Lantheus Holdings Inc. sells Puerto Rico operations for $18M
December 7, 2020
Lantheus Holdings Inc. announced the sale of its Puerto Rico radiopharmacy and positron emission tomography manufacturing facility in Ponce to PharmaLogic Holdings Corp. for $18 million in cash. As part of the transaction, Lantheus and PharmaLogic will also enter into a long-term supply agreement under which Lantheus will continue to supply PharmaLogic with Lantheus’ products […]
chat_bubble0 Comment
visibility1660 Views
The Banker Magazine names Banco Popular ‘Bank of the Year in Puerto Rico’
December 7, 2020
The Banker, The Financial Times’ international banking magazine, has named Banco Popular de Puerto Rico at “Bank of the Year Puerto Rico” for the seventh consecutive year. The Banker announced the award during the virtual awards ceremony held recently. According to The Banker, 2020 has been “an incredibly tough year,” as the COVID-19 pandemic brought […]
chat_bubble0 Comment
visibility2510 Views
Liberty: AT&T network, service continue to deliver 1 month into transition
December 7, 2020
One month after it officially acquired AT&T’s wireless and wireline operations in Puerto Rico and the US Virgin Islands, Liberty Puerto Rico gave an update on the integration process, saying that the wireless network continues to perform “very well, and service has not been impacted.” Liberty is moving full speed ahead with 5G deployment in […]
chat_bubble0 Comment
visibility1427 Views
Op-Ed: Climate change increasingly forcing Puerto Ricans to flee island
December 7, 2020
The changes our planet is undergoing due to human activity has been a growing topic of discussion in recent years. As the damage we’re creating has gotten harder to ignore, finding someone who isn’t concerned about climate change is, thankfully, becoming more and more difficult. It’s hard to find a news channel that isn’t covering […]
chat_bubble0 Comment
visibility1301 Views
LaCalleComercio.com online mall opens to help Puerto Rico’s SME’s
December 7, 2020
LaCalleComercio.com, an online shopping center recently unveiled to help Puerto Rico’s small and medium-sized businesses (SME’s) expand their sales amid the restrictions due to the COVID-19 pandemic, is now open for companies to create their virtual stores. Axel Caraballo, executive director and who created and manages the project along with lawyer Max Caraballo and communicator […]
chat_bubble0 Comment
visibility1454 Views
Mobilitie to deploy 5G wireless network at Coliseo de Puerto Rico
December 7, 2020
Less than two weeks after announcing it had selected California-based Mobilitie to provide wireless broadband connectivity to the Puerto Rico Convention Center, its operator AMS Global — which also manages the Coliseo de Puerto Rico — confirmed it has signed up the same provider for the indoor arena. “Bringing a new network with 5G capability […]
chat_bubble0 Comment
visibility2105 Views
ConPRmetidos launches initiative to attract world-class professionals to Puerto Rico
December 7, 2020
Puerto Rico-based nonprofit ConPRmetidos recently unveiled the program ElComebackPR.org, a platform aimed at bringing back Puerto Rican professionals living and working in the diaspora, and non-Puerto Rican entrepreneurs/workers back to the island. The program seeks to connect professionals and anyone who wants to contribute to the Puerto Rico’s economy with employment opportunities on the island. […]
chat_bubble0 Comment
visibility1730 Views
Power Sports unveils new $3M expanded retail concept
December 7, 2020
Local retailer Power Sports announced the opening this week of its new home appliance and power generation equipment outlet store, just in time for the start of the holiday season. The opening of the 26,000 square-foot store is part of an expansion project driven by an investment of more than $3 million. The new retail […]
chat_bubble0 Comment
visibility1966 Views
Puerto Rico Treasury Dept. confirms Medicare cash benefit is not income
December 4, 2020
The Puerto Rico Treasury Department has ruled that the cash benefit available in certain products to Medicare Advantage plan members is not considered income and, therefore, does not affect the member’s eligibility for other programs and services based on income. “We’re very pleased that the Treasury Department expressed and confirmed through a ruling that the […]
chat_bubble0 Comment
visibility1526 Views
Demographic Registry expands online services for Puerto Rico residents
December 4, 2020
Puerto Rico residents will be able to request eight different types of services from the Demographic Registry’s website with the creation of a digital citizen profile, said Glorimar Ripoll-Balet, Executive Director of the government’s Puerto Rico Innovation and Technology Service (PRITS) office. Puerto Rico residents may apply for a birth certificate, marriage certificate, death certificate […]
chat_bubble0 Comment
visibility4017 Views
$350K Marocha restaurant brings its ‘free spirit’ local cuisine to Miramar
December 4, 2020
At an investment of $350,000, Chef Owner Eileen Sánchez unveiled her new culinary offering in Miramar, called Marocha. The opening of the eatery was scheduled for March 2020, when the pandemic challenged her plans, but not her entrepreneurial spirit. “Without a doubt, the pandemic has been a blow to us and to the restaurant industry […]
chat_bubble0 Comment
visibility2011 Views
Homebuilders Association bestows ‘Banker of the Year’ award to FirstBank exec
December 4, 2020
The Puerto Rico Homebuilders Association bestowed its “Banker of the Year” award to Alexis Aguiar, first vicepresident of FirstBank’s corporate banking division, the bank announced. The Association assigns the award for excellence in the person’s performance and their contribution in the construction industry, in the community and in Puerto Rico’s economic development. The award ceremony […]
chat_bubble0 Comment
visibility1343 Views
Construction of new $12.3M Allmost Homes Hotel underway in Condado
December 3, 2020
The Allmost Homes Hotel, a new $12.3 million hotel under construction on Ashford Ave. in the Condado sector of San Juan, will convert a former building into suites, marking the arrival of a new type of lodging concept to Puerto Rico’s tourism industry. The property is slated to open in October 2021. “The concept seeks […]
chat_bubble0 Comment
visibility3327 Views
Grupo Guayacán awards 3 business ideas focused on sustainability and resilience
December 3, 2020
Grupo Guayacán, sponsors of the I-Corps Puerto Rico entrepreneurial bootcamp, announced the three winners of its 11th cohort, which drew 22 participating teams. Seed capital prizes totaling $8,500 were awarded with the support of the Massachusetts United for Puerto Rico (MUPR) fund at the Boston Foundation. The team from Mujerona was awarded the first prize […]
chat_bubble0 Comment
visibility1897 Views
Entrepreneur opens 2nd Migas restaurant in Mayagüez
December 3, 2020
Franky Suárez-Caro, a 30-year-old entrepreneur announced the opening of a second location of its Migas restaurant on Route 2 in Mayagüez, for which he invested $100,000. The opening, he said, responds to “the constant and ongoing support from coffee lovers and diners from the southwest and across the island.” The new 1,300 square-foot casual dining […]
chat_bubble0 Comment
visibility2213 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA