Puerto Rico Manufacturing Extension Inc. (PRiMEX), announced the start of two academies, specialized in export areas, as well as the management and development of talents on the island, also known as “Smart Talent.” Both academies are aimed at Puerto Rico’s small and medium manufacturing business sector. “For the second year in a row, we will celebrate […]
Toyota de Puerto Rico reported year-end sales of 26,537 units of its Toyota and Lexus non-fleet vehicles, which company President George Christoff said exceeded 2020 expectations. Toyota kept its title of “#1 brand in the automotive industry in Puerto Rico” with a 30.1% market share. The best-selling cars were in the Yaris and Corolla family, […]
The island’s Economic Activity Index reached 115.1 points in November, representing a 6.8% contraction when compared to November 2019, and the ninth reduction after 20 year-over-year consecutive increments, the Puerto Rico Economic Development Bank revealed. The EDB-EAI decreased by 0.4% when compared to the previous month. EDB President Pablo G. Muñiz-Reyes said the crisis created […]
RSM Puerto Rico, a local audit, tax and consulting firm focused on the middle market, reported a revenue growth of 7.1% at closing of fiscal 2020, which it described as “an extremely challenging year for the business community both locally and globally.” Business consulting and tax advisory services grew 9.2% and 10.1%, respectively, attributed to […]
With COVID-19 vaccine distribution taking hold across the US, consumers are feeling the end of the pandemic is near, according to recent research shared by Discover Puerto Rico. According to new research from online travel marketplace KOALA, after analyzing the Google data, Puerto Rico was revealed as number one in the list of places that […]
The owners of the Pokébar Hawaiian Kitchen are marking the success of their small chain that got its start in 2019 in the Condado sector of San Juan, with the recent opening of a second restaurant in Hato Rey. This modern concept arose from an idea by Emmanuel Márquez and his brother Cristian Marquez. They […]
During the pandemic years of 2020-21, working remotely from home, virtual classrooms and ongoing livestream conferencing are still a constant. Cybercitizens must stay connected to the web constantly as never before. Productivity is a must, but weak WiFi signals can reduce efficiency. Navigating with a weak web connection becomes a nuisance when there is a […]
At about 4 a.m. Christopher McGrath, a commercial fisherman from San Juan, begins to prepare his boat to go out to sea to find fresh fish. That hard work goes on for long hours until the sun goes down, where he then distributes the day’s catch to restaurants and to the public. Like him, nearly […]
World Central Kitchen announced 19 new participants of its sixth round of grants totaling $400,000 available through the Food Producers Network, formerly known as the “Plow to Plate” program. The nonprofit’s food security and resilience program offer direct financial support to small farmers, fishermen, agribusinesses and associations to regenerate their capacity for production, distribution and […]
Construction of a new $20 million passenger building complex on San Juan’s Pier 3 will get underway in March, when Duty Free Americas will break ground on the project, Puerto Rico Ports Authority Executive Director Joel Pizá confirmed. The two-story building — which will house a Duty Free shop on the ground floor and 16,000 […]
Puerto Rico’s 16 casinos lost $54 million from July to December 2020, when compared to the same period in 2019, as a result of the COVID-19 restrictions, Puerto Rico Tourism Co. Executive Director Carlos Mercado said. From July to December 2019 the industry reported $147 million in revenue, which was reduced to $93 million during […]
Kansas City-based Burns & McDonnell has been awarded a contract for program management services to support the Puerto Rico Electric Power Authority (PREPA) with the revitalization of Puerto Rico’s electrical grid. The financial terms of the agreement were not disclosed. The work will be primarily funded by the Federal Emergency Management Agency (FEMA) and Community […]
New car sales reflected a 10.9% drop in 2020, when 95,019 units were sold, in comparison to 106,624 sold in 2019, according to the latest report by the United Automobile Importers Group. During a presentation, the trade group known as GUIA in Spanish, said fleet sales represented 8.4% of total sales with 7,976 units. That […]
The Puerto Rico Tourism Co. is working with municipal authorities in the towns of San Juan and Carolina to crack down on the unruly behavior displayed by groups of visitors to the island, some of which have made the rounds on social media in recent months. Tourism Co. Executive Director Carlos Mercado confirmed in an […]
Carlos Mercado, the newly named head of the Puerto Rico Tourism Co., said the agency has a three-pronged approach to working with the industry as it begins recovering from the COVID-19 business downturn. The official is hitting the ground running, as he had already built a relationship with members of the sector while acting as […]
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