OBoard, P.R. gov’t reach deal with COFINA creditors; to save $17B+ in debt service
August 9, 2018
The Financial Oversight and Management Board for Puerto Rico and the government of Puerto Rico announced they have reached a deal with Senior and Junior bondholders of Sales Tax Financing Corp. credit, as well as monoline insurers.
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Wovenware, Science Trust partner to build AI tech to detect Aedes Aegyptis mosquito
August 9, 2018
The Puerto Rico Science, Technology & Research Trust has selected Wovenware Partners, a provider of Artificial Intelligence (AI)-based services and solutions, to develop a system to automate the identification and classification of the Aedes Aegyptis mosquito.
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Habitat for Humanity P.R. to provide houses to Hurricane María victims
August 9, 2018
Habitat for Humanity of Puerto Rico has opened a call for a new housing project in Río Piedras, inviting families and individuals in need of a home and who have been affected by Hurricane María.
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OBoard adopts new policies to handle certain gov’t transactions
August 8, 2018
The Financial Oversight and Management Board for Puerto Rico announced the adoption of two new policies to “foster accountability, transparency and efficient dealing” in certain government transactions and public projects.
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Clinton Foundation recognizes Foundation for P.R.’s work post-María
August 8, 2018
As part of the Clinton Global Initiative Action Network on Post-Disaster Recovery meeting, former President Bill Clinton recognized the Foundation for Puerto Rico's work.
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T-Mobile announces expansion strategy, increased coverage
August 8, 2018
Wireless carrier T-Mobile announced a multi-million strategy to expand its locations, while increasing its network’s coverage and capacity throughout the island.
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Op-Ed: We need more than a tourniquet to save our healthcare providers
August 8, 2018
Our shift from a regionalized public health system into a Medicaid managed care system (“La Reforma”) in 1993 changed the landscape of healthcare in Puerto Rico.
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SJ Marriott Resort & Stellaris Casino ends use of plastic straws, removers
August 8, 2018
The San Juan Marriott Resort & Stellaris Casino recently announced the elimination of plastic straws and removers.
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Tikun Olam introduces cannabis products to P.R.
August 8, 2018
Global cannabis brand Tikun Olam is bringing its cannabis medicine to Puerto Rico through an exclusive licensing agreement with iaso Corporation.
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Oracle: Paperwork ‘should be a thing of the past’
August 8, 2018
A recent study by technology company Oracle showed that in the era of “smart citizens,” governments must transform themselves digitally for the benefit of their inhabitants, including Puerto Rico’s public structure.
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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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