In light of Hurricane Dorian and the related Federal declaration of a state of emergency for Puerto Rico, the Financial Oversight and Management Board authorized the government to dip into some $260 million in Emergency Reserve funds from fiscal years 2019 and 2020. Although for the most part, Puerto Rico dodged a bullet, Hurricane Dorian […]
The management of the Coliseo de Puerto Rico, the island’s largest events venue, announced it has entered into an agreement with local firm Ticketera for a new box office service effective Sept. 1. The new, three-year revenue-sharing agreement is expected to boost the coliseum’s annual returns by 20%, General Manager Eduardo Cajina confirmed. This marks […]
The Hurricane Hub of Puerto Rico announced it is prepared to offer training and technical assistance for preparedness, response and recovery in Puerto Rico and the Caribbean during the hurricane season that runs through November. The entity, which falls under the Puerto Rico Public Health Trust — an organization created by the Puerto Rico Science, […]
Puerto Rico Gov. Wanda Vázquez-Garced announced a number of measures that government agencies have taken to face the looming threat from Tropical Storm Dorian, which is expected to pass near Puerto Rico as a hurricane later this week. During a news conference at the Emergency and Disaster Management Bureau, Vázquez-Garced said plans have undergone “significant […]
The National Aeronautics and Space Administration has just invested $19 million into the Arecibo Observatory in Puerto Rico to “gain a lot of knowledge about asteroids.” NASA awarded the University of Central Florida — which manages the site on behalf of National Science Foundation — the four-year grant to observe and characterize near-Earth objects (NEO) […]
Delta will offer more flights to top Caribbean destinations beginning this winter, with additional service between several of its U.S. mainalnd hubs and San Juan’s Luis Muñoz Marín International airport. The increase in traffic will inject $50 million into the local economy, Puerto Rico Tourism Co. Executive Director Carla Campos said. “Responding to increasing demand […]
The Financial Oversight and Management Board for Puerto Rico announced that it designated the $5.3 million expansion of the Fajardo Municipal Landfill as a critical project under Title V of PROMESA. The landfill serves as the primary municipal and commercial disposal site for the north-eastern region of Puerto Rico, serving nine municipalities. It operates in […]
World Central Kitchen announced the opening of its bi-annual cycle of Plow to Plate, the organization’s agricultural support platform that offers direct financial support, training opportunities, and volunteer assistance to small farmers, agribusinesses, and community-led projects in the food sector. The latest call to apply to Plow to Plate begins Sept. 1 and closes Oct. […]
During calendar year 2017, an estimated 2.4% of Puerto Rico’s population migrated to other jurisdictions in the United States, resulting in about 77,000in net terms, according to the Migrant Profile report published by the Puerto Rico Institute of Statistics. The report presents a snapshot of Puerto Rico’s migratory movement during the 2017 calendar year. […]
Atlantic Medical Center, a 330 Primary Health Center in Barceloneta, recently completed the installation of a rooftop solar energy grid to prevent service interruptions to patients, the company announced. Atlantic Medical Center, which serves more than 14,000 patients each year, installed solar panels that can withstand hurricane winds, and have backup battery storage, “which will […]
The Intercontinental San Juan, one of Isla Verde’s iconic hotel properties, is undergoing a multi-million-dollar renovation — the first in 20 years, this media outlet confirmed. Although the amount of the investment was not disclosed, it is estimated at close to $80 million. Christine May, public relations and marketing consultant for IHG, owners of the […]
A joint venture formed by Taconic Capital Advisors LP and Monarch Alternative Capital LP has announced the formation of the Puerto Rico Industrial Solutions and Management platform in connection with its acquisition of a 2.2 million square-foot portfolio of industrial and logistics warehouse properties in the San Juan metropolitan area. This portfolio of warehouses is […]
Digital transformation has revolutionized the way of doing business, and for business leaders, the next three years will be the most important in more than 50 years, Iván Fraticelli, general manager of Ricoh Puerto Rico said during a conference in San Juan. The digital transformation and the impact on the customer experience in the new […]
With revenues of $603 million and an all-time high of arrivals year to date in San Juan, Ponce and Aguadilla airports with 2.59 million passengers; coupled with a full agenda of events in and outside Puerto Rico to showcase the destination, Discover Puerto Rico predicted it will achieve a “record-breaking” year in 2019. “Our aggressive […]
The Federal Communications Commission’s Enforcement Bureau announced proposed fines and issued a formal industry warning related to devices that apparently caused interference to the Federal Aviation Administration’s terminal doppler weather radar station in San Juan. The Enforcement Bureau proposed three separate $25,000 fines against wireless internet service providers Boom Solutions, Integra Wireless, and WinPR. The […]
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