The Puerto Rico Restaurants Association sent a letter to Gov. Wanda Vázquez asking her to ease the conditions under which they will operate after the current Executive Order restricting economic activity to curb the spread of COVID-19 expires on Aug. 15. In the letter, the trade group — which represents about 4,500 local commercial establishments […]
The U.S. Department of Housing and Urban Development announced the disbursement of $5.4 million in CARES Act funding to help low income families during the coronavirus pandemic. The assignment is part of a global disbursement of $472 million in funding that can be used by public housing authorities to help families assisted by Housing Choice […]
The Puerto Rico Ports Authority will buy and install some 78 new fenders at the Puerto Nuevo facility’s C to H loading docks at a cost of $1.2 million, agency Executive Director, Joel A. Pizá-Batiz announced. The loading docks fenders must be replaced as soon as possible because they are deteriorated and do not fulfill […]
The Puerto Rico Department of Labor and Human Resources confirmed it has disbursed $78.5 million to some 12,662 claimants who were waiting to receive the retroactive payment of both the unemployment insurance compensation and the Pandemic Unemployment Assistance aid. “Some 12,662 people will be receiving their corresponding payments in the coming days,” Labor Secretary Carlos […]
The Highways and Transportation Authority announced the availability of the AutoExpreso Móvil application, which is free of charge for iOS and Android devices and will give users more control of electronic payments for the island’s toll payment system. “With this launch, we’re giving AutoExpreso users not only more control of their accounts, but also the […]
The Puerto Rico Public-Private Partnership Authority, together with the Puerto Rico Electric Power Authority, issued a Request for Qualifications seeking companies interested in managing, operating, maintaining and decommissioning one or more of the utility’s base-load generation plants and gas turbine peaking plants across the island. This is the second P3 agreement that the government is […]
Puerto Rico Government Gaming Commission Executive Director José Maymó-Azize announced the start of the process to get comments from the general public on the regulations that will govern the island’s sports betting, fantasy contests and electronic games operation. “Pursuant to the Uniform Administrative Procedures Act of the Government of Puerto Rico and the Government of […]
Puerto Rico’s new car sales spiked by 38% year-over-year in July, with 10,595 units sold, the United Automobile Importers Group confirmed. Despite last month’s growth, so far this year, the industry has seen a contraction of 28.4%, the trade group known as GUIA stated. Segments reflecting the greatest jumps in July were vans, with an […]
The Federal Communications Commission announced it will accept proposals from telecommunications companies in Puerto Rico to receive funding from the “Uniendo a Puerto Rico Fund.” The fund has $504.7 million available during a 10-year period to support fixed broadband projects by companies in the Puerto Rico market. Another $186.5 million is available under the Connect […]
Integro Foundation, a nonprofit organization established on the island in 2015, collaborated with Binance Charity to raise $1M and donate 200,000 KN-95 masks in Puerto Rico as part of the “Crypto Against COVID-19 Campaign.” A total of 500,000 masks are being donated to Brazil, Brazilian Amazon, South Africa, Bermuda, Barbados, St. Lucia, Dominican Republic, and Navajo […]
Lifted by efforts to help residential and business customers navigate the COVID-19 quarantine and lockdown, Liberty Puerto Rico reported $109 million for the second quarter, a 5.1% increase compared to the same period in 2019, and a 4.3% jump over the first quarter in 2020. The financial results showed that Liberty added 33,500 revenue generating […]
Thoma Bravo, a private equity investment firm founded by Puerto Rican entrepreneur Orlando Bravo, announced the sale of its portfolio company Ellie Mae to Intercontinental Exchange (ICE), in a deal worth $11 billion. Ellie Mae, based in Pleasanton, CA with approximately 1,700 employees, was founded in 1997 with a mission to automate and digitize the […]
Puerto Rico’s Resident Commissioner in Washington Jenniffer González and Florida Sen. Marco Rubio introduced H.R. 7577, a bill that would help boost Puerto Rico’s economy and position the island as a “hub,” or national production center, of medical equipment and drugs. This bicameral initiative encourages companies that are currently producing pharmaceuticals and medical devices abroad, […]
A new application called the Colecturía Digital Móvil was recently launched to ease the purchase of Treasury Department payment vouchers required for dozens of government transactions, particularly at the Department of Transportation and Public Works’ Drivers Services Office (CESCO). Once the mobile app is downloaded, the user registers, selects the agency that requires the voucher, […]
The Puerto Rico Treasury Department reported that the preliminary revenue for the General Fund during the 2019-2020 fiscal year totaled $9.3 billion. Although the collections of the last two quarters of this fiscal year were affected by the earthquakes and the COVID-19 pandemic, they exceeded the revised Financial Oversight and Management Board for Puerto Rico […]
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