CNE reviews ‘key events’ in the pipeline for P.R.’s energy policy
December 23, 2019
The Center for a New Economy recently hosted members of the media to provide context and information to journalists as they prepare to cover two key events for Puerto Rico’s energy policy. First, the Puerto Rico Energy Bureau will hold a public hearing in February to discuss Puerto Rico Electric Power Authority’s (PREPA) Integrated Resource […]
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Toyota Foundation grants $101K to 7 environmentally friendly nonprofits
December 23, 2019
Toyota Foundation announced that seven nonprofits in Puerto Rico dedicated to education, research and natural resource conservation will split $101,958 to move their initiatives forward. During a recent ceremony, Saskia Gómez, public relations executive for Toyota de Puerto Rico, which sponsors the foundation, said through education, voluntarism or innovation, the Environmental Donations program annually identifies […]
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Op-Ed: Join the team to fight fraud in 2020
December 23, 2019
We’re all constantly complaining about the problem of corruption in Puerto Rico. This epidemic affects us all. A dollar that is stolen or wasted in government, is money that does not reach schools, hospitals, police or roads. We all pay that one. We can’t stand it anymore. But corruption is a disease that not only […]
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Delta Airlines relaunches San Juan-Detroit route
December 23, 2019
Delta Airlines has relaunched a direct flight between the Detroit Metropolitan Airport and the Luis Muñoz Marín International Airport through April 7, 2020, Puerto Rico Tourism Co. Executive Director Carla Campos announced. This route represents an increase of 19,620 seats and an economic impact of $9.2 million for Puerto Rico between December 2019 and April […]
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Census: 50% or more of residents in 36 P.R. towns live in poverty
December 20, 2019
During the 2014-2018 period, 50% or more of the population in 36 of Puerto Rico’s 78 municipalities lived in poverty. Of those 36 towns, in six of them — Maricao, Guánica, Adjuntas, Lajas, Jayuya and Comerío — the level of poverty reached between 60% to 64%, according to the latest statistics revealed in the U.S. […]
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Spirit Airlines expands nonstop service from Luis Muñoz Marín airport
December 20, 2019
Low-cost carrier Spirit Airlines announced the expansion of service to Luis Muñoz Marín International airport with daily nonstop flights from Boston Logan International Airport and Newark Liberty International Airport, with a second daily flight from to New Jersey beginning Feb. 1, 2020. Three other cities will receive an additional daily flight to LMM in 2020 to complement existing […]
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U.S. Customs seizes $5.3M in counterfeit products entering P.R.
December 20, 2019
U.S. Customs and Border Protection (CBP) San Juan Field Operations announced the seizure of 289 shipments of counterfeit products imported into Puerto Rico via international mail or courier before the holidays. The estimated manufacturer suggested retail price of all the counterfeit products seized is $5.3 million. The domestic value of the purchased merchandise is $309,686, the […]
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Op-Ed: PREPA RSA hurts consumers, perpetuates debt crisis
December 20, 2019
A thorough and data-packed recent report on the potential impact of Puerto Rico’s PREPA debt restructuring plan proves what should be obvious: electricity prices that are already unaffordable will keep rising for the foreseeable future to pay for outstanding debt. The deal does not work for the people of Puerto Rico, will hurt economic recovery, and won’t […]
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AeroNet chooses microwave provider to deliver broadband to Old San Juan
December 20, 2019
Business Internet service provider AeroNet announced it has partnered with Siae Microelettronica Inc. to deliver network infrastructure to provide broadband to the Old San Juan historic district. Faced with the challenges of providing 10Gbps services in the zone, where there is limited fiber availability, AeroNet opted for a multi-band-link wireless solution offering fiber-like capacity, said […]
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Invest Puerto Rico shares detailed plan to promote P.R. as investment destination
December 19, 2019
Invest Puerto Rico, the island’s new economic development engine, shared its data-driven plan to promote Puerto Rico as an investment destination and help usher in the island’s “next great economic transformation,” said CEO Rodrick Miller. The promotional plan, based on extensive research and analysis of global megatrends, economic data, perceptions, disruptive factors and Puerto Rico’s […]
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FedeCoop invests $3.7M in new headquarters
December 19, 2019
The Puerto Rico Teachers Federation Credit Union (FedeCoop, for its initials in Spanish) recently inaugurated its new headquarters in Río Piedras, for which it invested $3.7 million. During the past 10 years, the institution has had growth that has led it to hire more staff and expand its facilities. The new facilities have a drive-thru […]
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New car sales show 5% Y-O-Y growth in November, trade group says
December 19, 2019
New car sales for the month of November totaled 10,503 in Puerto Rico, up 5% year-over-year from the 10,001 units sold in the same month in 2018, he United Group of Automobile Importers confirmed. GUIA, as the trade organization is known for its initials in Spanish, said, however, that new car sales so far this […]
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Local ice cream chain Paletados expands into Caribbean Cinemas
December 19, 2019
Puerto Rican ice cream pops maker Paletados will open its sixth location this Saturday at the Western Plaza movie theaters in Mayagüez, through an agreement with Caribbean Cinemas. The ice cream company established in 2017 has maintained sustained growth since its inception, generating more than 90 jobs in the region, executives said. “We’re super excited […]
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Christmas dreams come true for hundreds of children in foster homes
December 19, 2019
The activity dedicated to sports and music took place last weekend at the Guaynabo Municipal Athletic League, when children between the ages of 3 and 18 received gifts gathered during the annual RICOH Classic golf tournament. “Ricoh is a company that always supports the communities where it does business and seeks to impact social welfare […]
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Cuba Libre Restaurant & Rum Bar to open 1st restaurant in P.R. in Jan. ’21
December 18, 2019
Philadelphia-based Cuba Libre Restaurant & Rum Bar will open its first restaurant outside the U.S. mainland at the Plaza Las Américas mall in January 2021, the company announced. The planned 10,000 square foot restaurant will represent an investment of $8.6 million and is expected to create more than 200 new restaurant and construction jobs. Cuba […]
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