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Puerto Rico’s “Golden Mile” banking district is home to institutions such as Popular, FirstBank and OFG Bancorp. (Credit: Eduardo San Miguel)
Economy, Featured
Puerto Rico stocks up 15% as investors bet on financial, fintech strength
NIMB Staff July 7, 2025

Despite continued contraction in economic activity, local market optimism rises on bank earnings, digital infrastructure growth. #NewsismyBusiness

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Staff assist customers at the new Carwiz Rent a Car location on Isla Verde Avenue in Carolina. (Credit: Carwiz Rent a Car's Facebook page.)
Featured, Tourism/Transportation
Carwiz Rent a Car enters Puerto Rico market with new franchisee
NIMB Staff July 7, 2025

Go Rent a Car becomes Carwiz’s first Caribbean franchisee, expanding its global network to 57 countries. #NewsismyBusiness

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Featured, General Biz News
Federal court dismisses banking dispute over lack of jurisdiction
NIMB Staff July 7, 2025

Plaintiffs claimed violations tied to mortgage note under Puerto Rico law. #NewsismyBusiness

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Cocoa consumption reaches up to 5 million metric tons annually, with Western Europe consuming nearly 40% and North America among the top markets, according to the International Cocoa Organization.
Agriculture, Featured
Chocolate Cortés marks ‘World Cocoa Day’ honoring local cacao industry
NIMB Staff July 4, 2025

Company celebrates cacao’s cultural and economic impact as centennial nears. #NewsismyBusiness

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Puerto Rican companies exhibit gourmet products at the 2025 Summer Fancy Food Show in New York, one of the world’s leading specialty food trade events.
Featured, General Biz News
Puerto Rico brands promoted at Fancy Food Show in New York
NIMB Staff July 4, 2025

Ten companies showcased local gourmet products and export potential under DDEC sponsorship. #NewsismyBusiness

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The recycled resin will be processed at Pac Tech’s new “Renacer” plant in the Dominican Republic, the region’s first facility dedicated to food-grade plastic recycling.
Environment, Featured
Pac Tech unveils packaging with 25% recycled resin, creating 500 new jobs
NIMB Staff July 4, 2025

Partnership with Reciclaje del Norte positions company as regional sustainability leader. #NewsismyBusiness

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Businessman John Paulson and Puerto Rico Gov. Jenniffer González overlook the beach and iconic seashell-shaped structure at La Concha Resort in San Juan.
Featured, Tourism/Transportation
La Concha Resort joins Marriott’s Autograph Collection after $80.2M reno
Michelle Kantrow-Vázquez July 3, 2025

San Juan’s iconic oceanfront resort joins Marriott Bonvoy’s dynamic collection of independent hotels championing individuality. #NewsismyBusiness

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Airbnb reaffirmed support for clear short-term rental regulations as the number of occasional hosts in Puerto Rico continues to grow. (Credit: Tyler Oneill | Dreamstime.com)
Featured, Tourism/Transportation
Airbnb sees 10% growth in occasional hosts across Puerto Rico in 2024
NIMB Staff July 3, 2025

Platform highlights rise in part-time listings as flexible income source for locals. #NewsismyBusiness

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Headlands Research adds Puerto Rico to its network to offer sponsors access to more diverse clinical trial populations. (Credit: Alexander Raths | Dreamstime.com)
Featured, General Biz News
Headlands Research acquires San Juan-based CMRCenter to expand trials
NIMB Staff July 3, 2025

Acquisition brings the local operation’s strong performance into global research network. #NewsismyBusiness

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From left, Chuck Page, Liberty vice president of technical operations, and Víctor Vera, engineering director for Puerto Rico and the U.S. Virgin Islands, stand in front of backup batteries at the company’s core platform site in San Juan.
Featured, Telecommunications/Technology
Liberty Puerto Rico deploys low-frequency spectrum to improve coverage
Dennis Costa July 2, 2025

New 600 megahertz band improves indoor coverage and expands its mobile network. #NewsismyBusiness

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GE Vernova says its LM2500XPRESS gas turbine package is 95% factory assembled for faster site installation. (Credit: GE Vernova)
Featured, General Biz News
GE Vernova turbines to deliver 244 MW, boost Puerto Rico grid reliability
NIMB Staff July 2, 2025

Six LM2500XPRESS units ordered to modernize PREPA plants in Daguao, Jobos and Yabucoa. #NewsismyBusiness

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Puerto Rico’s $52.9 billion public debt as of June 30, 2022, included $32.5 billion in primary government debt and $20.4 billion from component units, led by the Puerto Rico Electric Power Authority. (Source: GAO-25-107560)
Featured, Government
GAO finds $1.9B Puerto Rico surplus, warns of unresolved PREPA debt
NIMB Staff July 1, 2025

While Puerto Rico strengthens its financial position, pending electric utility restructuring and population loss remain key threats to long-term stability. #NewsismyBusiness

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The site was originally approved for a 192-unit development called Playa Bahía. (Credit: Christiansen Commercial)
Featured, General Biz News
Loíza beachfront site with 60 apartments listed for $3.5M redevelopment
NIMB Staff July 1, 2025

Partially built Playa Bahía project offers opportunity in housing and tourism. #NewsismyBusiness

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Cooking with my Doctor products are now available at El Market stores inside Luis Muñoz Marín International Airport
Featured, Retail
Cooking with my Doctor lands airport deal, expands to US Walmart stores
NIMB Staff July 1, 2025

The company unveiled three new additions to its “Pónselo a” seasoning line at the 2025 MIDA Conference and Food Show. #NewsismyBusiness

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The Royal Sonesta San Juan in Isla Verde. (Credit: Magui Yeraldín Díaz/Google)
Featured, Tourism/Transportation
Royal Sonesta posts double-digit growth driven by service, location
Michelle Kantrow-Vázquez June 30, 2025

General Manager Raúl Bustamante highlights three-year performance streak and tourism boost from Bad Bunny concerts. #NewsismyBusiness

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QUOTE OF THE WEEK:

“Trust is the main ingredient for business. So instead of telling your employees that AI is coming after you’ve made the decision and have a plan for implementation, you should involve them during conception and evaluation. That way, you can address their questions, fears and concerns from the start.”

 

— Paulo Preciado, executive advisor partner for the Caribbean and Central America, Great Place to Work

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