Open Spaces denounces ‘use and abuse’ of gov’t power
July 17, 2019
Nonprofit Organization Open Space warned that messages in the chat in which Gov. Ricardo Rosselló and others participated in could constitute serious ethical and legal violations through a conspiracy to limit citizen rights to demand transparency and accountability the government. During a sit-down with the media, Open Spaces Executive Director Cecille Blondet said the chat […]
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NY Fed to launch ‘Investment Connection’ program in P.R. this fall
July 17, 2019
The New York Fed announced it is launching its “Investment Connection” program to boost investments in regional community development financing. The program’s first phase will begin in Fall 2019 in Puerto Rico, where the New York Fed is working to rebuild the island’s economic resiliency in the aftermath of Hurricane María. The program will help […]
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New car sales show 6.3% increase in June, vs. same month in ’18, GUIA says
July 17, 2019
The United Automobile Importers Group announced that a total of 10,200 new cars were sold in Puerto Rico last month, representing a 6.3% increase vs. the 9,596 units sold during the same month in June 2018. GUIA, as the trade group is known by its initials in Spanish, said the increase so far this year […]
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Private Sector Coalition blasts corruption, demands ‘corrective action’
July 15, 2019
Business leaders from the Puerto Rico Private Sector Coalition condemned the arrests of former government officials and collaborators and requested an immediate corrective plan action. For Coalition members, the fact that it is not the first time that a government in power is the subject of corruption accusations, makes it more pressing to take different […]
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Builders, Farm Bureau condemn acts of government corruption
July 15, 2019
The Puerto Rico Builders Association and the Puerto Rico Farm Bureau, two professional organizations representing thousands of local members, voiced their rejection of recently uncovered acts of government corruption, which has “tainted the island’s reputation. In a statement the Builders Association, through its President Emilio Colón-Zavala, said “Puerto Rico and its institutions, both in the […]
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Millenials in P.R., Mississippi have lowest credit card debt, study shows
July 12, 2019
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 […]
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EPA chief visits P.R. to review recovery initiatives post-’17 hurricanes
July 12, 2019
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 […]
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New coach bus service launches today connecting Caguas and San Juan
July 11, 2019
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 […]
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P.R. Convention Center district officials update on $112M in projects underway
July 11, 2019
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 […]
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USDA approves $600M in new Nutrition Assistance Program funds for P.R.
July 11, 2019
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, […]
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U.S. Congress introduces $14B Medicaid parity bill for P.R., U.S. territories
July 11, 2019
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 […]
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Ferry rates for trips between Puerto Rico-Vieques-Culebra will increase with privatization
July 10, 2019
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 […]
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Study shows ’17 was second-costliest year for insured, uninsured losses
July 10, 2019
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 […]
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Maritime Transportation Authority picks proponent for Ceiba-Vieques-Culebra route
July 9, 2019
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 […]
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P.R. Aqueduct and Sewer Authority opens bids for new $21.4M central lab
July 9, 2019
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 […]
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