P.R.’s DMO making an impact, but needs local communication strategy
September 10, 2019
The efforts of Puerto Rico’s Destination Marketing Organization, Discover Puerto Rico, are having repercussions outside the island’s shores, but more work and funding are needed to continue putting the island in the eye of visitors worldwide. Such were the impressions offered by four former Puerto Rico Tourism Co. executive directors — one of whom also […]
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5-building residential complex planned for former Sears property in Hato Rey
September 5, 2019
The development plans for the former government-owned Sears property in Hato Rey, sold for $11.6 million last year, call for establishing a five-building residential complex, this media outlet confirmed. According to the proposed plans submitted by the property’s owner, Puerta de San Juan LLC. to the government’s Permits Management Office, the housing complex will comprise […]
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Statistics Institute presents 3-yr. strategic plan, opens call for executive director
September 4, 2019
The Puerto Rico Institute of Statistics is actively reorganizing its internal operations and on Tuesday opened the call for a new executive director who should be in place by November, Board Chair Arnaldo Cruz said. During a news conference at the agency, Cruz said the restructuring began when former Executive Director Mario Marazzi stepped down […]
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Guaynabo poised to steer $100M+ in economic development projects
September 3, 2019
The Guaynabo municipal government is finalizing the details of what will be the new Guaynabo Development Enterprise Corp. to oversee the development of more than $100 million in projects. Guaynabo Mayor Ángel Pérez confirmed that the ordinance creating the entity should be approved this week, after being discussed in public hearings. When it comes online, […]
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Gov’t to sign 1-yr. contract extension with P.R. Fast Ferries to serve Vieques/Culebra
August 30, 2019
The Maritime Transportation Authority will extend for another year its contract with Puerto Rico Fast Ferries to provide service between Puerto Rico and its island municipalities of Vieques and Culebra. However, the contract will be modified, as the government will commission the private operator for three vessels, rather than the current four, for $10 million, […]
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Coliseo de Puerto Rico partners with Ticketera for new box office service
August 28, 2019
The management of the Coliseo de Puerto Rico, the island’s largest events venue, announced it has entered into an agreement with local firm Ticketera for a new box office service effective Sept. 1. The new, three-year revenue-sharing agreement is expected to boost the coliseum’s annual returns by 20%, General Manager Eduardo Cajina confirmed. This marks […]
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Intercontinental San Juan hotel undergoing multi-million, top-to-bottom renovation
August 23, 2019
The Intercontinental San Juan, one of Isla Verde’s iconic hotel properties, is undergoing a multi-million-dollar renovation — the first in 20 years, this media outlet confirmed. Although the amount of the investment was not disclosed, it is estimated at close to $80 million. Christine May, public relations and marketing consultant for IHG, owners of the […]
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P.R’s banking regulator sees ‘no major obstacle’ to Oriental-Scotiabank merger
August 22, 2019
Puerto Rico’s Office of Financial Institutions Commissioner George Joyner said although the deal is pending regulatory approvals, he sees “no major obstacle” for Oriental’s acquisition of Scotiabank de Puerto Rico’s assets to happen. In an interview on the “En Una Hora” program that airs on 11Q 1140 AM, in which News is my Business participates, […]
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COR3 seeks contractors for debris removal, demolition of 15,495 properties in P.R.
August 20, 2019
The Central Office of Recovery, Reconstruction and Resiliency, known as COR3, has issued a request for proposal to implement a Private Property Debris Removal and Demolition program, to be funded by Federal Emergency Management Agency. “The debris removal and demolition process of a private structure that may pose a risk to the environment entails a […]
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Construction of Zafira luxury hotel in Vieques to begin this week
August 19, 2019
Six months after breaking ground on the $50 million Zafira hotel and time share property in Vieques, developer Keith St. Clair confirmed construction will begin this week. The project was held back by a permit required by U.S. Fish and Wildlife, aimed at protecting turtle nesting areas on the beach at the Esperanza sector of […]
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FCC Chair recommends OK of T-Mobile/Sprint merger, as U.S. Justice Dept. supports
August 15, 2019
Federal Communications Commission Chairman Ajit Pai circulated a draft order that would approve, subject to conditions, the proposed merger between T-Mobile and Sprint. His decision received immediate backing from the U.S. Justice Department, which stressed on the order’s proposal of the divestiture of Boost Mobile, Virgin Mobile, and Sprint prepaid to Dish Network Corp. “After […]
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Oriental files applications to regulators for approval of proposed Scotiabank purchase
August 14, 2019
OFG Bancorp announced it has filed applications at four regulatory agencies for consent of its proposed acquisition of Scotiabank de Puerto Rico, according to public notices published Tuesday. The petitions to the Federal Reserve, the Federal Deposit Insurance Corp., the Puerto Rico Office of the Commissioner of Financial Institutions and the U.S. Virgin Islands Banking […]
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T-Mobile lights up 600MHz in Vieques, completing deployment throughout P.R.
August 13, 2019
VIEQUES, P.R. — Wireless carrier T-Mobile announced the arrival of the 600MHz technology to Vieques, completing the deployment of the next-generation technology throughout the 78 municipalities. Less than two years after Hurricane María struck Puerto Rico, T-Mobile has lit up 600MHz to provide coverage in every town, the company’s General Manager Jorge Martel said. The […]
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A’GACI announces closing of all stores, including 3 locations in P.R.
August 12, 2019
Some 18 months after filing for Chapter 11 bankruptcy, women’s fashion retailer A’GACI has announced the closing of the remaining 54 stores in its chain, including three in Puerto Rico. Going-out-of-business sales are underway at the stores — including locations in Plaza del Norte, Plaza del Caribe and Plaza Las Américas. However, it remained unclear […]
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Invest P.R. CEO: Investors must be assured things are moving forward
August 12, 2019
https://media.blubrry.com/dollarsandsensenewsismybusines/newsismybusiness.com/wp-content/uploads/2019/08/NIMB-Podcast-INVEST-Puerto-Rico_mixdown.mp3Podcast: Play in new window | DownloadSubscribe: Apple Podcasts | RSSThe political turmoil Puerto Rico has been experiencing in recent weeks is similar to what has happened in other jurisdictions, and investors must be assured that “things will continue to move forward,” Invest Puerto Rico CEO Rodrick Miller said. In an exclusive interview with News […]
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