Autopistas Metropolitanas de Puerto Rico (metropistas) announced the closing of a $120 million bond issuance to refinance a portion of its debt, in what constitutes the company’s second successful placement in the market in three months and one of the few bond issuances in the Puerto Rican infrastructure industry since the beginning of the economic […]
The dog days of summer are soon approaching, and with them come the throngs of travelers in search of adventure, rest and relaxation in lands near and far. This summer, Puerto Rico dominates Airbnb’s top-ten global trending destinations list, securing three spots, with Dorado, Vieques and Rio Grande each recording a more than 400% increase […]
If there has ever been a time for Puerto Rico’s small businesses to take their shot at becoming a provider of goods and services to the U.S. Department of Homeland Security, that time is now. In an exclusive interview with News is my Business, Soraya Correa, chief procurement officer of the mammoth agency — and […]
The developers of the future Dorado Beach Health, a $107 million hospital facility that will raise the standard of care on the island and increase its potential to become the center of medical tourism in the region, announced the start of the construction. The property should open its doors in 2021 and will feature a […]
While there has been a shift in visitors from hotels to independent rentals, Discover Puerto Rico forecasts for hotel occupancy in the third and fourth quarters of 2019 show a 16% increase in demand from the prior year, the Destination Marketing Organization’s CEO Brad Dean said. According to Discover Puerto Rico’s numbers, there were some […]
Following the release of Microsoft’s 24th edition Microsoft Intelligence Security Report (SIR), the company dives into regional insights revealing Puerto Rico security risk is lower than global averages. This year’s edition of the report includes an overview of the security landscape, lessons learned from the field, and cyber security best practices to better protect consumers, partners and customers. The recently […]
By Christine RussoSpecial to News is my Business While Puerto Rico continues to deal with the aftermath of Hurricane María, a pair of entrepreneurs are determined to bring together community through their commitment to making people happy. Palmas Del Mar had been hit particularly hard by María as it is located in Humacao – where […]
After many, MANY years of juggling conflicting events — press conferences, roundtables, ribbon-cuttings all on the same day, at the same time! — News is my Business has created a public Calendar of Events to help our readers organize their activities, for everybody to see! This public calendar seeks to help you, our readers — […]
One million people in Puerto Rico shop online, from establishments on and off Puerto Rico, according to the 2019 Digital & Mobile Behavioral Study by the Puerto Rico Sales and Marketing Executives Association. “Conservatively, the estimated amount of spending on online purchases already amounts to $220 million annually and it is important to note that […]
Orlando Bravo, managing partner of private equity firm Thoma Bravo and founder of the Bravo Family Foundation, announced he will personally contribute $100 million to his foundation to promote entrepreneurship and economic development in Puerto Rico, where Bravo was raised, and his family still lives. Bravo will leverage his financial resources and professional relationships — […]
The Institute for Energy Economics and Financial Analysis and CAMBIO, a Puerto Rico-based environmental nonprofit organization, filed a mandamus action in San Juan Superior Court to obtain information about the Puerto Rico Electric Power Authority’s system and ongoing privatization process. “Very little information has been provided about the underlying studies or plans related to the […]
A lawsuit was filed in the New York District Court to demand information about the files related to the process of appointing the members of the Oversight Board, specifically the documents related to ethical conflicts and the financial disclosures that were required, the Center for Investigative Journalism (CPI) announced. The lawsuit — which also seeks […]
Mortgage foreclosures in Puerto Rico are at critical levels, with great repercussions for Puerto Rican society, contrary to the panorama official figures paint, accordig to an analysis from nonprofit organization Legal Help Puerto Rico. Ariadna Godreau-Aubert, executive director of the non-profit organization, explained that “the crisis does not affect all people alike. People suffer as […]
Park Hotels & Resorts Inc. announced that the Caribe Hilton in San Juan reopened today following a $150 million restoration. The 652-room resort was impaired for 20 months after sustaining significant damage from Hurricane María in September 2017. “We’re thrilled to re-introduce the iconic Caribe Hilton to guests and locals alike,” said Thomas J. Baltimore, […]
By Jeniffer Wiscovitch and Angélica Serrano-RománCenter for Investigative Journalism The new permit regulations approved by Gov. Ricardo Rosselló, which repeals municipal regulations, could be a new minefield between the executive and the mayors, since it seeks to override the Autonomous Municipalities Law. This, despite the fact that the Permit Reform Act of 2009, under which […]
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