The FDIC announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Puerto Rico affected by earthquakes. In a release, the regulatory body stated the measures would apply to all FDIC-supervised financial institutions with total assets under $1 billion. The FDIC is encouraging banks to “work […]
When ordering food delivery services, Puerto Ricans are showing a preference for the convenience and flexibility offered by mobile digital platforms, Uber officials said. Anchored in state-of-the-art technology that is easy to use, these platforms have transformed the prepared food industry, helping to develop the business ecosystem and empowering consumers with more options to match […]
Humana Health Plans of Puerto Rico recently selected Oncology Analytics to implement a patient-first approach to cancer treatment. Through this partnership, Humana will ensure that its 44,600 Medicare Advantage, as well as their 74,300 members enrolled in a commercial fully insured Medicare Supplement plan in Puerto Rico “will receive the most effective, safe, and affordable […]
In the wake of the earthquakes that have rattled Puerto Rico since late December, JetBlue will be “temporarily reducing capacity” to protect its revenue base at least through the first quarter, COO Joanna Geraghty said during a call with analysts to discuss the carrier’s fourth quarter 2019 results. “We remain committed to the island, but […]
Sojitz de Puerto Rico, parent company in charge of its distribution in Puerto Rico, announced the launch of its luxury car brand Genesis. The introduction to the local market is coupled with the construction of a $4 million dealership and sales office at the Plaza Las Américas shopping center, in the former Borders location. The […]
The Puerto Rico Science, Technology and Research Trust has created a collaborative space in its Ponce office so that entrepreneurs affected by earthquakes can continue operations. The space, located in the annex of the Department of Labor and Human Resources in Ponce, will be available Monday through Friday from 9 a.m. to 4 p.m. while […]
Puerto Rico Treasury Secretary Francisco Parés-Alicea issued a call to self-employed individuals and services companies to review the “Optional Contribution” as an alternative when filing this year’s tax return. “This is one of the major changes approved in the 2018 Tax Reform and an alternative that could facilitate compliance with tax obligations in a simpler […]
Vive La Van PR, a new option for camping aficionados, is about to make its debut in Puerto Rico, where it will offer local residents and tourists the opportunity to experience the island differently. On Feb. 1, the startup will roll out its 22-foot luxury van, which has been customized entirely to offer the “camping […]
Puerto Rico’s new car sales took a slight hit in 2019, when 106,606 units were sold, representing a 1.2% year-over-year drop when compared to the 107,941 vehicles sold in 2018, the United Automobile Importers Group announced. GUIA, as the trade group is known by its initials in Spanish, revealed last year’s results as well as […]
The Youth Development Institute of Puerto Rico presented its study “A future of child poverty in Puerto Rico: How much does it cost us and what can we do about it,” which revealed the economic consequences of not paying attention to child poverty in Puerto Rico, plus 10 initiatives that can reduce the problem in […]
The Susan Centeno community health center in Vieques, known locally as a treatment and diagnostic center, will receive more than $39.5 million in funds from the Federal Emergency Management Agency as a result of damage caused by Hurricane María in 2017. “I’m extremely happy that funds have finally been obligated for the people of Vieques […]
Gardner-Gibson, a full line manufacturer of roof waterproofing products, announced it will invest more than $5 million to open a new distribution center at La Cerámica Industrial Park in the municipality of Carolina, after marking its third anniversary on the island. The ambitious expansion project, which is slated for completion by the summer of 2020, […]
Representatives from a group of well-known local brands announced the start of the “Cuando nos apoyamos, somos más” (“When we support each other, we’re more”) initiative to support women entrepreneurs in Puerto Rico. Through this effort, and in partnership with the Centro para Puerto Rico, $45,000 will be granted to train women who want to […]
The Bravo Family Foundation’s Rising Entrepreneurs Program officially kicked off with 32 teams that presented their innovative companies to a panel of judges during an event on Jan. 21. The groups that where pre-selected through an open call announced in October 2019, had three minutes to talk about their businesses and answer questions led by […]
Ashburn, Va. – A throng of Puerto Ricans living in the Washington, D.C., area held their own version of SanSe over the weekend, drinking and dancing to “bomba y plena,” eating “piononos” and opening their wallets to benefit earthquake relief efforts in Puerto Rico. One of several earthquake awareness events carried out by Puerto Ricans […]
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