P.R. Public Health Trust leads towns on COVID-19 contact tracing
May 11, 2020
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 […]
chat_bubble0 Comment
visibility1689 Views
Puerto Rico’s new car sales plummet by 96.2% in April
May 11, 2020
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, […]
chat_bubble0 Comment
visibility1855 Views
Las Brisas Property Management adds Paseo Caribe in San Juan to its portfolio
May 8, 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 […]
chat_bubble0 Comment
visibility4224 Views
Puerto Rico tourism execs lobby for sector’s gradual reopening
May 8, 2020
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 […]
chat_bubble0 Comment
visibility1330 Views
Luxury retailer Nordstrom closes San Juan store amid COVID-19 crisis
May 8, 2020
A little more than five years after making its debut in Puerto Rico, luxury retailer Nordstrom will close its only store at The Mall of San Juan, as it downsizes in response to the impact the COVID-19 has had on its operation. “Our goal is to best position ourselves to serve customers in each market […]
chat_bubble1 Comment
visibility7035 Views
FEMA earmarks some $89M to rebuild Puerto Rico hospitals
May 8, 2020
The Federal Emergency Management Agency has obligated nearly $89 million to date to repair and rebuild hospitals and health centers across the island. More than half of the funds are for permanent work for 258 facilities that will benefit the communities and residents they serve, the agency confirmed. The federal investment in the local healthcare […]
chat_bubble0 Comment
visibility1952 Views
Treasury opens site for Puerto Rico taxpayers to submit banking info
May 8, 2020
The Puerto Rico Treasury Department will open a website at 4 p.m. today so that taxpayers who filed their 2019 returns without their bank account information can submit it to be next in line to receive their $1,200 federal stimulus checks. Treasury Secretary Francisco Parés said only those individuals should access the website today through […]
chat_bubble1 Comment
visibility1914 Views
New Fortress Energy short-listed for PREPA temporary power generation bid
May 7, 2020
Liquified Natural Gas provider New Fortress Energy confirmed it has been put on the short-list of proponents participating in the Puerto Rico Electric Power Authority’s temporary emergency generation RFP (Request for Proposals) released in March. During a call with analysts to discuss its most recent quarterly results, New Fortress CEO Wesley R. Edens confirmed the […]
chat_bubble1 Comment
visibility3282 Views
Global index gives low marks to access to information in Puerto Rico
May 7, 2020
Puerto Rico has been ranked 87th in a roster of 187 countries included in the Centre for Law and Democracy’s Global Index of the Right to Information, according to a report released by local nonprofit, Transparency Network. The RTI Ratings analyzes the transparency and open data laws, enacted in Puerto Rico last year. It points to […]
chat_bubble0 Comment
visibility1820 Views
EPA announces $300K Brownfields Grant for Toa Alta
May 7, 2020
The U.S. Environmental Protection Agency announced that the town of Toa Alta was selected to receive $300,000 to assess and clean up contaminated properties under the agency’s Brownfields Program. The Municipality of Toa Alta will use the grant to target the 35-acre former Industrial Zone, including four vacant and hurricane-damaged former industrial sites and a […]
chat_bubble0 Comment
visibility1535 Views
InterAmerican University to dole out $29.5M to students
May 7, 2020
The InterAmerican University of Puerto Rico is distributing $29.6 million to students in financial assistance provided through the Coronavirus Aid, Relief, and Economic Security (CARES) Act, the college’s President Manuel J. Fernós announced. The CARES Act assigns emergency financial aid to each eligible college student actively enrolled in a face-to-face program at the time of […]
chat_bubble0 Comment
visibility1749 Views
FEMA OKs 552 project obligations worth $95.4M in Puerto Rico
May 6, 2020
The Federal Emergency Management Agency and the Central Office for Recovery, Reconstruction and Resilience, or COR3, obligated roughly $95.4 million for 552 projects during April – more than the total number of projects approved between the months of January and September 2019 combined, they confirmed. Municipalities across the island received the bulk of these obligations […]
chat_bubble0 Comment
visibility1578 Views
Puerto Rico taxis, public carriers get green light to offer delivery service
May 6, 2020
Taxi drivers and public carriers have been given the green light to make light cargo deliveries, and strike agreements with different businesses— including mobile applications — to conduct such activities, Bureau of Transportation and Other Public Services president Luis D. García-Fraga announced. The agency issued notice XIV-2020 to establish the process through which taxi drivers […]
chat_bubble0 Comment
visibility1599 Views
3 entities commit to mitigate spread of mosquito-borne diseases during COVID-19
May 6, 2020
The Communities Organized for the Prevention of Arboviruses, or the COPA project, is actively pursuing its efforts to organize and mobilize communities in 38 areas of Ponce to identify, prevent, and control mosquito-borne diseases, mainly dengue, during the COVID-19 crisis, organizers said. Although COVID-19 is a respiratory illness that is not spread by mosquitoes, mosquito-borne […]
chat_bubble0 Comment
visibility1368 Views
Popular Inc. subsidiaries in P.R., U.S. mainland approve $1.2B in SBA loans
May 5, 2020
Popular Inc. announced that as of May 1st, it had processed more than $1.2 billion in loans under the second round of the U.S. Small Business Administration’s Paycheck Protection Program. The loans have benefited 16,397 small- and medium-sized businesses that employ more than 235,000 people, the bank said. Of the total, $1.05 billion were granted […]
chat_bubble0 Comment
visibility1327 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA