Caguas Ambulatory Surgical Center, a multiple-specialty ambulatory surgical center in Caguas, will begin operating next month after a $16 million investment, company executives said. Caguas Ambulatory will offer ambulatory surgical procedures in the specialties of Orthopedics, Urology, Ophthalmology, Otorhinolaryngology, and Hand Surgery, among others. This type of facility offers more cost-efficient services and facilitates access […]
OFG Bancorp’s subsidiary Oriental Bank will acquire Scotiabank’s Puerto Rico operation for $550 million and its U.S. Virgin Island branch operation for $10 million. Scotiabank’s Puerto Rico and USVI operations will be merged into Oriental Bank and its related businesses. The acquisition is subject to customary regulatory approvals, which will likely take about six months […]
Florida-based gourmet burger chain BurgerFi announced it will open six new stores across the island and create more than 200 jobs over the next five years. The six Puerto Rico locations will be owned and operated by franchisee Phillip Faigenblat, an entrepreneur who owns 14 Denny’s franchises in on the island. Faigenblat recognized the need […]
CAMBIO, a local nonprofit, and the Institute for Energy Economics and Financial Analysis (IEEFA) expressed their dissatisfaction at the San Juan Superior Court about the limited amount of public information they have received from the Puerto Rico Electric Power Authority. In response, Judge Anthony Cuevas-Ramos, who is presiding over the case has summoned the parties […]
Puerto Rico’s Consumer Price Index remained virtually flat in May 2019, increasing 0.2% compared to April 2019, according to data released by the Puerto Rico Institute of Statistics. Meanwhile, from May 2018 to May 2019 the General Price Index increased by 0.5%, the data showed. Furthermore, the purchasing power of the consumer dollar dropped to […]
The government of Puerto Rico, the Central Office of Recovery, Reconstruction and Resilience, or COR3, and the Federal Emergency Management Agency have established a Consolidated Resource Center on the island to help move recovery forward, the federal agency announced. A Consolidated Resource Center, known as a CRC, was established on June 3 to streamline the […]
Facebook and online technology training school Platzi announced that 1,000 scholarships will be awarded to residents of Brazil and Spanish-speaking countries in Latin America to contribute to the region’s talent development and economic growth. The scholarships consist of a 21-week course at Platzi and the end of the course, participants will receive certification as front-end […]
The San Juan Marriott Resort and Stellaris Casino has major plans in the pipeline, starting with an $80 million renovation of the 404 rooms in its main tower. Joaquín Cruz, marketing manager of the beachfront property in the Condado sector of San Juan, said the project is set to begin in August and should be […]
In the current business ecosystem, adopting digital transformation creates new and unforeseen risks for companies. Facing this reality, Aon plc, a company dedicated to professional services in risk management, retirement and health, emphasized the most significant risks that organizations may face at present and the importance of taking the appropriate cyber security measures. “Since 2015, […]
The Aurora Angel Network announced it has invested an undisclosed amount in local fashion tech startup Guilty, Puerto Rico’s first subscription-based fashion service. Leveraging the growing sharing economy ecosystem and a proprietary platform, Guilty allows its clients the ability to constantly refresh their wardrobe, pulling from hundreds of items in their own virtual closet for […]
Vireo Health International Inc., a physician-led, science-focused multi-state cannabis company, announced the acquisition of medical cannabis licenses in Puerto Rico. The acquisition is comprised of pre-approvals for licenses to cultivate, process, and sell cannabis products and operate up to six dispensaries. Vireo has leased a 40,000 square-foot former Pfizer facility in the Cruce Dávila Business […]
Gov. Ricardo Rosselló signed Senate Bill 840, which will establish the public policy for the so-called “sharing economy,” which is defined as the collaborative consumption where consumers rent goods and services among themselves. “This advanced law allows Puerto Rico to have a procedural framework to respond to the local sharing economy quickly, consistently and transparently,” […]
Liberty Business, the business market division of Liberty Puerto Rico, announced the completion of its integration with C&W Business Puerto Rico. As a result, the company is in a stronger position to provide end-to-end IT and telecommunications solutions aimed at mid and large companies, said Antonio Llona, vice president of Liberty Business, in an interview […]
The U.S. House of Representatives has approved an amendment authored by Rep. Nydia M. Velázquez (D-NY) aimed at advancing the cleanup of the Martín Peña Channel, a 3.7-mile stretch in San Juan that has long been plagued with environmental problems. “The people of the Martín Peña Channel are suffering tremendous public health problems through their […]
Destination Marketing Organization Discover Puerto Rico announced that local golf courses and resorts have reported “substantial growth in rounds and revenue” during the first four months of 2019, versus the same period in 2018. Wyndham Grand Rio Mar Golf & Beach Resort’s country club — which includes two Troon-managed courses — reported a 128% revenue […]
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