News is my Business redesigns website and logo; launches podcast
July 16, 2018
It has been nearly eight years since News is my Business was launched as Puerto Rico’s first online-only, English-language newspaper, to give a voice to individual entrepreneurs and large multinational corporations looking to push the island’s economy forward.
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Economist: OBoard’s labor reform misses critical points of P.R’s ‘particular’ economy
July 9, 2018
While Puerto Rico needs to jumpstart its job market and create new sources of employment, the Financial Oversight and Management Board for Puerto Rico’s proposal to align the island’s labor landscape with that of the U.S. mainland “misses critical points of the [island’s] very particular economy.”
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CooPACA invests $1.5M in new tech platform to benefit members
June 28, 2018
The Arecibo Credit Union has invested some $1.5 million in a new technology platform that will add new services, improve customer experience, streamline banking transactions and provide new protections to customer data to make it safer, company President William Méndez-Pagán said. The migration of operations to the new platform will be completed by July 3, […]
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$65M film production studios to break ground at Convention Center District
June 25, 2018
Travel industry veteran Keith St. Clair on July 2 will announce plans to develop a $65 million film production studio complex at the Puerto Rico Convention Center District, this media outlet learned.
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Marriott Puerto Rico Business Council launches ‘Spark’ program
June 25, 2018
As part of a joint effort with the Department of Education and the Puerto Rico Department of Labor, the Marriott Puerto Rico Business Council recently signed a project that will offer internship opportunities for vocational school students in the hospitality industry at Marriott.
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Movies, series filming in P.R. thru August pumping $65M into economy
June 22, 2018
About a dozen film projects for the big screen and streaming services slated to roll in Puerto Rico through August are projected to inject close to $65 million into the local economy, Gov. Ricardo Rosselló announced.
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Foreclosures could spike by year’s-end as loan moratoriums expire
June 22, 2018
Puerto Rico property owners could face higher foreclosure levels after moratoriums on loan payments provided by local banks after Hurricane María expire in coming months, executives at FirstBank predicted Thursday.
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NY Fed working closely with philanthropic community in P.R./USVI
June 21, 2018
The Federal Reserve Bank of New York vowed to continue to work closely with financial institutions to help take full advantage of the Community Reinvestment Act.
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8 P.R. co.’s get ‘golden tickets’ to sell to Walmart in the U.S. mainland
June 20, 2018
Eight local companies will start exporting their products to Walmart stores in the U.S. mainland, representing at least $9 million in revenue and new job creation, representatives from the companies and the mega-retailer confirmed.
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PR Wireless to replace Open Mobile brand with Boost Mobile
June 20, 2018
Open Mobile stores in Puerto Rico have begun their re-branding as Boost Mobile, in response to the new business model adopted by parent company PR Wireless.
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BRIO Tuscan Grille restaurant closes at The Mall of San Juan
June 19, 2018
The BRIO Tuscan Grille restaurant at The Mall of San Juan has shut down permanently, less than a month after Spice Private Equity closed the deal to acquire its parent company.
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Spirit Airlines’ new Aguadilla-Orlando route to pump $7M into P.R. economy
June 18, 2018
Starting Oct. 4, 2018, Spirit will begin offering international service from Orlando International Airport to 11 new destinations in Latin America and the Caribbean, including daily flights to the Rafael Hernández International Airport in Aguadilla.
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P.R. housing sector needs ‘clear public policy’ to function
June 15, 2018
Puerto Rico needs clear public policy that leads to a solution to the housing problem, the implementation of rules and design criteria that respond to the market, and locating new builds in low-risk areas with easy access to health services.
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P.R. Tourism Co. hosts 60+ retail, wholesale travel agents worldwide
June 15, 2018
The Puerto Rico Tourism Company recently hosted a group of 62 international travel agents and wholesalers as part of its strategy to spread the word that the island is ready to receive visitors and encourage the arrival of more tourists.
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The Federal Communications Commission’s Wireline Competition Bureau has extended the deadline for filing comments and reply comments in response to the “Uniendo a Puerto Rico Fund” and the “Connect USVI Fund” until July 26, and Aug. 8, respectively. The original deadlines to file comments were July 5 and July 18, respectively. The FCC is seeking […]