World Central Kitchen opens call for sustainable farming project grants
August 26, 2019
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. […]
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Report: P.R. lost 2.4% of its population in ’17, when 77K people left
August 26, 2019
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. […]
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Atlantic Medical Center in Barceloneta installs solar energy grid
August 26, 2019
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 […]
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Intercontinental San Juan hotel undergoing multi-million, top-to-bottom renovation
August 23, 2019
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 […]
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Monarch Alternative Capital, Taconic Capital buy warehouse portfolio in SJ
August 23, 2019
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 […]
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Digital transformation requires businesses to keep up with innovation
August 23, 2019
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 […]
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Discover Puerto Rico on track for ‘record-breaking’ year
August 23, 2019
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 […]
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FCC proposes fines against 3 co.’s that interfered with FAA weather radar in P.R.
August 22, 2019
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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P.R’s banking regulator sees ‘no major obstacle’ to Oriental-Scotiabank merger
August 22, 2019
Puerto Rico’s Office of Financial Institutions Commissioner George Joyner said although the deal is pending regulatory approvals, he sees “no major obstacle” for Oriental’s acquisition of Scotiabank de Puerto Rico’s assets to happen. In an interview on the “En Una Hora” program that airs on 11Q 1140 AM, in which News is my Business participates, […]
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Freedom of the Seas to undergo $116M remodel, debuting March ’20 from SJ
August 22, 2019
A bolder and reimagined Freedom of the Seas cruise ship will set sail from San Juan starting March 2020 after undergoing a $116 million renovation, parent company Royal Caribbean announced. The ship’s makeover will include a redesigned pool area — including the “Perfect Storm” duo of waterslides — an array of restaurants and transformed kids […]
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Gov’t unveils list of allowed commercial activities for P.R.’s Opportunity Zones
August 22, 2019
The Opportunity Zones Priority Projects Committee has established a list of qualified commercial activities by geographical area for the development of priority projects, pursuant to Law 60-2019, as the government revealed. Committee Chair and the government’s CFO, Omar J. Marrero, said this ordinary process is “an important step toward facilitating this investment mechanism and reinforcing […]
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USDA investing $9.3M in 9 renewable energy projects
August 22, 2019
The U.S. Department of Agriculture is awarding additional $9.3 million through the Rural Energy for America Program (REAP) for renewable energy and energy efficiency projects to reduce energy cost for farmers, agricultural producers and rural-based business and institutions. USDA Rural Development State Director for Puerto Rico Josué E. Rivera said the new round of funding […]
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U.S. Dept. of Labor probe recovers $1.4M in back wages for 1,853 P.R. workers
August 21, 2019
Following a U.S. Department of Labor Wage and Hour Division (WHD) investigation, Xperts Inc. — a San Juan-based disaster response contractor — has paid $1,341,829 in back wages to 1,853 employees to resolve violations to several agency regulations. The federal agency announced it found breaches to the McNamara-O’Hara Service Contract Act (SCA), the Contract Work […]
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Resident Commissioner pursues equality in Medicare Part D for P.R.
August 21, 2019
Puerto Rico’s Resident Commissioner in Washington, Jenniffer González introduced the Territories Medicare Prescription Drug Assistance Equality Act, a bipartisan bill to make premium and cost-sharing subsidies available to low-income Medicare Part D beneficiaries who live in Puerto Rico and other U.S. territories. Medicare Part D is a voluntary outpatient prescription drug benefit for people with […]
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Ports Authority confirms P3 deal for cruise ship ports to be announced this month
August 21, 2019
The Puerto Rico Ports Authority will announce the companies chosen to enter into a public-private partnership to repair, design run and manage the cruise ship ports in the San Juan bay. Agency Executive Director Anthony Maceira confirmed the information after meeting with shipping agents and members of the of the Puerto Rico Shipowers Association to […]
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