Grupo Guayacán closed its annual fundraising campaign, aimed at supporting the education and training programs offered to entrepreneurs at different stages of business development, raising $105,234.75. Through the month-long Guayacán Giving Day campaign, the organization will boost its endowment fund, which will directly support its programs and activities. This effort has been conducted for three […]
Local startup Abexus Analytics recently published Puerto Rico’s first “Medical Cannabis Market Saturation Index” that offers details on the local areas with potential market saturation of cannabis dispensaries and how such distribution differs with traditional pharmacies throughout the island. “In Puerto Rico the number of dispensaries, total manufacturing capacity and the number of certified patients […]
Food brand Goya kept its title as Puerto Rico’s most recognized and remembered brand according to the results of the annual “Marcas que Marcan” study commissioned by the Puerto Rico Sales and Marketing Association to Gaither International. The familiar brand garnered 24% of the consumer’s recognition and is followed by Nike and Coca-Cola — which […]
If the two banking consolidations currently underway in Puerto Rico materialize, after the dust settles, the trio of big financial institutions that will be left will “compete fiercely” for the local market, Popular Inc. CEO Ignacio Álvarez said. While Oriental is moving forward on its acquisition of Scotiabank’s assets in a deal that should close […]
The U.S. Census Bureau launched a national recruitment effort to hire approximately 500,000 temporary workers to help conduct the 2020 Census. Nearly 4,000 local recruiting events are scheduled to take place this week in communities across the nation, including Puerto Rico, where activities will be held through Friday. “We need people to apply now so […]
Tropizen, a licensed local cultivator and manufacturer of medical cannabis products, announced the launch of the first locally manufactured line of cannabis tinctures incorporating herbal ingredients and cutting-edge pharmaceutical technology, designed to alleviate the symptoms of a variety of government-approved health conditions. “We carefully researched scientifically proven herbal remedies, many of which are featured in […]
Passenger traffic at the Luis Muñoz Marín International airport was up 5.7% during the third quarter ended Sept. 30, in comparison to the same three-month period last year, Grupo Aeroportuario del Sureste, parent company of the airport’s operator Aerostar, announced. The number references the airport’s recovery following the impact of Hurricane María, which hit the […]
DoorDash, the largest and fastest-growing on-demand door-to-door delivery service in more than 4,000 cities in the United States, Canada and Australia, is launching in Puerto Rico today, in its first predominantly Spanish-speaking market and first market in the Caribbean, the company announced. DoorDash has expanded its product to serve customers, merchants, and Dashers in Puerto […]
https://media.blubrry.com/dollarsandsensenewsismybusines/newsismybusiness.com/wp-content/uploads/2019/10/NIMB-Podcast-First-Bank-acquires-Santander_mixdown.mp3Podcast: Play in new window | DownloadSubscribe: Apple Podcasts | RSSFirst BanCorp., parent company of FirstBank Puerto Rico reported net income of $46.3 million, or $0.21 per diluted share, for the third quarter of 2019, compared to $41.3 million, or $0.19 per diluted share, for the second quarter of 2019, and $36.3 million, or $0.16 […]
The management of the Plaza Las Américas shopping center announced the arrival of five new stores and the opening of nine new shops that began doing business in recent weeks. The new stores that will join Plaza Las Américas this year are: Reservalife, Jewelz & Co., gef France, Sumaq Silver & Jewelry and Daazh. In […]
The Puerto Rico Science, Technology and Research Trust announced the collaboration of the Puerto Rico Public Health Trust with the Migrant Clinicians Network in “The Community Health Centers in Puerto Rico in the emergency preparedness through community mobilization” project to benefit Puerto Rico Community Health Centers, known as 330 Centers. Recently, the Migrant Clinicians Network, […]
Representatives from the U.S. Corps of Engineers officially handed back a repaired Guajataca dam to the Puerto Rico Electric Power Authority, after completing work at a cost of $50 million from the Federal Emergency Management Agency. After the impact of Hurricane María in 2017, the reservoir — which is operated by PREPA — suffered serious […]
First BanCorp., parent of FirstBank Puerto Rico, announced the signing of a stock purchase agreement for FirstBank to acquire Spanish bank Banco Santander Puerto Rico in an all-cash transaction worth $1.1 billion. The transaction is subject to receipt of all necessary regulatory approvals and is expected to close in mid-2020. When broken down, the 100% […]
Oriental CEO José Rafael Fernández believes Puerto Rico has an economy that is “transitioning, from not only the aftermath of [Hurricane] María reconstruction, but also for the last 12, 13 years of economic contraction.” During a call with analysts to discuss its third quarter results, Fernández said while federal funds are trickling in, “there is […]
The Puerto Rico Public-Private Partnerships Authority, in collaboration with the Puerto Rico Ports Authority, are seeking bids to repair, design, build, finance, maintain and operate certain marine cruise terminals in the San Juan Bay, with an associated investment of $250 million. The piers in the San Juan Bay that are proposed to form part of […]
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