Op-Ed: Making the Merchant Marine Act of 1920 fair to everyone
May 7, 2019
The Jones Act (Senator Wesley Jones), or the Merchant Marine Act of 1920, was signed into law by President Woodrow Wilson with the intent of having a ready and able merchant marine that could be ready to enter and back up the military in the event of a military conflict. This purpose is still sustained […]
chat_bubble0 Comment
visibility2199 Views
Serrallés receives ‘World Class Distillery 2019’ award
May 7, 2019
Destilería Serrallés received the “World Class Distillery 2019” award by the World Spirit Award organization based in Austria, the company announced. Annually, this liquor industry guild evaluates spirits producers from around the world in various categories. In the recent competition, 117 distilleries were evaluated in more than 25 countries globally. Serrallés, with its headquarters in […]
chat_bubble0 Comment
visibility2768 Views
Senate approves creation of sales tax-free zones in San Juan
May 7, 2019
The Puerto Rico Senate approved Senate Bill 1263 that would establish the “Sales and Use tax-free zones in the capital city of San Juan,” authored by Sen. Miguel Romero. The measure seeks to authorize the municipality to designate areas where, for a minimum initial term of three years to a maximum initial term of five […]
chat_bubble1 Comment
visibility2066 Views
Economic development scarce for P.R.’s micro and small entrepreneurs
May 6, 2019
By Jeniffer Wiscovitch PadillaCenter for Investigative Journalism “To avoid a headache,” Wilfredo Cubero hired a professional authorized by the Permit Management Office to get the Use Permit for his business Piu Bello Gelato, located in Plaza del Sol mall in Bayamón. His biggest setback at the moment is that he does not yet have the […]
chat_bubble2 Comments
visibility2111 Views
Op-Ed: End of an ERA, reflections of an economist
May 6, 2019
Puerto Rico Gov. Rafael Hernández-Colón died May 2, 2019 after a long battle against leukemia and surrounded by his loving family. He was 82, same age as that of Gov. Luis Muñoz-Marin when he died several decades ago. Guess they will have a lot to chat about now. Well-deserved honors by the people of Puerto […]
chat_bubble0 Comment
visibility1489 Views
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 […]
chat_bubble0 Comment
visibility1673 Views
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 […]
chat_bubble0 Comment
visibility1136 Views
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 […]
chat_bubble0 Comment
visibility2983 Views
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 […]
chat_bubble0 Comment
visibility1498 Views
’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 […]
chat_bubble0 Comment
visibility2195 Views
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 […]
chat_bubble0 Comment
visibility1244 Views
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 […]
chat_bubble0 Comment
visibility1200 Views
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 […]
chat_bubble0 Comment
visibility1600 Views
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 […]
chat_bubble0 Comment
visibility5085 Views
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 […]
chat_bubble0 Comment
visibility3468 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA