Puerto Rico Bankers Association warns about COVID-19-related fraud schemes
April 9, 2020
The Puerto Rico Bankers Association is urging residents to stay “informed and alert” to the various fraud schemes that have arisen related to the coronavirus COVID-19 pandemic. Additionally, the trade group is emphasizing the importance of learning how to properly manage these schemes to protect personal and financial information. Scammers have taken advantage of the […]
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Report: Puerto Rico’s COVID-19 crisis will spur opportunities
April 8, 2020
Puerto Rico’s current situation, albeit unfortunate, will bring more opportunities “find niches of economic growth and development” in the medium and longer term. But in the near-term, the island will continue to drag economic challenges present before the COVID-19 emergency. So predicts H. Calero Consulting Group Inc. in its latest edition of its in-house “Economic […]
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Puerto Rico Treasury waiting on federal guidelines to cut $1,200 checks
April 7, 2020
The Puerto Rico Treasury Department is waiting on its federal counterpart to issue the guidelines to cut $1,200 checks to eligible island residents as part of the CARES Act. However, the agency announced that it is considering advancing the disbursements after the Financial Oversight and Management Board for Puerto Rico approved the local government’s request […]
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Alliance launches campaign to bring manufacturing back to U.S. soil
April 7, 2020
Stressing that the COVID-10 pandemic has put the spotlight on the importance of the manufacture of medicines, products and medical devices to guarantee the health of citizens, the Alliance for the Economic Development of Puerto Rico launched a campaign to support the return of pharmaceutical and health-related products to the United States. The private sector […]
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Puerto Rico governor tightens lockdown during Holy Week
April 6, 2020
Puerto Rico Gov. Wanda Vázquez announced tighter conditions on the lockdown and curfew in place during Holy Week that starts today. The measures include ordering the closure of most businesses on the island on Good Friday, Saturday and Easter Sunday. Only drugstores will be open for prescription pick-up and gas stations may remain open to […]
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Popular disburses $2.6M in emergency loans, adjusts operations in wake of COVID-19
April 6, 2020
Banco Popular announced the approval and disbursement of the first loans granted by the institution under the Paycheck Protection Program established by the Coronavirus Aid, Relief, and Economic Security Act (CARES). The program went into effect on April 3 and will run through June 30. On Friday, Popular approved some $2.6 million in loans and, […]
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FCC’s $200M COVID-19 telehealth program includes Puerto Rico providers
April 6, 2020
The Federal Communications Commission voted to adopt a $200 million telehealth program to support healthcare providers responding to the ongoing coronavirus pandemic. The agency will accept applications from eligible health care providers in Puerto Rico, this media outlet confirmed. U.S. Congress appropriated the funds as part of the CARES Act, the agency said. Through the […]
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U.S. Census data collection in Puerto Rico remains ‘on track’ despite lockdown
April 6, 2020
The U.S. Census is looking remain “on track” with its data collection process in Puerto Rico, where a lockdown in place since Mar. 15 has sidelined its door-to-door surveyors. María Olmedo-Malagón, program manager for the 2020 Census communications campaign, said this is so because the agency has several other methods in place to collect the […]
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DMO: Puerto Rico’s drop in occupancy ‘swifter, more severe’ vs. U.S. mainland
April 3, 2020
Discover Puerto Rico, the island’s destination marketing organization, confirmed that the local drop in occupancy has been “swifter and more severe” in Puerto Rico, with -71%, than the United States’ average of -56%. Part of that difference has to do with the fact that Gov. Wanda Vázquez established strict restrictions starting Mar. 15 to contain […]
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Carolina municipal gov’t cleans, disinfects high-traffic areas
April 3, 2020
As a measure to prevent communal contagion from COVID-19, the Municipality of Carolina has established a protocol to clean and disinfect areas with businesses and shops that provide essential services to the community, the mayor’s office confirmed. The municipal Fire Department is in charge of the effort, conducted during the curfew period in place for […]
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8 food trucks park their kitchens at 4 Sam’s Clubs stores
April 3, 2020
When Sam’s Club announced a week ago that it would be opening its parking facilities to food trucks to do business within their parking facilities, eight signed up at all four stores, the mega-retailer confirmed. There are two trucks in each of the Sam’s locations: La Cuchara and 3 Men, 2 Wagon are at Kennedy […]
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Survey: 92% of Puerto Rico businesses won’t be able to make payroll
April 2, 2020
A survey of 450 businesses in Puerto Rico revealed that about 92% of them will be unable to continue making payroll, as the island enters its third week of a sweeping government-mandated lockdown to contain the spread of the COVID-19 virus. Furthermore, 85% of the businesses surveyed do not have a contingency fund, and 59% […]
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T-Mobile completes merger with Sprint; Puerto Rico to have ‘1st-class network’
April 1, 2020
T-Mobile US, Inc. announced today that it has officially completed its merger with Sprint Corporation to create the New T-Mobile, that promises to deliver upgraded networks, better products at lower prices, and greater shareholder value. For Puerto Rico, the merger means the disappearance of a brand that has been in the market for several decades […]
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Consumer Affairs revises rules for condo residents amid COVID-19 curfew
April 1, 2020
The Puerto Rico Department of Consumer Affairs has issued a new set of rules that condominium residents must abide by during the COVID-19 lockdown and curfew, agency Secretary Carmen Salgado confirmed. The new conditions included in Order 2020-010 seek to respond to several complaints filed at the agency known as DACO about “extreme measures” adopted […]
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Puerto Rico’s self-employed individuals with staff now eligible for up to $1,500 incentive
March 31, 2020
The Department of Economic Development and Commerce and the Treasury Department have reached an agreement so that those people who do business individually and have employees may receive an economic incentive of up to $1,500 — the same as a small and medium-sized company — to compensate for losses related to the COVID-19 emergency. The […]
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