Op-Ed: Population of Puerto Rico [Handle with care]
August 6, 2019
“I saw the future …. It’s wooooooonderful..there are no [Puerto Ricans]” this is a direct quote found in the leaked chats (#RickyLeaks) between the person who served as governor of Puerto Rico and his closest collaborators. This improper comment caught my attention due to the demography that underlies what this person claimed to have seen. […]
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Fusionworks becomes Oracle NetSuite partner for the U.S. market
August 6, 2019
Local technology solutions consulting firm, Fusionworks announced its integration into the Oracle NetSuite Partner Alliance program, which makes it a strategic partner of NetSuite in the United States and speeds its diversification plans to new stateside markets. Fusionworks also announced that it recently received the “Best Oracle Applications” award at the Oracle FY20 Partner Summit […]
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Solar Power World magazine includes P.R.’s Maximo Solar Industries on ‘best of’ list
August 6, 2019
Industry magazine Solar Power World recently included Puerto Rico’s Maximo Solar Industries among the top 50 residential solar energy companies in the United States market, which exceeds 10,000 such companies. “Within months of our 10th anniversary, which represents 10,000 installations, we celebrate that 1,000 of these have been performed in Florida in less than three […]
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Frontier to launch 3 weekly flights connecting P.R.-Miami on Nov. 14
August 5, 2019
Starting this fall, low-cost carrier Frontier Airlines will launch three weekly flights from Miami International Airport to Luis Muñoz Marín International Airport in Carolina starting Nov. 14, it announced. The new frequencies will begin Nov. 14 and are part of its expanded schedule at Miami International Airport to a total of 28 weekly flights and […]
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Forbes names San Juan Marriott as one of the top 6 resorts in P.R.
August 5, 2019
Forbes Magazine recently named the San Juan Marriott Resort & Stellaris Casino as one of the best resorts in Puerto Rico, along with five other properties. In one of its Summer issues, Forbes highlighted the Marriott’s amenities — including its pool, water slide and mini water falls — after the resort underwent a $20 million […]
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Evertec reports 8% in revenue growth to $122.5M in 2Q19
August 1, 2019
Evertec Inc. announced revenue growth of 8% to $122.5 million for the second quarter ended June 30, 2019. Adjusted earnings per common share was $0.51, an increase of 11%, while Adjusted EBITDA increased 7% to $57.8 million during the quarter. For the six months ended on the same date, Evertec posted 8% revenue growth to […]
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Direct Relief to distribute $8M in cash to 25 P.R.-based healthcare nonprofits
August 1, 2019
Twenty-five Puerto Rican healthcare nonprofits are set to receive a much-needed $8 million cash infusion from Direct Relief, the largest private, nongovernmental provider of health resources to Puerto Rico since Hurricane María. Recipients of the $8 million in grants will be announced Aug. 7, at La Ciudad de la Salud y Bienestar, a Direct Relief-sponsored event […]
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Science Trust gets significant grant from U.S. Dept. of Commerce
August 1, 2019
The Puerto Rico Science, Technology and Research Trust was selected as one of the 44 nonprofit entities will receive funding from the U.S. Economic Development Administration’s Regional Innovation Strategies Program, which will award a total of $23 million to expand high impact entrepreneurship. The Trust will launch the Investor Bridge Project based on Puerto Rico’s […]
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LMM Int’l Airport gets $1.5M U.S. Dept. of Transportation infrastructure grant
August 1, 2019
The Luis Muñoz Marín International Airport in Carolina will receive a $1.5 million grant from the U.S. Department of Transportation to rehabilitate a runway, the federal agency said. The funding will come through the Federal Aviation Administration, which will award a total of $478 million in airport infrastructure grants, the fourth allotment of the total […]
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Rosselló signs legislation to authorize sports, eGames betting
July 30, 2019
Gov. Ricardo Rosselló signed the Puerto Rico Betting Commission Act, which for the first time authorizes betting on sporting events, electronic games and fantasy competitions on the island. This includes online bets that originate in Puerto Rico. “With the signing of this law, we prepare to witness the potential it provides to make Puerto Rico […]
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FirstBank, Center for Puerto Rico partner to help young entrepreneurs
July 30, 2019
With the aim of promoting entrepreneurship among young people between the ages of 18-35 by helping them acquire the skills necessary to develop or strengthen an enterprise, FirstBank has granted a donation of $15,000 to the Entrepreneurial Training Program for Young Adults of the Center for Puerto Rico. The Center is the operational arm of […]
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Economic Development disburses $3.5M from P.R.’s Energy Policy Program
July 29, 2019
The Department of Economic Development and Commerce disbursed $3.5 million to pay bonds and part of the incentives previously granted by the Green Energy Fund under its Public Energy Policy Program. “After several procedures with the Treasury Department, we began the disbursement of some $3,179,200 for incentives and other additional payments, which amount to $328,280 […]
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Treasury meets with Private Sector Coalition to unveil priority projects
July 29, 2019
Puerto Rico Treasury Secretary Francisco Parés recently met with representatives of the Private Sector Coalition to present 10 priority projects and reaffirm his commitment to the agency and with taxpayers. During the meeting, he discussed critical projects, the actions taken since his appointment and Treasury’s strategic plan, which emphasizes the transformation of the organizational culture […]
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Weekend Wheels: RAV4, Lexus UX Sport ’19 elevate comfort and performance
July 29, 2019
Driving a new car is always an exciting experience: the new car smell, the next-generation features and the sleek exterior designs that by and large evolve from year to year. Over the past few weekends, this media outlet has had the opportunity to test drive two vehicles, the Toyota RAV4 and the Lexus UX Sport, […]
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World Central Kitchen welcomes 22 farmers to its ‘Plow to Plate’ program
July 29, 2019
World Central Kitchen (WCK) welcomed 22 projects to its comprehensive support platform to promote sustainable food projects on the island called Plow to Plate, which offers direct financial support and training to small farmers, agribusinesses, community-based projects, and business initiatives in the food sector. The goal is to help these entities revitalize their operations after […]
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