Triple-S Advantage HMO keeps 4-star rating for 4th year in a row
October 11, 2019
Triple-S Management Corp. announced that its Triple-S Advantage 2020 Care Coordination Medicare Advantage HMO contract (H5774) will remain among Medicare Advantage plans with at least a 4-star rating — out of a maximum rating of 5 stars from the Centers for Medicare and Medicaid Services — for a fourth consecutive year. “Only one-in-three Medicare Advantage […]
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Join-a-Join revamps short-term property rental platform
October 11, 2019
Join-a-Join, an online travel platform based in Puerto Rico that links people who want to offer their homes for rent with guests who need temporary or short-term accommodations, has relaunched its platform in time for winter vacation travel. “Our favorite time of the year is coming up, which means that it’s time to plan that […]
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GM Security Technologies, Visa promote payment security in LatAm, Caribbean
October 11, 2019
Cybersecurity firm GM Security Technologies and Visa announced they will work together to accelerate the adoption of “secure, compliant and trustworthy” digital payment eco-systems in Latin America and the Caribbean. Together the companies are launching the “PaySec Day” roadshow across major cities in Latin America and the Caribbean throughout the year. The PaySec Day initiative […]
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P.R. Tourism Co.’s ‘Voy Turisteando’ campaign pumps $52.2M into economy
October 10, 2019
The Puerto Rico Tourism Co.’s “Voy Turisteando” campaign that ran from April to August 2019 generated $52.2 million for the local economy and prompted a 43% increase in hotel room stays islandwide, agency officials announced. The campaign “exceeded” expectations, Tourism Co. Executive Director Carla Campos said. The promotional effort, which focused on a campaign centered […]
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Op-Ed: Is AT&T’s exit from P.R. a harbinger of bad tidings? Perhaps.
October 10, 2019
Today’s news about the acquisition of AT&T by Liberty comes as no surprise to those that have been monitoring the industry and following the latter’s expansion strategy in Latin America. The surprise here is the target: AT&T. Due to the perceived strength and tightness of the top tier operators in Puerto Rico, it was always […]
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Total Petroleum P.R. invests $6M to boost transportation safety standards
October 10, 2019
Total Petroleum Puerto Rico, Corp. announced its decision to raise fuel transportation safety standards for its operations on the island, with an investment in a new fleet and equipment as well as the adoption of security measures for fuel handling and transportation. This new phase of the Program for Improvements in Road Transportation (PATROM, for […]
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Ferries del Caribe Foundation delivers 1M+ lbs. of aid to the Bahamas
October 10, 2019
The Ferries del Caribe Foundation transported and delivered 1,093 pallets of necessities to the islands of the Bahamas directly affected by the passage of Hurricane Dorian, the nonprofit announced. The 1.6 million pounds of aid delivered on Oct. 5 will be distributed to hurricane victims through the Salvation Army and the Caribbean Bottling Co. For […]
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Top cruise ship industry execs confirmed for upcoming trade show
October 10, 2019
The FCCA Cruise Conference & Trade Show has already enlisted “the most-ever presidents and above from FCCA Member Lines confirmed in its history” for its upcoming trade show taking place in San Juan Oct. 21-25, executive said. The event will offer meetings and workshops along with networking, exhibiting and sponsorship opportunities for cruise tourism stakeholders […]
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Liberty Latin America to acquire AT&T’s operations in P.R./USVI for $1.95B
October 9, 2019
Liberty Latin America Ltd. announced it has entered into a definitive agreement to acquire AT&T Inc.’s wireless and wireline operations in Puerto Rico and the U.S. Virgin Islands, in an all-cash transaction valued at $1.95 billion. “This strategic and complementary acquisition is an exciting and unique opportunity to expand our business in one of our […]
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P.R.’s ‘baby boomers’ hold lowest average personal loan balances, Experian says
October 9, 2019
Baby boomers in Puerto Rico have the lowest personal loan balances, carrying an average of $10,158 in the second quarter of 2019, according to data released by consumer and business credit reporting and marketing services firm Experian data. “While this balance is still twice the national average held by Generation Z, it’s 38% less than […]
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Four Points by Sheraton in Caguas undergoing $7M renovation
October 9, 2019
The Four Points by Sheraton hotel in Caguas announced that 15 years after opening as the first hotel in the region, it will be unveiling a $7 million renovation of its facilities during the upcoming Christmas season. The hotel is betting on the progress of the local economy and the island’s human resources, Miguel Rivas, […]
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Condé Nast Traveler names P.R. #1 Caribbean island
October 9, 2019
Travel industry magazine Condé Nast Traveler announced the results of its annual Reader’s Choice Awards, and Puerto Rico was recognized as the #1 Caribbean Island on the list of “Top 5 Islands in the Caribbean & the Atlantic” for 2019. “Puerto Rico’s tourism continues to thrive in full force with revenue and passenger arrivals at […]
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3A Press expands printing operation in Lajas following $7M investment
October 9, 2019
3A Press, a printing operation that supplies the pharmaceutical and medical devices industries, has expanded its operation in the town of Lajas, following a $7 million investment in equipment and machinery. During a tour of the facility, Department of Economic Development and Commerce Secretary Manuel A. Laboy, lauded the move of the company he described […]
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FirstBank CEO Alemán to preside P.R. Bankers Association
October 9, 2019
The Puerto Rico Bankers Association announced the election of FirstBank CEO Aurelio Alemán as its new president, effective Oct. 1. PRBA Executive Vice President Zoimé Álvarez-Rubio said other board positions were also filled — Guillermo Gómez, president of Citi and José Rafael Fernández, president of Oriental Bank, were elected as vice president and treasurer, respectively. […]
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Rural Development awards $249K to P.R. Community Foundation
October 9, 2019
The Puerto Rico Community Foundation will promote economic development and entrepreneurship in Puerto Rico’s southwestern and eastern areas after receiving a grant of $249,604 from the U.S. Department of Agriculture’s Rural Development program, the entities announced. The Foundation will match the award dollar-for-dollar to implement the Recovery Program-Rural Community Development Initiative for Puerto Rico, the […]
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