Economic Activity Index up 2.7% in Sept. despite pandemic-related crisis
November 24, 2021
Puerto Rico’s Economic Activity Index (EAI) for September 2021 reached a maximum level of 120.3 points, representing a year-on-year increase of 2.7%, according to the Puerto Rico Economic Development Bank’s Center for Economic Studies. “This is the seventh year-on-year increase after 12 consecutive reductions. If compared to the previous month, the EDB-EAI’s growth rate rose […]
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Practical Techie: Cyberattacks against business on the rise in LatAm
November 24, 2021
As cybercriminals become more audacious, a small business must counter the new danger by paying more attention to the different types of cyberattacks that bring loss and frustration to any entrepreneur. Cyberattacks have gone up in Latin America by 24%, since last year, as compared with 2020, according to the Kaspersky digital security platform. Such […]
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PenFed Credit Union pumps $2M into Guaynabo office expansion
November 24, 2021
PenFed Credit Union announced the $2 million expansion of its financial center in the San Patricio Office Center in Guaynabo. The space now spans 11,000 square feet, where it plans to open a bilingual service center in 2022 with career opportunities for an additional 24 employees, officials said. The expansion “will provide more space and […]
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Puerto Rican firm creates app to simplify search for cars, properties
November 24, 2021
Given the shortage of inventory that exists in Puerto Rico, both in cars and in properties, a group of professionals came together to develop a new mobile tool that aims to simplify the process of searching, buying, and selling goods. Find It is a new app “that establishes contact between sellers and customers who are […]
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DirecTV offers free access to 20+ channels during Thanksgiving
November 24, 2021
Thanksgiving marks the official start of the holiday season, and for this reason DirecTV announced a “content festival” for all its residential subscribers. From Nov. 24 at 6 a.m. through Nov. 29 at 6 a.m., Puerto Rico customers with active video service will have access to more than 20 premium channels, at no additional cost. […]
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Puerto Rico Gaming Commission opens e-bets licensing process
November 23, 2021
The Puerto Rico Gaming Commission has begun to receive applications from those interested in being online sports betting operators in Puerto Rico, agency Executive Director Orlando Rivera confirmed. Those interested in getting authorization to process bets through electronic platforms will find information on the procedure on the commission’s website, which includes the forms and documents […]
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Ports Authority opens bid for $2M cruise docks security system upgrade
November 23, 2021
The Puerto Rico Ports Authority announced the start of a bidding cycle to perform improvements to the security equipment and systems at the San Juan Bay cruise ship docks to boost electronic security at the docks in that area, agency Executive Director Joel Pizá said. The budget for this project totals $2 million, which includes […]
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US Dept. of Labor to effect $15/hour wage increase in Jan. ’22
November 23, 2021
The US Department of Labor announced a final rule that implements Executive Order 14026 to increase the hourly minimum wage for employees on federal contracts starting Jan. 30, 2022. President Biden signed the order on April 27, 2021. The order is expected to benefit between 10,000 and 12,000 federal workers and contractors in Puerto Rico, […]
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Liberty Foundation awards $600K to 27 nonprofits during golf tourney
November 23, 2021
Liberty Foundation closed the 24th edition of the Liberty Foundation Golf Invitational Tournament awarding a “record-breaking donation” of $600,000 to 27 nonprofit organizations in Puerto Rico and the US Virgin Islands, company officials said. The donation was presented Nov. 18 during the tournament’s Embracing Hope Celebration Dinner in Río Grande. The 27 organizations that received […]
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Bayamón Medical Center inaugurates 4 new ambulatory surgery rooms
November 23, 2021
The Bayamón Medical Center announced the opening of four new ambulatory surgery rooms and a new unit for admitted patients. The four new ambulatory surgery rooms will be used for head, neck, laparoscopic, gynecological, gynecological oncological and urology surgeries, among others. The facilities incorporate the latest technology and a team of experienced surgeons, anesthesiologists, and […]
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Cubiertapr.com platform launched to sell life insurance strictly online
November 23, 2021
Puerto Rico-based insurance company Coordinated Insurance Services and technology applications and solutions development firm ImaginationSoft joined to develop the digital platform CUBIERTAPR.COM, to promote life insurance plans sold digitally. “There are insurers in the market that offer certain digital products. However, the life insurance policy that we’re offering through coverpr.com is the first life insurance […]
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Puerto Rico/USVI businesses approved for $2B+ in SBA COVID disaster loans
November 22, 2021
The U.S. Small Business Administration has approved more than 28,000 loans to businesses in Puerto Rico and the US Virgin Islands exceeding $2 billion through its COVID Economic Injury Disaster Loan (EIDL) program, it announced. When broken down, Puerto Rico-based small businesses have been approved for 26,751 loans, worth $2 billion, while the USVI has […]
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USDA awards $3.4M to town of Toa Baja for rural infrastructure
November 22, 2021
The US Department of Agriculture has awarded the northern coastal town of Toa Baja nearly $3.4 million to build and improve critical community facilities through its Community Facilities Direct Loan and Grant Program, the agency announced. The agency awarded a global amount of $222 million in 44 states, Guam, Northern Mariana Island and Puerto Rico. […]
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Seabourn Ovation’s debut in Puerto Rico to generate $100K for economy
November 22, 2021
Luxury cruise ship Seabourn Ovation will restart operations after the pandemic hiatus from Puerto Rico, which will generate $100,000 for the local economy in Fiscal 2022 and 2023, government officials confirmed. The ship, owned by Seabourn, joins Carnival, Norwegian, Viking, Crystal, Celebrity and Royal Caribbean as the seventh cruise line to restart operations in Puerto […]
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Puerto Rico ranks 69th in global Economic Freedom Index
November 19, 2021
Puerto Rico’s standing in the 2020 edition of the Economic Freedom Index did not reflect drastic changes, increasing just oane point to 64.4 in 2020 vs. 64.4 in 2019. This ranks the island in 69th place among 181 countries worldwide, and in 13th place among 33 countries in the Americas. The US mainland ranks 17 […]
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