Popular reports $262.6M in 1Q21 net income, bullish on Puerto Rico’s economy
April 29, 2021
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 […]
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Toro Verde opens $1.2M ‘ToroBike,’ world’s longest cable bike circuit
April 29, 2021
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 […]
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Habitat for Humanity offers construction training through Habitat Builds Puerto Rico
April 29, 2021
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 […]
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Homeland Security extends deadline to get Real ID until May 3, 2023
April 28, 2021
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 […]
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Pierluisi, HUD Secretary commit to ‘continue accelerating’ Puerto Rico recovery
April 28, 2021
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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Puerto Rico’s credit union industry strengthened by 20% increase in total deposits
April 28, 2021
Conditions for Puerto Rico’s credit union industry continued improving as of the fourth quarter of 2020, with greater liquidity, asset quality and a 20% increase in total deposits, according to the new Credit Union Industry Financial Stability Index for Puerto Rico, produced by Estudios Técnicos Inc. (ETI). “The index increased from 0.38 in the fourth quarter […]
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Consulting services firm ICF lands $46M contract from Puerto Rico gov’t
April 27, 2021
The Public Private Partnership Authority recently awarded global consulting and digital services provider ICF a new $46 million contract to provide services to support long-term disaster recovery from Hurricanes Irma and María and hazard mitigation efforts to protect against future disasters, it announced. The contract, which is administered by the Central Office of Recovery, Reconstruction […]
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Puerto Rico’s population shrinks by 11.8% since 2010
April 27, 2021
The U.S. Census Bureau disclosed that Puerto Rico’s resident population was 3,285,874 as of April 1, 2020, down 11.8% from 3,725,789 people included in the 2010 Census. “We’re proud to release these first results from the 2020 Census today. These results reflect the tireless commitment from the entire Census Bureau team to produce the highest-quality […]
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First BanCorp reports $58.9M in Y-O-Y net income growth during 1Q21
April 27, 2021
First BanCorp., the parent company of FirstBank Puerto Rico, reported net income of $61.2 million, or $0.28 per diluted share, for the first quarter of 2021, compared to $50.1 million, or $0.23 per diluted share, for the fourth quarter of 2020, and $2.3 million, or $0.01 per diluted share, for the first quarter of 2020. […]
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Puerto Rico’s economic activity shows slight growth in Jan-Feb ’21, but tumbled Y-O-Y
April 27, 2021
Puerto Rico’s economic activity showed slight growth in January and February 2021, with 118.8 and 119.3 points, respectively, but took a tumble year-over-year with drops of 3.2% in January and 2.3% in February 2020. Puerto Rico Economic Development Bank President Luis Alemañy said the Economic Activity Index (EAI-BDE) analysis period includes the months when the […]
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Pierluisi announces start of bidding process to rebuild hospital in Vieques
April 26, 2021
Nearly four years after losing its only hospital to the destruction caused by Hurricane María, the bidding process to rebuild the Vieques medical facility is officially underway. Gov. Pedro Pierluisi announced the start of the bid for architectural/engineering services for the conceptual drawings for the Susana Centeno Hospital in Vieques. He said $1 million has […]
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Farm Bureau supports González’s designation as agriculture secretary
April 26, 2021
Saying they “foresee a rebound in the sector” under the leadership of Agriculture Secretary-designate, Ramón González, members of the Puerto Rico Farm Bureau threw their support behind the farmer, whose confirmation hearing is scheduled for today at the Senate. During a press conference, leaders of the coffee, fishing, dairy, and family markets sectors, together with […]
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FEMA awards $6.2M+ to Puerto Rico ecotourism hotspots
April 23, 2021
Environmental protection allows the population to enjoy nature, while contributing to their well-being and also indirectly promotes the creation of small business in the ecotourism industry. This positive cascade effect is how Federal Disaster Recovery Coordinator for Puerto Rico and the U.S. Virgin Islands, José Baquero Tirado, described the recent $6.2 million obligation to the Department of […]
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Agriculture Dept. creates culinary competition to promote local products
April 23, 2021
Looking to promote farming and the consumption of locally sourced food, the Agriculture Department announced the start of the “Chef Del País” competition between culinary arts students that seeks chefs-in-training to prepare innovative recipes with local products. The cook-off was created in partnership with the InterAmerican University of Puerto Rico, Ana G. Méndez, ICPR Jr. […]
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Interactive maps promote planning for Puerto Rico’s vulnerable communities
April 23, 2021
The Foundation for Puerto Rico and the Puerto Rico Housing Department unveiled the Interactive Vulnerability and Risk Maps, a digital tool that was developed as part of the nonprofit’s Whole Community Resilience Planning (WCRP) Program. With the publication of this tool, citizens will be able to see data and interactive maps that promote knowledge about […]
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