P.R. hotels develop special packages for tourists
February 7, 2020
To incentivize tourists to visit our island, destination marketing organization Discover Puerto Rico, and the Puerto Rico Hotel & Tourism Association, have been working with hotels around the island to develop special packages. A total of 17 hotels have joined this attractive initiative to encourage travel to the island. The packages feature different offers, some […]
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FEMA includes 9 more P.R. towns as eligible for individual assistance
February 7, 2020
Nine more municipalities that were affected by the earthquakes that began Dec. 28, 2019, in southwest Puerto Rico have been designated as eligible for Federal Emergency Management Agency’s Individual Assistance program. At the request of the government of Puerto Rico, FEMA extended eligibility for Individual Assistance to Arecibo, Ciales, Hormigueros, Juana Díaz, Las Marías, Mayagüez, […]
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FCC lays down rules to invest $692M in P.R./USVI broadband, voice networks
February 6, 2020
The Federal Communications Commission’s Wireline Competition Bureau established the procedures for its investment of up to $691.2 million over the next 10 years to support the deployment of “advanced, hardened” broadband and voice networks in Puerto Rico and the U.S. Virgin Islands. This investment will help ensure that those living in Puerto Rico and the […]
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FEMA assigns $14.3M to restore Cuartel de Ballajá in San Juan
February 6, 2020
The Federal Emergency Management Agency recently obligated nearly $14.3 million in federal funds to the Puerto Rico State Historic Preservation Office for permanent work to restore the Cuartel de Ballajá in Old San Juan. The work to be completed includes electrical repairs, removal and replacement of wood windows, stain-glass windows and wood doors, as well […]
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OCIF orders P.R. financial institutions to report quake-assistance efforts
February 6, 2020
The Office of the Commissioner of Financial Institutions (OCIF, in Spanish) released a Circular Letter requiring Puerto Rico’s financial institutions helping customers affected by the recent earthquakes to report on their efforts. In the document, the regulatory body orders mortgage lenders and services specifically to file monthly reports of the steps they are taking to […]
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Study confirms P.R. debt restructuring leading to new unsustainable payments
February 6, 2020
One year after Judge Laura Taylor Swain approved the agreement on the Sales Tax Financing Corp. (COFINA, in Spanish) bonds which, with the consent of a majority of the members of the Puerto Rican legislature, was presented by the executive and the Financial Oversight and Management Board to the bondholders, a study by economist Daniel […]
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Call opens for 3rd edition of P.R. IT Innovation Awards
February 5, 2020
The Puerto Rico Information Technology Cluster opened the call for the third edition of the Puerto Rico IT Innovation Awards, which recognize the work of individuals and leading companies in the island’s information technology industry. “As a Board, we decided to continue this effort for the third consecutive year, since it has been very positive […]
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2 weeks left to apply for parallel18’s 8th cohort
February 5, 2020
Following a “trailblazing cohort” where 45% of the teams had female leaders, parallel18 just launched an open call for its Generation 8 edition, the nonprofit announced. The San Juan-based international accelerator program that has worked with more than 160 companies in the last four years is actively looking for innovative startups with a global vision […]
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CPAs to commission 3rd study on occupational fraud in P.R.
February 5, 2020
The Puerto Rico Society of CPAs will be commissioning the third edition of its occupational fraud study, to determine the impact of the problem on the island, trade group President David González said. “Occupational fraud is a global problem that represents a threat to companies today. It is a great phenomenon that affects practically each […]
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Monsanto sued for $3.5M for alleged ‘intentional and negligent’ harm to ex-worker’s health
February 4, 2020
By Eliván Martínez-MercadoCenter for Investigative Journalism After suffering a severe allergy and respiratory problems while working in Puerto Rico with experimental agrochemicals for the multinational seed producer Monsanto, agronomist Iris Pellot sued the company for allegedly causing her “intentional and negligent” harm, as well as violating her constitutional rights. The first day in court was […]
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Airbnb extends ‘Open Homes’ program through Feb. 9 after earthquakes
February 4, 2020
Airbnb announced it has extended its Open Homes program activation through Feb. 9 to help people affected by the recent earthquakes in Puerto Rico and relief workers deployed to help. The Open Homes Program connects hosts who are willing and able to provide free housing with people in need of temporary accommodation and disaster relief […]
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P.R.’s manufacturing Purchasing Managers Index drops to 41.9 in Dec.
February 4, 2020
The Purchasing Managers Index for Puerto Rico’s manufacturing sector decreased to 41.9 in December and remained below the threshold level for the ninth consecutive month, according to the most recent report released by the Puerto Rico Manufacturers Association and the Puerto Rico Institute of Statistics. “A reading below the threshold level suggests a contraction in […]
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New Fortress Energy awards $20K in scholarships to Polytechnic Univ. students
February 4, 2020
New Fortress Energy awarded a total of $20,000 in scholarships to four engineering students enrolled in the Polytechnic University to continue their studies. Students Bryan A. González-Nieves, Gustavo J. Albelo-Rivera, Josué E. Ortíz-Acevedo and Angelica C. Soto-Pomales will receive a $5,000 scholarship to cover their academic expenses. Students were chosen upon meeting a series of […]
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Small inns open properties to create classrooms for southeastern area students
February 3, 2020
Members of the Puerto Rico Small Inn Owners and Tourism Association have opened their properties to receive students from schools that have been affected by earthquakes in the southern area of the island. Jesús Ramos, president of the association and owner of the Parador Villas Sotomayor in Adjuntas, said the organization representing small inns, or […]
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Kevane Grant Thornton accounting, advisory firm marks 45th yrs. in P.R.
February 3, 2020
Accounting and business consulting firm, Kevane Grant Thornton, and affiliate of Grant Thornton International Ltd, is marking its 45th anniversary in Puerto Rico. The firm that employs more than 150 professionals on the island, is celebrating a 10.1% year-over-year growth, according to Grant Thornton global statistics report as of September 2019 for the Americas region. […]
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