Negotiations are underway between the operators of the Santa Rosa Mall in Bayamón and the owners of the IKEA franchise to open the first full-service store in Puerto Rico at the former Sears location, this media outlet learned. The mall’s operator, CCM Puerto Rico, is in talks with Santo Domingo-based Sartón Dominicana, owners of the […]
“This year, we’ve decided to make this ‘Call for Papers’ to broaden the scope of the CIO and provide a space for people who wish to exhibit on issues related to the industry,” said PRITC Board co-chairman Juan Carlos Chipi. “The selected participants will present their ideas in front of important private sector CIO’s, innovative […]
National University College and its NUC IBC Institute Extension Centers joined the World Central Kitchen effort headed by Chef José Andrés, to serve as a central kitchen to prepare hot meals for earthquake victims of Puerto Rico’s southwestern area. World Central Kitchen teachers, students and staff make approximately 1,000 pounds to feed 5,000 people, daily. […]
The Serrallés Foundation, Destilería Serrallés Inc. philanthropic arm, will offer grants to nonprofit entities with proposals to offer essential services to earthquakes victims in Puerto Rico’s southern and southwestern regions. The funds are part of the $1 million corporate contribution the company recently announced and includes grants to employees of the Ponce-based distillery and the […]
Given the urgency to start rebuilding roads affected by the earthquakes that hit the island’s southwest region, as well as building shelters, the Department of Economic Development and Commerce issued a pair of administrative orders through its Permit Management Office (OGPe) to expedite emergency government projects. The OGPe issued Administrative Order (AO) 2020-01 to grant […]
Given the seismic events of recent days and the emotional impact this has generated in the population, the Mennonite Health System is sponsoring a health care route with an emphasis on handling emotions and anxiety. “We’re an organization based on Christian faith, so it is essential for us to go out to communities and help […]
The U.S. Department of Health and Human Services’ Office of the Assistant Secretary for Preparedness and Response announced it has activated its Emergency Prescription Assistance Program (EPAP) for Puerto Rico to give residents access to the critical prescription medications they need. The program pays for prescription medications for people without health insurance who are affected […]
The members of the Puerto Rico Retail Trade Association (known as ACDET) and the Association of Emergency Managers and Security Professionals (known as AMEPS) joined forces to deliver entertainment for children and adults living in shelters after earthquakes hit the island’s southern region. Walgreens, Best Buy, Pepe Ganga, Walmart, Novus, Bakers, Pueblo and Sam’s Club, […]
Kroll Bond Rating Agency has assigned senior unsecured debt and deposit ratings of BBB- and short-term debt and deposit ratings of K3 to Oriental Bank, with a stable outlook for the long-term debt and deposit ratings. “The ratings for the bank are underpinned by its sustained level of profitability, including the ability to accrue equity […]
U.S. District Court Judge Pedro Delgado-Hernández ruled against 40 defendants for selling and distributing counterfeit Playero Inc. products, slapping them with a global fine of more than $1 million for the infringements, this media outlet learned. According to the default judgment and permanent injunction issued Wednesday, the defendants were found guilty of breaching the familiar […]
The U.S. Environmental Protection Agency is responding to the recent series of damaging earthquakes in Puerto Rico, working under a Federal Emergency Management Agency mission assignment focused on lending aid to the U.S. Army Corps of Engineers and local government agencies as they assess water infrastructure. The EPA is also using its own authorities to […]
A group of doctors and volunteer staff from Atlantis Health Care Group visited the municipalities of Ponce, Guayanilla and Yauco recently, offering medical services and distributing essential items to several of the communities with the greatest structural damage and whose citizens have been emotionally affected. “It was really shocking to see so many homes collapsed […]
The almost non-stop sequence of earthquakes that have rattled Puerto Rico for the better part of the last two weeks will “exacerbate the commonwealth’s challenges as it tries to rebuild its economy,” Moody’s Investors Service said in a commentary. “The events highlight the significant environmental risks faced by Puerto Rico and businesses considering investment on […]
Sonnedix, a global independent solar power producer, announced the completion of a non-recourse financing of solar photovoltaic plants in Puerto Rico, at a value of $15 million. City National Bank, Florida’s third-largest bank, acted as lender, the company said. Sonnedix started operations in Puerto Rico in 2015, where it currently has two operational solar PV […]
The Federal Emergency Management Agency and the Central Office for Recovery, Reconstruction and Resilience, or COR3, have obligated more than $2.7 million in additional funds for 22 recovery and reconstruction projects in Puerto Rico. These funds were obligated Jan. 3-9, the agencies said. “FEMA and COR3 continue to work together to develop strategies that advance […]
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