Inventor of 1st email software system Ayyadurai to speak at Clinical Research Summit
May 6, 2019
Scientist, motivational speaker and the inventor of the first email software system, Shiva Ayyadurai, will be on the island this week to participate in the 2nd Clinical Research Summit hosted by the Puerto Rico Consortium for Clinical Investigation. In an exclusive interview with this media outlet, Ayyadurai — who holds four degrees from the Massachusetts […]
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Demolition set to begin on site of future P.R. Film District in Miramar
May 3, 2019
Demolition of the abandoned structures located on the 13-acre site that will be occupied by the proposed $136 million Puerto Rico Film District project will begin in “coming days,” paving the way for the start of construction. So far, the process of mitigation and lead and asbestos removal has been completed, Noelia García, deputy director […]
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Diversity in the workplace at heart of T-Mobile’s corporate philosophy
May 3, 2019
This week, T-Mobile Puerto Rico has been celebrating the diversity of its employees, which has been part of its DNA for years. The events lead up to the carrier’s fourth annual participation in Puerto Rico’s gay pride parade taking place this weekend. Lyannete Dávila, marketing director for T-Mobile Puerto Rico, said T-Mobile’s commitment to diversity […]
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Gov’t puts prime Convention Center District property on the block for $3.5M
May 2, 2019
A prime 2.4-acre lot located next to the Sheraton Puerto Rico Hotel & Casino has been put on the block for $3.5 million, this media outlet confirmed. The property, owned by the Puerto Rico Development Fund — a subsidiary of the defunct Government Development Bank — must be used “for an office building not to […]
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Casual dining restaurant chain Kona Grill seeks Ch. 11 bankruptcy protection
May 2, 2019
Arizona-based Kona Grill Inc. and its subsidiaries — including Kona Grill Puerto Rico Inc. — have filed a Chapter 11 petition in the U.S. Bankruptcy Court for the District of Delaware, to facilitate its previously announced sale process. Kona Grill has one restaurant in Puerto Rico, located at The Mall of San Juan. It opened […]
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P.R.’s hemp regulations to be submitted to USDA in June for review
May 2, 2019
Puerto Rico Agriculture Secretary Carlos Flores-Ortega said the agency should be ready in June to submit a draft of the proposed regulations for commercial production of industrial hemp on the island. In an interview on 1140, during the “En Una Hora” program — in which News is my Business participates — the government official said […]
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Centro para P.R. fights poverty, inequality; advances women’s role in society
May 1, 2019
Dennis Román, vice president of the Sila M. Calderón Foundation’s Centro para Puerto Rico discusses the nonprofit’s missions and programs to promote entrepreneurship and self-reliance among the island’s youth and low-income women.
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House Bill 2073 submitted to inject more transparency into prescription drug pricing
April 30, 2019
The Puerto Rico House of Representatives will be reviewing a bill to amend Act 7, known as the Prescription Drugs Pricing Transparency Act, to identify the factors that influence what patients pay for their medication. House Rep. Juan Oscar Morales, chairman of the House Health Commission, said during an interview on the “En Una Hora” […]
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Study: Sports betting, online gaming could shore up millions for P.R.
April 24, 2019
Puerto Rico has the opportunity to be a leader in the United States as it looks to enter the sports betting and online gaming market but needs to build upon their already strict regulatory structure that relies on suitable operators and a strong, experienced regulator that understands the existing legal market. Such were the findings […]
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Economic Development Bank receives $1M to boost job creation in rural areas
April 23, 2019
The Economic Development Bank for Puerto Rico got approved and will receive $1 million from the U.S. Department of Agriculture’s Rural Development office, EDB President Luis Burdiel announced. “This capital injection will be used to provide loans for small and medium enterprises in rural areas of the island to promote new job creation,” Burdiel […]
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Hearing slated for April 26 on proposed $23M AFICA bond issue
April 18, 2019
The Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities Financing Authority, known as AFICA for its initials in Spanish, is planning to issue $23 million in debt to finance a project planned by the Inter American University of Puerto Rico. The upcoming public hearing that will take place at the Fiscal Agency and […]
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[PODCAST] Benefits of opening an IRA account as tax deadline looms
April 11, 2019
CPA Rubén Rodríguez, a member of the Puerto Rico Society of CPAs, and expert on the topic of Individual Retirement Accounts (IRAs), discusses their benefits to taxpayers in Puerto Rico in our latest podcast episode.
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Sheraton Puerto Rico Hotel & Casino to undergo $10M renovation
April 11, 2019
The Sheraton Puerto Rico Hotel & Casino will embark on a $10 million top-to-bottom makeover, starting with its 503 guest rooms, the lobby and bar areas, this media outlet confirmed. The work will begin in July and should be completed by November, said Jeannette Avilés, director of sales and marketing for the property that opened […]
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PREPA’s situation ‘complex,’ result of ‘perfect storm’
April 10, 2019
The Puerto Rico Electric Power Authority’s transformation will require a strong energy policy as well as an implementation strategy that considers the island’s “complex situation.” Such was the opinion of Tomás J. Torres, executive director of the Puerto Rico Institute for a Competitive and Sustainable Economy, in testimony presented before the U.S. House of Representatives Committee […]
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Gov’t unveils online ticketing service for Vieques/Culebra ferry service
April 9, 2019
Gov. Ricardo Rosselló announced the creation of a digital platform that will allow users of the ferries traveling between Vieques, Culebra and Ceiba to purchase tickets online, access route maps and find answers to frequently asked questions. Through www.porferry.com users will have access to a detailed itinerary of routes with boarding and departure times, estimated times of […]
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