Two local executives from multinational companies — Carlos Rivera-Vélez and Carlos Miró — they recently launched The Foundation Global Group (TFGG), an integrated business consulting firm to provide solutions that promote business development and success throughout the U.S. mainland during the COVID-19 era and beyond. The COVID-19 pandemic has had a negative impact on thousands […]
By Vanessa Colón-AlmenasCenter for Investigative Journalism Of the $20.2 billion recovery funds allocation granted after Hurricane María through the Community Development Block Grant Disaster Recovery program (CDBG-DR), Puerto Rico has been approved to use only 16%, or, $3.2 billion. Of the money available, the government had used a mere 2%, as of June 30, the […]
The 2020 model of the Toyota Yaris Sedan will be the last to be sold in Puerto Rico, after the automaker decided to end production and delivery of the popular sub-compact vehicle to the local market. “After careful consideration, Toyota Motor North America (TMNA) has decided that 20MY will be the last model year for […]
The Puerto Rico Department of Labor announced the launch of a new online Pandemic Unemployment Assistance platform — known as FastPUA — to expedite claims, by working in tandem with the Puerto Rico Treasury Department, which will share taxpayer information. The Labor Department began testing the platform last week, during which some 5,749 claimants accessed […]
BrainHi, a technology company founded and developed in Puerto Rico, has deployed its virtual automated messaging, call rescue, and appointment management application among more than 300 island businesses to respond to the challenges of the COVID-19 pandemic. The company’s service responds to required safety protocols and to how the pandemic has changed the way of […]
Grupo Guayacán announced the return of the Guayacán Giving Day, its annual fundraising campaign that runs until Oct. 14, 2020. The campaign will be live over the following weeks under the slogan “Give to Support” and will highlight success stories of Guayacán alumni companies. More than 1,200 people have benefited from the various initiatives developed […]
The Department of Transportation and Public Works (DTOP, in Spanish) announced an upgrade to its CESCO Digital mobile app, which among other things, features a virtual driver’s license. The feature, which will become available after the Puerto Rico Legislature approves the required legal aspects, will show a full version of driver’s license and will display […]
Nearly a year after announcing its plans, First BanCorp. announced the completion of its acquisition of Santander BanCorp in Puerto Rico. In connection with the acquisition, Santander BanCorp and Banco Santander will be merged into FirstBank, with FirstBank being the surviving entity, officials said. In July, First BanCorp. got the regulatory go-ahead to complete its […]
The Federal Aviation Administration announced the assignment of infrastructure grants that represent a combined $14.5 million for upgrades to three Puerto Rico airports. The Luis Muñoz Marín International Airport will receive $6 million, the Benjamin Rivera Noriega Airport will receive $7.3 million, and the José Aponte de la Torre Airport will get a little more […]
Solid waste management company EC Waste, announced the acquisition of Republic Services de Puerto Rico, a subsidiary of Republic Services Inc., as well as the integration of its employees, management, client portfolio and landfills in Ponce and Salinas, as of Sept 1. The financial terms of the transaction were undisclosed. “The acquisition of Republic Services […]
The Purchasing Managers Index (PMI) for Puerto Rico’s manufacturing sector decreased slightly to 58.8 in July. However, numbers released by the Puerto Rico Institute of Statistics show that a reading above the threshold level of 50 suggests an expansion in the manufacturing sector with respect to the previous month. The new orders and employment sub-indexes […]
The Federal Emergency Management Agency announced the appointment of José G. Baquero as the Federal Disaster Recovery Coordinator for disaster recovery operations in Puerto Rico and the U.S. Virgin Islands. Baquero will permanently lead disaster recovery coordination and collaboration between the federal interagency and the government of Puerto Rico, the private sector and voluntary, faith-based […]
PenFed Credit Union announced the opening of its new financial center at Plaza Del Caribe Mall in Ponce, after a $1.9 million investment. The new 4,500-square-foot financial center creates 11 jobs in the Ponce community and provides “tens of thousands of residents in south-central Puerto Rico access to some of the best checking, savings, certificate and loan […]
The Puerto Rico Aqueduct and Sewer Authority announced it has received approval to receive up to $163 million for 28 capital improvement projects through a loan agreement with the Department of Natural and Environmental Resources and the Infrastructure Financing Authority’s State Revolving Fund (SRF). The projects include improvements for sanitary infrastructure in the municipalities of […]
Gov. Wanda Vázquez has signed Senate Bill 1649 to amend the Puerto Rico Government Accounting Act to allow the use of electronic documents in the billing, processing and payment of a government obligation. This measure is consistent with the approval and implementation of the laws on the evolution of new information technologies and telecommunications, which […]
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