As a direct response to the COVID-19 pandemic, parallel18, the international startup program based in Puerto Rico, launched a digital tool that connects its participant and graduate companies with investors and corporate partners from all over the world. The Startup Directory is an initiative through which the Puerto Rico Science, Technology and Research Trust’s program aims to […]
Puerto Rican development firm EJ Global Investment announced the start of construction of what will be the TRYP by Wyndham hotel in the town of Mayagüez, at a cost of $6.8 million. The new 50-room hotel will generate about 40 new jobs and is slated to open in November 2021, company executives Eric Ruiz-Colón and […]
Rebranding goes on all the time in the cyber world, and it’s not a surprise that the usually beleaguered government-owned PrepaNetworks has creatively done so these days. It’s now goes by the brand of HUB Advanced Networks, LLC. Since its origins in 2004, PrepaNet has sought to commercialize it services at business and residential levels. […]
As Puerto Rico government and health officials prepare to receive the first shipments of the COVID-19 vaccine, the Puerto Rico National Guard is also gearing up to assist in the effort to store the meds and in the logistics behind the immunization process. In anticipation of the vaccine’s arrival, earlier this year the PRNG received […]
Lantheus Holdings Inc. announced the sale of its Puerto Rico radiopharmacy and positron emission tomography manufacturing facility in Ponce to PharmaLogic Holdings Corp. for $18 million in cash. As part of the transaction, Lantheus and PharmaLogic will also enter into a long-term supply agreement under which Lantheus will continue to supply PharmaLogic with Lantheus’ products […]
The Banker, The Financial Times’ international banking magazine, has named Banco Popular de Puerto Rico at “Bank of the Year Puerto Rico” for the seventh consecutive year. The Banker announced the award during the virtual awards ceremony held recently. According to The Banker, 2020 has been “an incredibly tough year,” as the COVID-19 pandemic brought […]
One month after it officially acquired AT&T’s wireless and wireline operations in Puerto Rico and the US Virgin Islands, Liberty Puerto Rico gave an update on the integration process, saying that the wireless network continues to perform “very well, and service has not been impacted.” Liberty is moving full speed ahead with 5G deployment in […]
The changes our planet is undergoing due to human activity has been a growing topic of discussion in recent years. As the damage we’re creating has gotten harder to ignore, finding someone who isn’t concerned about climate change is, thankfully, becoming more and more difficult. It’s hard to find a news channel that isn’t covering […]
As part of the reinvention of its customer loyalty program, Walgreens recently rolled out a fully-redesigned mobile app through which Puerto Rico customers can now buy and pick up their purchases at the store, curbside, or at the drive-thru window in as little as 30 minutes. Curbside pick-up at Walgreens is new to Puerto Rico, […]
The Puerto Rico Treasury Department has ruled that the cash benefit available in certain products to Medicare Advantage plan members is not considered income and, therefore, does not affect the member’s eligibility for other programs and services based on income. “We’re very pleased that the Treasury Department expressed and confirmed through a ruling that the […]
Puerto Rico residents will be able to request eight different types of services from the Demographic Registry’s website with the creation of a digital citizen profile, said Glorimar Ripoll-Balet, Executive Director of the government’s Puerto Rico Innovation and Technology Service (PRITS) office. Puerto Rico residents may apply for a birth certificate, marriage certificate, death certificate […]
The Allmost Homes Hotel, a new $12.3 million hotel under construction on Ashford Ave. in the Condado sector of San Juan, will convert a former building into suites, marking the arrival of a new type of lodging concept to Puerto Rico’s tourism industry. The property is slated to open in October 2021. “The concept seeks […]
Grupo Guayacán, sponsors of the I-Corps Puerto Rico entrepreneurial bootcamp, announced the three winners of its 11th cohort, which drew 22 participating teams. Seed capital prizes totaling $8,500 were awarded with the support of the Massachusetts United for Puerto Rico (MUPR) fund at the Boston Foundation. The team from Mujerona was awarded the first prize […]
Reactions from representatives of Puerto Rico’s retail sector were quickly offered Wednesday in response to the possibility of a partial lockdown to fight the raging spread of the COVID-19 virus. In a nutshell, they agreed cutting back hours would be “catastrophic” for the island’s economy. In separate statements, the Puerto Rican Association of Shopping Centers, […]
Franky Suárez-Caro, a 30-year-old entrepreneur announced the opening of a second location of its Migas restaurant on Route 2 in Mayagüez, for which he invested $100,000. The opening, he said, responds to “the constant and ongoing support from coffee lovers and diners from the southwest and across the island.” The new 1,300 square-foot casual dining […]
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