5 new stores arriving to Plaza Las Américas before year’s end
October 23, 2019
The management of the Plaza Las Américas shopping center announced the arrival of five new stores and the opening of nine new shops that began doing business in recent weeks. The new stores that will join Plaza Las Américas this year are: Reservalife, Jewelz & Co., gef France, Sumaq Silver & Jewelry and Daazh. In […]
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Partnership to assist P.R.’s Community Health Centers in emergency preparedness
October 23, 2019
The Puerto Rico Science, Technology and Research Trust announced the collaboration of the Puerto Rico Public Health Trust with the Migrant Clinicians Network in “The Community Health Centers in Puerto Rico in the emergency preparedness through community mobilization” project to benefit Puerto Rico Community Health Centers, known as 330 Centers. Recently, the Migrant Clinicians Network, […]
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U.S. Corps of Engineers transfers repaired Guajataca Dam to P.R. gov’t
October 23, 2019
Representatives from the U.S. Corps of Engineers officially handed back a repaired Guajataca dam to the Puerto Rico Electric Power Authority, after completing work at a cost of $50 million from the Federal Emergency Management Agency. After the impact of Hurricane María in 2017, the reservoir — which is operated by PREPA — suffered serious […]
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Op-Ed: Demography will dictate the failure of PROMESA
October 23, 2019
Over the last decade, a group of demographers has raised their voices concerning the Puerto Rico’s population decline. Probably the most accessible and comprehensive text on this topic is “Puerto Rico 2000–2010: Más allá del censo” by Raúl Figueroa, Dr. Rosario Rivera-Negrón and Dr. Judith Rodríguez-Figueroa. Here, I will present some demographic trends regarding Puerto […]
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DMO confirms double-digit growth in meetings, events from Jan. to Sept.
October 23, 2019
Destination Marketing Organization Discover Puerto Rico revealed that the island’s meeting and events strategy is “putting Puerto Rico back on the map as a preferred destination for the industry.” From January to September 2019, confirmed events for future years reached 197, almost twice as many than those booked in 2018, when 103 events took place. […]
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Puerto Rico Society of CPAs launches ‘Martes de números’ weekly podcast
October 23, 2019
The Puerto Rico Society of CPAs announced the launching of its “Martes de Números” weekly podcast, which will feature different CPA’s and special guests, who will discuss issues of interest and relevance to the profession and the community. “With this new initiative, we fulfill the Puerto Rico Society of CPAs primary mission, which is serving […]
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First BanCorp. to buy Banco Santander Puerto Rico in $1.1B transaction
October 22, 2019
First BanCorp., parent of FirstBank Puerto Rico, announced the signing of a stock purchase agreement for FirstBank to acquire Spanish bank Banco Santander Puerto Rico in an all-cash transaction worth $1.1 billion. The transaction is subject to receipt of all necessary regulatory approvals and is expected to close in mid-2020. When broken down, the 100% […]
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Oriental CEO says P.R. economy ‘transitioning,’ as co. reports 3Q19 results
October 22, 2019
Oriental CEO José Rafael Fernández believes Puerto Rico has an economy that is “transitioning, from not only the aftermath of [Hurricane] María reconstruction, but also for the last 12, 13 years of economic contraction.” During a call with analysts to discuss its third quarter results, Fernández said while federal funds are trickling in, “there is […]
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Nespresso launches ‘Cafecito de Puerto Rico,’ its 1st local coffee
October 22, 2019
Nespresso announced the launch of Cafecito de Puerto Rico, its first Puerto Rican coffee, available exclusively to U.S. mainland consumers. As the newest addition to the “Reviving Origins” program, this limited-edition coffee highlights the natural earthiness of Puerto Rico’s coffee beans. Since 2018, Nespresso has been working with the Hispanic Federation and coffee farmers in […]
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Boston Scientific to sponsor free business devel. course for 10 local co.’s
October 22, 2019
Medical devices manufacturing company Boston Scientific, announced it will sponsor the participation of 10 local business owners in the “Strategic Business Owner” course, in partnership with business development and coaching firm The Growth Coach. The course, designed to help business owners implement the strategies and tools needed to grow their company and reach their potential, […]
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Emergency drill taking place at Luis Muñoz Marín Int’l Airport today
October 22, 2019
Aerostar Airport Holdings, LLC, administrator and operator of the Luis Muñoz Marín International Airport is holding an emergency drill today that will entail the participation of multiple agencies and personnel. The full-scale exercise is planned to start between 9 a.m. and 10 a.m., and will last some six to eight hours, airport executives said. Spirit […]
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PREPA to turn over documents, electrical system data to CAMBIO, IEEFA
October 18, 2019
The Puerto Rico Electric Power Authority will to provide CAMBIO and the Institute for Energy Economics and Financial Analysis complete access to its electrical system data, the nonprofits announced. The organizations had requested the information to carry out a modeling study based on distributed renewable energy sources. Because the data contains confidential information on critical […]
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Pediatric Hospital Foundation reopens NICU South after $400K upgrade
October 18, 2019
The Pediatric Hospital Foundation reopened the Neonatal Intensive Unit South Ward of the Antonio Ortiz University Pediatric Hospital at the Río Piedras Medical Center, whose roof suffered damage in the wake of Hurricane Maria in 2017, which damaged the interior of the critical care unit for infants and neonates. Thanks to private donors, the repair […]
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More island homes benefit from Weatherization Assistance Program in ’19
October 18, 2019
More local residents are benefiting from the Weatherization Assistance Program in Puerto Rico, where some 259 homes are splitting an investment of $439,446 this year, Economic Development and Commerce Department Secretary Manuel Laboy announced. The current number represents 131 additional homes that will benefit, in comparison to those on record for the years 2017 and […]
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Wunderman Thompson Puerto Rico opens for business
October 18, 2019
WPP announced the launch of Wunderman Thompson Puerto Rico, a new product integration firm belonging to advertising agency J. Walter Thompson and global digital business company Wunderman. The new business aims to strengthen capacities in creativity, technology, data and strategy. It is directed by a new generation of executives whose careers “combine the capabilities and […]
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