Rosselló signs sweeping P.R. Climate Change Act
May 24, 2019
Gov. Ricardo Rosselló signed the Puerto Rico Climate Change Mitigation, Adaption and Resiliency Act, which establishes clear goals, metrics and deadlines to comply and address climate change. “Climate change is real, and it is the biggest threat to our way of life. This is the issue of our generation — the time for discussion is […]
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U.S. Senators submit bill to guarantee robust disclosure requirements
May 24, 2019
U.S. Senators Bob Menendez (D-N.J.), Marco Rubio (R-Fla.), Richard Blumenthal (D-Conn.) and John Kennedy (R-La.) introduced the Puerto Rico Recovery Accuracy in Disclosures Act of 2019 (PRRADA, for short.) The bipartisan legislation would provide robust disclosure requirements to all of the Financial Oversight and Management Board for Puerto Rico’s advisers and consultants, closing a loophole […]
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El Yunque National Forest recreation areas ‘being filled to capacity’
May 24, 2019
The U.S. Forest Service is gearing up for a busy summer visitation season with the arrival of the Memorial Day weekend as El Yunque National Forest continues to recover after hurricane impacts. While the Forest Service has been able to re-open access along most roads in El Yunque, only about 40% of the recreation areas, […]
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Mennonite Healthcare System to run Culebra’s new $2M emergency room, health clinic
May 23, 2019
The Mennonite Health System has taken over the administration of the new health care center and emergency room, as well as the Diagnostic and Treatment Center recently built through a $2 million private-sector donation on the island municipality of Culebra. Culebra has some 1,800 residents and receives more than 8,000 tourists on busy weekends and […]
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AFICA issues $21.6M bonds to finance Inter American University project
May 23, 2019
The Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities Financing Authority (known as AFICA for its initials in Spanish) issued $21.6 million in new AFICA bonds to finance the construction and development of a new student housing complex, parking facility, and related facilities at the Inter American University’s San Juan campus. Puerto Rico […]
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Metropistas issues $120M in investment grade bonds to refinance debt
May 23, 2019
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 […]
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P.R. dominates Airbnb ‘Top 10 Summer Trending Destinations’ list
May 22, 2019
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 […]
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Dept. of Homeland Security actively scouting for IT providers, interns in P.R.
May 22, 2019
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 […]
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Construction of $107M Dorado Beach Health hospital underway for ’21 opening
May 21, 2019
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 […]
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DMO Discover Puerto Rico forecasts growth for rest of ’19
May 20, 2019
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 […]
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Microsoft Security Intelligence Report sheds light on cybersecurity risk in the Americas
May 20, 2019
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 […]
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Coco’s-at-the-Yacht Club celebrates Palmas del Mar community’s comeback
May 20, 2019
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 […]
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Welcome to your Calendar of Events, brought to you by News is my Business!
May 19, 2019
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 — […]
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SME study reveals that 1M+ people shop online in and outside P.R.
May 17, 2019
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 […]
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Bravo commits $100M to Bravo Family Foundation to continue helping P.R.
May 17, 2019
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 — […]
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