Liberty Puerto Rico reports $360M in revenue for 2Q21
August 6, 2021
Liberty Puerto Rico closed the second quarter and first half of the year with growth in subscriber additions and income as it continues to integrate its mobile operations. The company reported revenues of $360 million for the second quarter and $722 million for the first six months of 2021 ending in June. Liberty also reported […]
chat_bubble0 Comment
visibility1430 Views
Puerto Rico tourism authorities launch ‘Return the Love’ campaign
August 6, 2021
Looking to promote the development of tourism in a “safe, healthy, and responsible way,” the Puerto Rico Tourism Company, Aerostar, and Discover Puerto Rico outlined a collaborative strategy to launch the new tourist orientation effort “Return the Love.” This initiative seeks to show the visitor the natural, historical and cultural benefits that Puerto Rico offers […]
chat_bubble0 Comment
visibility2056 Views
T-Mobile exploring deploying in-home internet service in Puerto Rico
August 5, 2021
Wireless carrier T-Mobile is looking into taking cable providers head-on in Puerto Rico, with plans to deploy in-home broadband service, which it has already rolled out in several US markets. During a news conference, T-Mobile Puerto Rico General Manager Jorge Martel said the island has a “great need for this type of service.” “Puerto Rico […]
chat_bubble0 Comment
visibility5857 Views
34K Puerto Rico homeowners sheltered by USDA eviction moratorium
August 5, 2021
The US Department of Agriculture’s decision to extend the eviction moratorium for homeowners of properties financed or guaranteed by the agency through Sept. 30 could offer a reprieve to troubled mortgagees in Puerto Rico. There are 34,000 on that list, but not all are experiencing hardship. Furthermore, the agency announced that the single-family foreclosure moratorium […]
chat_bubble0 Comment
visibility1841 Views
FEMA allocates $1.7M for regional airport rehabilitation projects already underway
August 5, 2021
The Federal Emergency Management Agency (FEMA) awarded more than $1.7 million for the repair of regional airports throughout the island. The funds are destined for permanent repairs in the airports of Aguadilla, Ceiba, Culebra, Mayagüez and San Juan (Isla Grande), the federal agency confirmed. The Puerto Rico Ports Authority has reported that passenger split among […]
chat_bubble0 Comment
visibility1919 Views
Urban Edge properties opening Sector Sixty6, Golden Corral at Las Catalinas Mall
August 4, 2021
Urban Edge Properties announced that it has signed an agreement for Sector Sixty6 and Golden Corral to open its next location at Las Catalinas Mall in Caguas in 2022. Repurposing a 122,000 square foot former Kmart, the new venue will activate empty space “with a dynamic use that adds visual excitement to the property and […]
chat_bubble1 Comment
visibility15724 Views
Pierluisi breaks down use for $4B ARPA allocation to Puerto Rico
August 4, 2021
Gov. Pedro Pierluisi offered a detailed breakdown of the use that will be given to some $4 billion allocated to the Puerto Rico under the American Rescue Plan Act of 2021. During a news conference — and flanked by Secretary of State Omar Marrero, Treasury Secretary Francisco Parés and Office of Management and Budget Executive […]
chat_bubble0 Comment
visibility2804 Views
DirecTV becomes standalone video business after split from AT&T
August 4, 2021
DirecTV announced that AT&T and TPG Capital have closed on the agreement announced in February 2021 to establish DirecTV as a separate video company. Under this new company, DirecTV owns and operates the former AT&T US and Puerto Rico video business unit. With the new company, there will no change to the products and services […]
chat_bubble0 Comment
visibility6019 Views
Investment Portfolio for Growth program open to grant up to $50M in loans
August 3, 2021
The Puerto Rico Department of Housing announced the opening of the Investment Portfolio for Growth Program (IPG), which is receiving applications to grant up to a maximum of $50 million in low-interest, long-term, partially forgivable loans. IPG has an allocation of $800 million in CDBG-DR recovery funds and is pursuing the island’s economic revitalization on […]
chat_bubble0 Comment
visibility2090 Views
Startup.pr opens call for applications to its tech business pre-seed funding program
August 3, 2021
Business accelerator Startup.pr has opened a call for local innovators with technology-based projects to apply to the sixth edition of its Pre-Seeding Program by Aug. 8. Winning participants will receive training, prototype design consultancy services, and $5,000 each, said Amaury Malavé, Innovation and Technology Complex director. Six early-stage technology projects will be selected for this […]
chat_bubble0 Comment
visibility1586 Views
Practical Techie: Lingua Franca, a universal language for the web
August 3, 2021
It has been recommended many times but nothing is official. We see it happen practically all the time, all over the internet, and of course, its spinoff, the web. I’m talking about having a single use of an official language throughout our digital world. A lingua franca, a universal language that gives the web great […]
chat_bubble0 Comment
visibility2592 Views
TransPerfect, owned by Puerto Rico-based exec., merges with Semantix
August 2, 2021
TransPerfect, a provider of language and technology solutions for global business, announced it will merge operations with Semantix, the Nordics’ largest provider of translation and interpretation services, through the acquisition of the group’s parent entity, Semantix International Group AB. The deal is said to be worth somewhere in the mid-$90 million, News is my Business […]
chat_bubble0 Comment
visibility2671 Views
New research reveals price no longer primary driver of travel decisions
August 2, 2021
New research from Expedia Group reveals shifting views on travel, including positive sentiment on vaccine passports, increased budgets, and an enduring demand for safety and financial security. The Traveler Value Index examined the views of 8,000 people in eight countries to understand their values and expectations as the pandemic becomes more controlled in many parts of the world. “As […]
chat_bubble0 Comment
visibility1719 Views
Puerto Rico General Fund net income exceeds projections by $42.9M in May, Treasury says
July 30, 2021
The Puerto Rico Treasury Department informed that net income shored up into Puerto Rico’s General Fund exceeded $1.4 billion in May, beating the government’s projections by $42.9 million. In a press release, agency Secretary Francisco Parés said the projected amount was $1.3 billion, representing a growth of 3.1%. “This projection is included in the new […]
chat_bubble0 Comment
visibility1917 Views
SBA to open Paycheck Protection Program direct forgiveness website
July 30, 2021
The US Small Business Administration will launch a streamlined Paycheck Protection Program forgiveness application website to allow some 6.5 million borrowers with PPP loans of $150,000 or less to apply for forgiveness directly through the SBA, it announced. On Aug. 4, the site will begin accepting applications from borrowers that have a PPP loan with […]
chat_bubble0 Comment
visibility1427 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA