Community distrusts gov’t call for Community Summit
March 5, 2019
By Joel Cintrón Arbasetti | Center for Investigative Journalism Gov. Ricardo Rosselló’s administration is managing a Community Summit that will take place on March 9 at the Convention Center. “I am aware that the Summit is going to take place, but they have not invited me,” Orlando Serrano, community worker from the Salud neighborhood in […]
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New $5.5M medical and dining facilities under construction at Base Muñiz
March 5, 2019
The Base Muñiz Air National Guard Base in Carolina is close to completing the $5.5 million reconstruction of its medical and dining facilities, the military body announced. “One of our priorities with for the Puerto Rico Air National Guard is to ensure Airmen have the best facilities and working environments,” said Adjutant General of Puerto […]
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AON: Medical plans costs could be 3 times higher than general inflation of ’19
March 4, 2019
Employer-sponsored medical plan expenses could increase almost 8 percent worldwide this year, far exceeding the average general inflation of almost 3 percent, according to the “Global Medical Trends Rate Report 2019” released by professional services company Aon. It is estimated that the average increase in medical and pharmaceutical expenses for health plans during 2019, offered […]
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Marnie Ferrer joins News is my Business as digital advertising advisor
March 4, 2019
Marnie Ferrer, a seasoned sales and marketing executive, is joining the News is my Business team as digital advertising advisor, bringing with her more than 25 years of experience in the field. Ferrer’s professional track record includes working in sales and marketing for media outlets as well as the private sector. Her experience includes positions […]
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PRiMEX starts free business resiliency planning program
March 4, 2019
With support from the Economic Development Administration, the Puerto Rico Manufacturing Extension nonprofit launched the Business Resilience and Continuity program through which 350 manufacturing companies on the island will benefit from creating and having a business continuity plan. The project was achieved through an allocation of funds that PRiMEX requested and obtained from the EDA, […]
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Metropistas issues $181M in bonds to optimize capital structure
March 1, 2019
Autopistas Metropolitanas de Puerto Rico (metropistas) announced the closing of a $181 million bond issuance to partially refinance a portion of its short-term debt, in what constitutes one of the first bond issuances in the Puerto Rican infrastructure industry since the beginning of the economic recession and the devastation that left hurricane María. The bond […]
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Foundation for P.R. launches talks between nonprofits, gov’t agencies
March 1, 2019
Foundation for Puerto Rico has begun heading the meetings of focus sectors with members of the Whole Community Resilience Program, to define the databases and indicators needed to assess vulnerability in the communities, the nonprofit announced. These collaborative sessions will help examine the needs of all communities in Puerto Rico, with a comprehensive perspective of […]
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Gov’t selling another property, World Plaza Building in Hato Rey, for $28M
February 28, 2019
The iconic 22-story World Plaza building in Hato Rey is up for sale, with an initial asking price of $28 million, this media outlet confirmed. The property belongs to the Infrastructure Financing Authority, a government entity that picked up the asset from the Federal Deposit Insurance Co. in 2014, four years after former owner Westernbank […]
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Xavira Neggers-Crescioni, friend, colleague, incisive journalist, passes away
February 27, 2019
By Michelle Kantrow-Vázquez Xavira Neggers-Crescioni, who had nearly three decades of experience as a business reporter in Puerto Rico,passed away over the weekend. She was 51. Her unexpected death has left her friends and colleagues with heavy hearts. On a personal level, aside from being one of the most incisive reporters I’ve known, Xavira was […]
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Revitalize P.R.: Island’s disproportionate Medicaid funding is unfair
February 26, 2019
Federal Medicaid funding has a critical role in providing affordable health care to the people of Puerto Rico, especially as the island works towards a sustainable recovery. But the vast difference in how Medicaid funding is calculated for Puerto Rico versus the 50 states is unfair, hurts more than a million American citizens, and prevents […]
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Nonprofits seek to give northeast P.R. residents business development opportunities
February 26, 2019
Citizens residing in the northeast area of Puerto Rico who wish to develop a business idea will have the opportunity to participate in a business incubation program free of charge, as part of an initiative driven by several local nonprofits. The program consists of three cycles — pre-incubation, incubation and certification — begins on Mar. […]
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Evertec reports $20.2M in net income for 4Q18, $86.3M for full year
February 21, 2019
Evertec Inc. announced results for the fourth quarter and full year ended Dec. 31, 2018, reporting net income of $20.2 million and $86.3 million, for the respective periods. During the last quarter of 2018, GAAP Net Income attributable to common shareholders represented or $0.27 per diluted share, compared with $5.8 million or $0.08 per diluted share […]
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$14M Flamboyán Arts Fund opens public grants cycle for ’19
February 21, 2019
The Flamboyán Foundation announced that it has opened the Flamboyán Arts Fund public grant application after the run of Hamilton in Puerto Rico, which raised more than $14 million for the fund. The grant application will close March 31st and awards will be announced in the spring. Details are available on the Flamboyán Foundation website. […]
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Medtronic, Ricky Martin Foundation join to promote education about human trafficking
February 18, 2019
As part of the of human trafficking awareness month, Medtronic Puerto Rico and the Ricky Martin Foundation have joined forces to promote the education about human trafficking on the island. Human trafficking is the second most lucrative crime in the world. About 45.8 million people are victims of human trafficking. This crime generates more than […]
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Espacios Abiertos questions work of gov’t contractor CGI Technologies
February 15, 2019
Nonprofit organization Espacios Abiertos recently evaluated the government’s transparency portal prepared by contractor CGI Technologies, and concluded it falls short of complying with more than half of criteria set forth by Transparency International to avoid corruption in post-disaster recovery processes. Specifically, Espacios Abiertos draws attention to: the need to provide details for subdivisions within municipalities; […]
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