Customs: Truthful declarations can help avoid delays during busy summer travel season
June 3, 2019
The Caribbean is among the most favored destinations for travelers during the summer whether flying or enjoying a cruise ship. “While we invite visitors to enjoy all the wonders Puerto Rico, the USVI and our neighboring Caribbean islands offer, we encourage everyone to learn about the CBP process to make their traveling quick and […]
chat_bubble1 Comment
visibility1734 Views
Op-Ed: Rosselló ignores facts, misleads public about PREPA debt deal, IEEFA says
June 3, 2019
Supporters of the Puerto Rico Electric Power Authority’s proposed debt restructuring agreement — including Gov. Ricardo Rosselló and PREPA Executive Director José Ortiz — have recently argued that the rate increase imposed by the agreement will be mitigated by operational savings that will lower electricity rates. The governor’s and PREPA’s public statements about rate decreases […]
chat_bubble0 Comment
visibility1021 Views
Puerto del Rey inaugurates new Wally Castro Marine facilities
June 3, 2019
Puerto del Rey recently inaugurated new facilities for Puerto Rican boat dealer Wally Castro Marine. The establishment offers new offices and a showroom, where visitors can check out and shop for new boat models. Wally Castro’s presence over the years at the marina “adds special value to Puerto del Rey,” said Puerto del Rey’s CEO […]
chat_bubble0 Comment
visibility1940 Views
Don Q debuts special edition, double aged sherry cask finish rum
June 3, 2019
Destilería Serrallés Inc., producer of Puerto Rico’s premium rum Don Q, launched the new Double Aged Sherry Cask Finish Rum for the Puerto Rico market. Destilería Serrallés’ sixth-generation rum maker, Roberto Serrallés and Master Blender, Jaiker Soto, debuted the new rum as part of the distillery’s continued focus on unique barrel-aged expressions. The product will […]
chat_bubble0 Comment
visibility1688 Views
JetBlue increasing peak summer service to P.R. by 7%
May 31, 2019
JetBlue, Puerto Rico’s largest air carrier, announced that it has increased the number of seats it will offer to the island during the peak summer season by 7% over the same period in 2018. The increase in available seats comes amid a growing trend in demand from tourists and Puerto Ricans living on the mainland […]
chat_bubble0 Comment
visibility1332 Views
‘Boost Grant’ program launched to support students, researchers
May 31, 2019
A trio of nonprofits — the Puerto Rico Science, Technology and Research Trust, AAAS Caribbean and Ciencia Puerto Rico — have joined forces to launch the “Boost Grant,” aimed at giving continuity to the “Post Hurricane María Aid for Researchers” program. The funds — broken down into 24, $1,000 grants — will go to support […]
chat_bubble0 Comment
visibility1477 Views
P.R.’s Economic Activity Index up 1.6% Y-O-Y in April
May 31, 2019
Puerto Rico’s Economic Activity Index for the month of April 2019 reflected a 1.6% increase, to 121.3, when compared to the same month in 2018, Economic Development Bank President Gerardo J. Portela said. “The EAI for April 2019 reflects a reduction of 0.1% compared to the result obtained in March this year,” he said. “The […]
chat_bubble0 Comment
visibility1018 Views
NY Fed, P.R. Community Foundation partner to launch Investment Connection program
May 31, 2019
The Federal Reserve Bank of New York, in alliance with the Puerto Rico Community Foundation and Inclusiv, have joined to launch Investment Connection program, which seeks to connect local and U.S. mainland banks with community development projects on the island. The Investment Connection Program provides community organizations with a model that boosts an investment, donation […]
chat_bubble0 Comment
visibility1848 Views
PRiMEX launches workshops on business plans continuity as hurricane season begins
May 31, 2019
The Puerto Rico Manufacturing Extension’s (PRiMEX) Manufacturing Disaster Assistance Program announced the start of an islandwide workshop cycle to support, review and create resilience and business continuity plans for small and medium manufacturing companies. Ramón Vega, director of the Manufacturing Disaster Assistance Program, said the effort will be conducted jointly with the Bureau of Emergency […]
chat_bubble0 Comment
visibility987 Views
AAFAF places P.R. Council on Developmental Disabilities under receivership
May 31, 2019
The Puerto Rico Fiscal Agency and Financial Advisory Authority (AAFAF, by its initials in Spanish) put the Council on Developmental Disabilities (CDD), an entity attached to the Puerto Rico Planning Board under receivership. This action is intended correct certain serious deficiencies identified by the U.S. Department of Health and Human Services, which jeopardize approximately $2.5 […]
chat_bubble0 Comment
visibility1236 Views
Oversight Board refers 3 P.R. gov’t agencies, 11 towns to local, federal authorities
May 30, 2019
The Financial Oversight and Management Board for Puerto Rico announced it has referred to the local and federal Justice Departments three government entities and 11 municipalities that allegedly failed to transfer some $4.5 million in withholdings for defined contribution plans into individual employees’ retirement accounts. “One of the Oversight Board’s highest priorities is to maintain […]
chat_bubble0 Comment
visibility1101 Views
Earth Gift opens 2nd medicinal cannabis clinic, launches ‘artisanal’ crop
May 30, 2019
Two years after entering the island’s medicinal cannabis market with the opening of its first location in Carolina, Earth Gift announced the addition of a new clinic in Trujillo Alto and the establishment of a proprietary “artisanal” crop. The new location entailed a $160,000 initial investment, while the crop, which features a unique strain of […]
chat_bubble0 Comment
visibility1481 Views
3 Puerto Rican ‘paradores’ receive excellence awards from TripAdvisor
May 30, 2019
Three local “paradores,” or small inns, each received TripAdvisor Excellence Awards, the Small Inn Owners Association announced. The Combate Beach Resort, Guanica 1929, and Villas Sotomayor received the “Certificate of Excellence” in recognition of their quality and service in hospitality. The award is granted to establishments listed at the top 10% level in the world […]
chat_bubble0 Comment
visibility1343 Views
23 P.R.-based companies look to do business in Orlando
May 30, 2019
A delegation of 23 Puerto Rican companies representing various economic sectors will be participating in a multi-sector trade mission to the city of Orlando through May 31, organized by the Puerto Rico Trade and Export Company. The mission seeks to take advantage of the opportunities for expansion and growth offered by the stateside market for […]
chat_bubble0 Comment
visibility1580 Views
SBA launches ‘Makerspace Training, Collaboration and Hiring’ pilot competition
May 30, 2019
U.S. Small Business Administration Acting Administrator Chris Pilkerton announced the launch of the Makerspace Training, Collaboration and Hiring pilot competition, known as MaTCH. The MaTCH Pilot Competition seeks to address the job skills and placement gaps faced by U.S. businesses by providing funding to create or expand programs with job-specific and soft skills training within […]
chat_bubble0 Comment
visibility1191 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA