Discover Puerto Rico on track for ‘record-breaking’ year
August 23, 2019
With revenues of $603 million and an all-time high of arrivals year to date in San Juan, Ponce and Aguadilla airports with 2.59 million passengers; coupled with a full agenda of events in and outside Puerto Rico to showcase the destination, Discover Puerto Rico predicted it will achieve a “record-breaking” year in 2019. “Our aggressive […]
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CBP transforming USVI trade through technology
August 23, 2019
In 2016, U.S. Customs and Border Protection started the process to find a practical way to incorporate the U.S. Virgin Islands into the Automated Commercial Environment (ACE) to expedite imports. Fast forward to Aug. 2019, in an event at the Ron De Lugo Federal Building titled “Paving the way forward: Transforming the V.I. Trade through […]
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AbbVie, Direct Relief join to provide backpacks with medical supplies
August 23, 2019
Employees from AbbVie’s manufacturing sites in Puerto Rico assembled 480 first-aid backpacks equipped with medical supplies which Direct Relief, a humanitarian support entity will distribute in Puerto Rico. The backpacks were specially designed to support rescuers and first aid personnel in emergencies and disasters, the company stated. “As part of our commitment to Puerto Rico, […]
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Ranger American’s SAfeTM LLC subsidiary acquires Sky Processing’s assets
August 23, 2019
SAfeTM LLC, an affiliate of Ranger American Armored Services Inc., announced its acquisition of the Puerto Rico assets operated by Sky Processing. The transaction makes SAfeTM the largest ATM operator in Puerto Rico. The financial terms of the agreement and other details were not disclosed. “This acquisition allows us to offer our current and future […]
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FCC proposes fines against 3 co.’s that interfered with FAA weather radar in P.R.
August 22, 2019
The Federal Communications Commission’s Enforcement Bureau announced proposed fines and issued a formal industry warning related to devices that apparently caused interference to the Federal Aviation Administration’s terminal doppler weather radar station in San Juan. The Enforcement Bureau proposed three separate $25,000 fines against wireless internet service providers Boom Solutions, Integra Wireless, and WinPR. The […]
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American Airlines to increase frequency in San Juan/Dallas route
August 22, 2019
American Airlines has announced the expansion of its route between San Juan and Dallas, Texas as of Dec. 18, 2019, adding a second daily frequency. The increase in capacity has an economic impact of $34 million on the island’s economy, the Puerto Rico Tourism Co. said. The new flight will operate at night on an […]
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Freedom of the Seas to undergo $116M remodel, debuting March ’20 from SJ
August 22, 2019
A bolder and reimagined Freedom of the Seas cruise ship will set sail from San Juan starting March 2020 after undergoing a $116 million renovation, parent company Royal Caribbean announced. The ship’s makeover will include a redesigned pool area — including the “Perfect Storm” duo of waterslides — an array of restaurants and transformed kids […]
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Gov’t unveils list of allowed commercial activities for P.R.’s Opportunity Zones
August 22, 2019
The Opportunity Zones Priority Projects Committee has established a list of qualified commercial activities by geographical area for the development of priority projects, pursuant to Law 60-2019, as the government revealed. Committee Chair and the government’s CFO, Omar J. Marrero, said this ordinary process is “an important step toward facilitating this investment mechanism and reinforcing […]
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USDA investing $9.3M in 9 renewable energy projects
August 22, 2019
The U.S. Department of Agriculture is awarding additional $9.3 million through the Rural Energy for America Program (REAP) for renewable energy and energy efficiency projects to reduce energy cost for farmers, agricultural producers and rural-based business and institutions. USDA Rural Development State Director for Puerto Rico Josué E. Rivera said the new round of funding […]
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Op-Ed: Island residents face decades of unaffordable rate hikes and fees
August 22, 2019
The Puerto Rican legislature will soon consider a debt restructuring deal for Puerto Rico’s Electric Power Authority (PREPA) that is unaffordable and risks jeopardizing the island’s economic recovery, according to a report released today by the Institute for Energy Economics and Financial Analysis (IEEFA). The report, “Puerto Rico Electric Power Authority debt restructuring: A weak […]
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HCOA marks 22nd anniversary, bets on tech, exclusivity for members
August 22, 2019
With more than 500 employees, more than 25,000 members, 14 fitness clubs and two CrossFit boxes, HCOA Fitness, the largest gym chain in Puerto Rico and the Caribbean, will celebrate its 22nd anniversary in September. Company officials attributed the “constant research of global trends and making them accessible to the local market,” for its growth. […]
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Mastercard opens P.R. office in Hato Rey to expand e-payment ecosystem
August 22, 2019
Technology giant Mastercard officially opened its local office in Puerto Rico, which company officials described as a “milestone for the local market.” “The opening of the Puerto Rico office demonstrates Mastercard’s commitment to building an innovative and secure payments ecosystem for the island and the Caribbean” said José Vargas, Mastercard Country Manager for Puerto Rico […]
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U.S. Dept. of Labor probe recovers $1.4M in back wages for 1,853 P.R. workers
August 21, 2019
Following a U.S. Department of Labor Wage and Hour Division (WHD) investigation, Xperts Inc. — a San Juan-based disaster response contractor — has paid $1,341,829 in back wages to 1,853 employees to resolve violations to several agency regulations. The federal agency announced it found breaches to the McNamara-O’Hara Service Contract Act (SCA), the Contract Work […]
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Resident Commissioner pursues equality in Medicare Part D for P.R.
August 21, 2019
Puerto Rico’s Resident Commissioner in Washington, Jenniffer González introduced the Territories Medicare Prescription Drug Assistance Equality Act, a bipartisan bill to make premium and cost-sharing subsidies available to low-income Medicare Part D beneficiaries who live in Puerto Rico and other U.S. territories. Medicare Part D is a voluntary outpatient prescription drug benefit for people with […]
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Ports Authority confirms P3 deal for cruise ship ports to be announced this month
August 21, 2019
The Puerto Rico Ports Authority will announce the companies chosen to enter into a public-private partnership to repair, design run and manage the cruise ship ports in the San Juan bay. Agency Executive Director Anthony Maceira confirmed the information after meeting with shipping agents and members of the of the Puerto Rico Shipowers Association to […]
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