Study: P.R. hospitals show higher readmission, mortality rates vs. U.S. peers
December 3, 2019
Puerto Rico hospitals show, in general, higher readmission and mortality rates than their peers in the U.S. mainland, as well as longer emergency room stays for patient, a study by San Juan-based V2A Consulting firm. In general, Puerto Rico hospitals score lower than the national average in quality metrics, based on reports from the Centers […]
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Mountain Hydroelectric Co-op qualified to submit RFP for P3 project
November 29, 2019
The Mountain Hydroelectric Co-op received a notice from the Public-Private Partnerships Authority confirming that its Hidroenergía Renace consortium will be able to submit a Request of Proposal to manage and rehabilitate the hydroelectric plants in the Lagos Dos Bocas and Caonillas lakes. On July 1, the Mountain Hydroelectric Co-op submitted the Declaration of Qualification to […]
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Evertec partners with ‘GivingTuesdayPR’ by easing digital payments to nonprofits
November 27, 2019
Evertec announced its partnership with #GivingTuesdayPR by working with the more than 1.3 million users so they contribute and support nonprofits in their fundraising event. GivingTuesdayPR is part of a global effort to raise awareness about the work these organizations do in Puerto Rico In its third year on the island, #GivingTuesdayPR once again joins […]
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CPAs warn about implications of ‘last-minute’ Tax Reform amendments
November 25, 2019
The Puerto Rico Society of CPAs warned over the weekend about the implications of certain technical amendments approved in the Tax Reform during the legislative session ended last week, which were introduced at the last minute and without having been discussed in public hearings. David González-Montalvo, president of the CPAs, said “many of the amendments […]
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Queremos Sol coalition calls for decentralized, renewables-based energy plan for P.R.
November 21, 2019
A report released by Queremos Sol, a coalition of nonprofits, based on data from the Puerto Rico Electric Power Authority concluded that, with new distributed generation technology such as rooftop renewables, and increased energy efficiency, Puerto Rico could save millions of dollars. Instead, the utility has proposed investing over the next 20 years in maintaining […]
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Tropizen signs agreement to launch cannabis hot sauce, gummies in U.S.
November 21, 2019
Tropizen, a licensed local cultivator and manufacturer of medical cannabis products, has signed an exclusive licensing agreement that will allow it to sell its locally manufactured Tropizen Pique hot sauce and Tropizen Real Fruit Gummies in six states, starting with Maryland. “We’re thrilled to become the first industry player to launch our Puerto Rico-based products […]
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FIDEVI trust grants $102K for rehabilitation projects
November 21, 2019
The Puerto Rico Housing and Human Development Trust (FIDEVI, for its initials in Spanish) announced the granting of $102,000 in funds for rehabilitation and reconstruction projects to various nonprofit entities that address affordable and accessible housing needs for vulnerable and very low-income populations. The funds awarded will be allocated to three projects initially, including: Worthy […]
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X-Square Capital launches 1st mutual fund in P.R. registered with SEC
November 14, 2019
X-Square Capital announced the launch of its latest investment instrument, X-Square Balanced Fund, the first mutual fund in Puerto Rico registered with the Securities and Exchange Commission. The main objective of the X-Square Balanced Fund is to provide investors from Puerto Rico a long-term balanced investment alternative that seeks conservation of capital, current income and […]
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Puerto Rico Live to host discussions by global influential leaders
November 14, 2019
Puerto Rico will soon host some of the most influential names in policy making, media, business, arts and technology as part of an effort to enhance the connection between Puerto Rico and the world. Puerto Rico Live is a new platform that will present these important moderated, on-stage discussions aimed to inform and entertain our […]
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P.R. gets failing grades for key infrastructure conditions
November 13, 2019
The 2019 Report Card for Puerto Rico’s Infrastructure released for the first time by the Puerto Rico Chapter of the American Society of Civil Engineers, giving eight categories of infrastructure an overall grade of a D-. Energy received the lowest grade of “F,” meaning the system’s infrastructure is in unacceptable condition and has widespread advanced […]
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Industry study shows P.R. home prices spike in 5 large towns
November 13, 2019
The price of homes in the towns of Dorado, Humacao, Ponce, Aguadilla, and Isabela are going up and, in some cases, are even surpassing pre-Hurricane María levels, according to a study by Point2 Homes, a firm that covers real estate market trends and news. Although Puerto Rico’s economy is still in the mire, the island’s […]
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Ideas to Product development grant program has $200K for local projects
November 12, 2019
The Puerto Rico Science, Technology and Research Trust announced a new funding opportunity through its Technology Transfer Accelerator Hub program, aimed at supporting pilot projects to advance life science innovations by quickly and clearly demonstrating whether a technology or product is worthy of moving through the commercialization process. For this first year a total […]
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Triple-S Propiedad has paid $692M in Hurricane María-related claims
November 11, 2019
Triple-S Propiedad has paid a total of $692 million in claims related to Hurricane María in the past two years for a total number of claims of 17,746. It has closed approximately 96% of those claims, while 709 remain open, company CEO Roberto García-Rodríguez confirmed as part of the release of its third quarter results. […]
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Google Arts & Culture teams up with Lin-Manuel Miranda to digitize P.R.’s heritage
November 8, 2019
In a new initiative, Google Arts & Culture has teamed up with Lin-Manuel Miranda and Luis Miranda Jr. and a network of museums in Puerto Rico to bring the island’s artworks together online for the first time. More than 350 artworks have been posted online, with dozens captured in ultra-high resolution by Google Arts & […]
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Oriental grants $1.5M loan for new multi-use complex
November 4, 2019
As part of its commitment to small- and medium-sized business, Oriental confirmed it has granted a $1.5 million loan Eventiu Corp. for the development of the SportLand Center multipurpose complex. SportLand Center will be the first and only indoor multi-purpose sports complex with air conditioning in Puerto Rico, company officials said. It will feature four […]
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