HP bets on innovation, security mechanisms to ward off cyber attacks
March 27, 2019
As part of “HP Experience Day” held in San Juan Tuesday, the technology company introduced its most recent security, computer, and printing innovations featuring solutions focused on keeping cyber attacks at a minimum. As reported, a cyber attack is registered every 39 seconds and the damage resulting from cyber crimes will cost $6 billion worldwide […]
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P.R. scores 61 in ‘Economic Freedom Index,’ reflecting somewhat limited growth
March 26, 2019
Puerto Rico’s economic freedom is somewhat limited, scoring 61 out of 100 points in the Economic Freedom Index (EFI) Report for 2018, unveiled by the Center for Economic Renewal, Growth and Excellence. As a result, its potential for economic growth is being affected by a challenging business climate, high taxes and recurring fiscal deficits. Such […]
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P.R. gov’t, FEMA announce agreement to expedite recovery fund allocations
March 26, 2019
In this episode of Dollar$ and $ense, we share with you information provided during a news conference in San Juan about the agreement reached between the Central Office of Recovery, Reconstruction and Resiliency (known as COR3) and FEMA for the review and reimbursement approval of federal recovery funds. Heading the news conference were Omar Marrero, […]
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Casino Metro unveils $2M expansion, adds 41 new slots and 8 gaming tables
March 22, 2019
The Casino Metro at the Sheraton Hotel at the Convention Center District in Miramar, inaugurated a $2 million expansion that adds 41 new slot machines and eight gaming tables. As this media outlet reported, the expansion — the first since the casino opened in 2009 — will represent new full-time jobs, 45 in total, of […]
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Scotiabank sues Metropolitan Bus Authority for $32M loan default; seeks embargo of buses
March 21, 2019
The Bank of Nova Scotia, parent company of Scotiabank de Puerto Rico, has sued the government’s Metropolitan Bus Authority for defaulting on some $32 million in a revolving credit and term loan agreement. Furthermore, the bank has asked the San Juan Superior Court to issue an order for a “provisional embargo and prohibition of alienation […]
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Executive appointments at Birling Capital, Uber, Cemex
March 14, 2019
High-ranking executives have been appointed recently to positions at Birling Capital, Uber and Cemex, responsible for the Puerto Rico market. Birling Capital appoints CPA Teresita Fuentes as vice chair Francisco Rodríguez-Castro, president of Birling Capital announced the appointment of CPA Teresita Fuentes as vice chair of Birling Capital, member of the executive committee and director […]
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IHOP to expand footprint in P.R. with 15 new locations in 5 years
March 12, 2019
The presence of casual dining restaurant IHOP is set to expand exponentially in Puerto Rico with the opening of at least 15 locations in the next five years, at an investment of some $22.5 million, franchise executives said. The chain already has five restaurants in Puerto Rico, with a sixth location slated to open by […]
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SBA pumping greater resources in Emerging Leaders program in P.R./USVI
March 8, 2019
U.S. Small Business Administration Regional Administrator Steven Bulger is visiting the island this week as a curtain raiser to the start of this year’s Emerging Leaders program, which so far has graduated more than 90 local companies, said SBA District Director for Puerto Rico and the U.S. Virgin Islands, Yvette T. Collazo. Find out more […]
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‘No clear path forward’ for PREPA restructuring, H. Calero Consulting says
March 7, 2019
Puerto Rico needs a successful long-term economic plan to achieve its goal of inexpensive energy, which calls for — among other things — an efficient and resilient Puerto Rico Electric Power Authority, San Juan-based analysis firm H. Calero Consulting concluded in its monthly internal bulletin. In “Pulse,” the firm also said while overhauling Puerto Rico’s […]
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Marnie Ferrer joins News is my Business as digital advertising advisor
March 4, 2019
Marnie Ferrer, a seasoned sales and marketing executive, is joining the News is my Business team as digital advertising advisor, bringing with her more than 25 years of experience in the field. Ferrer’s professional track record includes working in sales and marketing for media outlets as well as the private sector. Her experience includes positions […]
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Gov’t selling another property, World Plaza Building in Hato Rey, for $28M
February 28, 2019
The iconic 22-story World Plaza building in Hato Rey is up for sale, with an initial asking price of $28 million, this media outlet confirmed. The property belongs to the Infrastructure Financing Authority, a government entity that picked up the asset from the Federal Deposit Insurance Co. in 2014, four years after former owner Westernbank […]
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P.R. Funders Network analyzes role of philanthropy in island’s recovery
February 28, 2019
The philanthropic response to Puerto Rico’s devastation after Hurricanes Irma and María in September 2017 generated an incalculable amount of private aid and the “coming together” of new and existing nonprofits to help in the island’s ongoing recovery. The subject is discussed in detail in the “Philanthropy and Puerto Rico after Hurricane María: How a […]
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Xavira Neggers-Crescioni, friend, colleague, incisive journalist, passes away
February 27, 2019
By Michelle Kantrow-Vázquez Xavira Neggers-Crescioni, who had nearly three decades of experience as a business reporter in Puerto Rico,passed away over the weekend. She was 51. Her unexpected death has left her friends and colleagues with heavy hearts. On a personal level, aside from being one of the most incisive reporters I’ve known, Xavira was […]
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Dominican Republic shoe retailer EGO opens 1st store in P.R.
February 25, 2019
EGO, a footwear chain based in the Dominican Republic, has opened its first store in Puerto Rico, at the Plaza Las Américas shopping center in Hato Rey. In an exclusive interview with this media outlet, EGO co-Partner Luis Torres, said the new 2,300 square-foot store entailed a $100,000 investment and is the first of four […]
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COR3 office unveils website to provide updates on recovery funding, projects
February 20, 2019
The Central Office of Recovery, Reconstruction and Resiliency, known as COR3, unveiled its “transparency portal,” or the website created to provide information about Federal Emergency Management Agency funding to be used to rebuild Puerto Rico in the wake of Hurricane María. COR3 Executive Director Omar Marrero said the website will be updated regularly, as FEMA […]
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