Moody’s: P.R. and its banks will benefit from federal economic analysis
March 13, 2019
The reason for the positive outlook is that Moody’s believes federal estimates of the island’s Gross Domestic Product “will bolster reforms by the island that should encourage unbanked residents to participate in the banking system, thereby spurring loan growth and increasing operating margins.” In its report, Moody’s predicted that the banks that will benefit are […]
chat_bubble0 Comment
visibility2317 Views
San Juan Mercantile Bank & Trust gets license to operate in P.R.
March 13, 2019
The San Juan Mercantile Exchange Inc. (SJMX) and the San Juan Mercantile Bank & Trust International Corp. (SJMBT) today announced that SJMBT has received its license to operate from the Puerto Rico Office of the Commission of Financial Institutions. The license authorizes SJMBT to operate as an International Financial Entity (IFE) under OCIF’s banking regulations, […]
chat_bubble0 Comment
visibility2024 Views
Claro offers $10K reward to people reporting copper theft
March 13, 2019
Technology and information company Claro recently announced it is offering a $10,000 reward to people who provide information leading to the arrest and conviction of those responsible for the theft of the company’s copper cables. “Telecommunications are the backbone of the island’s economy and the recurrence of these acts of sabotage places essential services in […]
chat_bubble1 Comment
visibility1638 Views
100 entrepreneurs graduate from P.R. Emprende Academy so far
March 13, 2019
Puerto Rico Trade and Export and nonprofit organization INprende announced the graduation of 40 entrepreneurs that participated in the third generation of the Puerto Rico Emprende Academy (PREA) training program for the development and strengthening of small and medium enterprises. Agency Executive Director Ricardo Llerandi said “with more than 100 graduates already, this initiative offers […]
chat_bubble0 Comment
visibility1104 Views
Espacios Abiertos will seek review of P.R. Court of Appeals decision
March 12, 2019
In a two-to-one divided opinion, a three-judge panel of the Puerto Rico Court of Appeals ruled to keep information on tax abatements confidential and inaccessible to the public, in a case filed by nonprofit Espacios Abiertos. In doing so,the panel reversed a San Juan Superior Court decision compelling the Puerto Rico Treasury Department to publicly […]
chat_bubble0 Comment
visibility1105 Views
Western Union, TuChequera.com open int’l payment options for businesses
March 12, 2019
Western Union, a provider of cross-border, cross-currency money movement, announced an alliance between Western Union Business Solutions and TuChequera.com that will allow entrepreneurs in Puerto Rico to conduct business in more than 130 currencies and send online business payments through a platform available 24/7. “Puerto Rico is the first region in Latin America and The […]
chat_bubble0 Comment
visibility1120 Views
P.R. gets $6.2M for Environmental Quality Board, Head Start and Health
March 12, 2019
Puerto Rico’s Resident Commissioner in Washington, Jenniffer González, announced the approval of $6.2 million in federal funds allocated by the U.S. Environmental Protection Agency and the Department of Health and Human Services for child care, health services and Centers for Disease Control and Prevention. The EPA approved $105,600 for the Environmental Quality Board to help […]
chat_bubble0 Comment
visibility1243 Views
P.R. Legal Aid unveils free support tools to help with mortgage foreclosure cases
March 12, 2019
Puerto Rico Legal Aid announced the launch of two new support tools that will allow people to get fast, free and accessible information to prevent the loss of their homes through foreclosure. Every Monday the team comprising the derechoatucasa.org program will be answering questions from people about loss mitigation, mediation and foreclosures through 787-957-3106 and […]
chat_bubble0 Comment
visibility1435 Views
Discover P.R. finalist for Ad Age ‘Start-Up of the Year’ award
March 12, 2019
Puerto Rico’s first-ever Destination Marketing Organization, Discover Puerto Rico, is being recognized as a finalist in the 2019 Ad Age A-List and Creativity Awards “Start-Up of the Year” category for “making a strong impact since its inception July 2018.” This recognition is one of many notable accolades already earned by the organization in just eight […]
chat_bubble0 Comment
visibility989 Views
Abarca extends deadline to apply for ‘Community Better Care Program’
March 12, 2019
Abarca has extended until Mar. 14 the deadline to apply for the “Better Care Community Program,” a philanthropic initiative that aims to support nonprofit, health-related organizations that work to improve the quality of life of their communities on the island. Through the “Better Care Community Program,” designed and managed entirely by Abarca employees, three nonprofits […]
chat_bubble0 Comment
visibility1084 Views
P.R. residents got short-ended in post-hurricane assistance, report shows
March 11, 2019
While Puerto Rico proportionally requested more assistance from the Federal Emergency Management Agency after the 2017 hurricanes, it got significantly less than what the U.S. government granted Louisiana, Texas and Florida when they felt the brunt of earlier storms. “Consistent with the lower socioeconomic status of its population, Puerto Rico proportionally requested more assistance from […]
chat_bubble4 Comments
visibility2079 Views
Dept. of Education inaugurates 1st of 28 STEM labs on the island
March 11, 2019
The Puerto Rico Department of Education unveiled the first of a planned 28 STEM-PBL lab at the Mariano Feliú Balseiro school in Bayamón. The new educational space that will promote among students learning of science, technology, engineering and mathematics through collaborative projects. At the same time, the agency will continue supporting teachers in getting STEM […]
chat_bubble0 Comment
visibility1628 Views
U.S. Census opens call for media outlets providing paid advertising opportunities
March 11, 2019
VMLY&R, the advertising agency of record working for the U.S. Census, announced the “2020 Census Media Vendor Day” for the agency’s upcoming paid media campaign. The event is designed to be accessible for media outlets that cover a wide range of audiences, demographics, and channels, as well media outlets that are small businesses, and women- or minority-owned. The “2020 Census Media Vendor Day” […]
chat_bubble0 Comment
visibility2569 Views
P.R. gets $10.4M in federal funding for 330 Center, Head Start
March 8, 2019
Puerto Rico’s Resident Commissioner in Washington, Jenniffer González, announced the approval of $10.4 million in federal funds allocated by the Health Resources and Services Administration and the Department of Health and Human Services’ Administration for Children and Families. Neomed Center Inc., a 330 Center will receive an allocation of $5.9 million to cover the costs […]
chat_bubble0 Comment
visibility1412 Views
Grupo Guayacán kicks off 14th edition of EnterPRize Business Competition
March 8, 2019
Grupo Guayacán, Inc. (GGI) announced the official kick-off of its 2019 EnterPRize Business Competition which provides startups with access to an educational curriculum that includes workshops, mentoring, coaching, and the opportunity to compete for a record-breaking $171,500 in equity free seed capital from GGI and a broad group of corporate partners. The kick-off event took […]
chat_bubble0 Comment
visibility1389 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA