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 […]
More than 90% of Liberty Puerto Rico customers islandwide already have access to their video, internet and telephony, company President Naji Khoury confirmed. The executive added that all Liberty stores and kiosks around the island are operating full-time, with the exception of the Ponce Mall store, which is closed for security reasons until further notice. […]
By Omaya Sosa Pascual and Jeniffer WiscovitchCenter for Investigative Journalism The greatest immediate death threat after earthquakes, such as those Puerto Rico has experienced for more than two weeks, are traumas that people may be exposed to in the face of a structural collapse. But Health Secretary Rafael Rodríguez-Mercado has not shared a plan to […]
Four of Puerto Rico’s largest businesses are opening their corporate wallets to help victims of the earthquakes that have hit the island’s southern towns recover. The group includes Ponce-based Destilería Serrallés, Inc., producer of Don Q rum, which announced it will contribute $1 million to provide immediate disaster relief and essential services. “We stand in […]
Corporación SANOS executives announced the opening of a new health clinic at the Los Prados shopping center in Caguas, to expand services in the town. César Montijo, executive director of SANOS said the new health center opened with a $650,000 contribution from the Health Resources and Services Administration, an amount that was part of a […]
A little more than two years after the government sold it, the former Sagrado Corazón Urban Train station parking lot will become the Wagons 27 Food Truck Lot, where some 30 food trucks and small restaurants will open in early March, this media outlet confirmed. Randolph Rivera-Aulet, who is in charge of the operation, explained […]
The members of the Puerto Rico of Small Inn Owners and Tourism Association are making more than 400 rooms available for Puerto Rico residents who have been affected by the recent earthquakes in the southern area of the island, emergency response personnel, and whoever does not feel safe in their home. “We’ve verified all our […]
The Federal Communications Commission’s Public Safety and Homeland Security Bureau confirmed that 31.7% of the cell sites providing wireless communications in Puerto Rico are out of service as a result of this week’s earthquakes. In total, cable and wireline companies reported 258,637 out-of-service subscribers in Puerto Rico as of Jan. 8, which may include the […]
The Federal Reserve Bank of New York announced the 30 participants for the Investment Connection program in Puerto Rico, a program that seeks to enhance investments in community development financing by matching local organizations whose needs qualify for credit under the Community Reinvestment Act (CRA) with banks and other investors. Launched in September 2019, the […]
Popular Inc. announced it will carry out common stock repurchases of up to $500 million and an increase in its quarterly common stock dividend from $0.30 per share to $0.40 per share, starting in the second quarter of 2020. “We are pleased to announce our proposed capital actions for 2020 which are in line with […]
Amnesty International Puerto Rico made a call to the local and federal governments to ensure that relief and reconstruction efforts protect human rights following the earthquakes earlier this week, and the ongoing seismic activity. “It is very worrying that the government of Puerto Rico has not provided an adequate and immediate response to the predictable […]
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA