Abartys Health wins ‘Rise of the Rest’ business innovation competition
May 6, 2019
Abartys Health won the $100,000 investment from the Rise of the Rest Seed Fund for its project, after beating seven other finalist projects at the Museum of Contemporary Art in San Juan during the last stop of the “Rise of the Rest” tour and business competition. The panel of judges that evaluated the proposals presented […]
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Oversight Board sues 20+ banks, other parties to recover $1B in excess payments
May 3, 2019
The Financial Oversight and Management Board for Puerto Rico filed complaints to recover more than $1 billion from holders of bonds issued in excess of Puerto Rico’s constitutional debt limit, and from firms and advisors that helped with the issuance of those bonds. The Oversight Board filed a claim against more than 20 banks, law […]
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Study claims P.R.’s southern aquifers are ‘healthy, efficient and resilient’
May 3, 2019
Despite the moderate drought that recently affected parts of the island, a new study belies the notion that there is a crisis in the aquifers of Puerto Rico’s southern region, a natural source of water that is critical for the area’s agricultural sector. According to the data exposed in the study, these bodies of water […]
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Op-Ed: What does the Oversight Board’s lawsuit against Commonwealth suppliers mean?
May 3, 2019
As of May 2, 2019, the Financial Oversight and Management Board for Puerto Rico has filed 230 lawsuits against suppliers of goods and services to the Commonwealth of Puerto Rico and the Committee of Unsecured Creditors Under Title III of PROMESA. The Oversight Board has entered into this scenario through a stipulation that allows it […]
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’19 SME Digital Forum to focus on content, data, innovation on May 16th
May 3, 2019
The SME Digital Forum, organized by the Puerto Rico Sales and Marketing Executives Association, is slated to return to the Puerto Rico Convention Center May 16th with a lineup of speakers and the presentation of the most recent study on local digital and mobile habits. “This year, the SME Digital Forum’s educational program will expand […]
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Evertec reports 8% year-over-year 1Q19 revenue growth
May 2, 2019
Evertec Inc. announced results for the first quarter ended Mar. 31, 2019, reporting $118.8 million in revenue, an 8% growth compared with $110.3 million in the prior year. Revenue increase in the quarter reflected growth from elevated sales volumes in Puerto Rico and increased core banking transactions in part due to last year’s hurricane impacted […]
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Discover P.R. hosts events, meetings and conventions industry leaders
May 2, 2019
Destination Marketing Organization Discover Puerto Rico hosted members of the Event Industry Council organization in Puerto Rico to discuss how the island could become the mecca for their upcoming major events and conventions. As part of the programs developed by the council, they will host their board meeting for the first time in Puerto Rico […]
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Oversight Board pursues 230+ gov’t vendors to recover $4.2B in conflictive payments
May 1, 2019
The Financial Oversight and Management Board for Puerto Rico filed more than 230 complaints against individuals and entities to recover some $4.2 billion in payments by the Commonwealth of Puerto Rico that were in conflict with the U.S. Bankruptcy Code and Puerto Rico law. The complaints allow the Oversight Board to ensure that the payments […]
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Aluminios de P.R. resumes operations in Humacao after $4M investment
May 1, 2019
Aluminios de Puerto Rico announced the re-start of its manufacturing plant operations at the Industrial Park in Humacao. The company invested $4 million, which will generate 115 jobs in five years. “We celebrate the reopening of Aluminios of Puerto Rico’s aluminum plant in Humacao, which will result in economic benefits for many families and for […]
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M Property Services expands into P.R., hires local executive
May 1, 2019
Missouri-based M Property Services announced its entry into the Puerto Rico market, where it has hired Dorado native José M. Arreseigor as vice-president of the local operation. Founded in 1990, M Property Services, LLC is a full-service real estate development, property management and brokerage firm. Its developments focus the concept of “LifeWorks” – the creation […]
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Op-Ed: Now’s the time to redevelop former Corco complex
May 1, 2019
Next week, the U.S. Environmental Protection Agency (EPA) and the Center for Creative Land Recycling (CCLR) will deliver an important recovery message to the island’s municipalities, communities, and nonprofit sector: community revitalization is possible, even on contaminated properties. Across the United States and U.S. territories, an estimated 450,000 to 1 million brownfield sites remain undeveloped […]
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El Yunque National Forest’s new mobile app helps educate, guide visitors
May 1, 2019
The U.S. Forest Service announced it has partnered with OnCell, a mobile communications company, to launch a mobile app for visitors. The free bilingual app allows visitors to take a self-guided tour of the natural and heritage sites within the forest using their personal mobile devices. El Yunque National Forest is utilizing the OnCell app […]
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FirstBank announces recruitment for FirstInternship Program
May 1, 2019
With the goal of offering academic-occupational opportunities and developing college students’ skills in a live environment, FirstBank is announcing their recruitment of participants in the new 2019 summer and September-December semester sessions of its FirstInternship Program. Eligible students may complete the internship application in the 1firstbank.com corporate website for either session, the financial institution announced. […]
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Veterans Business Outreach Center now has specialist in P.R. to serve military community
May 1, 2019
The U.S. Small Business Administration Puerto Rico and U.S. Virgin Islands district office announced that the Veterans Business Outreach Center (VBOC) serving SBA’s Region II, has appointed retired US Army Sgt. 1st Class Juan Marrero as VBOC Outreach Specialist in Puerto Rico. The VBOC program is a one-stop shop for transitioning or active duty service […]
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Treasury reports $1.2B net revenue collections for General Fund in March
April 30, 2019
Net revenues to the General Fund totaled $1.2 billion in March 2019, a “new historic level for a month of March,” Puerto Rico Treasury Secretary Raúl Maldonado said. “This monthly revenue exceeded the Oct. 23, 2018 Certified Fiscal Plan revised projections by $259.1 million. This fiscal year, March has reflected the best performance compared to […]
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