As part of its mission to position Puerto Rico as an Innovation Hub, the Puerto Rico Science Technology and Research Trust Technology Transfer Office is celebrating — along with the University of Puerto Rico’s Medical Sciences Campus — the “Technology Transfer Recognition Week” to highlight the incredible potential of this tech transfer process as an […]
The PNC Christmas Price Index predicts “true loves” will find all is calm when putting the gifts under the tree this holiday shopping season. To purchase the gifts included in the classic holiday song “The 12 Days of Christmas,” it will cost just 0.2% more than it did in 2018, according to the 36th annual […]
OFG Bancorp announced it has received the OK from the Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation and the Puerto Rico Office of the Commissioner of Financial Institutions needed so that its banking subsidiary, Oriental Bank, may complete the acquisition of the local and U.S. Virgin Islands operations of Scotiabank. […]
Mexican restaurant Lupe Reyes is becoming the newest gastronomic proposal to join the El Distrito, Abelardo Ruiz, general manager of the entertainment complex in the Miramar sector of San Juan, announced. The holiday season known as “Guadalupe-Reyes Marathon” is a period of Mexican tradition that begins Dec. 12, the day that commemorates the Virgin of […]
Walmart Puerto Rico continues to expand the variety and quantity of local products and services offered to the public in its stores across the island as a result of the Puerto Rico Open Call, it announced. This program, which was carried out for the second year in a row, is part of a platform that […]
Claro Puerto Rico has filed a certification at the Federal Communications Commission of its plans to retire its copper infrastructure at dozens of locations islandwide, starting in March 2020, this media outlet learned. Claro intends to retire copper distribution and copper loop facilities where it has deployed or plans to deploy fiber-to-the-premise as a replacement, […]
Puerto Rico government officials announced the start of the first phase of implementation and management of the new defined contribution plan for public employees, including teachers and judiciary system workers. During a roundtable with members of the media, Puerto Rico Fiscal Agency and Financial Advisory Authority (AAFAF, for its initials in Spanish) Executive Director Omar […]
The Federal Emergency Management Agency and the Central Office for Recovery, Reconstruction and Resilience, or COR3, have obligated nearly $59 million in additional funds for 60 projects related to the recovery and reconstruction of Puerto Rico. These funds were obligated between Nov. 25 and Dec. 5, the agencies confirmed. “FEMA and COR3 continue to work […]
Raging Capital Management, LLC, a long-term shareholder of Popular Inc. (BPOP) said in a letter delivered to the institution’s board of director that the bank is “significantly undervalued” ad urges adopting a $1 billion stock repurchase plan. In the letter signed by William C. Martin, chairman and chief investment officer of Raging Capital Management, LLC, […]
Aon’s “2020 Global Medical Trend Rates” report identified Latin America and the Caribbean as the most advanced region in terms of well-being in the corporate environment. Due to the large increases in medical costs in the last 10 years, employers, health care operators and consulting companies such as Aon have realized the importance in adopting disease prevention plans, the […]
Climate change is one of the most important issues facing the world, according to a major new survey of young people published by Amnesty International today to mark Human Rights Day. With the findings published as governments meet in Spain for the UN Climate Change Conference, the organization warns that world leaders’ failure to address […]
Honoring the service of U.S. warfighters, Crowley Maritime Corp. has donated end-to-end logistics services and contributions totaling nearly $50,000 to Wreaths Across America so nearly 13,000 wreaths can be laid in remembrance at the gravesites of U.S. veterans in Jacksonville, Fla., and Puerto Rico. Crowley is transporting more than 6,500 wreaths to be placed on […]
The Financial Oversight and Management Board for Puerto Rico’s admission that there will be significantly less federal recovery money flowing into the island could stump the island’s future growth and debt restructuring talks, an analysis by the H. Calero Consulting firm stated. Recently, the Oversight Board confirmed that the island would get about $30 billion […]
In a bid to support high school and university students to continue their work in scientific research, the Department of Economic Development and Commerce’s Youth Development Program will disburse $263,000 for a project being developed at the Ponce Institute of Sciences, agency Secretary Manuel A. Laboy announced. “Science and technology are subjects that are in […]
The Puerto Rico Manufacturing Extension Inc. (PRiMEX), launched the second edition of its Export Academy, in which 13 companies will learn the basic elements to establish an export plan in the short, medium and long term. The academy includes six educational modules and group consulting sessions with a total investment of 70 hours. The academy […]
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