P.R. Pathology invests $7.5M in new 50K square-foot, state-of-the-art lab
July 25, 2019
Puerto Rico Pathology, which has been serving the island for 65 years, has invested $7.5 million in a new state-of-the-art, 50,000 square-foot lab to continue offering services on the island and the Caribbean. In an interview on the “En Una Hora” program on 11Q 1140 AM, in which News is my Business participates, Víctor Carlo, […]
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Rosselló resigns after corruption scandal, chat leak rocks administration
July 24, 2019
Embattled Gov. Ricardo Rosselló-Nevares is resigning, becoming the first governor in Puerto Rico’s history not to end his term and to leave office pressured by hundreds of thousands of island residents and members of his own New Progressive Party. However, his resignation will be effective Aug. 2, 2019, at 5 p.m. he said in a […]
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Oriental CEO: Political crisis could have future ‘economic consequences’ for P.R.
July 23, 2019
Upon revealing a 3.3% net revenue increase to $99.2 million from $96 million during the second quarter, Oriental CEO José Rafael Fernández said the events of the past week have not had an economic impact so far but could create them in the long-run. In a call with analysts to discuss the results, Fernández said […]
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San Juan-based businesses closing today as thousands expected to march
July 22, 2019
A range of private-sector businesses — from malls to banks — will remain closed today, as thousands of Puerto Rico residents are expected to convene on one of the island’s main highways to demand the resignation of Gov. Ricardo Rosselló. The massive march is expected to begin at 9 a.m. on PR-18, known as the […]
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Private sector reacts to arrests on gov’t corruption charges, ‘TelegramGate’
July 14, 2019
Today’s special episode features interviews with representatives from Puerto Rico’s private sector to discuss the events of the last week, when six people with ties to Gov. Ricardo Rosselló’s administration were arrested on corruption charges, as well as the contents of nearly 900 pages of a chat on Telegram involving the governor and a group […]
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New coach bus service launches today connecting Caguas and San Juan
July 11, 2019
ALSA-National Express, a public transport operator, will launch a new collective transportation system which will run between the municipalities of Caguas and San Juan, with stops at the Medical Center, Plaza Las Americas, Hato Rey, Covadonga and Isla Verde, among others. Following a $1 million investment, the firm will run two routes using a fleet […]
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P.R. Convention Center district officials update on $112M in projects underway
July 11, 2019
Puerto Rico Convention Center District Authority Executive Director Omar Marrero offered an update on eight projects underway in the busy zone that represent a combined $112 million in private investments. Among the most important projects is the EcoExploratorio, which will be a center for informal education in science, technology, engineering and mathematics (STEM), sustainability and […]
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Ferry rates for trips between Puerto Rico-Vieques-Culebra will increase with privatization
July 10, 2019
The rates charged to take the ferry between Puerto Rico and its island municipalities of Vieques and Culebra will begin increasing gradually after the service is transferred to a private operator, Public Private Partnership Authority Executive Director Omar Marrero confirmed. In an interview during the “En Una Hora” program on 11Q 1140 AM — in […]
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Maritime Transportation Authority picks proponent for Ceiba-Vieques-Culebra route
July 9, 2019
The Maritime Transportation Authority has reportedly selected the proponent that could be taking over the concession to provide transportation services between Puerto Rico and the island municipalities of Vieques and Culebra, this media outlet learned. Ten months after revealing the short list of companies in the running to enter into a public-private partnership with the […]
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P.R. Aqueduct and Sewer Authority opens bids for new $21.4M central lab
July 9, 2019
The Puerto Rico Aqueduct and Sewer Authority has launched a bidding process to find a private company to design and build its new central laboratory building, which has an estimated cost of $21.4 million. In the announcement, PRASA also said the project includes performing improvements to the site and existing utilities infrastructure. The project must […]
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U.S.-China trade war means ‘shift’ for Puerto Rico, economic firm says
July 5, 2019
The trade war between the U.S. and China will mean a shift in the structure and dynamics of prices, including costlier construction costs, and increased risks of a delayed economic recovery, according to an analysis published by the H. Calero Consulting firm. In the latest edition of its “Pulse” publication, the firm says the spat […]
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News is my Business becomes part of ‘Hecho en Puerto Rico’
July 1, 2019
News is my Business, a media outlet established in Puerto Rico nearly nine years ago, is marking a milestone today by being accepted into the Puerto Rico Products Association institutional program “Hecho en Puerto Rico.” “Hecho en Puerto Rico” (“Made in Puerto Rico”) is the P.R. Product Association’s cornerstone program, through which members are able […]
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WORA-TV in Mayagüez begins restructuring process after Telemundo cancels contract
June 28, 2019
Broadcaster WORA-TV in Mayagüez, owned by Telecinco Inc., announced the start of a restructuring process in response to the decision by Telemundo Puerto Rico not to renew its contract agreement. As this media outlet reported this week, Telemundo notified WORA of its decision to rescind its contract which according to documents obtained from the Federal […]
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Texaco brand returning to P.R. market through rebranding of Puma gas stations
June 28, 2019
Nearly eight years after disappearing from the Puerto Rico market, the Texaco brand is returning through the conversion of Puma gas stations, this media outlet learned. In December 2011 Puma Energy agreed to acquire Chevron’s fuel marketing and aviation businesses in Puerto Rico and the U.S. Virgin Islands, as News is my Business reported. Chevron […]
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MIDA to present ‘united front’ to lobby for P.R.’s inclusion in SNAP program
June 28, 2019
The members of the Chamber of Marketing, Industry and Food Distribution, or MIDA, as the trade group is known for its initials in Spanish, confirmed the need to present a “united front” to get Puerto Rico included in the Supplemental Nutrition Assistance Program. In March, Sen. Bernie Sanders and Rep. Nydia Velázquez introduced a bill […]
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