The pace at which Puerto Rico’s tourism sector has been recovering since the start of the pandemic has been “astounding,” exceeding the Caribbean and US averages, said Discover Puerto Rico CEO Brad Dean during the organization’s monthly industry update. Citing its internal data, the DMO confirmed that June and July’s lodging demand pushed the year-to-date […]
Puerto Rico’s tourism sector will get $120 million in American Rescue Plan funds to promote the island as a destination and develop five specific projects, Gov. Pedro Pierluisi said. “Tourism is one of the most important and fastest growing economic sectors in the world, with an annual growth of 2.5% during the last decade,” said […]
As part of its efforts to promote economic and technological development and employment on the island, parallel18 is launching the Talent App, a tool for students, freelancers and professionals to submit their information and upload their resume to a talent database that will be available to more than 300 companies that belong to the accelerator programs. […]
Failures and frustrations identified in the first two months of LUMA Energy’s operation of Puerto Rico’s energy grid highlight underlying flaws with the privatization contract, according to an analysis by the Institute for Energy Economics and Financial Analysis. Since the June 1 takeover, Puerto Rico residents “have experienced significant problems because of LUMA’s implementation of its electric […]
The Puerto Rico Ports Authority announced it has submitted a grant application to the US Department of Transporation’s Maritime Administration, seeking $10 million to cover 80% of the cost associated with rehabilitating operations at Pier 15 at the Port of San Juan. The federal funding is being requested under the Port Infrastructure Development Program, Ports […]
Walgreens has introduced the new myWalgreens Credit Card program, featuring two retail health and wellness credit cards, issued by Synchrony Bank. The program and the cards will be available in Puerto Rico, News is my Business confirmed. The myWalgreens Mastercard and the myWalgreens Credit Card are the first-ever of their kind to reward more personalized […]
The University of Puerto Rico’s Fiscal Plan “unilaterally changes a significant part of our social contract, redistributing the risk and responsibility of providing higher education outside the state and toward the individual and the private sector,” said Sergio Marxuach, policy director at the Center for a New Economy. “The modern social contract in developed societies […]
As thousands of students return to the classroom amid this last pandemic semester of 2021, the new mixed reality of transferring knowledge from teacher to students via online or a physical classroom makes learning and teaching more challenging than ever before. This year’s reality is a hybrid live and virtual flow of lessons, an […]
Puerto Rico has taken the #4 spot in a ranking of jurisdictions in the Americas that offer the best value-for-money to consumers for their mobile broadband speeds, according to an analysis generated by Speedcheck, an international organization dedicated to tracking data speeds. The island placed behind the continental United States, Chile, and Argentina, with average […]
A young couple from Barranquitas invested more than $125,000 and launched Luna Escondida, a unique conceptual accommodation in the mountains of Puerto Rico. The property, located in the central town, is characterized by the presence of elements related to the moon, the natural environment that surrounds it, and the prominence of the black color in […]
Following a $50 million expansion, medical device manufacturer Medtronic announced — accompanied by Gov. Pedro Pierluisi — the creation of more than 700 new direct and indirect jobs in the biosciences sector. In addition to the 575 new direct jobs (225 in the first phase and 350 in the second), another 200 jobs will be […]
Global marketing strategies change immensely every day. They depend on systems, services and applications that facilitate the interaction of brands with consumers. This is the case of the TikTok social platform, which has already become the most downloaded app throughout 2020 and so far in 2021. Given the boom that the TikTok social network has […]
The third stop of Puerto Rico Cocktail Week Isla will begin Aug. 16 at the Juana Díaz Cigars cigar bar in the historic Hotel Meliá in Ponce, with a schedule of seminars aimed at hospitality industry personnel, organizers confirmed. “Puerto Rico Cocktail Week Isla has become an enriching enjoyment of internal tourism on our beautiful […]
Earlier this week, it was learned that an unspecified number of AT&T customers in Puerto Rico and the US Virgin Islands that were not transitioned to Liberty Puerto Rico will be losing their wireless numbers because of the sale of the carrier late last year. AT&T has limited its comments to saying that it has […]
Net income accrued at the close of Fiscal 2021 totaled $11.7 billion, exceeding the projection by about $606.1 million or 5.5%, Puerto Rico Treasury Department Secretary Francisco Parés confirmed. Furthermore, he noted that the preliminary net income for June 2021 totaled $1.4 billion. This figure exceeded both the income for the same period during the […]
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA