Popular Inc. CEO: ‘The 3 local banks that will remain will compete fiercely’
October 24, 2019
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 […]
chat_bubble0 Comment
visibility1465 Views
Census Bureau seeks temporary workers in P.R. to conduct 2020 Census
October 24, 2019
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 […]
chat_bubble1 Comment
visibility1930 Views
Cannabis industry diversifies medical offerings to patients
October 24, 2019
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 […]
chat_bubble0 Comment
visibility1424 Views
3Q19 passenger traffic up 5.7% year-over-year at Luis Muñoz Marín Int’l Airport
October 24, 2019
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 […]
chat_bubble0 Comment
visibility1971 Views
DoorDash starts door-to-door delivery service in P.R. today
October 23, 2019
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 […]
chat_bubble0 Comment
visibility4175 Views
First BanCorp. reports $46.3M in net income for 3Q19
October 23, 2019
First 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 per diluted share, for the third quarter of 2018. “We […]
chat_bubble0 Comment
visibility1450 Views
5 new stores arriving to Plaza Las Américas before year’s end
October 23, 2019
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 […]
chat_bubble0 Comment
visibility2396 Views
Partnership to assist P.R.’s Community Health Centers in emergency preparedness
October 23, 2019
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, […]
chat_bubble0 Comment
visibility1375 Views
U.S. Corps of Engineers transfers repaired Guajataca Dam to P.R. gov’t
October 23, 2019
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 […]
chat_bubble0 Comment
visibility2024 Views
First BanCorp. to buy Banco Santander Puerto Rico in $1.1B transaction
October 22, 2019
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% […]
chat_bubble0 Comment
visibility2612 Views
Oriental CEO says P.R. economy ‘transitioning,’ as co. reports 3Q19 results
October 22, 2019
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 […]
chat_bubble0 Comment
visibility1410 Views
Gov’t opens bids for $250M upgrade to San Juan Bay ports area
October 22, 2019
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 […]
chat_bubble0 Comment
visibility2643 Views
Nespresso launches ‘Cafecito de Puerto Rico,’ its 1st local coffee
October 22, 2019
Nespresso announced the launch of Cafecito de Puerto Rico, its first Puerto Rican coffee, available exclusively to U.S. mainland consumers. As the newest addition to the “Reviving Origins” program, this limited-edition coffee highlights the natural earthiness of Puerto Rico’s coffee beans. Since 2018, Nespresso has been working with the Hispanic Federation and coffee farmers in […]
chat_bubble0 Comment
visibility2537 Views
PREPA to turn over documents, electrical system data to CAMBIO, IEEFA
October 18, 2019
The Puerto Rico Electric Power Authority will to provide CAMBIO and the Institute for Energy Economics and Financial Analysis complete access to its electrical system data, the nonprofits announced. The organizations had requested the information to carry out a modeling study based on distributed renewable energy sources. Because the data contains confidential information on critical […]
chat_bubble0 Comment
visibility2155 Views
Pediatric Hospital Foundation reopens NICU South after $400K upgrade
October 18, 2019
The Pediatric Hospital Foundation reopened the Neonatal Intensive Unit South Ward of the Antonio Ortiz University Pediatric Hospital at the Río Piedras Medical Center, whose roof suffered damage in the wake of Hurricane Maria in 2017, which damaged the interior of the critical care unit for infants and neonates. Thanks to private donors, the repair […]
chat_bubble0 Comment
visibility1807 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA