Looking to defend consumer rights, the Puerto Rico Department of Consumer Affairs (DACO, in Spanish) is launching several measures to recoup about $950,000 from businesses that have failed their clients, agency Secretary Edan Rivera said. During a press conference, the government official said among other steps, the agency will disclose the names of businesses monthly […]
Municipalities, government agencies and nonprofit organizations in Puerto Rico have completed 337 permanent works projects with funds allocated under the Federal Emergency Management Agency’s Public Assistance program, the Central Office of Recovery, Reconstruction and Resiliency (COR3) confirmed. “FEMA has obligated more than $24 billion under the Public Assistance program, including more than $18 billion for […]
During the most recent Porsche NEXT: Digital Innovation Forum, panelists concluded that Puerto Rico is “on the right track” to becoming a smart island that integrates renewable energy, sustainable architecture, electric vehicles, and environmentally friendly infrastructure. To fully achieve this objective, Puerto Rico must have a smart electrification network, have greater access to internet with […]
Public discussion and social movements like Black Lives Matter might suggest there has been great progress in terms of diversity and inclusion in corporate America’s boardrooms. Let’s take a look at what a recent study shows. According to the 6th edition of the “Missing Pieces Report,” conducted by the Alliance of Board Diversity (ABD) in […]
The Financial Stability Index of commercial banks in Puerto Rico, prepared by Estudios Técnicos Inc., shows a strengthening in the banking industry this year, mainly due to an improvement in its liquidity and increases of $16 billion in deposits in the first quarter of 2021. “The index increased from 0.52 in the first quarter of […]
The Department of Economic Development and Commerce (DDEC, in Spanish), through its Labor Development Program, will be holding a job recruitment fair to fill 4,000 restaurant jobs, the agency announced. The event — organized in collaboration with the Puerto Rico Restaurants Association (ASORE, in Spanish) and the Department of Labor and Human Resources— will take […]
The Puerto Rico Aqueduct and Sewer Authority confirmed that the $4 million in upgrades underway at the Quebrada filtration plant in the northern town of Camuy will be completed in about a year. PRASA President Doriel Pagán said the project calls for optimizing the water treatment process, providing an increase in clarification, filtration and disinfection […]
The US Department of Housing and Urban Development (HUD) published a Federal Register notice governing the use of $2 billion in Community Development Block Grant Disaster Recovery (CDBG-DR) funds for electric power system enhancements and improvements for Puerto Rico and the US Virgin Islands. The publication of this notice is the latest in a series […]
The summer solstice has arrived in 2021 and it reflects amply on the World Wide Web with plenty of data and details about the astronomical phenomena. Solstice is “solstitium” in Latin and it means: “the sun is stopping.” The ancients described it as such because it seemed to them the point where the sun appears […]
More than two weeks into its management of Puerto Rico’s electrical system, private contractor LUMA Energy is not off to a good start. Frequent power outages and service delays have tested the patience of an already over-burdened customer base since LUMA Energy took control of the island’s electric system in a privatization switchover on June […]
The liquified natural gas facility that Hewlett Packard Enterprise is building in Aguadilla will be the first in the world for the technology giant, which is preparing to stay in Puerto Rico for the long-run, Mark Bakker, general manager of Global Operations for HPE, told News is my Business. HPE´s facility in Aguadilla is a […]
The Puerto Rican diaspora is a critical audience for Discover Puerto Rico, which continually reaches this segment of the community, keeping it informed about entry requirements and the latest health and safety guidelines. To achieve this, the island’s Destination Marketing Organization seeks creative ways to reach the diaspora and forging partnerships with key community organizations […]
The pandemic has impacted everyone’s life, including blood availability in Puerto Rico. According to Puerto Rico Consortium for Clinical Investigation, a subsidiary of the Puerto Rico Science, Technology & Research Trust, thousands of people need blood every day. Last year, PRCCI joined forces with the three blood banks in Puerto Rico — Mutual Services Blood […]
The Central Office of Recovery, Reconstruction and Resiliency (COR3) is “focused on reaching the goal to allocate the $4 billion in Hazard Mitigation Grant Program funds assigned by the Federal Emergency Management Agency (FEMA) on or before Oct. 31. Agency Executive Director Manuel Laboy rejected comments that the funds are at risk. “We’re working full […]
Insurance company Cooperativa de Seguros Múltiples de Puerto Rico announced the start of construction of its new $3 million San Juan metropolitan area branch, located on the same campus as its headquarters in Río Piedras. The new offices slated to open during the first quarter of 2022 will generate 40 direct jobs and 30 indirect […]
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA