Practical Techie: The move to the ‘greening’ of the electronic cloud
February 9, 2021
As the call for a greener cyberspace gains momentum, beginning with migrating the thick of our digital operations to “greener pastures” within the web, users should surmise whether a public, a hybrid or a private cloud is the cleaner option. The trend toward sustainable cloud design means that remote computing providers commit to carbon reduction […]
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Optico Fiber launches ‘Gigabit Duo’ broadband service in Puerto Rico
February 9, 2021
San Juan-based Optico Fiber announces the launch of Gigabit Duo, a new broadband Internet service offering speeds of up to 2 Gigabits per second (2Gbps). The Gigabit Duo service is available in all areas of the Optico Fiber network. Gigabit Duo is “the fastest residential broadband service available in Puerto Rico,” company executives said, adding […]
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GAO: Puerto Rico spent most of its ’18 Medicaid budget on contractors
February 8, 2021
The U.S. Government Accountability Office (U.S. GAO) released a report urging the Centers for Medicare & Medicaid Services (CMS) to crack down on Puerto Rico’s procurement process, as in 2018 the Commonwealth paid contractors almost all of its Medicaid spending, or 97% of its $2.5 billion budget. The GAO’s recommendation of a “risk-based oversight approach” […]
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FirstBank lawsuit is latest in string of court claims against St. Clair
February 8, 2021
A report released last week by research firm Boletín de Puerto Rico revealed that financial institution FirstBank had filed a civil lawsuit against entrepreneur Keith St. Clair and his businesses, Around the World Holdings and Noir, LLC, seeking to collect on more than $3.8 million on a defaulted loan. The bank sought repayment of a […]
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Liberty Puerto Rico will not raise rates in ’21, will expand 5G services
February 8, 2021
Liberty Puerto Rico vowed not to raise fees for its internet, television and telephony services in 2021, President Naji Khoury said in an email sent to customers over the weekend. “Despite the investment we made to expand our network and the yearly increase in programming costs from television channels, we are absorbing a great amount […]
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Puerto Rico to get $4.3M from McKinsey & Co. opioid case settlement
February 5, 2021
The Commonwealth of Puerto Rico is among 47 states, the District of Columbia, and four territories that will split $573 million from that consulting firm McKinsey & Co. entered into to settle claims that it “fueled” the country’s opioid crisis. Puerto Rico will get a little more than $4.3 million, said Justice Secretary Domingo Emanuelli, […]
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Chick-fil-A partners with mall operator Site Centers for 1st restaurants in Puerto Rico
February 5, 2021
Chick-fil-A announced it has selected Site Centers, which operates the RVI shopping centers, as the home for the first round of openings of its new restaurants in Puerto Rico. “When Chick-fil-A first considered expanding to Puerto Rico, they quickly determined that Plaza del Sol in Bayamón and Plaza Escorial in Carolina were the perfect locations. […]
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Uber’s new safety feature detects trips that end earlier than expected
February 5, 2021
Rideshare company Uber released a new version of the RideCheck feature to detect if a trip ends earlier than expected, as part of its mission to offer passenger safety. This is in addition to the feature implemented a year ago, where the company launched a feature to detect long and unexpected stops. In both of […]
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2 biotech firms investing $228M to open plants in Puerto Rico
February 4, 2021
CytoImmune Therapeutics, Inc. and Biosimilar Solutions, LLC will establish operations in Puerto Rico to develop their biotechnology products. Both initiatives represent a combined investment of some $228 million and the creation of 400 jobs, economic development organization Invest Puerto Rico announced. While CytoImmune Therapeutics will engage in developing cancer immunotherapy solutions, Biosimilar Sciences will work […]
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Medtronic produces insulin pump system at Juncos facility for global distribution
February 4, 2021
Medical device manufacturer Medtronic announced the launch of its newest insulin pump system, produced at its Juncos facility from where it will be exported globally. The Medtronic Minimed 770G insulin pump system has approval from the US. Food and Drug Administration and adjusts insulin levels automatically, taking on more diabetes control tasks so patients can […]
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HUD renews $20.7M in funding to 63 homeless programs in Puerto Rico
February 4, 2021
The U.S. Department of Housing and Urban Development announced it has renewed funding for 63 homeless support programs in Puerto Rico, meaning the availability of $20.7 million for that purpose. The allocation is part of a global $2.5 billion budget to renew existing grants for more than 6,500 community-based housing and service providers across the […]
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FEMA OKs $550K to nonprofits that protect women domestic violence victims
February 4, 2021
The Federal Emergency Management Agency has approved nearly $550,000 for nonprofits that offer services for women who are victims of domestic violence. These allocations include $400,000 for three permanent repair projects and other allocations for emergency work following Hurricane María. Citing Puerto Rico Police Bureau Statistics Office, FEMA said there were 6,170 incidents of domestic […]
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17K businesses in Puerto Rico eligible for $65M in pandemic recovery aid
February 3, 2021
Puerto Rico government officials announced the availability of $65 million in new economic assistance for some 17,000 eligible small businesses whose operations have been interrupted during the COVID-19 pandemic. At a news conference, Department of Economic Development and Commerce Secretary Manuel Cidre and Treasury Secretary Francisco Parés offered details of the Business Interruption Grant from […]
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LUMA attorneys charge $1K+ an hour and consultants get paid nearly $5M to write plans
February 3, 2021
By Eliván Martínez MercadoCenter for Investigative Journalism Hiring a law firm that charges up to $1,245 per hour. The outsourcing of foreign companies such as Alumbra, from Colorado, which has billed as much as $1.3 million in a single month for plans to transform the energy system without having gone through a competitive process. This […]
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Cidre urges Puerto Rico businesses to opt into 2nd round of SBA funding
February 3, 2021
Department of Economic Development and Commerce Secretary Manuel Cidre urged Puerto Rican businesses and self-employed individuals to participate in the second round of the U.S. Small Business Administration’s Paycheck Protection Program, which so far has approved $88.4 million in loans. In a report issued late Monday, the federal agency confirmed it has given its support […]
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