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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Agriculture Dept. to boost marketing of local products sold under ‘DelPaís’ brand
August 21, 2019
The Puerto Rico Agriculture Department will strengthen the promotion and sale of agricultural products marketed under the DelPaís brand through an agreement signed between the its Agricultural Development Innovation Fund division and Supermercados Selectos. Ruth L. Pagán, executive director of FIDA, as the division is known for its initials in Spanish, said together with Agriculture […]
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Op-Ed: Banks’ ‘recklessness’ cost insurers $720M
August 21, 2019
Puerto Rico bond insurers this month filed suit against eight well-known investment banks (UBS, Citi, Goldman Sachs, J.P. Morgan Securities, Morgan Stanley, Merrill Lynch, RBC and Santander) for failing to perform proper diligence on Commonwealth bonds worth approximately $11 billion. The train of neglect ran from 2001 to 2015 and included revenue and expenditure falsification […]
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AGC-PR launches committee to promote women in construction
August 21, 2019
The Puerto Rico Chapter of the Association of General Contractors of America announced the creation of the Women in Construction Committee to promote the inclusion of women and increase their participation in construction projects in Puerto Rico. Puerto Rico is the first in 89 chapters within AGC of America to establish a formal committee to […]
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Gurabo’s Fab Lab Puerto Rico wins $25K from SBA’s MaTCH competition
August 21, 2019
The Fab Lab Puerto Rico, based at the Ana G. Méndez Gurabo Campus, has won $25,000 through the U.S. Small Business Administration’s Makerspace Training, Collaboration and Hiring (MaTCH) Pilot competition. The Fab Lab Puerto Rico will use the award to support a digital production technician certification through the continuing education program to address the job […]
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JetBlue Airways will be recruiting employees in San Juan on Aug. 21-22
August 21, 2019
JetBlue Airways, Puerto Rico’s largest airline, will be in San Juan accepting applications for those who want to join its staff. To that effect, the carrier will be offering informative sessions, during which potential applicants will be able to meet with the airline’s team, get a better understanding of the role of the on-board flight […]
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100 students receive Popular Foundation’s highest honor
August 21, 2019
One hundred outstanding students gathered at the Popular Center in Hato Rey to receive the Rafael Carrión Jr. Academic Excellence Award. The Rafael Carrión, Jr. Academic Excellence Award was instituted 15 years ago to recognize the efforts of outstanding students. Students who have graduated high school are eligible for the award based on the results […]
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