P.R.’s Consumer Price Index remains flat, while value of the dollar drops
June 26, 2019
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 […]
chat_bubble0 Comment
visibility1403 Views
FEMA opens new consolidated resource center in P.R.
June 25, 2019
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 […]
chat_bubble0 Comment
visibility3314 Views
Facebook, Platzi to grant 1K programming scholarships in LatAm
June 25, 2019
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 […]
chat_bubble0 Comment
visibility1451 Views
SJ Marriott Resort and Stellaris Casino to invest $80M to renovate 404 rooms
June 24, 2019
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 […]
chat_bubble0 Comment
visibility2951 Views
AON highlights value of intangible assets in companies
June 24, 2019
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, […]
chat_bubble0 Comment
visibility1789 Views
Aurora Angel Network invests in Guilty, a local fashion tech startup
June 21, 2019
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 […]
chat_bubble0 Comment
visibility2001 Views
Vireo Health to open 6 medicinal cannabis clinics in PR, cultivation and processing facility
June 21, 2019
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 […]
chat_bubble0 Comment
visibility2376 Views
Rosselló signs law to establish public policy for ‘sharing economy’
June 21, 2019
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,” […]
chat_bubble0 Comment
visibility1358 Views
Liberty Business absorbs Cable & Wireless operations to boost enterprise tech solutions
June 20, 2019
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 […]
chat_bubble0 Comment
visibility2757 Views
U.S. House approves Velázquez amendment on Martín Peña Channel cleanup
June 20, 2019
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 […]
chat_bubble0 Comment
visibility1507 Views
Discover Puerto Rico says island’s golf courses reporting growth
June 19, 2019
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 […]
chat_bubble0 Comment
visibility2031 Views
Inter American University breaks ground on new student housing complex
June 19, 2019
The Inter American University officially broke ground on its new $36.9 million student housing complex, which it will include in its internationalization plan of recruiting students from other countries to offer the opportunity of cultural and social exchange. The new residence hall to be located at the college’s San Juan metro campus, will address the […]
chat_bubble0 Comment
visibility2028 Views
Mujer Innova-Agribusiness edition underway to further sector’s recovery
June 19, 2019
Innovation and entrepreneurship platform INprende will co-host an event for women-owned agribusinesses and female farmers as part of a subsidies program created by the American Red Cross in collaboration with the Puerto Rico Science, Technology and Research Trust. The call to participate in the program was opened during the “Women Innovating in Agriculture” event. Applications […]
chat_bubble0 Comment
visibility1615 Views
Sartorius inaugurates $130M expansion of its Yauco facilities
June 19, 2019
German company Sartorius inaugurated the expansion of its manufacturing facilities in Yauco, following an investment of $130 million, and the creation and retention of 895 jobs. “In mid-2018, we announced an increased commitment by Sartorius to expand the company to double its production, despite the difficult situations that we’re facing in Puerto Rico after the […]
chat_bubble0 Comment
visibility2877 Views
Barra de Quesos, specialty cheese eatery, tapas bar to open in San Juan
June 18, 2019
Puerto Rico’s first specialty cheese eatery and tapas bar, Barra de Quesos will open this week in the Miramar sector of San Juan, after a $250,000 investment. Owner Lila Avalo, who is a chemical engineer and life-long cheese enthusiast, said the new 1,700 square-foot restaurant will create 15 direct and about 40 indirect jobs. In […]
chat_bubble1 Comment
visibility2264 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA