In its ongoing bid to attract capital investment to the island Invest Puerto Rico, announced the launch of Impeller, an online hub for investment opportunities on the island. The proprietary tool provides a growing list of business opportunities for issuers and companies looking to access on- and off-island investment deals, InvestPR CEO Rodrick Miller said. […]
The Department of Labor and Human Resources announced the end of the benefits of temporary assistance programs such as the Pandemic Unemployment Assistance (PUA) and the Pandemic Emergency Unemployment Compensation after disbursing $9.6 billion in Puerto Rico in 18 months. “Today, some 130,000 unemployment and PUA claimants were notified, via email, about the imminent end […]
The Puerto Rico Ports Authority completed rehabilitating the waterproofing system in the passenger terminal of the Mercedita International Airport in Ponce, at a cost of $1.4 million, which was paid for with Federal Emergency Management Agency (FEMA) funds and the agency’s own money. During the passage of Hurricane María in September 2017, the Mercedita Airport […]
The U.S. Environmental Protection Agency (EPA) announced it has taken an enforcement action against two companies, Aurora’s Dream LLC and Bellagio LLC, for stormwater discharge violations of regulations and a permit that serve to reduce pollution from construction runoff. “It is imperative that developers get stormwater permit coverage for construction projects and implement erosion and […]
The Ponce Health Sciences University School of Medicine announced that the Liaison Committee on Medical Education (LCME) — the entity that accredits medical schools in the United States and Canada — approved the expansion of its Doctor of Medicine (MD) program to its campus in St. Louis, MO. This pushes PHSU’s medicine program from 150 […]
The $900 million acquisition of Triple-S Management Corp. by Florida-based Guidewell Mutual Holding Corp. will take the Puerto Rican insurer from a publicly traded to a private company, if the transaction is consummated in 2022. During a news conference with reporters a few hours after announcing the all-cash deal, Triple-S Management CEO Roberto García-Rodríguez said […]
Research-based pharmaceutical company Romark Global Pharma has completed a clinical trial that showed that a tablet it is manufacturing at its Manatí plant can prevent about 80% of hospitalizations caused by COVID-19 in high-risk patients, company CEO Marc Ayers confirmed. “We submitted data to the Food and Drug Administration in April and we’re now waiting […]
Cyber technology runs on the formidable sap of artificial intelligence (AI). This information revolution stems from an early 20th-century scientific premise that machines can think almost the same as humans, provided they are designed with proper artificial neurons. That is, ultrafast microchips that decode machine language. Recently, AI migrated to web marketing to give greater […]
This week’s edition of Climbing the Corporate Ladder features new executive appointments across Puerto Rico’s entertainment, real estate, and automotive industries. Ticketera announces high-ranking appointmentsRicardo Aponte-Yunqué, one of the founding partners of Puerto Rican firm Ticketera, announced the appointments of Eduardo Cajina as Chief Operating Officer and Héctor Agosto as Chief Financial Officer. The professionals […]
Seven multinational groups submitted credentials for $130 million construction project of the new runway at the Rafael Hernández Aguadilla airport, the Puerto Rico Ports Authority confirmed. “This is the most important and most invested Port Authority project in recent history. We are very happy and excited, since one of these seven multinational groups will carry […]
As part of its commitment to the health and well-being of the communities on the island, Walmart Puerto Rico announced that the annual flu shots for the 2021-2022 season, which is about to begin, are now available in its local pharmacies. “Our customers can take advantage of getting vaccinated against influenza when they visit our […]
El Yunque National Forest and a coalition of five nonprofit organizations signed a Memorandum of Understanding (MOU) to collaborate on several projects that facilitate community empowerment, shared stewardship, conservation, and co-management of natural resources, as well as promotion of tourism and economic activity in the northeast region. El Yunque National Forest Supervisor, Keenan Adams, explained […]
Local company Skootel announced that starting Sept. 15, 2021 it will extend a 30% discount on the cost per minute of travel to university students to mark its two-year anniversary. The discount means that instead of paying $0.28 cents per minute of the rental fee for the scooter vehicles, users would pay approximately $0.20 cents. […]
GuideWell Mutual Holding Corporation, a health solutions company and parent of Blue Cross and Blue Shield of Florida Inc., and Triple-S Management Corp. a health care services company in Puerto Rico, announced they will combine to transform the health care experience for their members in Florida and Puerto Rico. Under the terms of the definitive […]
On the western side of Puerto Rico, an innovative agribusiness company with ample growth projections aims to bring about the island’s food sovereignty and security by becoming a reliable source of fresh, nutritious food and eliminating the reliance on sub-par food imports. Fusion Farms, Puerto Rico’s first and only hurricane-protected vertical indoor aquaponic farm developer […]
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