Discover Puerto Rico remains ‘optimistic’ for tourism sector recovery
May 19, 2021
As Discover Puerto Rico continues to work closely with partners on and off-Island to accelerate the economic recovery that is underway, it is citing positive trends pointing toward what it called “the great recovery of travel and tourism.” “Consumers want to travel, and while some are determined to travel regardless of the health outlook, others […]
chat_bubble0 Comment
visibility1831 Views
Puerto Rico’s manufacturing sector advances, exceeds pre-COVID-19 levels
May 18, 2021
Manufacturing activity has advanced steadily over the past 10 months and, for the first time since the COVID-19 outbreak, has exceeded the pre-pandemic level, according to the Manufacturing Coincident Indicators Index (IICM, in Spansih) for February 2021. Industrial activity in February increased 0.6% (seasonally adjusted) and registered a value of 104.1 points when compared to […]
chat_bubble0 Comment
visibility1949 Views
Estudios Técnicos: Keeping track of the risk of inflation in Puerto Rico
May 18, 2021
The fear of an inflationary wave in the United States has implications for Puerto Rico, precisely because the island’s prices are largely determined by what happens stateside. Puerto Rico’s inflation rate has been rebounding since October 2020, although during the first quarter of 2021, the Consumer Price Index (CPI) remained at a rate slightly below […]
chat_bubble0 Comment
visibility3000 Views
Practical Techie: Ultra-connections, in 5 yrs. all things will connect to most humans
May 18, 2021
In just a few years there will be almost five billion people connected to the global Web. Objects and humans will share countless types of microelectronic connections. Let’s fast forward a bit to 2026. Beyond its too risky to surmise with precision. Shortly, even wine bottles will have track and temperature sensors. So will do […]
chat_bubble0 Comment
visibility3008 Views
Caribbean to host 1st version of virtual Women Economic Forum Aug. 24-27
May 17, 2021
The Caribbean will host the first virtual Women Economic Forum focused on the region with leaders from the business, political and social spheres to promote the seal for gender equality between academia, business and the state, organizers announced. Leadership and female empowerment will be the central axis of this virtual meeting that will take place […]
chat_bubble0 Comment
visibility1910 Views
Puerto Rico retail sales up 13% YoY to $2.6B in Feb. ’21
May 17, 2021
Puerto Rico’s retail activity was bustling in February, when they grew by 13% in comparison to the same month in 2020. The Department of Economic Development and Commerce’s (DDEC, in Spanish) Retail Sales Report showed sales reached $2.6 billion. This is the ninth recorded increase in sales at an annual rate, all consecutively and the […]
chat_bubble0 Comment
visibility2193 Views
SME’s Digital Trends Study pegs Puerto Rico’s online sales at $458M
May 14, 2021
The 2021 edition of the Puerto Rico Sales and Marketing Executives Association’s (SME, in Spanish) Digital Trends Study confirmed that nearly 1.4 million people in Puerto Rico are doing their shopping online, a movement that has grown as a result of the COVID-19 pandemic. The study, commissioned to economic analysis firm Estudios Técnicos, showed that […]
chat_bubble0 Comment
visibility4805 Views
SBA’s PPP program runs out of funds before official deadline
May 14, 2021
The US Small Business Administration’s Paycheck Protection Program (PPP) has ended, as funding has run out more than two weeks before the program’s official May 31 deadline, sources have confirmed to News is my Business. Sources not authorized to speak publicly have confirmed the information that was first reported by The New York Times. According […]
chat_bubble0 Comment
visibility2588 Views
UPR’s virtual learning curriculum gets Middle States accreditation
May 14, 2021
The Middle States Commission on Higher Education has accredited all of the University of Puerto Rico’s campuses to offer its virtual learning curriculum as part of its efforts to expand its reach and learning experience for students in and outside Puerto Rico. UPR President Jorge Haddock said as a result of the COVID-19 pandemic, Puerto […]
chat_bubble0 Comment
visibility2195 Views
Roosevelt Roads to undergo $50M infrastructure upgrades before seeking master developer
May 13, 2021
The former Roosevelt Roads Naval Base, which has been in the hands of the Puerto Rico government for about eight years, will undergo a $50 million infrastructure upgrade in preparation for the selection of a master developer for the property, News is my Business confirmed. Nilda Marchán, executive director of the Local Redevelopment Authority for […]
chat_bubble0 Comment
visibility12299 Views
Ports Authority drawing up $10.1M remodeling plan for Aguadilla airport terminal
May 13, 2021
Looking to “significantly improve the traveler experience,” the Puerto Rico Ports Authority is working on the design of a $10.1 million remodeling of the Rafael Hernández International Airport in Aguadilla’s passenger terminal, agency Executive Director Joel A. Pizá-Batiz announced. The design of the improvements is being carried out by MGA Consultant, which Ports contracted to […]
chat_bubble0 Comment
visibility2869 Views
WorldNet marks 25th anniversary with 28% revenue growth
May 13, 2021
WorldNet Telecommunications, founded in San Juan in 1996, is marking its 25th anniversary with a string of accomplishments, including an increase in revenue of 28% and of 86% in accounts at the end of its fiscal year, it announced. The success is attributed to “sales efforts, product development and the acquisition of some commercial assets […]
chat_bubble0 Comment
visibility2605 Views
Hospital de la Concepción breaks ground on $8.1M Skilled Nursing Facility
May 12, 2021
The Hospital de la Concepción in San Germán announced it has broken ground on the construction of a new $8.1 million Skilled Nursing Facility for older adults with acute medical conditions. The facility will house 30 beds, round-the-clock nursing care, and rehabilitation therapies. The project will generate 150 jobs in the construction phase, and 50 […]
chat_bubble0 Comment
visibility1833 Views
$1.7M Sazón Cocina Criolla restaurant opens at Distrito T-Mobile complex
May 12, 2021
The third eatery that is part of the gastronomic lineup at the Distrito T-Mobile entertainment venue in the Miramar sector of San Juan, Sazón Cocina Criolla, has opened its doors following a $1.7 million investment. The 3,300 square-foot restaurant featuring authentic Puerto Rican cuisine, will be located at the district’s Central Plaza, and will join […]
chat_bubble0 Comment
visibility4457 Views
Puerto Rico’s SME’s eligible for up to $100K in seed funding from gov’t
May 12, 2021
Puerto Rico’s small- and mid-sized businesses (SME’s) looking to grow their operations may be eligible for as much as $100,000 in seed funding from a number of programs under the Department of Economic Development and Commerce (DDEC, in Spanish). During a roundtable discussion to mark small business month, the agency brought together five companies — […]
chat_bubble0 Comment
visibility8273 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA