CNE holds seminar for journalists as preamble to ‘Black Start: Future of Energy Summit’
February 25, 2019
Journalists from different media outlets in Puerto Rico participated in a seminar hosted by the Center for a New Economy (CNE) on the concepts and changing language used in the media coverage of the energy sector. The activity was designed in response to the abundant media coverage on the direction of the transition of the […]
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Crowley christens MV TAINO container ship in San Juan
February 25, 2019
Crowley Maritime Corp. christened the U.S.-flag combination container/roll on-roll off (ConRo) ship MV Taíno in San Juan, marking the first time such a ceremony is celebrated locally in recent history. “We are thrilled to christen this magnificent new ship here with our employees, customers and people of Puerto Rico, whom she will serve for many years to come,” […]
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Developer St. Clair breaks ground on $50M Zafira hotel in Vieques
February 22, 2019
British investor and developer Keith St. Clair, along with project partners and government officials, broke ground on what will be the $50 million Zafira hotel and time share property in Vieques. “Zafira, is a new beginning for Vieques, we want all tourists who come to Puerto Rico to know the wonders and the charm of […]
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InvestPR’s new CEO to ‘deepen relationships with local private sector partners’
February 22, 2019
The Board of Directors of Invest Puerto Rico (InvestPR) has appointed Rodrick T. Miller as CEO to lead the nonprofit entity’s mission to attract new businesses and investment capital to the island. Atop the new CEO’s immediate priorities will be to deepen InvestPR’s relationships with its private sector partners on the island, finish the organization’s […]
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Liberty Puerto Rico adds 31K clients in Q418
February 22, 2019
Liberty Puerto Rico added 31,000 revenue generating units (RGUs), or clients during the fourth quarter of 2018, and reported a 5 percent revenue growth for the entire Fiscal Year 2018, according to its most recent financial results. The results were driven in part by the company’s focus on providing products and services that represent a […]
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Development co. PDSI opens 6th office location in San Juan
February 22, 2019
Atlanta-based PDSI, a third-party development company for the hotel industry, announced the opening of its 6th office location in San Juan. Among other projects in the Caribbean, PDSI is managing the hurricane recovery renovation of the El San Juan Hotel, Curio Collection by Hilton, the renovations of the InterContinental San Juan, and the Caribe Hilton. PDSI […]
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Evertec reports $20.2M in net income for 4Q18, $86.3M for full year
February 21, 2019
Evertec Inc. announced results for the fourth quarter and full year ended Dec. 31, 2018, reporting net income of $20.2 million and $86.3 million, for the respective periods. During the last quarter of 2018, GAAP Net Income attributable to common shareholders represented or $0.27 per diluted share, compared with $5.8 million or $0.08 per diluted share […]
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Vimenti reveals achievements during 1st semester, needs of population it serves
February 21, 2019
Integrated services center Vimenti by Boys & Girls Club of Puerto Rico presented the results of its three programmatic areas obtained during its first semester of operation, as well as the center’s impact in the Ernesto Ramos Antonini housing project community. Through its educational program, its social program and its economic development program, Puerto Rico’s […]
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$14M Flamboyán Arts Fund opens public grants cycle for ’19
February 21, 2019
The Flamboyán Foundation announced that it has opened the Flamboyán Arts Fund public grant application after the run of Hamilton in Puerto Rico, which raised more than $14 million for the fund. The grant application will close March 31st and awards will be announced in the spring. Details are available on the Flamboyán Foundation website. […]
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El Yunque-inspired backpacks aim to support entrepreneurs
February 21, 2019
Inspired by the flora and fauna of El Yunque National Forest, nonprofit organization Vitrina Solidaria presented an exclusive collection of backpacks as part of its projects to support entrepreneurs through El Yunque Emprende program. Raquel Skerrett-Escalera, executive director of Vitrina Solidaria said the “Sublime by Sarangeli” collection was designed by artist Sarangeli Santiago, of Artistic […]
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P.R./USVI offered hotline to Solix Inc. E-rate consulting services
February 21, 2019
Puerto Rico and U.S. Virgin Islands based schools, libraries and consortia seeking broadband and telecommunications funding from the federal ‘E-rate’ program now have access to expertise from the most experienced program team in the nation: Solix E-Rate Consulting, through an exclusive hotline and dedicated resources, the company announced. Solix Inc., which served as the E-rate […]
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MIDA: Jones Act has ‘devastating effects’ on P.R. economy, with losses of up to $1.5B
February 20, 2019
The cost of transportation of goods between Puerto Rico and the U.S. mainland has a “devastating impact” on the local economy estimated at $1.5 billion in lost activity, according to two independent investigations unveiled today. The study to determine the “real and transparent data” on the effect of cabotage laws in Puerto Rico, was commissioned […]
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Jet Aviation acquires full ownership of fixed-based operator at LMM
February 20, 2019
Jet Aviation, a wholly owned subsidiary of General Dynamics, acquired full ownership of the San Juan fixed-base operator (FBO) at Luis Muñoz Marin International Airport in Puerto Rico, a provider of premium business aviation services at the facility. Jet Aviation has been operating the San Juan FBO under a management agreement with the previous owner, […]
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12th edition of Saborea Puerto Rico food fest set for April 4-7 in Carolina
February 20, 2019
The 12th edition of Saborea Puerto Rico, a culinary extravaganza is slated to take place April 4-7 at the Carolina public beach, organizers announced. “For the twelfth time, we’re coming back with Saborea Puerto Rico, a culinary extravaganza, the event that undoubtedly places Puerto Rico on the map for lovers of good food,” said Clarisa […]
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Military equipment maker in Guánica investing $25M in 2-year expansion
February 20, 2019
Point Blank Protective Apparel & Uniforms, LLC in the southwestern town of Guánica, will invest more than $25 million over the next two years to expand its operations, the company announced. The company’s expansion and investment also entails creating 550 permanent jobs and retaining 550 workers for a total of 1,110 jobs, over a three-year […]
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