The Puerto Rico Senate is looking to halt the consolidation of the Puerto Rico Tourism Co. into the Department of Economic Development and Commerce (DDEC, in Spanish) umbrella that is currently underway, stating the need for a “dedicated and autonomous entity to serve the interests of the local tourism sector and the world.” Senate Bill […]
Cybernauts want to forget 2020 as fast as possible, yet as we enter the second decade of the 21st Century, it’s also time to say goodbye to technologies that will not be around for long. Soon to be gone with the thankless 2020 are devices and tech that was necessary for our work routine, […]
After a significant decline stemming from measures adopted to control the COVID-19 pandemic, Puerto Rico’s economy faces further uncertainty as it is again expected to contract in 2021, although less dramatically, according to a projected scenario from economic consulting firm Estudios Técnicos. The firm’s base scenario reflects an economic contraction of 0.9% in 2021, a […]
Orlando, FL — Challenges like the COVID-19 pandemic has not prevented the expansion plans of El Cilantrillo restaurant, with a third location expected to open early in February in Orlando, this media outlet confirmed. Hiram Turull, owner and founder of El Cilantrillo Restaurant Inc., with two locations in Kissimmee and Orlando, announced his plans to […]
Gov. Pedro Pierluisi and Labor Secretary Carlos Rivera-Santiago announced the Puerto Rico is opting-in to the new Mixed Earner Unemployment Compensation program that will represent an economic impact of some $65 million to the island and could benefit some 60,000 individuals. Th requirements and instructions on how to participate in the program — which is […]
Following months battling with the COVID-19 pandemic, three thrift shop owners in Puerto Rico, have set their expectations high for a better 2021. For Jade Tavarez, Francheska Nazario and Mónica Oquendo the goal is to remain resilient during these tough times. Nazario, owner of the Closet Sustentable thrift shop in Bayamón, has been in the […]
The 20/22 Act Society announced a record in the distribution of funds among this year helping more than 30 nonprofit organizations on the island that shared $1,085,000 in 2020. “Since 2013 we have made a strong commitment to support charitable organizations in the Puerto Rican community,” said Robb Rill, founder of The 20/22 Act Society. […]
Caribbean Produce Exchange Inc., a Puerto Rican consumer food and fresh food distributor, delivered 2.7 million food boxes through its participation in the U.S. Department of Agriculture’s “Farmers to Families Food Box Program” since the initiative began in May. More than 9 million people on the island suffering from food insecurity that has escalated during […]
The Puerto Rico Social and Solidarity Economy Network’s (Red ESSPR, in Spanish) development agenda for 2021 will include increasing the scope of its efforts to facilitate more alliances across economic sectors, educate the community, and strengthen a dozen initiatives carried out this year, among them trade exchanges, financial agreements, and national representation in international events. […]
Simon Property Group Inc. has completed its acquisition of an 80% ownership interest in the Taubman Realty Group Limited Partnership through a deal worth $3.4 billion. Simon owns two shopping centers in Puerto Rico, while Taubman owns one. Under the terms of the transaction, Simon, through its operating partnership, Simon Property Group, L.P., acquired all […]
People around the world have lost their jobs due to the COVID-19 pandemic, and while the government has helped in some ways, it is not enough for some families. Even young college students need money to finance their studies, but finding a job is not that easy to achieve anymore. And so, while stuck at […]
The Public Corporation for the Supervision and Insurance of Puerto Rico Cooperatives (COSSEC, in Spanish) confirmed that local credit unions will be able to access some $3 billion in budgetary allocations included in the new federal economic stimulus package that seeks to revitalize communities with low and moderate resources. The federal funding bill allocates $3 […]
A lack of transparency in public governance and access to information was one of the key public opinion concerns in 2020, according to an analysis conducted by Puerto Rico-based nonprofit Espacios Abiertos. The finding is reflected in the newly unveiled Transparency Barometer, a digital tool created by the organization, which spans more than 400 stories about transparency published by […]
As 2020 winds down, it will not be like the old days with parties, firecrackers, music, drinks and dancing. It will be the end of the year to stay calm, secluded and collected. Most of us will see the year die down with cell phone in hand to communicate with distanced loved ones at the […]
The Department of Economic Development and Commerce unveiled a new Manufacturing Coincident Indicators Index, a new metrics and analysis tool to illustrate the sector’s economic activity, which agency Secretary Manuel Laboy said reflects that the industry is maintaining a recovery rate. “The most recent report corresponding to October 2020 showed that manufacturing continues to gain […]
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