Evertec sells box office service Ticketpop to rival Ticketera
April 30, 2021
As part of a strategic move to continue strengthening its focus on offering financial technology in the Puerto Rico and Latin American markets, Evertec announced the sale of its box office division, Ticketpop, to rival Ticketera, which specializes in online event ticket sales. The financial terms of the deal were not disclosed. “It hasn’t been […]
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Seguros Múltiples, Evertec, AES make executive appointments
April 30, 2021
This edition of Climbing the Corporate Ladder includes several executive appointments in a cross-sector of industries based in Puerto Rico. Cooperativa de Seguros Múltiples gets new presidentThe Cooperativa de Seguros Múltiples de Puerto Rico has named Luis Cordero as president, to give continuity to the company’s strategic growth plans on a short-, medium-, and long-term […]
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Popular reports $262.6M in 1Q21 net income, bullish on Puerto Rico’s economy
April 29, 2021
Popular Inc., parent company of Banco Popular de Puerto Rico, reported net income of $262.6 million for the quarter ended March 31, 2021, compared to net income of $176.3 million for the quarter ended December 31, 2020. “We got off to a strong start in 2021, earning $262.6 million in the quarter, and are optimistic […]
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Puerto Rico’s population shrinks by 11.8% since 2010
April 27, 2021
The U.S. Census Bureau disclosed that Puerto Rico’s resident population was 3,285,874 as of April 1, 2020, down 11.8% from 3,725,789 people included in the 2010 Census. “We’re proud to release these first results from the 2020 Census today. These results reflect the tireless commitment from the entire Census Bureau team to produce the highest-quality […]
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Pierluisi announces start of bidding process to rebuild hospital in Vieques
April 26, 2021
Nearly four years after losing its only hospital to the destruction caused by Hurricane María, the bidding process to rebuild the Vieques medical facility is officially underway. Gov. Pedro Pierluisi announced the start of the bid for architectural/engineering services for the conceptual drawings for the Susana Centeno Hospital in Vieques. He said $1 million has […]
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Farm Bureau supports González’s designation as agriculture secretary
April 26, 2021
Saying they “foresee a rebound in the sector” under the leadership of Agriculture Secretary-designate, Ramón González, members of the Puerto Rico Farm Bureau threw their support behind the farmer, whose confirmation hearing is scheduled for today at the Senate. During a press conference, leaders of the coffee, fishing, dairy, and family markets sectors, together with […]
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Earth Day ’21 marked by cross-sector effort to better Puerto Rico, the planet
April 22, 2021
Today, as the world observes the annual Earth Day celebration — under the “Restore Our Earth” motto — a cross-sector of industries have stepped forward to show their commitment to a better Puerto Rico and planet. Restoring the planet encompasses ongoing individual and collective efforts to achieve results in the short-, middle-, and long-term. It […]
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Puerto Rico Dept. of Labor gets $301K from federal counterpart to put people back to work
April 22, 2021
The Puerto Rico Department of Labor has been assigned a little more than $301,000 from the U.S. Department of Labor to run its Reemployment Services and Eligibility Assessments (RESEA) programs. The assignment is included in a total $146 million assigned to workforce agencies in 48 states, Puerto Rico, the U.S. Virgin Islands and the District […]
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Puerto Rico Health Dept. proposes $300 fine on travelers arriving without negative COVID-19 test
April 20, 2021
Puerto Rico Health Secretary Carlos Mellado has signed a new Administrative Order that effective April 28, will impose a $300 fine on all travelers who fail to present a negative COVID-19 test within 72 hours prior to their arrival to the island. However, he said the fine will be removed once the traveler submits the […]
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Puerto Rico’s average yearly salary hovers at $25,332, study shows
April 20, 2021
Puerto Rico’s average worker makes about $25,332 a year, according to a study by the Census Information Center of the University of Puerto Rico in Cayey, based on numbers from the US Census for 2017. The Center’s Director, Economist José Caraballo-Cueto, explained that the most recent economic Census provides data on a cross-section of private […]
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Para La Naturaleza gets $290K from National Endowment for the Humanities
April 15, 2021
The National Endowment for the Humanities (NEH) announced $24 million in grants for 225 humanities projects across the country, including a $290,750 allocation to Puerto Rican nonprofit organization Para la Naturaleza Inc. The grant will support Para La Naturaleza in developing a project called “Flora Borinqueniana: Three Centuries of Botanical Illustrations,” which is described as a […]
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Puerto Rican retailer La Hacienda opening 2 stores in SJ; US market on the horizon
April 12, 2021
La Hacienda, a local family-owned business established in 1979, is in expansion mode with plans to open two stores in the San Juan metro area in coming weeks and crossing the Atlantic into the US mainland in coming years to continue fueling its growth. In an exclusive interview with News is my Business, La Hacienda […]
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MIDA files federal lawsuit to halt application of transport rate hikes
April 9, 2021
The Chamber of Marketing, Industry and Food Distribution (MIDA, in Spanish) has filed a civil lawsuit seeking an injunction to prevent the enforcement of new transportation rates on existing contractual agreements, to prevent a hike in food prices. According to the lawsuit filed at the US District Court for Puerto Rico, the trade group seeks […]
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Passenger traffic at Luis Muñoz Marín Int’l Airport up 42.9% Y-O-Y in March
April 8, 2021
Passenger movement through the Luis Muñoz Marín International Airport surged by 42.9% year-over-year in March, when 751,974 people used the facility, versus the 526,181 recorded during the same month in 2020, which was significantly impacted by severe downturns in business and leisure travel stemming from the COVID-19 pandemic. Traffic in March 2021 benefitted from four […]
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USDA opens grants cycle to fund rural transportation system upgrades
April 8, 2021
The US Department of Agriculture announced the availability of grants to improve rural transportation systems under the Rural Business Development Grant program. Eligible applicants are organizations seeking to provide rural communities with training and technical assistance to improve transportation services and facilities. USDA does not provide funding directly to individuals under this program. News is […]
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