Puerto Rican transaction processing firm Evertec announced it a revenue increase of 8% to $127.2 million during the fourth quarter in 2019, and revenue growth of 7% to $487.4 million for the full year ended Dec. 31, 2019. “We’re pleased with our financial results for the year and with the advancement of our key growth […]
Six months after opening the process to select an executive director the Puerto Rico Institute of Statistics has appointed Orville M. Disdier as executive director of that entity, promoting him from the interim position he held for more than a year. The announcement was made by Statistics Institute Board Chair Arnaldo Cruz, who said he […]
The month of January ended on a negative note for Puerto Rico’s automotive industry, which reported a year-over-year drop in new vehicle sales of -18.5%. The United Automobile Importers Group reported that 6,664 new cars were sold last month, down from the 8,172 sold during January 2019. One of the segments that suffered a significant […]
The Peter Alfond Foundation and Comic Relief US have awarded a combined $11 million to Vimenti by Boys & Girls Clubs of Puerto Rico, calling to action other investors, organization leaders and individuals to join them in their support. Both nonprofits seek to break the generational child poverty cycle in Puerto Rico. Peter Alfond Foundation […]
Dulcinea, a concept that combines the sweet temptation for Spanish “churros” and soft-serve ice cream based on the culinary experiences of Samina Karim and Rafy Bernabe, will open April 22, 2020 as part of the El Distrito entertainment complex in Miramar. The concept, which entailed a $350,000 investment, combines the iconic tastes of Spain and […]
The Puerto Rico MBDA Business Center, operated by the Puerto Rico Products Association, will host on Mar. 6, the Minority Enterprise Development Week, or “MedWeek,” event to offer development opportunities for local entrepreneurs. This year marks the 25th edition of the event, to be held at the Condado Plaza Hilton. “’MedWeek’ is aimed at businesses […]
The iconic Pinky’s restaurant will soon be transformed into a new franchise that will be available both in Puerto Rico and abroad. This as part of an expansion strategy that will join the offers of this concept with those of Acai Express, Héctor Westerband, president of the chain announced. The first step will be the […]
The University of Puerto Rico recently established a collaboration agreement with the Puerto Rico Innovation and Technology Service to encourage new opportunities for the professional development of students and employees. UPR President Jorge Haddock said the agreement is the first of its kind between the college and PRITS, a government agency headed by Glorimar Ripoll-Balet, that […]
The Puerto Rico Youth Fellowship is opening the call for a second round of funding, the first in 2020, to support community activism in Puerto Rico with up to $45,000 in scholarships to continue developing and connecting a network of young leaders on the island. “The people of Puerto Rico continue to suffer the consequences […]
Liberty Puerto Rico reported $412.1 million in revenue for fiscal year 2019, an increase of 23% year-over-year attributed to a “focus on innovation and customer experience, as it strives to transform into a quad-play services provider.” The provider, whose results positioned it as one of its parent company Liberty Latin America’s biggest regional performers in […]
The Department of Economic Development and Commerce unveiled a master plan to develop the $300 million Puerto Rico Ocean Technology Complex, or PROtech, to generate thermal ocean energy. Agency Secretary Manuel Laboy also unveiled plans to seek new energy sources through other eco-friendly developments and scientific research along Puerto Rico’s southeast area. “This project is […]
Locast, the nonprofit local broadcast TV streaming service, plans to stream dozens of local TV channels via the internet across Puerto Rico this year, bringing important local news, weather and storm coverage, emergency information, sports, and entertainment programming to internet-connected devices. The announcement was made ahead of today’s hearing about resilient communications to be held […]
A team of economic development experts from Puerto Rico announced the launch of the Tax Incentives Association (TIA), a nonprofit association created to educate, investigate, analyze economic results and serve as promoters of Puerto Rico’s economic development through the attraction of new and diverse investments into the island. TIA’s vision is to “have Puerto Rico’s […]
The U.S. Department of Transportation has issued the first notice in favor of granting Puerto Rico a waiver to allow foreign airlines to perform certain cargo and passenger transfer services at international airports on the island, local government officials announced. The federal agency’s decision comes after eight months of analysis, kicking off a 14-day public […]
The 12th edition of the Puerto Rico Open, which starts today and will wrap up Feb. 23, is expected to generate $10 million for the local economy, its main sponsor, the Puerto Rico Tourism Co. confirmed. The Puerto Rico Open will feature a Pro-Am, where participants will play with some of the best golfers on […]
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