2 Puerto Rico-based co.’s assigned $45.5M in 3rd round of USDA’s Food Box Program
September 18, 2020
Caribbean Produce Exchange, LLC and Drouyn & Co. Inc. were among the 50 vendors selected to receive a combined $45.5 million from the third round of funding of the Farmers to Families Food Box program, overseen by the U.S. Department of Agriculture. Caribbean Produce Exchange, LLC, which has been distributing food boxes since mid-May, has […]
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Puerto Rico’s reliance on internet services increasing during pandemic
September 17, 2020
The COVID-19 pandemic, which since mid-March has upended the lives of most people in Puerto Rico, has also brought with it a shift in traditional work environments that now generate a greater demand for telecommunications services, specifically internet connections. That was one of several conclusions included in a study commissioned by advertising agency Wunderman Thompson, […]
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Puerto Rico Ports Authority reopens Humacao airport
September 15, 2020
Following an investment of close to $300,000, the Puerto Rico Ports Authority will reopen the Dr. Hermenegildo Ortiz-Quiñones general aviation regional airport in Humacao today, a facility reserved for individual pilots and ultralight aircraft operators. In an exclusive interview with this media outlet, Ports Authority Executive Director Joel Pizá-Batiz confirmed that the reopening comes after […]
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Puerto Rico residents have filed 2K+ bankruptcy cases since mid-March
September 11, 2020
A total of 2,081 petitions have been filed in Puerto Rico’s bankruptcy courts since Gov. Wanda Vázquez implemented the first lockdown measures related to the COVID-19 pandemic, research firm Boletín de Puerto Rico revealed. The report breaks down weekly filings, showing that the week of May 25-31 reflected the highest number of petitions, at 157 […]
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Puerto Rico’s entertainment industry loses $150M since mid-March
September 11, 2020
Confirming that COVID-19 has represented a $150 million blow and the cancellation of 1,000 performances, Puerto Rico’s entertainment sector asked the government to activate the Recovery Plan presented in May and demanded special attention to the issue of aid and incentives for its workers. The entertainment industry has remained in shutdown mode since the government […]
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Puerto Rico Retailers Assoc.: Gov’t, employees have lost $203M during Sunday closings
September 10, 2020
The Puerto Rico Retailers Association (ACDET, in Spanish) again asked Gov. Wanda Vázquez to allow businesses to fully reopen on Sundays, saying losses experienced by workers and the government related to the protracted inactivity are already estimated at $203 million. The closing of some 7,296 retail businesses for some 20 Sundays — in accordance with […]
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Casinos, restaurants ask gov’t to ease pandemic restrictions
September 9, 2020
As the current Executive Order in place by the government imposing restrictions on the population and businesses is set to expire on Friday, representatives from Puerto Rico’s casino and restaurant industries have asked for an easing up of conditions they say are putting operations and employees at risk. During a news conference, casino industry executives […]
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Toyota Yaris vehicle production, delivery to Puerto Rico to end in November
September 4, 2020
The 2020 model of the Toyota Yaris Sedan will be the last to be sold in Puerto Rico, after the automaker decided to end production and delivery of the popular sub-compact vehicle to the local market. “After careful consideration, Toyota Motor North America (TMNA) has decided that 20MY will be the last model year for […]
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PRASA gets approval for up to $163M in capital improvement loans
August 31, 2020
The Puerto Rico Aqueduct and Sewer Authority announced it has received approval to receive up to $163 million for 28 capital improvement projects through a loan agreement with the Department of Natural and Environmental Resources and the Infrastructure Financing Authority’s State Revolving Fund (SRF). The projects include improvements for sanitary infrastructure in the municipalities of […]
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Hard Rock Café to open in Ponce, as fate of San Juan location unconfirmed
August 28, 2020
The new Hard Rock Café under construction in Ponce is slated to open in November, inside the Aloft Hotel — which will debut as the second to fly the flag owned by Marriott in Puerto Rico and entailed a $15 million investment. The 125,000 square-foot property will feature 152 guestrooms, 15,000 square feet of convention […]
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PREPA to test emergency generators in Vieques, Culebra on Aug. 30
August 28, 2020
The Puerto Rico Electric Power Authority confirmed it will interrupt the power service to test the emergency generators in the Vieques and Culebra municipal islands, this Sunday, Aug. 30. The service interruption will be from 8 a.m. to 9 a.m. and from 3 p.m. to 4 p.m. in Vieques, and from 7:30 a.m. to 8 […]
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Iconic InterContinental Hotel to change name under new management
August 26, 2020
The iconic InterContinental Hotel in Isla Verde — whose moniker has stretched across its façade since the early 2000s — will be rebranded later this year, or early in 2021, as it shifts to new management through a transaction between owner Service Properties Trust and Sonesta International Hotels. The sprawling beachfront hotel, which has been […]
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Oversight Board assigns $10M to Labor Dept. for tech upgrades
August 18, 2020
The Financial Oversight and Management Board for Puerto Rico has assigned $10 million to the Puerto Rico Department of Labor and Human Resources for technological upgrades for a system that is decades old. Agency Secretary Carlos Rivera-Santiago confirmed that the upgrade to a new data system to process unemployment information and payments will begin this […]
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Puerto Rico Labor Secretary discusses status of jobless, PUA benefits
August 18, 2020
https://media.blubrry.com/dollarsandsensenewsismybusines/newsismybusiness.com/wp-content/uploads/2020/08/NIMB-Podcast-2020-Labor-Secretary-mixdown-08.17.20.mp3Podcast: Play in new window | DownloadSubscribe: Apple Podcasts | RSS🚨 Find out what he said about: 🚨 ✅ The status of regular and PUA unemployment claims; ✅ The payment of three weeks in May owed to PUA beneficiaries; ✅ The adoption of the “Fast PUA” system.
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Ports Authority opens RFP process for dry dock at Pier 15 in Isla Grande
August 17, 2020
The Puerto Rico Ports Authority has opened a call for a Request for Proposals (RFP) process for the operation, maintenance and repair of the dry dock located at Pier 15 in Isla Grande, agency Executive Director Joel A. Pizá Batiz announced. It is estimated that this project has the potential to generate private investment of $20 million, the […]
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