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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House passes $600M for P.R.’s Nutritional Assistance Program, $350M for recovery
June 4, 2019
The U.S. House of Representatives approved H.R. 2157, known as the Supplemental Appropriations for Disaster Relief Act, that includes an additional $600 million for Puerto Rico’s Nutrition Assistance Program, known as PAN for its initials in Spanish. The bill also includes $5 million to study impact on the use of PAN funds in Puerto Rico […]
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Abartys Health, Brands Of picked for Stanford Graduate School of Business program
May 28, 2019
Representatives from Puerto Rican health insurance technology company Abartys Health and Brands of Puerto Rico have been chosen among 77 participants to take part in the 7th cohort of the prestigious Stanford Latino Entrepreneurship Initiative Education-Scaling (SLEI-Ed) Program. They were selected by the Latino Business Action Network, or LBAN, which is working with the SLEI-Ed […]
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NIMB’s exclusive interview with Sir Richard Branson
May 23, 2019
In this special “Throwback Thursday” edition of our podcast series, we re-visit our exclusive interview with Sir Richard Branson, who took shelter in Puerto Rico — with most of his family and staff — after Hurricane Irma ravaged the British Virgin Islands and his property on Necker Island in September 2017. This is the first […]
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The ins and outs of doing business with the U.S. Department of Homeland Security
May 22, 2019
Soraya Correa, chief procurement officer of the U.S. Department of Homeland Security and Antonio Sosa-Pascual, co-chair of the Puerto Rico Technology Cluster talk about the opportunities for small companies in Puerto Rico to do business with the large federal agency. They spoke about the importance of promoting innovation and entrepreneurial vision in this industry.
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Dept. of Homeland Security actively scouting for IT providers, interns in P.R.
May 22, 2019
If there has ever been a time for Puerto Rico’s small businesses to take their shot at becoming a provider of goods and services to the U.S. Department of Homeland Security, that time is now. In an exclusive interview with News is my Business, Soraya Correa, chief procurement officer of the mammoth agency — and […]
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