Puerto Rico-based business internet service provider AeroNet this week launched a new, advanced Wi-Fi service in Old San Juan, in partnership with Facebook Connectivity. The new service is powered by Facebook Connectivity’s Express Wi-Fi platform, which will enable AeroNet to provide its Wi-Fi service in a sustainable and scalable way, and Terragraph, a gigabit wireless […]
The Buenos Ayres Argentinian Bar & Grill, a 21-year resident of the Condado sector in San Juan, will be moving to another familiar location in Punta Las Marías, occupied by the former Che’s restaurant, this media outlet confirmed. The move is slated to happen in December. The new restaurant will be part of a broader […]
In the face of recent weather disturbances, FEMA along with Puerto Rico’s Central Office for Recovery, Reconstruction and Resilience, or COR3, approved more than $16 million in additional grants for repairs after Hurricane María, the agencies confirmed. The allocated funds are for the week of July 24-30 and cover 88 projects related to the island’s post-storm recovery and reconstruction. Among the […]
Evertec Inc. today announced results for the second quarter ended June 30, 2020, which reflected a revenue decrease of 4% to $117.9 million, compared with $122.5 million in the prior year. The revenue decline in the quarter reflected a slowdown in transactions resulting from COVID-19 with sequential monthly recovery as businesses reopened in Puerto Rico […]
In testimony submitted to the U.S. House Committee on Natural Resources, Institute for Energy Economics and Financial Analysis (IEEFA)’s Director of Finance Tom Sanzillo warned of “significant problems” with a recent agreement for LUMA Energy to take over transmission and distribution (T&D) of Puerto Rico’s electric power grid. The agreement that the government announced in June […]
Discover Puerto Rico announced that as a result of the government’s delay in the opening date for inbound tourism — shifting to only accepting essential travelers — traffic and hotel demand have dropped. The island’s destination marketing organization cited data from STR — an analytics and marketplace insights firm — that shows that hotel demand […]
Four months after closing its merger with Sprint, wireless carrier T-Mobile announced it has wrapped up unifying the brands as one across the U.S. mainland and Puerto Rico. T-Mobile rebranded 20 Sprint stores across Puerto Rico and the U.S. Virgin Islands, pushing its new number of stores, kiosks, mobile units and trailers to 70, company […]
Wireless carrier AT&T announced that its 5G network is now live for consumers and businesses across the country, including 18 additional towns in Puerto Rico. The carrier’s 5G coverage now includes: Adjuntas; Ceiba; Ciales; Guánica; Guayanilla; Jayuya; Lajas; Lares; Las Marías; Maricao; Morovis; Naguabo; Orocovis; Peñuelas; Sabana Grande; San Sebastián; Utuado; and Yauco. “5G is […]
As part of a comprehensive infrastructure and technology investment plan that exceeded $9 million, the Sagrada Familia credit union inaugurated a new branch in Naranjito, which also houses its first mortgage center in the mountain region. The recently inaugurated building represents the completion of a modernization period the cooperative began several years ago, which included […]
The Puerto Rico Ports Authority, which owns the Luis Muñoz Marín International Airport in Carolina, will receive more than $2.5 million under the Federal Emergency Management Agency’s Hazard Mitigation Grant program. The funds are for the proposed design and installation of a combined heat and power generation system at the facility, the federal agency said. The project […]
The Musical Arts Corporation (CAM, in Spanish) and the Institute of Puerto Rican Culture (ICP, in Spanish) will collaboratively hold a series of keynote conferences called “Musical Factories,” to train and offer entrepreneurial tools to professional and developing musicians. This new training project will be an extension to the ICP Cultural Factories initiative, and participation […]
During the decade from 2010 to 2019, Puerto Rico lost 14% of its population. What forced Puerto Ricans to emigrate? On July 26, the first part of the “Beyond the Census: The Demographic Crisis of Puerto Rico,” premiered on the YouTube platform. The documentary series presents the factors associated with the emigration of Puerto Ricans […]
The Federal Emergency Management Agency (FEMA) and the Central Office for Puerto Rico Recovery, Reconstruction and Resilience, or COR3, confirmed the allocation of $14 million in additional funds for 83 projects related to the recovery and reconstruction of Puerto Rico due to Hurricane María. Among the most recent obligations is more than $691,000 for the […]
Discover Puerto Rico, the island’s destination marketing organization, confirmed that hotel occupancy and airline capacity have dropped in the past week or so following the government’s decision to roll back the reopening of the island to visitors. In its latest industry report, Discover Puerto Rico said that “after a month of increases in hotel occupancy […]
First BanCorp., parent company of FirstBank Puerto Rico, announced results for the second quarter and six months ended June 30, reporting net income of $21.3 million and $41.2 million for the periods, respectively. The second quarter result reflects a growth from the $2.2 million reported for the three-month period ended March 30, and a 48% […]
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