Op-Ed: Birling Puerto Rico Stock Index beating Dow Jones, S&P 500 and Nasdaq
August 30, 2021
What is the Birling Capital Puerto Rico Stock Index? The Birling Capital Puerto Rico Stock Index is a market value-weighted index composed of five (5) companies with headquarters and/or primary domicile in Puerto Rico. All companies are listed on the national NYSE, AMEX, or NASDAQ exchanges. Birling Capital Puerto Rico Stock Index has a yield […]
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FCC grants $1.8M in telehealth program awards to 2 Puerto Rico providers
August 27, 2021
The Federal Communications Commission (FCC) has awarded some $1.8 million in funding to two Puerto Rico-based healthcare service providers to jumpstart their telehealth initiatives, the federal agency announced. The Med Centro Healthcare System in Ponce was awarded $909,391 to finance network improvements and buy connected devices, such as laptops and tablets, to implement a telehealth […]
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Boston Scientific to host free program to support entrepreneurs
August 27, 2021
For the fourth consecutive year, Boston Scientific Dorado and The Growth Coach are joining forces in a collaborative partnership to continue their commitment to local entrepreneurs, through the Strategic Business Owner Program. The initiative is exclusively for business owners and will provide participants with the necessary structure and tools to develop their strengths and opportunities […]
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COR3 leads sessions on how to maximize use of reconstruction funds
August 27, 2021
The Central Office for Recovery, Reconstruction and Resilience (COR3) carried out a series of orientation sessions on the management of funds under sections 428 and 406 of the Federal Emergency Management Agency (FEMA) Public Assistance program. “We’re at an important moment in which agencies, municipalities and nonprofit organizations are developing new reconstruction projects, and there […]
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InvestPR launches ‘Impeller’ online tool to list business opportunities in Puerto Rico
August 26, 2021
In its ongoing bid to attract capital investment to the island Invest Puerto Rico, announced the launch of Impeller, an online hub for investment opportunities on the island. The proprietary tool provides a growing list of business opportunities for issuers and companies looking to access on- and off-island investment deals, InvestPR CEO Rodrick Miller said. […]
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Pandemic unemployment aid ends Sept. 4 after disbursing $9.6B in Puerto Rico
August 26, 2021
The Department of Labor and Human Resources announced the end of the benefits of temporary assistance programs such as the Pandemic Unemployment Assistance (PUA) and the Pandemic Emergency Unemployment Compensation after disbursing $9.6 billion in Puerto Rico in 18 months. “Today, some 130,000 unemployment and PUA claimants were notified, via email, about the imminent end […]
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Ports completes $1.4M waterproofing project at Ponce’s Mercedita Airport
August 26, 2021
The Puerto Rico Ports Authority completed rehabilitating the waterproofing system in the passenger terminal of the Mercedita International Airport in Ponce, at a cost of $1.4 million, which was paid for with Federal Emergency Management Agency (FEMA) funds and the agency’s own money. During the passage of Hurricane María in September 2017, the Mercedita Airport […]
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Triple-S Management to go private if sale to FL-based Guidewell closes
August 25, 2021
The $900 million acquisition of Triple-S Management Corp. by Florida-based Guidewell Mutual Holding Corp. will take the Puerto Rican insurer from a publicly traded to a private company, if the transaction is consummated in 2022. During a news conference with reporters a few hours after announcing the all-cash deal, Triple-S Management CEO Roberto García-Rodríguez said […]
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Pharma co. Romark waiting on FDA approval of COVID-19 treatment
August 25, 2021
Research-based pharmaceutical company Romark Global Pharma has completed a clinical trial that showed that a tablet it is manufacturing at its Manatí plant can prevent about 80% of hospitalizations caused by COVID-19 in high-risk patients, company CEO Marc Ayers confirmed. “We submitted data to the Food and Drug Administration in April and we’re now waiting […]
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Practical Techie: The reasons for good artificial intelligence
August 25, 2021
Cyber technology runs on the formidable sap of artificial intelligence (AI). This information revolution stems from an early 20th-century scientific premise that machines can think almost the same as humans, provided they are designed with proper artificial neurons. That is, ultrafast microchips that decode machine language. Recently, AI migrated to web marketing to give greater […]
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Triple-S Management to be sold to GuideWell in all-cash deal worth $900M
August 24, 2021
GuideWell Mutual Holding Corporation, a health solutions company and parent of Blue Cross and Blue Shield of Florida Inc., and Triple-S Management Corp. a health care services company in Puerto Rico, announced they will combine to transform the health care experience for their members in Florida and Puerto Rico. Under the terms of the definitive […]
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Fusion Farms vertical indoor aquaponic farm ‘paving way to food security in Puerto Rico’
August 24, 2021
On the western side of Puerto Rico, an innovative agribusiness company with ample growth projections aims to bring about the island’s food sovereignty and security by becoming a reliable source of fresh, nutritious food and eliminating the reliance on sub-par food imports. Fusion Farms, Puerto Rico’s first and only hurricane-protected vertical indoor aquaponic farm developer […]
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Grupo Guayacán opens new application round for I-Corps Puerto Rico
August 24, 2021
Grupo Guayacán is looking for new teams of entrepreneurs for the 13th edition of its idea validation program, known as I-Corps Puerto Rico (I-Corps PR). This program seeks to identify 25 teams interested in conceptualizing and validating the market potential of their business ideas. The teams may be formed by students, professors, researchers, and entrepreneurs […]
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Independent rental property owners, operators launch Viva Puerto Rico alliance
August 24, 2021
Puerto Rico’s short-term rental property owners and operators have come together under the Viva Puerto Rico alliance to unite and represent the segment, organizers said. VPR seeks to “give a voice to its diverse membership by providing formal representation, education, and resources for these types of accommodations — seeking to provide quality hospitality to guests, […]
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FirstBank sues Pizza City owners to collect $1.9M in unpaid loan, foreclose
August 23, 2021
FirstBank Puerto Rico recently filed a lawsuit seeking to collect $1.9 million from the owners of Pizza City, a long-standing, popular eatery with tourists on the Isla Verde strip in Carolina, claiming non-payment of an existing loan. It is also pursuing foreclosure and the sale of the iconic restaurant through public auction. In the lawsuit […]
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