Private-sector professional groups band together to educate on hurricane readiness
May 29, 2019
Seven private-sector organizations representing most sectors of Puerto Rico’s economy have banded together to educate on the importance of hurricane preparedness, just a few days before the start of this year’s storm season. The goal is to inform the public on the steps they should take to be ready to face an emergency or an […]
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Treasury Dept. inaugurates 360 Service Center for small businesses in Guaynabo
May 29, 2019
Puerto Rico Treasury Secretary Raúl Maldonado inaugurated, along with Guaynabo Mayor Ángel Pérez, the town’s first 360 Service Center, specialized in assisting small and mid-sized businesses to complete transactions in a single place. “This collaborative agreement with the municipality of Guaynabo is part of Gov. Ricardo Rosselló’s commitment to provide all the tools to help […]
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Op-Ed: P.R. governor looks to Wall Street cash to fund re-election bid
May 29, 2019
Campaign contributions from law firms to elected officials who issue bonds and appoint lawyers and underwriters — often known as a “pay to play” system — are poison. (Perhaps the best work on this subject is a seminal speech by Arthur Levitt, former chair of the Securities and Exchange Commission, in 1997.) A campaign fundraiser for Puerto […]
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P.R academics represent island in LatAm conference in Boston
May 29, 2019
The Latin American Studies Association (LASA), the world’s largest Congress concerning Latin America and the Caribbean, held its 37th International Congress, LASA2019 in Boston from May 24-27, when more than 5,300 specialized academics from across the globe in disciplines such as sociology, history, cultural studies, art, and more came together. The theme of this year’s […]
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P.R.’s slight economic growth expected to ‘run out of fuel,’ economist firm says
May 28, 2019
Puerto Rico’s economy is predicted to have a base scenario of 0.5% real Gross National Product growth in Fiscal 2019 with a slight growth of 0.8% in Fiscal 2020, according to a forecast published by economic analysis firm H. Calero Consulting. In its latest edition of its “Pulse” publication, the firm says, however, that the […]
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Data Wi-Fi stands out as double winner during Parallel18’s 6th DemoDay
May 28, 2019
Nearly 20 companies presented their pitches in front of visiting investors and the local business community during the sixth generation of Parallel18’s “DemoDay,” won by Data Wi-Fi. Data Wi-Fi won two awards during the competition — The Evertec Choice Award, which carries a $10,000 cash prize, and the People’s Love Award bestowed by T-Mobile, which […]
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IEEFA, CAMBIO win court petition to get PREPA privatization documents
May 28, 2019
The Institute for Energy Economics and Financial Analysis (IEEFA) and Puerto Rican nonprofit CAMBIO obtained a court agreement pledging the Puerto Rico Electric Power Authority (PREPA) to respond to and deliver within 14 days public documents regarding the PREPA privatization process, as well as data about the electrical system. The agreement between the parties was […]
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OpEd: P.R. brands need to think about scale, consumer diversity when expanding to U.S.
May 28, 2019
In recent years, we’ve seen the interest among Puerto Rican brands to expand their sales by exporting their products or expanding operations to Orlando and Central Florida. This makes all the sense in the world. Initial estimates suggested a wave of more than 300,000 Puerto Ricans who had relocated to this region. And, Puerto Ricans […]
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Açai Express chain expands menu with new fruit popsicle line
May 28, 2019
Following an investment of $40,000 in machinery and equipment, Açai Express announced an expansion of its menu to include a new line of fruit popsicles, to be sold under the “Pikolé Premium” brand at all of its local stores. “The idea of introducing a new line of handmade popsicles arose from the goal of expanding […]
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Rosselló signs sweeping P.R. Climate Change Act
May 24, 2019
Gov. Ricardo Rosselló signed the Puerto Rico Climate Change Mitigation, Adaption and Resiliency Act, which establishes clear goals, metrics and deadlines to comply and address climate change. “Climate change is real, and it is the biggest threat to our way of life. This is the issue of our generation — the time for discussion is […]
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U.S. Senators submit bill to guarantee robust disclosure requirements
May 24, 2019
U.S. Senators Bob Menendez (D-N.J.), Marco Rubio (R-Fla.), Richard Blumenthal (D-Conn.) and John Kennedy (R-La.) introduced the Puerto Rico Recovery Accuracy in Disclosures Act of 2019 (PRRADA, for short.) The bipartisan legislation would provide robust disclosure requirements to all of the Financial Oversight and Management Board for Puerto Rico’s advisers and consultants, closing a loophole […]
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El Yunque National Forest recreation areas ‘being filled to capacity’
May 24, 2019
The U.S. Forest Service is gearing up for a busy summer visitation season with the arrival of the Memorial Day weekend as El Yunque National Forest continues to recover after hurricane impacts. While the Forest Service has been able to re-open access along most roads in El Yunque, only about 40% of the recreation areas, […]
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Op-Ed: CNE reviews PREPA’s debt restructuring agreement, 3.0
May 24, 2019
The proposed Restructuring Support Agreement for the Puerto Rico Electric Power Authority is not a good transaction for Puerto Rico. Its terms and conditions are overly generous to creditors; it discourages the transition to distributed renewable generation; it is uncertain whether it provides the debt relief necessary to maintain PREPA as a going concern, while […]
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Bacardi Ltd. announces 5th annual ‘Good Spirited Awards’
May 24, 2019
In continuation of its ongoing sustainability efforts, Bacardi Limited announced the recipients of its 5th annual Bacardi Limited “Good Spirited Awards.” The winners came from Mexico, Switzerland, Costa Rica, Italy, China, and Puerto Rico, which was represented by Cataño’s Bacardi Corp. and the Wildlife Habitat Council. In September 2018, Bacardi Corporation achieved the Wildlife Habitat […]
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Abarca employees pick 4 nonprofit partners for ‘Better Care Community Program’
May 24, 2019
More than 8,000 people will benefit from projects led by the four nonprofit organizations that Abarca employees selected as partners of its Better Care Community Program, the company announced. The program will support the efforts of health-related nonprofits that work to improve the quality of life of communities islandwide. After evaluating proposals from 50 applicant […]
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