Silver Lion, 4 shortlist for de la Cruz & Associates in Cannes festival
June 27, 2019
de la Cruz & Associates won a Silver Lion at the 2019 Cannes Lions International Festival of Creativity in the Entertainment Lions for Music category for its campaign “Giving Songs.” The participation in the competition also gave DLC four shortlist in four categories, the company said. The winning campaign was an initiative produced to promote […]
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Ford, Lincoln rank among top 5 brands in J.D. Power study
June 27, 2019
Both Ford and Lincoln have ranked among the top five automotive brands in the United States for the first time in the latest J.D. Power U.S. Initial Quality Study due to overall quality improvements that are outpacing the industry, Ford Motor Company said. Now in its 33rd year, the study measures vehicle quality by analyzing […]
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Oriental to buy Scotiabank’s operations in P.R. for $550M; USVI for $10M
June 26, 2019
OFG Bancorp’s subsidiary Oriental Bank will acquire Scotiabank’s Puerto Rico operation for $550 million and its U.S. Virgin Island branch operation for $10 million. Scotiabank’s Puerto Rico and USVI operations will be merged into Oriental Bank and its related businesses. The acquisition is subject to customary regulatory approvals, which will likely take about six months […]
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BurgerFi to open 6 restaurants in P.R., create 200 jobs over next 5 years
June 26, 2019
Florida-based gourmet burger chain BurgerFi announced it will open six new stores across the island and create more than 200 jobs over the next five years. The six Puerto Rico locations will be owned and operated by franchisee Phillip Faigenblat, an entrepreneur who owns 14 Denny’s franchises in on the island. Faigenblat recognized the need […]
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PREPA’s limited delivery of documents extends suit filed by CAMBIO and IEEFA
June 26, 2019
CAMBIO, a local nonprofit, and the Institute for Energy Economics and Financial Analysis (IEEFA) expressed their dissatisfaction at the San Juan Superior Court about the limited amount of public information they have received from the Puerto Rico Electric Power Authority. In response, Judge Anthony Cuevas-Ramos, who is presiding over the case has summoned the parties […]
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P.R.’s Consumer Price Index remains flat, while value of the dollar drops
June 26, 2019
Puerto Rico’s Consumer Price Index remained virtually flat in May 2019, increasing 0.2% compared to April 2019, according to data released by the Puerto Rico Institute of Statistics. Meanwhile, from May 2018 to May 2019 the General Price Index increased by 0.5%, the data showed. Furthermore, the purchasing power of the consumer dollar dropped to […]
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FirstBank helps rebuild fishing pier in Boquerón
June 26, 2019
In the interest of promoting sustainable development of the fishing industry in Boquerón and providing a safe environment for fishermen, FirstBank has made a donation to the Asociación Pescadería Villa Palmeras Inc. fishing association to help complete the reconstruction of their pier, which was declared a total loss after Hurricanes Irma and María. The fishing […]
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PRMA recognizes Bayer Crop Science with safety awards
June 26, 2019
The Puerto Rico Manufacturers Association recently recognized Bayer Crop Science for its commitment to and achievement in safety at the Safety and Occupational Health Summit. The PRMA bestowed on Bayer two awards: The Safety Achievement Award and The Safety Best Practice/Continuous Improvement Award. The Safety Achievement Award “is granted to those companies with recordable injury […]
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FEMA opens new consolidated resource center in P.R.
June 25, 2019
The government of Puerto Rico, the Central Office of Recovery, Reconstruction and Resilience, or COR3, and the Federal Emergency Management Agency have established a Consolidated Resource Center on the island to help move recovery forward, the federal agency announced. A Consolidated Resource Center, known as a CRC, was established on June 3 to streamline the […]
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Facebook, Platzi to grant 1K programming scholarships in LatAm
June 25, 2019
Facebook and online technology training school Platzi announced that 1,000 scholarships will be awarded to residents of Brazil and Spanish-speaking countries in Latin America to contribute to the region’s talent development and economic growth. The scholarships consist of a 21-week course at Platzi and the end of the course, participants will receive certification as front-end […]
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Yogen Früz reopens at the Galería Paseos shopping center
June 25, 2019
Frozen yogurt franchise Yogen Früz has reopened its kiosk at the Galería Paseos shopping center in San Juan, investing some $75,000 in the operation. Since its arrival in 2008, Yogen Früz has stood out for offering a high-quality, tasty product “that’s nutritious and beneficial to health,” executives said in a release. At the new kiosk, […]
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AON highlights value of intangible assets in companies
June 24, 2019
In the current business ecosystem, adopting digital transformation creates new and unforeseen risks for companies. Facing this reality, Aon plc, a company dedicated to professional services in risk management, retirement and health, emphasized the most significant risks that organizations may face at present and the importance of taking the appropriate cyber security measures. “Since 2015, […]
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Op-Ed: The myth of P.R. as mecca of engineering and surveying
June 24, 2019
Without a doubt, you have heard innumerable times that Puerto Rico is “a mecca for engineering and surveying.” We derive a lot of pride from thinking that the best firms in the world “come to Puerto Rico to recruit” engineers and surveyors. Today I want to open our eyes to an undeniable reality that contrasts […]
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SHRM PR, AFC sign collaborative agreement to support nonprofits
June 24, 2019
The Society for Human Resources Management (SHRM-PR) and Community Financial Advisors have signed an agreement to support nonprofit organizations in the area of Human Resources. “In 2015, Community Financial Advisors instituted the University Financial Counseling internship, where accounting students provide services to Puerto Rico’s nonprofits with the support and guidance of a mentor CPA,” said […]
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Nominations open for women execs for ‘Shine Professional Women Awards’
June 24, 2019
Female executives from all sectors and industries are eligible to be nominated for the “Shine Professional Women Awards,” which aim to highlight their work accomplishments and contributions to the community, said Lourdes Burgos, spokeswoman for the organizing committee. Burgos explained that the event is one of the Shine Professional Women’s initiatives, an entity created to […]
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