Fundación Triple-S donates $25K to Banco de Alimentos to fight hunger
December 13, 2019
Fundación Triple-S announced a $25,000 donation to Banco de Alimentos de Puerto Rico, as well as volunteer work by Triple‑S employees to fight hunger on the island. “The lack of access to food is a reality for one in three Puerto Ricans, and this is one of the main social factors that affect people’s health,” […]
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The Liberty Foundation awards $422K to 18 nonprofits through 22nd golf tourney
December 13, 2019
The Liberty Foundation closed the 22nd edition of the Liberty Foundation Golf Invitational Tournament awarding $422,000 for 18 nonprofit organizations on the island. The 18 organizations that received donations this year were Boys & Girls Clubs of Puerto Rico, Casa Familiar Virgilio Dávila, Casa de Niños Manuel Fernández Juncos, Centro Espibi, Centros Sor Isolina Ferré, […]
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Lupe Reyes Mexican restaurant to open at El Distrito complex in Miramar
December 12, 2019
Mexican restaurant Lupe Reyes is becoming the newest gastronomic proposal to join the El Distrito, Abelardo Ruiz, general manager of the entertainment complex in the Miramar sector of San Juan, announced. The holiday season known as “Guadalupe-Reyes Marathon” is a period of Mexican tradition that begins Dec. 12, the day that commemorates the Virgin of […]
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Walmart Puerto Rico adds 100+ new local products, services
December 12, 2019
Walmart Puerto Rico continues to expand the variety and quantity of local products and services offered to the public in its stores across the island as a result of the Puerto Rico Open Call, it announced. This program, which was carried out for the second year in a row, is part of a platform that […]
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Op-Ed: Prepare for your retirement
December 12, 2019
If you haven’t thought about your retirement years, now is the time to start. The sooner you start saving for retirement, the more you will achieve because it potentially increases the amount of money you will contribute for a longer time. It is estimated that you will need approximately 70% of your current income to […]
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FirstBank donates commercial office to One Stop career center
December 12, 2019
FirstBank’s Community Reinvestment Unit recently donated a 1,268-square foot commercial office to nonprofit organization One Stop Career Center of Puerto Rico Inc. The space, which consists of a waiting room, a storage area, and five offices, is located in Río Piedras. One Stop Career Center services sensitive populations such as former inmates who are in […]
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P.R. gov’t pursues Japanese investment on the island
December 12, 2019
Department of Economic Development and Commerce Secretary Manuel A. Laboy, traveled to New York this week, where he made a presentation to the Japanese Foreign Trade Organization and met with the Consul General of Japan in New York, Kanji Yamanouchi, looking to attract investment in Puerto Rico. “For two days we had the opportunity to […]
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MCS volunteers doubled their participation in community activities
December 12, 2019
Putting on more than 20,600 hours of volunteer work, MCS employees doubled their participation from last year in community activities that range from educational and recreational to cleaning, painting and decorating, the company said. This year, MCS Contigo employees supported 61 institutions in 60 municipalities. Some of the entities benefited by MCS Contigo’s volunteer work […]
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P.R. gov’t launches defined contribution plan for public employees
December 11, 2019
Puerto Rico government officials announced the start of the first phase of implementation and management of the new defined contribution plan for public employees, including teachers and judiciary system workers. During a roundtable with members of the media, Puerto Rico Fiscal Agency and Financial Advisory Authority (AAFAF, for its initials in Spanish) Executive Director Omar […]
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FEMA, COR3 obligate $59M for recovery work in P.R. in last 2 weeks
December 11, 2019
The Federal Emergency Management Agency and the Central Office for Recovery, Reconstruction and Resilience, or COR3, have obligated nearly $59 million in additional funds for 60 projects related to the recovery and reconstruction of Puerto Rico. These funds were obligated between Nov. 25 and Dec. 5, the agencies confirmed. “FEMA and COR3 continue to work […]
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Shareholder says Popular Inc. is ‘undervalued,’ calls for $1B stock repurchase
December 11, 2019
Raging Capital Management, LLC, a long-term shareholder of Popular Inc. (BPOP) said in a letter delivered to the institution’s board of director that the bank is “significantly undervalued” ad urges adopting a $1 billion stock repurchase plan. In the letter signed by William C. Martin, chairman and chief investment officer of Raging Capital Management, LLC, […]
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Op-Ed: Evaluating P.R.’s energy transformation is an opportunity to define, promote public interest
December 11, 2019
Puerto Rico is overhauling its electrical power system: evaluating its integrated resource plan (IRP), approving wheeling regulations, acquiring a concessionaire for transmission and distribution, and setting up private management of power generation plants, among other measures that will affect the island’s electrical system for years to come. Unfortunately, a scattershot approach is being taken to […]
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USDA assigns $453K to 4 P.R. agri-businesses for renewable energy systems
December 11, 2019
Four businesses in Puerto Rico will receive a combined $452,820 from the U.S. Department of Agriculture’s Rural Energy for America Program to develop renewable energy systems. In total, the USDA will invest $165.4 million to help farmers, ag producers and rural-based businesses lower energy cost. The agency is providing 621 awards to applicants in the […]
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Bella Group opens new $5M Flagship Ford dealership in Carolina
December 11, 2019
Puerto Rican vehicle distribution and sales company, Bella Group, recently inaugurated the new Flagship Ford dealership in Carolina, a project that entailed a $5 million investment and more than a year to complete. The 33,939 square-foot facilities includes sale, parts and service areas that sit on a six-acre plot near the Escorial neighborhood. The concessionaire […]
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P.R. Tourism Co. revives arts fair after 11-year hiatus
December 11, 2019
The Puerto Rico Tourism Co. will host the 23rd edition of its arts fair, to be held Dec. 14-15 at the Paseo de la Princesa in Old San Juan. Agency Executive Director Carla Campos said the fair, which has not been held since 2008, will draw more than 200 artisans who will exhibit and have […]
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