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Claro President Enrique Ortiz de Montellano outlines the company’s preparations for the 2025 hurricane season.
Featured, Telecommunications/Technology
Claro strengthens network resilience ahead of 2025 hurricane season
NIMB Staff May 29, 2025

Carrier commits $160 million to reinforce infrastructure and customer connectivity. #NewsismyBusiness

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Puerto Rico could face a significant decline in federal research and development funding as Congress considers cuts that would disproportionately affect the island.
Biz Views
Puerto Rico faces setback as federal R&D cuts loom
Contributor May 29, 2025

Proposed federal cuts could reduce funds for health, agriculture and education research on the island. #NewsismyBusiness

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From left, Dominican Franchise Association President Oscar Luis Monzón and Puerto Rico Franchise Association President Ricardo L. Rivera sign a collaboration agreement in Santo Domingo to promote investment and franchise sector growth in the Caribbean.
In-Brief
Franchise groups in Puerto Rico, DomRep sign regional growth alliance
NIMB Staff May 29, 2025

Agreement aims to expand cross-border investment, education and entrepreneurship. #NewsismyBusiness

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Cybersecurity expert Alberto Rodríguez, CEO of Millennial Networks, warns that cybercrime has surpassed natural disasters and drug trade as ransomware attacks escalate, threatening health care systems and Puerto Rico’s digital infrastructure.
Featured, Telecommunications/Technology
The world’s 3rd largest economy: Cybercrime reaches $10.5T
Dennis Costa May 28, 2025

Puerto Rico systems face heightened risk due to U.S. ties, expert warns. #NewsismyBusiness

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Puerto Rico's three main banks ranked among the region's Top 10.
Banking, Featured
Puerto Rico banks maintain strong positions in Caribbean rankings
NIMB Staff May 28, 2025

Banco Popular, FirstBank and OFG Bancorp among top 10 in The Banker’s 2025 list. #NewsismyBusiness

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Puerto Rico’s nautical tourism segment will be under greater oversight following a Comptroller’s Office audit.
Featured, Tourism/Transportation
Tourism Co. strengthens oversight following nautical tourism audit
NIMB Staff May 28, 2025

Agency implements reforms after comptroller finds 68% of operators lacked valid certifications. #NewsismyBusiness

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The Puerto Rico House Consumer Affairs Committee held a hearing to probe LUMA Energy’s denials of claims for damaged appliances.
In-Brief
Lawmakers investigate LUMA’s rejection of 1,800+ damage claims
NIMB Staff May 28, 2025

Lawmakers question liability limits, hint at legislative action. #NewsismyBusiness

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Cooperativa de Seguros Múltiples’ Eco Taxi initiative on display at the exhibit.
In-Brief
‘La Movida del Verano’ exhibit on at Plaza Las Américas through June 1
NIMB Staff May 28, 2025

Event features electric and hybrid cars, vintage collectibles and marine engines. #NewsismyBusiness

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Puerto Rico’s Department of Economic Development and Commerce led a trade mission to the Dominican Republic, where Puerto Rican business leaders met with Dominican officials and companies to explore export and investment opportunities.
Featured, Government
Puerto Rico completes successful trade mission to Dominican Republic
Maria Miranda May 27, 2025

DDEC reports $3 million in projected sales from 22 participating companies. Puerto Rico’s Department of Economic Development and Commerce (DDEC, in Spanish) recently led a trade mission to the Dominican Republic aimed at expanding economic and commercial ties between the neighboring islands. DDEC Secretary Sebastián Negrón-Reichard, accompanied by more than 20 small and medium-sized enterprise […]

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Puerto Rico Insurance Commissioner Alexander Adams-Vega
Featured, Insurance
Insurance commissioner urges policyholders to prepare before hurricane season
NIMB Staff May 27, 2025

Commissioner Alexander Adams-Vega stresses early review of coverage, flood protection, and deductibles for homeowners and businesses. #NewsismyBusiness

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More than a conference, Oasis Empresarial has become a movement for women who want to pursue healthy entrepreneurship, growing in purpose, leadership and well-being.
In-Brief
Oasis Empresarial returns with transformative event for women
NIMB Staff May 27, 2025

Third edition to focus on purpose, leadership and personal growth. #NewsismyBusiness

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Through this program, beneficiaries receive monthly food deliveries tailored to their nutritional needs, including options for conditions such as diabetes, hypertension and kidney disease, designed by professional nutritionists.
In-Brief
MMM Foundation expands food program for older adults
NIMB Staff May 27, 2025

“Adopt an elderly person” initiative provides year-round home-delivered nutrition support. #NewsismyBusiness

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The analysis points to a long-standing structural imbalance in Puerto Rico’s economy, noting that the Leading Economic Index confirms the island no longer responds effectively to traditional stimulus measures.
Economy, Featured
Puerto Rico’s economic activity drops for 2nd straight month in Feb.
NIMB Staff May 26, 2025

Coincident and leading indicators reflect weakening momentum amid fiscal uncertainty and global trade tensions. #NewsismyBusiness

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Mónica Flores-Barragán, president of ManpowerGroup Latin America.
Featured, Labor/HR
Adapting to workforce trends crucial for Puerto Rico’s economic growth
NIMB Staff May 26, 2025

Talent shortages, generational shifts and leadership transformation reshape the labor landscape. #NewsismyBusiness

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The Ponce Health Sciences University School of Dental Medicine has integrated Simodont, a virtual reality dental training system used in academic dental institutions worldwide, to strengthen student skills and improve clinical training.
In-Brief
PHSU opens its first dental clinic following $300K investment
Michelle Kantrow May 26, 2025

The new facilities integrate Simodont virtual reality technology. #NewsismyBusiness

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QUOTE OF THE WEEK:

“We’re very excited to welcome the Star of the Seas for the first time today to the San Juan Pier, as well as the Celebrity Beyond, which together bring more than 13,000 people, including passengers and crew.

 

This first visit of the Star of the Seas is estimated at approximately $600,000, and with the next five scheduled calls, it will exceed $3.5 million in direct economic impact.”

 

— Willianette Robles-Cancel, executive director, Puerto Rico Tourism Co.

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