year that starts Aug. 9. However, it will keep its virtual and hybrid courses for students who prefer to study remotely. “We know that many students are eager to actively participate and […]
Orlando Bravo, founder and managing partner of private equity firm Thoma Bravo, today announced a $250,000 donation from his Foundation, the Bravo Family Foundation, to the Support Surfside fund. The Bravo Family Foundation’s donation will support temporary housing for displaced families before insurance arrives, and therapy for those victims. This donation is in addition to […]
The jobs and economic impact anticipated by the Puerto Rico government never materialized. From being an instrument to attract millionaires and foreign investment, Act 22 went on to become a haven for cryptocurrency fans, YouTube personalities and consultants. By Luis J. Valentín Ortiz, Joel Cintrón Arbasetti and Dalila M. Olmo LópezCenter for Investigative Journalism A […]
The latest report by the Puerto Rico Economic Development Bank’s Center for Economic Studies confirmed that increases in fuel prices are “affecting business operations and daily life,” agency President Luis Alemañy said. The price of any good can spike when it’s cost of production increases, inventories are scarce or its market demand is on the […]
Fitch Ratings announced it has upgraded First BanCorp’s (FBP) Long-Term Issuer Default Rating to ‘BB’ from ‘B+,’ with a stable outlook. “The upgrade primarily reflects Fitch’s review of FBP’s blended operating environment score as well as the resiliency of FBP’s financial profile despite the significant challenges in Puerto Rico’s operating environment over the past several […]
Puerto Rico’s hospitality and entertainment businesses are facing a challenge of great proportions, as we continue the economic reopening that we all long for. In the quest to get more people vaccinated, the protection recommendations issued by our government and health leaders are confusing and inconsistent, causing many residents and visitors to lower their guard, […]
Nestlé Professional announced the expansion of its product offering with the integration of its first Puerto Rican bean coffee, Nescafé Espresso Puerto Rico. With the launch of Nescafé Espresso Puerto Rico, Nestlé seeks to continue its strategy to increase coffee sales in Puerto Rico, which have been in recovery after the impact of the atmospheric […]
Integrated healthcare system MSO of Puerto Rico announced it will cover the costs of transferring four resident neurosurgery physicians to the US mainland, to facilitate the completion of their residency requirements. “Puerto Rico needs more health professionals who can serve the population, particularly the elderly. Undoubtedly, neurosurgeons are vital specialists, responsible for the study, diagnosis, […]
Messer Gas Puerto Rico, a subsidiary of Messer Américas, an industrial gas provider, is marking its second anniversary in Puerto Rico with plans to increase its exports throughout the region. David García, general manager for Puerto Rico and the Caribbean said the short-term goal is to expand its footprint of products and services in the […]
During the most recent Porsche NEXT: Digital Innovation Forum, panelists concluded that Puerto Rico is “on the right track” to becoming a smart island that integrates renewable energy, sustainable architecture, electric vehicles, and environmentally friendly infrastructure. To fully achieve this objective, Puerto Rico must have a smart electrification network, have greater access to internet with […]
Public discussion and social movements like Black Lives Matter might suggest there has been great progress in terms of diversity and inclusion in corporate America’s boardrooms. Let’s take a look at what a recent study shows. According to the 6th edition of the “Missing Pieces Report,” conducted by the Alliance of Board Diversity (ABD) in […]
Liberty Puerto Rico announced it is relaunching its Liberty Go application, which is now available at major app stores for its television customers and at no extra cost. The redesigned app, which had been previously available in a Beta version, has now been upgraded to fix some bugs and add extra enhancements. It replaces the […]
The island’s construction industy continues to face challenges that could affect reconstruction efforts and the government’s ability to maximize the potential of federal funds available for repairs related to the 2017 hurricanes and 2020 earthquakes. Umberto Donato, president of the Puerto Rico Chapter of the Associated General Contractors of America (AGCPR), said during the group’s […]
Financial institution Oriental recently launched its new institutional advertising effort, using the “Sí puedo” (“Yes I can”) slogan, which seeks to celebrate the accomplishments of its clients, who testify to the impact the bank has had on their lives. The campaign carries an investment of some $800,000 and includes 30-second spots for TV, as well […]
The Financial Stability Index of commercial banks in Puerto Rico, prepared by Estudios Técnicos Inc., shows a strengthening in the banking industry this year, mainly due to an improvement in its liquidity and increases of $16 billion in deposits in the first quarter of 2021. “The index increased from 0.52 in the first quarter of […]
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA