Puerto Rican Telecom Alliance asks FCC to evaluate bill to tax internet service
June 12, 2020
The Puerto Rican Telecommunications Alliance sent a letter to Federal Communications Commission Chair Ajit Pai asking him to take notice of the local legislature’s “attempt to tax the internet and broadband internet access services.” The Alliance — which groups internet, television and telephony services providers Aeronet, Claro, Data Access, Liberty Puerto Rico, Neptuno, Optivon, VPNet, […]
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PREPA contract procedure to buy natural gas ‘circumvented rules’
June 11, 2020
A lucrative contract to deliver natural gas to a Puerto Rico power generation plant was awarded through a process plagued by irregularities that provided unfair advantages to a company with limited experience on the island, according to a report co‑authored by Tom Sanzillo of the Institute for Energy Economics and Financial Analysis (IEEFA) and Ingrid […]
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Simon Property Group ends deal to buy Taubman Centers
June 11, 2020
Simon Property Group Inc., which in February 2020 announced plans to acquire rival mall operator Taubman Centers Inc. for some $3.6 billion, confirmed it has terminated the deal. The retail giants have properties worldwide, including Plaza Carolina, a Simon property, and The Mall of San Juan, which Taubman opened in 2015. Both shopping centers reopened […]
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Analysis: Puerto Rico to bear harder economic brunt from pandemic
June 11, 2020
Puerto Rico is expected to “be hit harder” by the effects of the COVID-19 pandemic in comparison to many other global jurisdictions, mainly due to the exceptional circumstances it faced prior to the health crisis, according to the latest analysis released by Estudios Técnicos. The firm, based in San Juan, predicts as a result, Puerto […]
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eBay to invest $150K to support Puerto Rico’s micro, small and mid-sized businesses
June 11, 2020
As a result of the current coronavirus (Covid-19) pandemic, micro, small and medium businesses in Puerto Rico are facing unprecedented challenges, which puts their income and possibilities of sustaining their business in danger. For this reason, today, eBay has launched “Mi Negocio 24/7 en eBay,” an acceleration program that will allow Puerto Rican businesses to […]
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FEMA earmarks $30M+ for 71 recovery projects in Puerto Rico
June 10, 2020
The Federal Emergency Management Agency and the Central Office for Recovery, Reconstruction and Resilience, or COR3, announced the allocation of more than $30.4 million in funds for 71 projects related to the recovery and reconstruction of Puerto Rico due to Hurricane María. These funds were obligated between May 29 and June 4, the federal and […]
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EPA urges preparedness in Puerto Rico as hurricane season begins
June 10, 2020
As the U.S. Environmental Protection Agency continues dedicated efforts to help Puerto Rico and the U.S. Virgin Islands recover from 2017 Hurricanes Irma and María, the new Atlantic hurricane season kicked off on June 1. The EPA is now reminding people, businesses and state and local governments where they can find the best information on […]
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InterAmerican University students, professors making protective face shield frames
June 10, 2020
A group comprising students and professors from the InterAmerican University of Puerto Rico’s School of Engineering in Bayamón is working with a team of doctors and health professionals to manufacture face shield frames, the university announced. The group, called Facing Up Covid-19, provides the equipment to personnel who are working on the front line against […]
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Puerto Rico tourism officials unveil strategies to jump-start sector
June 9, 2020
Discover Puerto Rico and the Puerto Rico Tourism Co. on Monday unveiled separate but similar promotional strategies to jump-start tourist activity, which has declined significantly over the past several months since COVID-19 arrived at the island. While the Tourism Co.’s effort seeks to mobilize some 410,000 residents to vacation on the island during the summer […]
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Puerto Rico shopping center execs ask governor to extend operating hours
June 9, 2020
The Puerto Rico Association of Shopping Centers said following a “successful” first week of reopening after a nearly three-month shutdown, they are “ready for the next phase,” and asked Gov. Wanda Vázquez to allow them to return to regular operating hours. “We’re proud of the result of the reopening, since it was carried out in […]
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New $2.6M Olive Garden restaurant opens in Santa Isabel
June 9, 2020
Grupo Colón-Gerena, parent company of the Olive Garden franchise in Puerto Rico, announced the opening of its sixth location on the island, following an investment of $2.6 million. The 6,000 square-foot restaurant is the first in the southern region, located in Santa Isabel. It is generating 92 jobs in the midst of the COVID-19 pandemic. […]
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Puerto Rico Telecom Alliance pushes for public hearings for Senate Bill 1333
June 9, 2020
The head of the Puerto Rico Telecommunications Alliance, Felipe Hernández, called on lawmakers to hold public hearings on House Bill 1333, which the group claims would increase the internet and cellular service bills for local consumers and could bankrupt nearly 100 Puerto Rican small businesses that serve more than 300,000 subscribers. Hernández demanded that House […]
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Telecom services under Lifeline program subject to new reviews starting June 23
June 8, 2020
Starting on June 23, Puerto Rico consumers applying for subsidized telecommunications services will have to go through the National Lifeline Eligibility Verifier to validate that they qualify for services. On that date, telecommunications carriers that participate in the subsidy program must cease using older eligibility processes to complete enrollments, the Federal Communications Commission’s Wireline Competition […]
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Entrepreneur Challenge to pick 10 participants to develop business ideas
June 8, 2020
The Entrepreneur Challenge — an initiative headed by the Department of Economic Development and Commerce’s Youth Development Program — has entered its second phase, during which it will select 10 participants to present their business proposals, the agency confirmed. “After launching the challenge for the second consecutive year in February, 280 young people stepped forward […]
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Jones Act turns 100 amid renewed controversy
June 5, 2020
By Larry LuxnerSpecial to News is my Business Sen. Mike Lee, a Utah Republican viewed as one of the most conservative members of Congress, said lighting “a Dumpster full of manure on fire” would be an appropriate way to mark today’s 100th anniversary of the Jones Act. The controversial legislation, approved by Congress on June […]
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