Gov’t announces 2nd phase of ‘Abriendo Caminos’; $100M to repave PR-52
August 6, 2018
Puerto Rico Gov. Ricardo Rosselló announced the second phase of “Abriendo Caminos,” a program to repair and maintain island roads, with an investment of more than $100 million in state and federal funds.
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P.R. Tourism Co., Airbnb prepare to face natural disasters
August 6, 2018
Looking to be well prepared for an emergency and have sufficient lodging available to help the community face disasters, the Puerto Rico Tourism Co. has partnered with Airbnb and International Rescue Group.
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Grupo Guayacán reveals finalists of EnterPRize 2018 competition
August 6, 2018
Grupo Guayacán Inc. (GGI) announced the start of the finalists’ phase of the 2018 EnterPRize Competition.
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A.M. Best puts Triple-S Propiedad Inc.’s credit ratings ‘Under Review’
August 6, 2018
A.M. Best has placed Triple-S Propiedad Inc.’ Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” under review with negative implications, following the company’s recently announced significant decline in policyholder surplus.
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Hurricane María delivers $38.7M 2Q18 net loss to Triple-S Management Corp.
August 3, 2018
Triple-S Management Corporation announced its second quarter 2018 results, that included a net loss of $38.7 million, or $1.68 loss per diluted share, versus net income of $12.7 million, or $0.52 per diluted share in the prior-year period.
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Minority Chamber’s summit to host 2nd P.R. Reconstruction Summit
August 3, 2018
The U.S Minority Chamber of Commerce announced open registration for its national conference, the 2nd Puerto Rico Reconstruction Summit 2018, "Planning Today for Rebuilding Tomorrow."
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Helmsley Charitable Trust grants $1.3M to support P.R.’s underserved healthcare centers
August 3, 2018
The Leona M. and Harry B. Helmsley Charitable Trust announced $1.3 million in new funding to The Solar Foundation and Direct Relief to ensure continuous access to healthcare for communities in Puerto Rico devastated by Hurricane María.
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Mora Development sentenced to pay $3M fine for Clean Water Act violation
August 3, 2018
U.S. District Judge Carmen Consuelo-Cerezo sentenced Mora Development to pay a fine of $3 million, serve a five-year probation term and restitute a family whose children were affected by the criminal conduct.
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FEMA mitigation specialists to support Casa Segura ‘Safe House’ campaign
August 3, 2018
Federal Emergency Management Agency Mitigation and Building Science Specialists will be available at Casa Segura to answer questions and offer tips and techniques for building hazard-resistant homes to help prevent or reduce damage from future disasters, the agency announced.
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P.R’s Fiscal Control Board: Parallel government full of lawyers, consultants
August 2, 2018
Martin Bienenstock sits in the audience, looking at his tablet. As the twelfth public meeting of Puerto Rico’s Fiscal Control Board takes place, he raises his eyes, adjusts his glasses, frowns and pays attention to the discussion.
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FEMA OKs $93M more to P.R., allows self-declared home ownership, occupancy
August 2, 2018
The Federal Emergency Management Agency awarded more than $93 million in additional public assistance grants for emergency protective measures, debris removal and management costs related to Hurricane María recovery on the island.
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HITN, Hispanic Federation deliver 18K solar lamps to families in P.R.
August 2, 2018
Spanish-language network and the Hispanic Federation distributed 18,000 solar panel lamps to families in 14 municipalities in Puerto Rico still struggling with power outages.
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Evertec reports 10% 2Q18 revenue growth to $113M vs. 2Q17
August 1, 2018
Evertec Inc. reported $113.3 million in total revenue for the second quarter ended June 30, representing a 10 percent increase compared with $103.5 million in the prior year.
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Groups sue FEMA for leaving public ‘in the dark’ on María recovery efforts
August 1, 2018
Democracy Forward Foundation filed a lawsuit on Tuesday against the Federal Emergency Management Agency (FEMA) for failing to release records detailing information about its response to the disaster on behalf of the Center for Investigative Journalism and LatinoJustice.
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Rosselló shuffles around cabinet members, names new Treasury chief
August 1, 2018
Puerto Rico Gov. Ricardo Rosselló announced several changes in his cabinet, including the appointment of Raúl Maldonado as chief of staff and Ricardo Llerandi as deputy chief of staff.
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