Economist Conway expands on need to reuse abandoned properties
September 3, 2019
Renowned economist KC Conway recently presented his talk on the adaptive reuse of buildings and commercial spaces during the 15th anniversary convention held by the Puerto Rico Chapter of the Certified Commercial Investment Member Institute, the entity announced. At the conference, Conway spoke about trends in the economy regarding commercial real estate in both Puerto […]
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Local financial services expert recognized with ‘40 Under Forty’ award
September 3, 2019
Cameron McKenzie, founder of Puerto Rican financial services firm McKenzie & Associates, LLC, was recently honored with the “40 Under Forty” award from the National Association of Certified Valuators and Analysts (NACVA) in the United States. McKenzie started his corporate financial advisory business in 2015, after having worked for seven years as vice president for […]
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Federal Maritime Commission OKs joint venture at Port of San Juan
August 30, 2019
The Federal Maritime Commission has approved an agreement allowing Luis A. Ayala Colón and Puerto Rico Terminals (PRT), an affiliate of Tote Maritime, to form Puerto Nuevo Terminals (PNT) to operate a marine terminal and provide container stevedoring, terminal and related services in the Port of San Juan. “This agreement will allow the parties to […]
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Experian: P.R. millennials have 5th highest auto loan debt among U.S., jurisdictions
August 30, 2019
Puerto Rico millennials — people between the ages of 23 and 38 — have the 5th highest average auto loan debt among all U.S. jurisdictions at $22,205, according to a new study by Experian. “While millennials’ auto debt is the fastest-growing of any generation, they still owe less on their auto loans than the national […]
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Singapore experts discuss how to prepare ‘workforce of the future’
August 30, 2019
Faced with the changes the world is experiencing given the advances in technology, the traditional education model must be transformed to one of lifelong learning so that individuals are always prepared and ready to effectively adapt to changes in their work and community environment. Singapore, recently named the most competitive country in the world by […]
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Op-Ed: P.R. Financial Oversight Board was unconstitutionally appointed
August 30, 2019
By 2016, Puerto Rico’s government was in dire financial straits. To avoid bankruptcy, Congress enacted the Puerto Rico Oversight, Management, and Economic Stability Act (“PROMESA”), creating a board responsible for restructuring the island territory’s substantial public debts. But there are serious questions regarding the constitutionality of this Financial Oversight and Management Board for Puerto Rico […]
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Frontier Airlines announces nonstop SJU/Newark route
August 30, 2019
Low fare carrier Frontier Airlines announced new low-cost service from Newark Liberty International Airport and San Juan, among another 14 new routes that will fly out of that airport in New Jersey for the winter season. The new service to the Luis Muñoz Marín International Airport will begin Nov. 14, 2019, for which Frontier will […]
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OBoard OKs use $260M in Emergency Reserve Funds for Dorian-related expenses
August 29, 2019
In light of Hurricane Dorian and the related Federal declaration of a state of emergency for Puerto Rico, the Financial Oversight and Management Board authorized the government to dip into some $260 million in Emergency Reserve funds from fiscal years 2019 and 2020. Although for the most part, Puerto Rico dodged a bullet, Hurricane Dorian […]
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Op-Ed: National Preparedness Month: Be prepared, not scared
August 29, 2019
During National Preparedness Month in September, we encourage everyone to take the necessary actions to prepare themselves, their families and their businesses for potential emergencies. Following the past two years of historic disaster activity, it is more important than ever for all Americans to know their risk and financially prepare for the unexpected. Many people […]
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Op-Ed: Gov. Vázquez needs to scrutinize new natural gas contracts in P.R.
August 29, 2019
Puerto Rico’s new governor, Wanda Vázquez, has been trying to distance herself from the previous Rosselló administration. For example, she recently suspended a $450,000 grid reconstruction contract that was subsequently cancelled by the Puerto Rico Electric Power Authority (PREPA). But hundreds of millions of dollars in natural gas infrastructure contracts continue to move forward unchallenged. […]
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Seaborne Airlines announces reservation changes for travel starting Sept. 1
August 29, 2019
As Seaborne Airlines and Silver Airways continue streamlining their operation to one airline, bookings for Seaborne’s current network will be hosted on Silver’s Sabre reservation system for travel starting Sept. 1, 2019, the company announced. Flights operated by Seaborne are now available for sale at silverairways.com, it added. This change applies to all Seaborne Airlines […]
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Hurricane Hub of P.R. ready to provide training, technical assistance
August 28, 2019
The Hurricane Hub of Puerto Rico announced it is prepared to offer training and technical assistance for preparedness, response and recovery in Puerto Rico and the Caribbean during the hurricane season that runs through November. The entity, which falls under the Puerto Rico Public Health Trust — an organization created by the Puerto Rico Science, […]
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Ford Fund, actors continue support of HEART 9/11’s rebuilding efforts
August 28, 2019
As the second anniversary of Hurricane María approaches, Ford Motor Company Fund — the company’s philanthropic arm — and HEART 9/11’s team of first responders are collaborating with actor, director and philanthropist Bryan Cranston in rebuilding initiatives in Puerto Rico, the automaker announced. Ford recently donated two Ford F-150s to support HEART 9/11’s response and […]
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P.R. gov’t agencies adopt changes to improve emergency response ahead of Dorian
August 27, 2019
Puerto Rico Gov. Wanda Vázquez-Garced announced a number of measures that government agencies have taken to face the looming threat from Tropical Storm Dorian, which is expected to pass near Puerto Rico as a hurricane later this week. During a news conference at the Emergency and Disaster Management Bureau, Vázquez-Garced said plans have undergone “significant […]
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Arecibo Observatory gets $19M NASA grant to help protect Earth from asteroids
August 27, 2019
The National Aeronautics and Space Administration has just invested $19 million into the Arecibo Observatory in Puerto Rico to “gain a lot of knowledge about asteroids.” NASA awarded the University of Central Florida — which manages the site on behalf of National Science Foundation — the four-year grant to observe and characterize near-Earth objects (NEO) […]
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