Local wood, particulate panel and PVC furniture factory, DNG Inc. in San Sebastián, is planning to invest $500,000 to expand its plant and also consider the possibility of exporting its products to the US mainland. The information was revealed during a visit by Department of Economic Development and Commerce Secretary Manuel Cidre, who was on […]
Supermarket chain Hatillo Kash N’ Karry, which has a stronghold in Puerto Rico’s northwestern region, announced the availability of its online grocery shopping service called readykart.com. The new service gives consumers access to more than 8,000 grocery products and select between delivery (which carries an $8 fee) or pick-up (for $4) options at one of its four […]
Sun West Mortgage Company has introduced its conventional non-conforming loan program, becoming the only US based mortgage bank to offer it in Puerto Rico, and the first one to launch this product in more than 15 years, it confirmed. The mortgage company, which marking its 10th anniversary of operations on the island, provides technology solutions […]
The U.S. Small Business Administration announced details on application requirements, eligibility, and a program guide for the $28.6 billion Restaurant Revitalization Fund (RFF), which seeks to help bring back jobs and revive one of the hardest-hit economic sectors since the start of the COVID-19 pandemic. The SBA will administer the funds to the most affected […]
The first 10 new operating rooms to be located at the Río Piedras Medical Center’s Julio A. Pérez building were recently unveiled following a $5 million investment, the government’s Medical Services Administration, which manages the hospital, announced. In these rooms, general surgeries, orthopedic surgeries, ear-nose and throat, ophthalmology, urology, maxillofacial and neurosurgery can be performed, […]
U.S. Customs and Border Protection Officers and Import Specialists in the Port of San Juan recently seized 1,869 counterfeit Viagra pills and 1,620 half-face motorcycle helmets that did not comply with National Highway Traffic Safety Administration regulations, it announced. Combined, the confiscated items had a street value of $436,649, the agency confirmed. “Consumers and small […]
Puerto Rican grocery store chain Selectos announced it has introduced its Easy Shop app to shoppers in the US mainland looking to make purchases for people residing on the island. Mayreg Rodríguez, executive director of Selectos, said the grocery store is looking to reach the estimated seven million Puerto Ricans living in the continental US, […]
The challenges and opportunities that Puerto Rico is facing to be able to competitively insert itself in international markets will be the topic of an online seminar tonight at 7 p.m. that is open to the public. Department of Economic Development and Commerce Secretary and Gloria Viscasillas-Aponte, vice president of Economic Development Programs at Banco […]
Casa Febus, the Puerto Rico-based home décor boutique, recently opened its third retail location in Orlando, Florida, following a $150,000 investment. The 6,060 square foot store located in Waterford Lakes Town Center will provide home decor lovers “a boutique shopping experience at affordable prices.” In 2015, Casa Febus began expanding its operations to Florida, with […]
Puerto Rico-based pharmacy benefit manager Abarca, which is disrupting the industry with a new approach to technology and business practices, announced it had been selected to present its pharmacy engagement program at the 2021 annual US Academy of Managed Care Pharmacy conference. The annual managed care conference is attended by more than 1,000 healthcare leaders […]
The Financial Stability Index for Puerto Rico’s banking industry, prepared by Estudios Técnicos, Inc. (ETI), shows that the industry’s liquidity and solvency remain strong despite the current economic environment. “The financial stability index for Puerto Rico’s banking industry has recovered after declining from 0.64 in the fourth quarter of 2019 to 0.54 in the first […]
The Puerto Rico Tourism Co. announced that a sustainable hotel, Lejos Eco Retreat, will be opening in Vieques this fall. The hotel entails a $1 million investment and will create a total of 25 jobs, 20 in construction and five in operations, officials said. The eco-friendly resort will feature 13 modern units, a campsite, and […]
People across the globe are itching to travel once again, and based on Google searches, Puerto Rico is “the fastest-growing destination in the world,” Discover Puerto Rico, the island’s Destination Marketing Organization (DMO) confirmed. According to recent travel search data calculated by Destination Insights with Google, which monitors travel trends, Puerto Rico is the top […]
During the past five weeks, we have seen our progress with the pandemic vanish, causing an increase of up to 300% in the positivity rate and hospitalizations. While the data indicate that 91% of outbreaks occur in the family environment, they also reflect that a substantial number of infections occurred in closed commercial spaces, such […]
Medical cannabis products company Tropizen announced it has launched the third phase of the expansion plan of its production facilities in Canóvanas, which will allow it to further grow its portfolio of medicinal cannabis products for sales in both Puerto Rico and the continental United States. The construction project, which is estimated to be completed […]
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