McCormack Baron Salazar, Puerto Rico Institute of Statistics name new execs
June 16, 2020
A couple of high-ranking executives were announced in recent weeks, to head public and private-sector organizations. McCormack Baron Salazar names VPMcCormack Baron Salazar announced that Antonio Garate has been named vice president and director of development for Puerto Rico. With 25 years of experience in commercial, residential, institutional, and industrial design and construction management, Garate will […]
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Airbnb, Discover Puerto Rico partner to develop destination website
June 12, 2020
Short-term rental company Airbnb announced it is partnering with Discover Puerto Rico through a program to market the island by promoting local tourism. Puerto Rico is one of nine destinations worldwide to participate in the first strategic alliances, and one of two in the Caribbean, said Discover Puerto Rico CEO Brad Dean. “We often receive […]
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Puerto Rican Telecom Alliance asks FCC to evaluate bill to tax internet service
June 12, 2020
The Puerto Rican Telecommunications Alliance sent a letter to Federal Communications Commission Chair Ajit Pai asking him to take notice of the local legislature’s “attempt to tax the internet and broadband internet access services.” The Alliance — which groups internet, television and telephony services providers Aeronet, Claro, Data Access, Liberty Puerto Rico, Neptuno, Optivon, VPNet, […]
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Simon Property Group ends deal to buy Taubman Centers
June 11, 2020
Simon Property Group Inc., which in February 2020 announced plans to acquire rival mall operator Taubman Centers Inc. for some $3.6 billion, confirmed it has terminated the deal. The retail giants have properties worldwide, including Plaza Carolina, a Simon property, and The Mall of San Juan, which Taubman opened in 2015. Both shopping centers reopened […]
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Analysis: Puerto Rico to bear harder economic brunt from pandemic
June 11, 2020
Puerto Rico is expected to “be hit harder” by the effects of the COVID-19 pandemic in comparison to many other global jurisdictions, mainly due to the exceptional circumstances it faced prior to the health crisis, according to the latest analysis released by Estudios Técnicos. The firm, based in San Juan, predicts as a result, Puerto […]
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Puerto Rico tourism officials unveil strategies to jump-start sector
June 9, 2020
Discover Puerto Rico and the Puerto Rico Tourism Co. on Monday unveiled separate but similar promotional strategies to jump-start tourist activity, which has declined significantly over the past several months since COVID-19 arrived at the island. While the Tourism Co.’s effort seeks to mobilize some 410,000 residents to vacation on the island during the summer […]
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Puerto Rico shopping center execs ask governor to extend operating hours
June 9, 2020
The Puerto Rico Association of Shopping Centers said following a “successful” first week of reopening after a nearly three-month shutdown, they are “ready for the next phase,” and asked Gov. Wanda Vázquez to allow them to return to regular operating hours. “We’re proud of the result of the reopening, since it was carried out in […]
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Telecom services under Lifeline program subject to new reviews starting June 23
June 8, 2020
Starting on June 23, Puerto Rico consumers applying for subsidized telecommunications services will have to go through the National Lifeline Eligibility Verifier to validate that they qualify for services. On that date, telecommunications carriers that participate in the subsidy program must cease using older eligibility processes to complete enrollments, the Federal Communications Commission’s Wireline Competition […]
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Labor groups present recommendations to governor to protect workers
May 28, 2020
The Puerto Rico Workers Federation, AFL-CIO, headed a group of about 35 unions who met with Gov. Wanda Vázquez and administration officials to present a list of suggestions to “ensure the health and safety of all workers” as the island’s economy reopens amid the COVID-19 health crisis. During a meeting at the Puerto Rico Convention […]
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Puerto Rico Labor Dept. confirms payout of $727M in jobless benefits
May 27, 2020
The Puerto Rico Labor Department has disbursed nearly $727 million in unemployment benefits to more than 210,000 beneficiaries since April 1, agency Secretary Briseida Torres said. She said $569 million have been disbursed from the regular Unemployment Insurance Program in the past two months, including federal supplementary aid approved by the CARES Act, since April […]
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Puerto Rico restaurants reboot operations as physical distancing sets in
May 27, 2020
Puerto Rico restaurants have been given the green light to reopen for business, at reduced capacity and under physical distancing restrictions that are prompting most to reboot to move forward. One major consequence of the distancing required to contain COVID-19 contagion is the virtual elimination of the self-serve buffet concept, which is now a thing […]
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Esteban Montes Salon activates safety protocols to open its 2 locations
May 26, 2020
In anticipation of the reopening of his two salons in Guaynabo and Condado today, professional stylist Esteban Montes has activated a sweeping safety protocol to protect customers and employees from exposure to the COVID-19 virus, he confirmed. In an interview with this media outlet, Montes said the operational shutdown that began March 16 has represented […]
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Puerto Rico Treasury starts cutting $1,200 checks to 2018 tax return filers
May 21, 2020
The Puerto Rico Treasury Department has begun the second phase of the Economic Impact plan, which calls for sending $1,200 to taxpayers who filed their 2018 returns. Those deposits follow the disbursements to taxpayers who filed their returns for 2019, and provided their banking information to the agency. On Tuesday, the agency disbursed nearly $48 […]
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Study: Auto industry could see effects of COVID-19 for years to come
May 20, 2020
The global auto industry is facing an economic context that will affect sales processes and customer relations for years to come, according to a study by San Juan-based research firm Abexus Analytics. That trend will be no different in Puerto Rico, where new car sales have plummeted by 96% since the island went into lock-down […]
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Caribbean Produce Exchange lands ‘Farmers to Families Food Box Program’ contract
May 19, 2020
Puerto Rican consumer food and fresh food distributor, Caribbean Produce Exchange Inc., announced the creation of a coalition of multiple food industry sectors and the local Agriculture Department to participate in the U.S. Department of Agriculture’s “Farmers to Families Food Box Program.” Through the initiative, the coalition will use $107 million in grant funding to […]
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