Jobs in San Juan down 7.3% Y-O-Y in Sept. ’20, Bureau of Labor Statistics says
May 6, 2021
Employment in Puerto Rico’s only large county, the municipality of San Juan, decreased 7.3% from September 2019 to September 2020, the US Bureau of Labor Statistics confirmed. Large counties are defined as those with 2019 annual average employment of 75,000 or more. Chief Regional Economist Martin Kohli noted that in September 2020, San Juan’s employment […]
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7th edition of CIO & IT Leadership Conference will take place virtually
May 6, 2021
The Puerto Rico Information Technology Cluster (PRITC) announced that it will hold the 7th edition of its CIO & IT Leadership Conference — this time virtually — on May 14. This conference is known for “being the most important and popular main platform of the island’s computer industry,” organizers said. One of the main issues […]
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eBay reports a double-digit percentage growth in Puerto Rican sellers
May 5, 2021
Online marketplace platform eBay has reported a significant increase in Puerto Rican sellers by a double-digit percent. The products vary significantly, many of them were previously absent from the website before the pandemic. The company did not reveal the exact growth figure, in numbers. “2020 changed our entire way of living, consuming, and doing business, […]
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Housing Dept. seeks to fill 200+ jobs for recovery work
May 5, 2021
The Puerto Rico Housing Department is looking to fill more than 200 jobs available under recovery programs created with Community Development Block Grant (CDBG-DR) Program funds. “As part of our commitment to expedite the island’s recovery process, we’re seeking to accelerate the recruitment of professionals in specialized areas,” Housing Secretary William Rodríguez said, adding that […]
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ASORE: COVID-19 pandemic has Puerto Rico restaurants on the brink
May 5, 2021
Puerto Rico’s restaurant industry saw a 68.2% drop in sales between April and January 2020, when activity plummeted to $50 million from $157 million, “Proyecciones 2021,” a study commissioned by the Puerto Rico Restaurants Association (ASORE, in Spanish) showed. During those months, the island’s government established a series of restrictions, including an almost full lockdown, […]
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USDA awards $2.5M to Río Grande de Arecibo watershed restoration initiative
May 4, 2021
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 […]
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PRHTA to launch ‘Fiebrú’ content platform to ‘empower’ tourism
May 4, 2021
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, […]
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Ports Authority begins $6.7M project to rebuild Pier 3 in Old San Juan
May 3, 2021
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 […]
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Restarting direct Jacksonville/SJU air route ‘on the radar,’ says Ports
May 3, 2021
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 […]
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Fitch upgrades Liberty Puerto Rico’s credit rating, as it launches co-branding campaign
May 3, 2021
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 […]
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Practical Techie: Repurposing podcasts with transcripts
May 3, 2021
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, […]
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Evertec sells box office service Ticketpop to rival Ticketera
April 30, 2021
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 […]
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Evertec reports revenue increase of 14% to $139.5M in 1Q21
April 30, 2021
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 […]
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IEEFA: Huge consulting fees highlight systemic problems with PREPA reform
April 30, 2021
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 […]
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Seguros Múltiples, Evertec, AES make executive appointments
April 30, 2021
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 […]
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