Emergency communications systems, P.R. Police get $1.6M from FEMA
May 29, 2020
Communications systems used to handle emergencies on the island as well as several Puerto Rico Police buildings will benefit from more than $1.6 million in grants awarded under the Federal Emergency Management Agency’s Public Assistance program, the agency announced. The funds will help those in uniform to continue providing vital safety services to communities, it […]
chat_bubble0 Comment
visibility1624 Views
Popular Inc. wraps up $500M accelerated share repurchase transaction
May 28, 2020
Popular Inc. announced the completion of its $500 million accelerated common stock repurchase transaction announced for 2020. The completion came earlier than expected, as the counterparty in the transaction exercised its right under the agreement to implement the early termination date clause when the trading price of Popular’s common stock fell below a specified level […]
chat_bubble0 Comment
visibility1382 Views
USDA grants $2.2M loan to town of Cabo Rojo to improve landfill operation
May 28, 2020
The U.S. Department of Agriculture announced it has approved a $2.2 million loan to the municipality of Cabo Rojo, to improve the town’s landfill operations. The assignment is part of a global $281 million that the federal agency is investing in 106 rural water and wastewater infrastructure improvement projects in 36 states and Puerto Rico, […]
chat_bubble0 Comment
visibility2715 Views
New York Fed announces new format for ‘High School Fed Challenge’
May 28, 2020
The Federal Reserve Bank of New York today announced a new format for the “High School Fed Challenge,” an annual competition designed to enhance and promote economic education. Any high school in the Federal Reserve’s second district — which includes New York State, Northern New Jersey, Puerto Rico, the U.S. Virgin Islands, and Fairfield County, […]
chat_bubble0 Comment
visibility1552 Views
Labor groups present recommendations to governor to protect workers
May 28, 2020
The Puerto Rico Workers Federation, AFL-CIO, headed a group of about 35 unions who met with Gov. Wanda Vázquez and administration officials to present a list of suggestions to “ensure the health and safety of all workers” as the island’s economy reopens amid the COVID-19 health crisis. During a meeting at the Puerto Rico Convention […]
chat_bubble0 Comment
visibility1683 Views
Oversight Board’s ’20 Fiscal Plan proposes 1-yr. pause on gov’t rightsizing
May 27, 2020
The Financial Oversight and Management Board for Puerto Rico today presented the 2020 Fiscal Plan for the Commonwealth of Puerto Rico for certification, which calls for, among other actions, a one-year delay in most government rightsizing activity to allow it to focus on structural reforms and efficiency measures. The document will be up for the […]
chat_bubble0 Comment
visibility1459 Views
Puerto Rico Labor Dept. confirms payout of $727M in jobless benefits
May 27, 2020
The Puerto Rico Labor Department has disbursed nearly $727 million in unemployment benefits to more than 210,000 beneficiaries since April 1, agency Secretary Briseida Torres said. She said $569 million have been disbursed from the regular Unemployment Insurance Program in the past two months, including federal supplementary aid approved by the CARES Act, since April […]
chat_bubble0 Comment
visibility1570 Views
Puerto Rico restaurants reboot operations as physical distancing sets in
May 27, 2020
Puerto Rico restaurants have been given the green light to reopen for business, at reduced capacity and under physical distancing restrictions that are prompting most to reboot to move forward. One major consequence of the distancing required to contain COVID-19 contagion is the virtual elimination of the self-serve buffet concept, which is now a thing […]
chat_bubble0 Comment
visibility2208 Views
Liberty Puerto Rico issues $90M in debt to fund AT&T acquisition
May 27, 2020
Liberty Latin America Ltd. announced that its subsidiary, Liberty Puerto Rico has issued $90 million in senior secured notes to support the funding needed for its acquisition of AT&T Puerto Rico’s assets on the island and the U.S. Virgin Islands. The sale of additional 6.75% Senior Secured Notes due 2027 was executed on a private […]
chat_bubble0 Comment
visibility2004 Views
Ports Authority opens bids for $11M in improvement to Culebra, Arecibo airports
May 26, 2020
The Puerto Rico Ports Authority will open bidding processes to make needed improvements to the Culebra and Arecibo regional airports, representing a combined investment of some $11 million, the Interim Executive Director of Ports, Joel A. Pizá-Batiz, said. “Ports conducted a pavement inspection program at every airport, including Culebra and Arecibo, evaluating conditions according to […]
chat_bubble0 Comment
visibility2213 Views
Esteban Montes Salon activates safety protocols to open its 2 locations
May 26, 2020
In anticipation of the reopening of his two salons in Guaynabo and Condado today, professional stylist Esteban Montes has activated a sweeping safety protocol to protect customers and employees from exposure to the COVID-19 virus, he confirmed. In an interview with this media outlet, Montes said the operational shutdown that began March 16 has represented […]
chat_bubble0 Comment
visibility1849 Views
Puerto Rican agencies launch SPYN.LIVE, a virtual concert platform
May 26, 2020
DDB Latina Puerto Rico and Buena Vibra Group announce the creation of the SPYN.LIVE platform, a digital tool that will change the entertainment industry. SPYN.LIVE will allow the consumer to live the experience of a virtual concert that will feature the traditional elements of face-to-face shows such as lights, screens, pyrotechnics, dancers and musicians, among […]
chat_bubble0 Comment
visibility2357 Views
Puerto Rico Hotel & Tourism Association asks gov’t for reopening plan
May 22, 2020
The Puerto Rico Hotel & Tourism Association confirmed that tourism and organization members are “ready for the staggered opening proposed by the government, and are ready to implement the necessary precautionary measures,” the group’s President Clarisa Jiménez said. “Since we’re aware that there will be a staggered reopening by the government for economic activities, we […]
chat_bubble1 Comment
visibility1793 Views
USDA to provide $1B in loan guarantees for rural businesses, ag producers
May 22, 2020
U.S. Secretary of Agriculture Sonny Perdue today announced that the agency is making available up to $1 billion in loan guarantees to help rural businesses meet their working capital needs during the coronavirus pandemic. Additionally, agricultural producers that are not eligible for USDA Farm Service Agency loans may receive funding under USDA Business & Industry […]
chat_bubble0 Comment
visibility1582 Views
Colmena66 survey reveals 86% of Puerto Rico businesses unprepared for emergencies
May 22, 2020
Colmena66, a program of the Puerto Rico Science, Technology and Research Trust, shared the results of its “Levanta tu Negocio Puerto Rico” survey, which among other things, revealed that 86% of participating businesses lack a contingency fund for unforeseen situations. The survey began on Mar. 20 and during the first five weeks, 625 responses were […]
chat_bubble0 Comment
visibility2148 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA