Gov’t opens bids for $250M upgrade to San Juan Bay ports area
October 22, 2019
The Puerto Rico Public-Private Partnerships Authority, in collaboration with the Puerto Rico Ports Authority, are seeking bids to repair, design, build, finance, maintain and operate certain marine cruise terminals in the San Juan Bay, with an associated investment of $250 million. The piers in the San Juan Bay that are proposed to form part of […]
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New Energy Consultants files for Ch. 11 bankruptcy owing $9.8M+
October 17, 2019
New Energy Consultants, a Puerto Rico-based company founded in 2007 dedicated to the design, installation, sale, financing and purchase agreements of solar systems for residential, commercial and industrial customers, has filed for Chapter 11 bankruptcy protection, citing more than $9.8 million in debt. According to the filing, the extensive list of creditors includes several major […]
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Animus to unite 35+ local, int.’l speakers at its upcoming Nov. 15 conference
October 17, 2019
Animus, the largest women’s personal, professional and entrepreneurial development platform, will host its annual summit on its fifth anniversary, providing thousands of participants with valuable tools to grow and maximize their lives, careers and community. This year’s Animus will take place Nov. 15 at the Puerto Rico Convention Center. In five years, Animus, created by […]
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Bureau of Economic Analysis says P.R.’s data now ‘in line with the rest of the world’
October 17, 2019
https://media.blubrry.com/dollarsandsensenewsismybusines/newsismybusiness.com/wp-content/uploads/2019/10/Podcast-BEAnalysis-1.mp3Podcast: Play in new window | DownloadSubscribe: Apple Podcasts | RSSThe U.S. Department of Commerce’s Bureau of Economic Analysis is working on establishing a clear picture of Puerto Rico’s economy, and laying down a uniform methodology in line with U.S. mainland states and territories, countries across the world. In this episode of “Dollars & Sense,” […]
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P.R. Restaurants Association urges eateries to ‘pass on reduced tax’ to consumers
October 15, 2019
Puerto Rico Restaurants Association Chair José Salvatella urged local eateries to complete the necessary steps to be able to pass on the reduced sales and use tax rate to consumers, who are increasingly eating out. During an interview on the “En Una Hora” radio program on 11Q 1140 AM, in which News is my Business […]
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T-Mobile’s Legere: ‘Way to abandon people, @ATT!!’
October 10, 2019
AT&T’s announcement that it plans to sell its wireless and wireline operations in Puerto Rico and the U.S. Virgin Islands to Liberty Latin America drew reactions from members of the industry, including its main competitor T-Mobile. T-Mobile CEO John Legere, who is known for his outspokenness and for taunting his competitors, took to his Twitter […]
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Sale of AT&T Puerto Rico’s assets would usher out brand after decades in the market
October 10, 2019
The AT&T brand has been a fixture in the Puerto Rico market for decades, during which it has been associated with both wireless and wireline services — a dominant carrier for when per-minute, long-distance calling existed — that changed the face of local telecommunications. The AT&T name has been around since the telephone was invented. […]
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Tropic Ocean Airways establishes operations in P.R. to blanket Caribbean
October 3, 2019
Florida-based Tropic Ocean Airways announced the start of operations in Puerto Rico, where it will be offering chartered amphibious seaplane services from the Jet Aviation terminal at the Luis Muñoz Marín Airport to the rest of the island and beyond. During a roundtable discussion with members of the media — and Puerto Rico Tourism Company […]
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Minnesota-based Wonders Ice Cream to open 1st dessert parlor in Boquerón
October 1, 2019
Wonders Ice Cream, a Minnesota-based rolled ice cream shop franchise, will open its first store in the Boquerón area of Cabo Rojo next year, in the hands of an entrepreneur who envisions it becoming a hang-out spot for tourists and locals alike. Jay Martínez bought the rights to the franchise from friend Kit Houngnakhone — […]
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Metropistas, Aloft Hotel appoint new leadership
October 1, 2019
Metropistas, the private operator of two busy highways, and Aloft Hotel, currently under construction in Miramar, named new executives in the last week. Metropistas names new CEO Autopistas Metropolitanas de Puerto Rico (known as Metropistas), the consortium that has operated the the PR-22 (Expreso De Diego) and PR-5 toll roads since 2011, announced the appointment […]
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EXCLUSIVE: FCC Chair Pai discusses historic $950M allocation for P.R./USVI
September 26, 2019
https://media.blubrry.com/dollarsandsensenewsismybusines/newsismybusiness.com/wp-content/uploads/2019/09/NIMB-Podcast-AJIT-PAI-FCC_mixdown.mp3Podcast: Play in new window | DownloadSubscribe: Apple Podcasts | RSSThe Federal Communications Commission today approved $950 million in funding to improve, expand, and harden communications networks in Puerto Rico and the U.S. Virgin Islands. Chairman Ajit Pai, who has been front and center of the telecom recovery efforts for Puerto Rico and the USVI […]
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Gov’t proposes new rate structure for P.R./Vieques/Culebra ferry service
September 19, 2019
The Maritime Transportation Authority is proposing a change the fare structure for ferry service between Puerto Rico and the island municipalities of Vieques and Culebra that would charge non-residents $11.25 per trip. Fares for residents of the two islands would remain the same. The proposed revisions also call for hikes on fees charged to transport […]
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$12M, 200-room hotel planned for Puerta de Tierra sector in San Juan
September 13, 2019
A new $12 million hotel will be built on Ponce de León Ave. in San Juan’s Puerta de Tierra sector, featuring some 200 rooms at competitive rates, this media outlet confirmed. Construction of the 10-story hotel will begin in mid-2020 and will be completed in 2022, said Eduardo Oliver-Polanco, the engineer in charge of the […]
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Gov’t to tackle expected $1.8b revenue loss from end of Law 154 tax credit
September 12, 2019
The government of Puerto Rico will establish work groups comprising local and federal officials, as well as private-sector executives, to brainstorm on potential alternatives to offset the loss of federal credits granted for taxes paid by manufacturing companies under the Commonwealth’s Law 154. The tax credits, which will be phased out by the U.S. Department […]
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Cayo Blanco added to Vieques/Culebra ferry service, another vessel en route
September 12, 2019
The Puerto Rico Maritime Transportation Authority announced the addition of the Cayo Blanco ferry, which has a capacity for 600 passengers, to the Puerto Rico/Vieques route. Another ferry, the Coastal Explorer — owned by Puerto Rico Fast Ferries — will substitute the Schoodic Explorer as part of the new $10 million, one-year contract recently signed […]
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