Regional airline Silver Airways lands in P.R. with ATR-600 aircraft
March 5, 2020
Independent regional airline Silver Airways on Wednesday landed its first of four new ATR-600 series aircraft at its Caribbean hub at the Luis Muñoz Marín International Airport. The carrier acquired Seaborne Airlines in 2018, and with the introduction of the ATR-600 series aircraft specifically designed for short-haul markets, it will replace that fleet by summer, […]
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Triple-S Management Corp. has received 45 earthquake-related claims
March 2, 2020
Triple-S Management Corp. has received 45 earthquake-related claims and expects losses of approximately $8.5 million to its property and casualty line of business, company CEO Bobby García confirmed upon revealing the latest quarterly results. In a call with analysts to discuss the fourth quarter results, García said the numbers for its Triple-S Propiedad division breaks […]
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New St.Gría cocktail line breaks the mold with unique flavor combinations
March 2, 2020
Sangria lovers are about to get a taste of a new line of the popular cocktail, St.Gria, produced by a husband and wife team that have concocted three unique flavor combinations that blend fresh juices, teas and spices. The first batch of the St.Gría line, which has been in the development and tasting stage for […]
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Nestlé Professional pours $1.5M into P.R. to grow coffee market
February 28, 2020
Nestlé Professional announced today that it has placed its newest Nescafé coffee equipment in 78 Wendy’s restaurants throughout Puerto Rico, representing a $1.5 million investment in the bean-to-cup coffee dispensers that will offer a variety of options to consumers. At the push of a button, the bean-to-cup brewer grinds whole beans, then brews and dispenses […]
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U.S. Census Bureau surveyors to begin visiting P.R. homes on Mar. 15
February 28, 2020
U.S. Census Bureau surveyors will begin visiting Puerto Rico homes starting Mar. 15, inviting residents to participate in the assessment that takes place every 10 years, said Jeff Behler, director of the U.S. Census Bureau’s New York Regional Office. During a joint press conference with the Puerto Rico Institute of Statistics, he said during the […]
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Liberty P.R. reports $412M in revenue in FY19, a 23% year-over-year jump
February 21, 2020
Liberty Puerto Rico reported $412.1 million in revenue for fiscal year 2019, an increase of 23% year-over-year attributed to a “focus on innovation and customer experience, as it strives to transform into a quad-play services provider.” The provider, whose results positioned it as one of its parent company Liberty Latin America’s biggest regional performers in […]
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Gov’t unveils plans for $300M thermal ocean energy project
February 21, 2020
The Department of Economic Development and Commerce unveiled a master plan to develop the $300 million Puerto Rico Ocean Technology Complex, or PROtech, to generate thermal ocean energy. Agency Secretary Manuel Laboy also unveiled plans to seek new energy sources through other eco-friendly developments and scientific research along Puerto Rico’s southeast area. “This project is […]
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U.S. Dept. of Transportation paves way to ease P.R.’s air cargo, passenger restrictions
February 20, 2020
The U.S. Department of Transportation has issued the first notice in favor of granting Puerto Rico a waiver to allow foreign airlines to perform certain cargo and passenger transfer services at international airports on the island, local government officials announced. The federal agency’s decision comes after eight months of analysis, kicking off a 14-day public […]
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P.R. restaurant sales at $1.9B ’19, down 6.5% vs. ’18, study confirms
February 19, 2020
Puerto Rico’s restaurant industry generated more than $1.9 billion in 2019, a decrease of 6.5% compared to 2018, according to an economic study commissioned by the Puerto Rico Restaurants Association, or ASORE in Spanish. The decrease was attributed to a loss in population and the lack of family income growth. The research was conducted a […]
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Loon seeks FCC’s OK to launch project trial in P.R.
February 19, 2020
Loon, a subsidiary of Alphabet Inc. — Google’s parent company — has filed an application asking the Federal Communications Commission to grant an experimental license to conduct a market trial that calls for transmitting broadband service to maritime vessels from fixed base stations in Puerto Rico. In its petition, where most of the proprietary content […]
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Subway restaurant chains marks 35 yrs. in P.R. where it has 180 stores
February 14, 2020
The Subway restaurant chain is celebrating its 35th anniversary in Puerto Rico, where it has 180 stores that have transformed over the years to satisfy local consumer tastes. In an interview with this media outlet, José Vázquez, vice president of Subway in Puerto Rico and who co-founded the chain in 1995 with business partner Lyle Swanson, […]
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U.S. District Court in New York approves T-Mobile/Sprint merger
February 12, 2020
T-Mobile US Inc. and Sprint announced that after receiving a favorable decision in U.S. District Court for the Southern District of New York the companies are now taking final steps to complete their merger to create the New T-Mobile. “T-Mobile has redefined itself over the past decade as a maverick that has spurred the two […]
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Ports opens bidding process for $1.5M Vieques airport renovation
February 12, 2020
As part of its capital improvement program, the Puerto Rico Ports Authority has opened the bidding process to renovate the Antonio Rivera-Rodriguez airport in Vieques, at a cost of $1.5 million, the agency’s Interim Executive Director Joel A. Pizá-Batiz announced. The improvements include the replacement of the terminal’s metal roof, reconditioning the roof of the […]
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Bankruptcies down 2.3% year-over-year in Jan., with Ch. 13 leading
February 11, 2020
A total of 496 bankruptcy cases were at the U.S. Bankruptcy Court in Puerto Rico during the month of January, representing a 2.3% drop from the same month last year, according to statistics released by analyst firm Boletín de Puerto Rico. The report shows that Chapter 13 personal reorganization cases prevailed, with 303 cases on […]
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Plaza Carolina owner, Simon Property, to buy The Mall of SJ owner Taubman Centers
February 10, 2020
Simon Property Group Inc. and Taubman Centers Inc. have entered into a definitive agreement under which Simon will acquire an 80% ownership interest in The Taubman Realty Group Limited Partnership (TRG), the companies announced. In Puerto Rico, Simon Property Group owns the Puerto Rico Premium Outlets in Barceloneta and the Plaza Carolina shopping center. […]
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