Self Learning Solutions Tech (SLSTECH), a Puerto Rican firm specializing in distance learning courses, will offer mandatory courses on protection against COVID19 to reopen businesses, locations and offices free of charge through May 31, it announced. “We’re contributing to a safer reopening by certifying employers free of charge so that they can restart their businesses,” […]
The Federal Emergency Management Agency and the Central Office for Recovery, Reconstruction and Resilience, or COR3, announced the obligation of more than $47 million in additional funds for 131 projects during the first week of May. The Humacao Campus of the University of Puerto Rico, 26 parks and community centers from the of Sports and […]
The Puerto Rico Tourism Alliance denounced that the efforts to reopen the industry “lack a defined strategy that guarantees a successful and safe return,” after months of a stand-still of the tourism sector due to the health crisis caused by COVID-19. The Alliance said July would be the right time to lift social distancing restrictions […]
The Puerto Rico Science, Technology and Research Trust’s Resiliency and Business Innovation program has designed a curriculum on “Resilience for Businesses,” it announced. The initiative run with funds from the Economic Development Agency (EDA i6), is being done jointly with George Mason University — Center for Resilient and Sustainable Communities and Echar Pa’ Lante. “Building […]
The COVID-19 pandemic has forced people worldwide to apply social distancing, which translates into drastically reducing the level of social and economic activity, as well as bringing to light the positive impact that this situation has had on the environment, including the oceans. To raise awareness of this reality, the Marine Environmental Society announced the […]
Liberty Puerto Rico reported $105 million in revenue, representing a 3% growth during the first quarter of 2020 compared to the same period in 2019. The company added some 9,000 customers to its broadband division in the recent three-month term. Liberty Latin America CEO Balan Nair said during an earnings call with analysts that the […]
The U.S. Small Business Administration confirmed it continues to approve loans for Puerto Rico and U.S. Virgin Islands small businesses during the second round of SBA’s Paycheck Protection Program, with more than $120 billion still available. “We encourage small business owners in Puerto Rico and the USVI to take advantage of this opportunity to keep […]
Grupo Guayacán and Popular have partnered once again to provide a total of $90,000 in economic relief grants for small businesses that are currently struggling to maintain operations amid the COVID-19 pandemic. The incentive “will provide much-needed aid to companies that are working hard and reinventing themselves to survive the challenges of this difficult time,” […]
The U.S. Department of Transportation’s Federal Aviation Administration has issued an emergency order revoking the repair station certificate of Ecolift Corporation in San Juan. As a result, Ecolift has surrendered its certificate, the FAA said. The agency alleged that Ecolift repeatedly performed aircraft maintenance work that it was not authorized to perform, including: An altimeter […]
The Puerto Rico Community Foundation announced the first round of donations from the Red Nose Day for Puerto Rico Fund established in 2019 by Comic Relief US, which committed $1 million to the island. Of that amount, an initial $450,000 was awarded to five organizations in Puerto Rico that have a commitment to reduce poverty […]
Insurance provider Triple-S reported $896.4 million in total operating revenues for the first quarter of 2020, a 13.8% increase from the prior year, company CEO Bobby García said. The company recorded adjusted net income of $17.7 million or $0.75 per diluted share, in line with the same quarter last year, he said. “Overall, we’re pleased […]
Given the urgency of implementing effective contact tracing to counteract COVID-19 on the island, the Puerto Rico Science, Technology and Research Trust and its Puerto Rico Public Health Trust program announced an alliance with several municipalities to create the Municipal Contact Tracing and Assistance System, which will allow identifying areas of contagion and the behavior […]
The United Automobile Importers Group confirmed that a total of 280 units new cars were sold on the island during the month of April, sharply contrasting the 7,352 vehicles sold during the same month a year ago. That represents a decrease of 96.2% for the month, and a reduction of 43.2% so far in 2020, […]
Editor’s UPDATE: Las Brisas Property Management is the new manager of Paseo Caribe, which has been sold to a new company called Paseo Caribe Commercial, LLC. Guaynabo-based Las Brisas Property Management quietly closed on the purchase of the mixed-use oceanfront property Paseo Caribe, for an undisclosed amount, from former operator Caribbean Property Group LLC, several […]
A group of Puerto Rico tourism industry representatives issued a statement expressing their interest in a gradual reopening of the sector that generates some 80,000 jobs and generates some $5.5 billion in annual revenue. “As Puerto Rican executives, we recognize the importance of tourism in the island’s economy, and we want to return to work […]
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