P.R. Institute of Statistics chief says project pipeline is ‘packed’ in 2020
March 13, 2020
Newly confirmed Puerto Rico Institute of Statistics Executive Director Orville Disdier sat down with Dollars and Sense to discuss the agency’s pipeline of projects for this year, including working alongside the U.S. Census for this year’s survey on the island, and working aggressively to shore up more funding from federal government and private sources to […]
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Events slated to take place in Puerto Rico nixed over COVID-19 concerns
March 11, 2020
Two major events scheduled to take place in Puerto Rico in coming weeks have been canceled as a result of global travel concerns amid the spread of the COVID-19 virus. While there have been a number of suspected cases reported in Puerto Rico, none have yet been confirmed as coronavirus patients. However, Tales of the […]
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Feeding America CEO visits to inaugurate new $3M Food Bank of Puerto Rico HQs
March 11, 2020
Claire Babineaux-Fontenot, CEO of Feeding America, traveled to Puerto Rico this week to inaugurate the new 30,600 square-foot facilities of the Food Bank of Puerto Rico in Carolina, at an investment of more than $3 million. Because Feeding America is the largest organization for the mitigation of hunger in the United States, her trip to […]
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PRMA: No. of P.R. co.’s with contingency plans to face potential COVID-19 outbreak ‘difficult to determine’
March 10, 2020
Knowing how many businesses in Puerto Rico have contingency plans in place to handle a possible outbreak of the COVID-19 virus is “difficult to determine,” the chairwoman of the Puerto Rico Manufacturers Association’s Occupational Health and Safety Committee, Tania Álvarez said. However, she confirmed most manufacturing plants have plans to protect their operations based on […]
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Restaurant chain owners will cover sales tax on selected menu options
March 9, 2020
Grupo Colón-Gerena, the franchisee of a combined 115 fast-food and casual dining restaurants in Puerto Rico, will pay for the sales tax applicable to certain menu options starting today, the company announced. Applebee’s, Longhorn, Olive Garden, Red Lobster, Sizzler and Wendy’s will include the sales tax as part of the price for the selected “premium” […]
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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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