Agrohack conference to focus on future of food, medicinal cannabis
March 20, 2019
With the purpose of advancing the agriculture industry through innovation, the most important conference on agricultural innovation and technology will take place on Saturday, April 6, in the Puerto Rico Convention Center, organizers announced. As in previous years, the event will connect, empower and strengthen relationships in and outside the industry to boost its contribution […]
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Workshop slated for Mar. 30 on benefits of cannabis for Alzheimer patients
March 20, 2019
The myriad benefits of cannabis for Alzheimer’s patients will be the subject of a special event for doctors, patients, caregivers and dispensary technicians to be held Mar. 30 at the Doubletree by Hilton Hotel in San Juan. Attending doctors will benefit by receiving two continuing education credit-hours free of charge, as part of the Puerto […]
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FirstBank grants $6.5M in financing to Air-Con Inc.
March 19, 2019
FirstBank recently granted $6.5 million in financing to Air-Con Inc., a distributor of air conditioners and commercial refrigeration, for working capital guaranteed by its inventory and accounts receivables. Air-Con Inc., which has offices in Puerto Rico and the Caribbean, pioneered in introducing energy saving inverter products to Puerto Rico. It also developed its own Air-Con […]
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P.R. to be featured in ‘United Stories’ initiative to promote tourism assets globally
March 19, 2019
As part of an initiative to highlight and support tourism, Discover Puerto Rico, Beautiful Destinations — a global tourism company — and Brand USA, the destination marketing organization for the United States included the island in its new campaign titled “United Stories.” This campaign will encompass an array of experiences that elevate, inspire and spur […]
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Op-Ed: SBA celebrates Women’s History Month by promoting female entrepreneurship
March 19, 2019
In celebration of Women’s History Month, the Small Business Administration salutes women entrepreneurs who have taken risks in pursuit of their passions and who view setbacks or challenges as just another step to achieve something greater. Our agency and regional office, as well as our district offices throughout New York, New Jersey, Puerto Rico and […]
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Caribe Hilton to debut new $150M look when it reopens in May
March 18, 2019
The Caribe Hilton has begun taking reservations for stays beginning May 15th, when it will unveil a more than $150 million restoration — a major milestone as the property celebrates its 70th year of operation and as Hilton marks its 100th anniversary. The iconic beachfront property has been closed since Hurricane María struck Puerto Rico […]
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P.R. gov’t’s low post-María death toll pushed Harvard to continue study
March 18, 2019
By Jeniffer Wiscovitch-Padilla, Center for Investigative Journalism Four days before the results of the “Mortality in Puerto Rico” study were published after Hurricane María, Harvard University reported the findings to the government of Puerto Rico, but was not acknowledged. It was not until “The New York Times” contacted the government to talk about the results […]
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World Central Kitchen opens new round of Plow to Plate grants program in P.R.
March 18, 2019
World Central Kitchen has announced the opening of a new call to apply for financial grants and technical assistance from the organization’s Plow to Plate support platform launched in 2018. The application and submission cycle to request funds and technical training begins March 15 and closes April 15, 2019, the nonprofit said. The program will […]
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MCS Foundation co-sponsors solar system for battered children’s home
March 18, 2019
Children living at El Centro San Agustín del Coquí in Aguas Buenas will now benefit from a new solar energy system sponsored by the MCS Foundation and Empowered by Light of California to ensure the continuity of services, the nonprofits announced. The children residing at the home are victims of abuse and mistreatment and are […]
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GAO report confirms FEMA’s slow response to P.R.’s recovery funding needs
March 15, 2019
A report released Thursday by the U.S. Government Accountability Office confirmed that of the $132 billion that Puerto Rico government officials estimated are needed to rebuild after the 2017 hurricanes, it has only received $4 billion. The Federal Emergency Management Agency —the lead federal agency responsible for assisting Puerto Rico as it recovers — has […]
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P.R.’s new car sales up 13.1% year-over-year in February
March 15, 2019
Puerto Rico’s new car sales reflected a 13.2 percent year-over-year increase in February, the United Automobile Importers Group revealed. The group known as GUIA for its initials in Spanish, represents Puerto Rico’s automotive industry and keeps track of new car sales. February ended with a total of 7,720 units sold in Puerto Rico in contrast […]
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Center for a New Economy, Popular support pre18’s 2nd generation
March 14, 2019
Parallel18 (P18) the global startup accelerator that operates since 2015 as part of the Puerto Rico Science, Technology and Research Trust launched the call for applications for the second generation of pre18, its pre-acceleration program for innovative Puerto Rican companies. This time around, Popular and the Center for a New Economy (CNE), through the Puerto […]
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Executive appointments at Birling Capital, Uber, Cemex
March 14, 2019
High-ranking executives have been appointed recently to positions at Birling Capital, Uber and Cemex, responsible for the Puerto Rico market. Birling Capital appoints CPA Teresita Fuentes as vice chair Francisco Rodríguez-Castro, president of Birling Capital announced the appointment of CPA Teresita Fuentes as vice chair of Birling Capital, member of the executive committee and director […]
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Moody’s: P.R. and its banks will benefit from federal economic analysis
March 13, 2019
The reason for the positive outlook is that Moody’s believes federal estimates of the island’s Gross Domestic Product “will bolster reforms by the island that should encourage unbanked residents to participate in the banking system, thereby spurring loan growth and increasing operating margins.” In its report, Moody’s predicted that the banks that will benefit are […]
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San Juan Mercantile Bank & Trust gets license to operate in P.R.
March 13, 2019
The San Juan Mercantile Exchange Inc. (SJMX) and the San Juan Mercantile Bank & Trust International Corp. (SJMBT) today announced that SJMBT has received its license to operate from the Puerto Rico Office of the Commission of Financial Institutions. The license authorizes SJMBT to operate as an International Financial Entity (IFE) under OCIF’s banking regulations, […]
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