Puerto Rican e-commerce platform Giftfully transforms gifting and rewarding
November 3, 2021
In time for the upcoming holiday season, e-commerce platform Giftfully — founded by two Puerto Rican women entrepreneurs — is offering an alternative in gift-giving with more than 100 local experiences available to present as gifts, incentives, or rewards. Nelia Villanueva and Marta Rivera, who made an initial investment of $50,000, head the operation that […]
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EDB’s Economic Activity Index shows 3.3% YoY growth in August
November 2, 2021
The Puerto Rico Economic Development Bank’s Economic Activity Index reflected a year-on-year increase of 3.3% for last August, which represents the sixth increase after 12 consecutive reductions, the agency confirmed. Compared to July, the same indicator reflected a slight improvement, an increase of 0.2%. “While it’s true that these are positive indicators, we’re also monitoring […]
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IGT PlaySports partners with The Stadium LLC to expand in Puerto Rico
November 2, 2021
International Game Technology PLC announced it has expanded its sports betting market footprint in Puerto Rico via a multi-year technology and services agreement with The Stadium LLC. The Stadium LLC owns and operates WinIn, a Puerto-Rico based entertainment company that has partnerships with eSports companies and the Liga de Béisbol Profesional Roberto Clemente baseball league that plans […]
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DNER transfers oversight of public beaches, recreational areas to 4 towns
November 2, 2021
The Department of Natural and Environmental Resources (DNER, in Spanish) has signed collaboration agreements with the municipalities of Humacao, Manatí, Toa Baja and Vieques so that each of the mayors can manage and improve the government-run public beaches and recreational areas. Most of the agreements are on an initial four-to-five-year term, renewable for up to […]
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Puerto Rico Senate rejects solar taxes to repay PREPA’s debt
November 1, 2021
The Puerto Rico Senate approved a resolution to order the Strategic Projects and Energy Committee to carry out an investigative process to identify alternatives to repay the Puerto Rico Electric Power Authority’s (PREPA) debt — which do not include solar taxes — and are in compliance with Act 17-2019, known as the Puerto Rico Energy […]
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Evertec awards 170+ scholarships totaling $185K
October 29, 2021
Evertec announced it has awarded more than 170 scholarships to university students in Puerto Rico and throughout Latin America in connection with the 7th edition of its Scholarship Program. The company granted more than $185,000 maintaining, for its second consecutive year, equal participation of men and women. The company, in alliance with leaders in the […]
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7 LatAm bars will come together for special mixology event at La Factoría
October 29, 2021
Driven by “the spirit and passion for mixology,” Latin American bars La Factoría (Puerto Rico), Hanky Panky (México), 3 Monos (Argentina) aMano (Panamá), Bebedero (Costa Rica), and Alquímico (Colombia) will join in the Enjoy LATAM event, from Nov. 11-14, in which guests will be able to taste the signature cocktails of each bar. “We’re excited […]
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Milk Producers Co-op says Indulac has ‘made progress’ in past 5 years
October 29, 2021
Five years after buying 100% of the shares of the Industrias Lecheras de Puerto Rico (Indulac, in Spanish) processing plant, the Milk Producers Co-op (COOPPLE, in Spanish) has achieved market growth, fulfilled its obligations, improved the performance of Puerto Rico’s dairy cows and made profits to distribute among its partners in the sector, executives announced. […]
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Puerto Rico Bankers Association adds 3 new financial institutions
October 28, 2021
Banco Cooperativo de Puerto Rico, Banesco and the Federal Home Loan Bank of New York have joined the Puerto Rico Bankers Association, joining commercial banks Banco Popular de Puerto Rico, Citi and Firstbank, which are already part of the trade group. “For the Puerto Rico Bankers Association, it’s a great to be able to count […]
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FV Bank set to launch cryptocurrency-linked Visa card programs
October 28, 2021
San Juan-based FV Bank, which has a digital asset custody license from the Office of the Commissioner of Financial Institutions (OCIF, in Spanish), announced it has been approved as a principal member of Visa. With that certification, FV Bank is now both a full-service bank offering both traditional banking services and digital asset custody, as […]
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Puerto Rico telecom official named to FirstNet Authority board
October 27, 2021
Alexandra Fernández-Navarro, current commissioner of the Puerto Rico Public Service Regulatory Board, has been named by the US Secretary of Commerce to serve on the Board of the First Responder Network Authority. The FirstNet Authority has 12 non-permanent members selected by the Department of Commerce and three permanent seats occupied by the US Attorney General, the […]
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PRITS announces creation of new Digital Accessibility Committee
October 27, 2021
The Puerto Rico Innovation and Technology Services (PRITS) office announced the creation of the Digital Accessibility Committee, as part of their initiatives to give priority to the needs of the community of people with visual and hearing disabilities. The committee is made up of community members with disabilities, as well as staff from the Ombudsman […]
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Grupo Guayacán opens EnterPRize 2021 Judging Session to the public
October 27, 2021
The 16th edition of the EnterPRize business competition is in its homestretch, and for the first time, the public will be able to witness the companies’ final presentations and vote for their favorite team for the special award “Sembrando el Futuro.” This award is one of many prizes that will be granted on Dec. […]
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WestJet to return to Puerto Rico after COVID-19 hiatus
October 26, 2021
Canadian airline WestJet announced it will be returning to Puerto Rico during the upcoming winter season, with a once-weekly flight between the Luis Muñoz Marín International Airport (LMM) and the city of Toronto. Service is slated to begin Dec. 18, the company confirmed. Puerto Rico is one of 95 destinations that the carrier will fly […]
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SBA, Western Puerto Rico Chamber of Commerce to benefit businesses
October 26, 2021
The US Small Business Administration Puerto Rico & US Virgin Islands District Office entered a formal partnership with Western Puerto Rico Chamber of Commerce Inc. to foster an economic climate favorable to the development of small businesses and entrepreneurs. By signing a Strategic Alliance Memorandum, the SBA and the Western PR Chamber will present information and […]
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