Delta Airlines celebrated the achievements of its more than 80,000 employees across the globe by paying out over $1 billion in profit-sharing, the fifth consecutive payout at this level for a combined total of more than $6 billion. This means that each eligible employee will receive a bonus equal to 14 percent of their annual […]
The impact of Airbnb in Puerto Rico is such that it already exceeds 10,000 properties on the Island, according to an analytical report by Estudios Técnicos Inc. In tourist zones like Culebra and Old San Juan, a quarter of all homes are listed through the digital renting platform, which demonstrates its very high penetration in […]
T-Mobile announced its financial reports for the final quarter and full year 2018, along with its performance on a local operational level for the past year, which resulted in a 15 percent year-over-year growth of its customer base. Jorge Martel, general manager for T-Mobile Puerto Rico, said the carrier’s growth sharply contrasts the performance of […]
A recent study commissioned by the Puerto Rico Restaurants Association revealed that more than 90 percent of Puerto Rico residents have access to smart and connected devices either to make their reservation, order or pick-up food, or to pay. Consequently, the industry “must invest in more technological resources to strengthen its quality of service, beyond […]
Starting today, Spirit Airlines will begin daily nonstop service to Luis Muñoz Marin International Airport from Tampa International Airport (TPA) and Baltimore-Washington International Airport (BWI). The additional service will strengthen Spirit’s position as a major carrier for Puerto Rico, as it currently serves both San Juan and Aguadilla. In October 2018, Spirit launched nonstop service […]
U.S. Customs and Border Protection San Juan Field Operations announced the seizure of counterfeit products imported into Puerto Rico via international mail or courier before and after the holidays. The estimated manufacturer suggested retail price of all the counterfeit products seized to date is an estimated $15 million. The actual price of the purchased merchandise is […]
Grupo Guayacán Inc. announced the start of its annual call for applications for the Guayacán Venture Accelerator, an entrepreneurial education and development program for companies established in Puerto Rico seeking new growth opportunities. Companies, which are selected through a competitive process, must be in operations for at least three years and demonstrate organizational capacity and […]
Committed to transparency in its production processes and food care, McDonald’s restaurants in Latin America and the Caribbean received more than 3 million people in their kitchens in 2018, the franchise announced. The number of visits includes 115,000 in the participating restaurants in Puerto Rico. Cients experienced learning about the standards of food safety, quality […]
Endeavor selected the first Puerto Rican entrepreneur to enter its global network, Abarca Health Founder and CEO Jason Borschow, during its most recent International Selection Panel held in San Francisco, CA last week, the company announced. Endeavor is a nonprofit organization that leads the global high-impact entrepreneurship movement and has operations in more than 30 […]
The Board of Directors of the St. Clair Foundation delivered a $60,000 donation to the Funcación Música y País, a nonprofit organization dedicated to promoting the value of music and music education as an instrument of transformation and social change for Puerto Rico. It was founded in 2013 by María del Carmen Gil, renowned pianist, […]
José Corujo, Juan A. Rivera, and Teresa Caballero, Master Franchise Owners of FastSigns Puerto Rico, which includes three locations, recently received national recognition as the recipients of The FastSigns Award at the 2019 FastSigns International Convention recently held in Orlando, Florida. Company executives said the award, which is the most prestigious recognition in the franchise […]
Ponce Health Sciences University has broken ground on the construction of an $80 million campus and medical research facility, which will be the largest of its kind in Puerto Rico, school officials said. The expansion comes in the wake of the conditional authorization it has received from the Liaison Committee on Medical Education – which […]
Taco Bell Cantina, the chain’s new flagship restaurant, recently opened in Toa Baja, bringing to the island a new urban and modern concept with unique offers in its category, restaurant owners said. “With a local investment of $1 million, Taco Bell Cantina will create 23 direct and indirect jobs, and it is expected to stimulate […]
The Puerto Rico Agriculture Department’s Administration for the Development of Agricultural Enterprises has allocated $256,000 to promote growth and development in the island’s Small Ruminants production industry. Agriculture Secretary Carlos Flores described the move as important for the sector “after the Department succeeded for the first time last year, in organizing the sector with a […]
Puerto Rico’s changing economic landscape will prompt banks to keep a tight grip on their activites until risks recede, an analysis by H. Calero Consulting firm concluded. The “retrenching,” as the firm called it, will likely lead banks to remain a “passive sector, one that, in the future, stands to react rather than lead the […]
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