Millennials in Puerto Rico carried the least amount of credit card debt of any state, with an average balance of $2,906 per person, in the first quarter of 2019, according to a study conducted by credit reporting agency Experian. Mississippi millennials had the second-lowest debt, with an average credit card balance of $3,887. These balances […]
U.S. Environmental Protection Agency Regional Administrator Pete Lopez visited Puerto Rico recently as part of the agency’s “aggressive efforts” to advance recovery from Hurricanes Irma and María, as well as tackle ongoing environmental challenges in the Caribbean. The trip included participation in forums, with an array of community groups such as the San Juan Bay […]
ALSA-National Express, a public transport operator, will launch a new collective transportation system which will run between the municipalities of Caguas and San Juan, with stops at the Medical Center, Plaza Las Americas, Hato Rey, Covadonga and Isla Verde, among others. Following a $1 million investment, the firm will run two routes using a fleet […]
Puerto Rico Convention Center District Authority Executive Director Omar Marrero offered an update on eight projects underway in the busy zone that represent a combined $112 million in private investments. Among the most important projects is the EcoExploratorio, which will be a center for informal education in science, technology, engineering and mathematics (STEM), sustainability and […]
Puerto Rico residents continuing to recover from 2017’s hurricanes could be eligible for increased nutrition assistance funded by U.S. Congress and provided through a grant from the U.S. Department of Agriculture. This temporary assistance of $600 million in new benefits will be distributed through Puerto Rico’s Nutrition Assistance Program (NAP) beginning as early as August, […]
U.S. Congressman Darren Soto introduced bipartisan legislation to provide equal access to federal resources for Medicaid to American citizens living in U.S. territories, the lawmaker’s office announced. H.R. 3631, known as the Territories Health Care Improvement Act, increases the limit on Medicaid payments and the federal medical assistance percentage for the five U.S. territories: Puerto […]
The rates charged to take the ferry between Puerto Rico and its island municipalities of Vieques and Culebra will begin increasing gradually after the service is transferred to a private operator, Public Private Partnership Authority Executive Director Omar Marrero confirmed. In an interview during the “En Una Hora” program on 11Q 1140 AM — in […]
A recent study on catastrophes published by Aon revealed that 2017 was the second costliest year on record for insured and uninsured losses, and will most likely become the record year for insured losses with further loss development from Hurricanes Harvey, Irma and María. In terms of economic losses due to weather-related disasters alone, 2017 […]
The Maritime Transportation Authority has reportedly selected the proponent that could be taking over the concession to provide transportation services between Puerto Rico and the island municipalities of Vieques and Culebra, this media outlet learned. Ten months after revealing the short list of companies in the running to enter into a public-private partnership with the […]
The Puerto Rico Aqueduct and Sewer Authority has launched a bidding process to find a private company to design and build its new central laboratory building, which has an estimated cost of $21.4 million. In the announcement, PRASA also said the project includes performing improvements to the site and existing utilities infrastructure. The project must […]
Ciencia Puerto Rico and the Puerto Rico Vector Control Unit (PRVCU) have teamed up to train scientists and teachers in the design of project-based learning lessons, the nonprofits announced. The collaboration is part of the second year of the “Ciencia al Servicio” program, CienciaPR’s flagship education project. “Ciencia al Servicio” brings together teachers and science, […]
The trade war between the U.S. and China will mean a shift in the structure and dynamics of prices, including costlier construction costs, and increased risks of a delayed economic recovery, according to an analysis published by the H. Calero Consulting firm. In the latest edition of its “Pulse” publication, the firm says the spat […]
Puerto Rico Agriculture Secretary Carlos Flores announced the availability of applications to obtain licenses for hemp research pilot projects through its website. “We’re in the execution and compliance period for several initiatives that have been routed from the start of the administration,” Flores said. “That said, we’re starting the process of research in science and […]
A Key Biscayne, Florida, resident and the former CEO of a now-bankrupt multinational pharmaceutical company was sentenced to 30 years in prison followed by five years of supervised release yesterday for his role in a $100 million scheme to defraud Westernbank of Puerto Rico. The losses triggered a series of events leading to Westernbank’s insolvency […]
The Financial Oversight and Management Board for Puerto Rico has filed a lawsuit against the Gov. Ricardo Rosselló, and the Puerto Rico Fiscal Agency and Financial Advisory Authority in the U.S. District Court for Puerto Rico to prevent the government from enforcing Law 29 and to compel it to comply with the Puerto Rico Oversight, […]
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