The U.S. Department of Agriculture has awarded $2.5 million through its Natural Resources Conservation Service (NRCS) Regional Conservation Partnership Program to nonprofit Para la Naturaleza for the Río Grande de Arecibo Restoration Initiative. The nonprofit will partner with NRCS and the US Fish & Wildlife Service (FWS) to conduct activities in the Río Grande de Arecibo watershed to restore […]
The Puerto Rico Hotel and Tourism Association (PRHTA) is seeking to “empower” the tourism industry, and island residents, through an online platform it is calling “Fiebrú.” The content platform — which will go live in the third quarter of the year for the Puerto Rico Hotel & Tourism Association’s 400 corporate members and its associates, […]
The Puerto Rico Ports Authority has begun the work to rebuild Pier 3 in the San Juan bay, at a cost of nearly $6.7 million, agency Executive Director Joel A. Pizá-Batiz announced today. For the job, the agency awarded a contract to Del Valle Group LLC, which is expected to complete the repair of a […]
During a recent visit to the port of Jacksonville — one of the busiest maritime connections between Puerto Rico and the US mainland — Puerto Rico Ports Authority Executive Director Joel Pizá-Batiz sat down with the Jacksonville Aviation Authority, to discuss the possibility of resuming a key direct flight that was discontinued in 2015. In […]
Liberty Puerto Rico recently got a boost from Fitch Ratings, which upgraded its revolving credit and other financial tools, while affirming its long-term outlook, News is my Business confirmed. The company, which over the weekend entered the co-branding stage of its integration process with AT&T Mobility Puerto Rico, which it acquired last year. As part […]
In the perpetual search for tools on the Web to engage audiences, podcasting is the new force in town. As many influencers assert, podcasts offer informational and entertaining experiences for listeners in many social, culture business contexts. As of present, there is only one way to consume podcasts: listening. They can be turned into texts, […]
As part of a strategic move to continue strengthening its focus on offering financial technology in the Puerto Rico and Latin American markets, Evertec announced the sale of its box office division, Ticketpop, to rival Ticketera, which specializes in online event ticket sales. The financial terms of the deal were not disclosed. “It hasn’t been […]
Financial technology firm Evertec announced results for the first quarter ended Mar. 31, 2021, which included a revenue increase of 14%, to $139.5 million, benefitting from volume growth and continued increase of digital solutions in Puerto Rico as well as the new client contracts in Latin America. The current revenue compares with $121.9 million reported […]
The transformation and financial restructuring of Puerto Rico’s bankrupt electric power authority have generated more than $440 million in consulting contracts during the last seven years and could cost island residents more than $1 billion before completion, according to a study released by the Institute for Energy Economics and Financial Analysis. The IEEFA study found […]
This edition of Climbing the Corporate Ladder includes several executive appointments in a cross-sector of industries based in Puerto Rico. Cooperativa de Seguros Múltiples gets new presidentThe Cooperativa de Seguros Múltiples de Puerto Rico has named Luis Cordero as president, to give continuity to the company’s strategic growth plans on a short-, medium-, and long-term […]
Popular Inc., parent company of Banco Popular de Puerto Rico, reported net income of $262.6 million for the quarter ended March 31, 2021, compared to net income of $176.3 million for the quarter ended December 31, 2020. “We got off to a strong start in 2021, earning $262.6 million in the quarter, and are optimistic […]
Toro Verde Adventure Park in Orocovis has officially opened its newest attraction, ToroBike, a $1.2 million venture that has been certified by Guiness World Records as the longest cable bike circuit in the world, at 322.25 meters long. During the unveiling, company and government officials noted that it consists of four platforms, in the shape […]
Habitat for Humanity of Puerto Rico announced the launch of “Habitat Builds Puerto Rico,” a five-and-a-half-week construction skills training “bootcamp” designed to prepare men and women to work in the growing construction industry in Puerto Rico. Applications are currently being accepted. Courses are offered free-of-charge to those who qualify based on their income and their interest […]
The Department of Homeland Security announced an extension of the deadline for US citizens to take domestic flights or visit restricted federal facilities without the need for a Real ID from Oct. 1, 2021, to May 3, 2023. After 9/11, the federal government implemented stricter regulations for the issuance of identification documents, such as birth […]
Puerto Rico Gov. Pedro Pierluisi and U.S. Secretary of Housing and Urban Development (HUD), Marcia L. Fudge on Tuesday discussed the island’s access to disaster relief funding, underscoring their commitment to continue accelerating Puerto Rico’s recovery. Last week, HUD announced the obligation of $8.2 billion in Community Development Block Grant Mitigation (CDBG-MIT) funds, along with […]
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