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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Telemundo to stop airing signal via WORA-TV in Mayagüez by year’s end
June 27, 2019
Telemundo, one of Puerto Rico’s three main television stations, will stop retransmitting its signal through WORA-TV in Mayagüez before year’s end, this media outlet learned. This would represent a signal interruption for thousands of residents of 28 towns in the south-central-west and northwest regions, where most of the population receives the programming via over-the-air antennas. […]
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SJ Marriott Resort and Stellaris Casino to invest $80M to renovate 404 rooms
June 24, 2019
The San Juan Marriott Resort and Stellaris Casino has major plans in the pipeline, starting with an $80 million renovation of the 404 rooms in its main tower. Joaquín Cruz, marketing manager of the beachfront property in the Condado sector of San Juan, said the project is set to begin in August and should be […]
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Liberty Business absorbs Cable & Wireless operations to boost enterprise tech solutions
June 20, 2019
Liberty Business, the business market division of Liberty Puerto Rico, announced the completion of its integration with C&W Business Puerto Rico. As a result, the company is in a stronger position to provide end-to-end IT and telecommunications solutions aimed at mid and large companies, said Antonio Llona, vice president of Liberty Business, in an interview […]
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Barra de Quesos, specialty cheese eatery, tapas bar to open in San Juan
June 18, 2019
Puerto Rico’s first specialty cheese eatery and tapas bar, Barra de Quesos will open this week in the Miramar sector of San Juan, after a $250,000 investment. Owner Lila Avalo, who is a chemical engineer and life-long cheese enthusiast, said the new 1,700 square-foot restaurant will create 15 direct and about 40 indirect jobs. In […]
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Several P.R. nonprofits, airline, hotel appoint new execs
June 11, 2019
In this edition of “Climbing the Corporate Ladder,” the list includes new executive appointments at several Puerto Rico-based nonprofit organizations, an airline and a hotel. Liberty Foundation names new executive directorThe Board of Directors of Liberty Foundation announced the appointment of Yadira Valdivia as executive director, with the principal objective of expanding the foundation’s reach […]
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Rosselló proposes $9.6B budget, $500M higher than Oversight Board
June 10, 2019
Gov. Ricardo Rosselló will present a $9.6 billion budget for Fiscal 2020 to the Legislature that defies the Financial Oversight and Management Board for Puerto Rico’s proposal, which is $500 million lower. During his Budget Address delivered in Ponce, Rosselló said the budget is “based on a new methodology, in which results can be measured […]
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New head of PRMA wants to ‘insert manufacturing back into gov’t discussion’
June 6, 2019
Although he has been in his new post as president of the Puerto Rico Manufacturers Association for less than a week, Carlos Rodríguez already has a number of goals he wants to accomplish during his tenure. First on the list is re-inserting the manufacturing sector in the government discussion. “There was a time when we […]
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Vieques Air Link invests $800K to expand flights to St. Thomas by year’s end
June 6, 2019
Local airline Vieques Air Link, which has been connecting Puerto Rico to the island municipalities of Vieques and Culebra for 10 years, will begin flying to St. Thomas for the first time starting later this year. Carlos Rodríguez, president of the company, confirmed that two new Cessna 402 aircraft were purchased for $800,000 in preparation […]
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P.R. bankruptcy cases up 1.1% through May vs. same 5-month period in ’18
June 5, 2019
The U.S. Bankruptcy Court for the District of Puerto Rico received 3,160 petitions from January to May, when filings were up 1.1% in comparison to the same five-month period in 2018, according to information provided by local research firm Boletín de Puerto Rico. When broken down into categories, about 1,882 of those petitions were from […]
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Study: 33% of P.R.’s 18+ population faces ‘food insecurity’
June 5, 2019
About 33% of Puerto Rico’s population aged 18 and older are at risk of facing food insecurity, according to the findings of the Puerto Rico Food Security Survey released by the Puerto Rico Institute of Statistics. Similarly, 21.7% of those interviewed said in the 12 months prior to the study, there were times when they […]
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