Walmart Puerto Rico testing curbside pickup service at Plaza Cayey store
August 30, 2021
Walmart Puerto Rico has begun to quietly test its curbside pickup service for online purchases at its Supercenter in Plaza Cayey, to potentially introduce that new alternative to the Puerto Rico market, News is my Business learned. The store appears as the only one listed on Walmart’s website for Puerto Rico as a location where […]
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FCC grants $1.8M in telehealth program awards to 2 Puerto Rico providers
August 27, 2021
The Federal Communications Commission (FCC) has awarded some $1.8 million in funding to two Puerto Rico-based healthcare service providers to jumpstart their telehealth initiatives, the federal agency announced. The Med Centro Healthcare System in Ponce was awarded $909,391 to finance network improvements and buy connected devices, such as laptops and tablets, to implement a telehealth […]
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Triple-S Management to go private if sale to FL-based Guidewell closes
August 25, 2021
The $900 million acquisition of Triple-S Management Corp. by Florida-based Guidewell Mutual Holding Corp. will take the Puerto Rican insurer from a publicly traded to a private company, if the transaction is consummated in 2022. During a news conference with reporters a few hours after announcing the all-cash deal, Triple-S Management CEO Roberto García-Rodríguez said […]
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Pharma co. Romark waiting on FDA approval of COVID-19 treatment
August 25, 2021
Research-based pharmaceutical company Romark Global Pharma has completed a clinical trial that showed that a tablet it is manufacturing at its Manatí plant can prevent about 80% of hospitalizations caused by COVID-19 in high-risk patients, company CEO Marc Ayers confirmed. “We submitted data to the Food and Drug Administration in April and we’re now waiting […]
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Execs. named to positions in entertainment, real estate, automotive sectors
August 25, 2021
This week’s edition of Climbing the Corporate Ladder features new executive appointments across Puerto Rico’s entertainment, real estate, and automotive industries. Ticketera announces high-ranking appointmentsRicardo Aponte-Yunqué, one of the founding partners of Puerto Rican firm Ticketera, announced the appointments of Eduardo Cajina as Chief Operating Officer and Héctor Agosto as Chief Financial Officer. The professionals […]
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Triple-S Management to be sold to GuideWell in all-cash deal worth $900M
August 24, 2021
GuideWell Mutual Holding Corporation, a health solutions company and parent of Blue Cross and Blue Shield of Florida Inc., and Triple-S Management Corp. a health care services company in Puerto Rico, announced they will combine to transform the health care experience for their members in Florida and Puerto Rico. Under the terms of the definitive […]
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FirstBank sues Pizza City owners to collect $1.9M in unpaid loan, foreclose
August 23, 2021
FirstBank Puerto Rico recently filed a lawsuit seeking to collect $1.9 million from the owners of Pizza City, a long-standing, popular eatery with tourists on the Isla Verde strip in Carolina, claiming non-payment of an existing loan. It is also pursuing foreclosure and the sale of the iconic restaurant through public auction. In the lawsuit […]
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More ferries to join Puerto Rico/Vieques/Culebra maritime route by year’s end
August 19, 2021
The maritime connection between Puerto Rico and the island municipalities of Vieques and Culebra will see the arrival of several additional passenger and cargo vessels — expanding the fleet to nine — by year’s end, Matt Miller, president of HMS Puerto Rico, confirmed. In an interview with News is my Business, Miller also said the […]
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Ports Authority submits $10M grant application for Pier 15 renovation project in San Juan
August 17, 2021
The Puerto Rico Ports Authority announced it has submitted a grant application to the US Department of Transporation’s Maritime Administration, seeking $10 million to cover 80% of the cost associated with rehabilitating operations at Pier 15 at the Port of San Juan. The federal funding is being requested under the Port Infrastructure Development Program, Ports […]
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Puerto Rico ranks #4 in Americas for best value-for-money on mobile data speeds
August 16, 2021
Puerto Rico has taken the #4 spot in a ranking of jurisdictions in the Americas that offer the best value-for-money to consumers for their mobile broadband speeds, according to an analysis generated by Speedcheck, an international organization dedicated to tracking data speeds. The island placed behind the continental United States, Chile, and Argentina, with average […]
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Liberty Mobile won’t change numbers of AT&T subscribers in Puerto Rico, USVI
August 12, 2021
Earlier this week, it was learned that an unspecified number of AT&T customers in Puerto Rico and the US Virgin Islands that were not transitioned to Liberty Puerto Rico will be losing their wireless numbers because of the sale of the carrier late last year. AT&T has limited its comments to saying that it has […]
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Blue Economy activity could generate $82M annually for Puerto Rico, experts say
August 6, 2021
Puerto Rico and the US Virgin Islands have a “unique opportunity” to lead eco-responsible business innovations in the international market, as well as export services, technology, products, and knowledge in Blue Economy solutions that could translate into $82 million annually for Puerto Rico. How to achieve it was the main theme of the Bluetide Caribbean […]
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T-Mobile exploring deploying in-home internet service in Puerto Rico
August 5, 2021
Wireless carrier T-Mobile is looking into taking cable providers head-on in Puerto Rico, with plans to deploy in-home broadband service, which it has already rolled out in several US markets. During a news conference, T-Mobile Puerto Rico General Manager Jorge Martel said the island has a “great need for this type of service.” “Puerto Rico […]
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34K Puerto Rico homeowners sheltered by USDA eviction moratorium
August 5, 2021
The US Department of Agriculture’s decision to extend the eviction moratorium for homeowners of properties financed or guaranteed by the agency through Sept. 30 could offer a reprieve to troubled mortgagees in Puerto Rico. There are 34,000 on that list, but not all are experiencing hardship. Furthermore, the agency announced that the single-family foreclosure moratorium […]
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Execs named to BluHost, MCS, Hilton, Aspira, and Iberia
August 4, 2021
This week’s edition of Climbing the Corporate Ladder includes several executive appointments across a broad range of industries, namely tourism, health insurance, and travel. BluHost names new all-female sales and marketing staffBluHost announced the appointment of five executive women to fill different positions within its sales and marketing departments for Hyatt Place, Hyatt House and […]
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