InterAmerican University gets $552K grant for virology research institute
October 22, 2021
The National Science Foundation awarded a $552,529 research grant for work at the InterAmerican University of Puerto Rico’s Aguadilla Campus, the college announced. The initiative will create the Host-Virus Evolutionary Dynamics Institute and together with its researchers, it aims to establish fundamental rules of life, or Laws of Virology, which govern the interactions and mechanisms […]
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OFG reports $41.6M in profits during 3Q21, up 61% YoY
October 21, 2021
OFG Bancorp, parent company of Oriental Bank, reported $41.6 million in net income available to shareholders during the third quarter ended Sept. 30, a 61% improvement from the $25.8 million on record for the same year-ago quarter. The financial institution reported diluted earnings per share of $0.81 during the latest quarter, compared to $0.50 in […]
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Popular Inc. reports $79.7M in YoY net income growth in 3Q21
October 21, 2021
Popular Inc., the parent company of Banco Popular de Puerto Rico (BPPR), reported net income of $248.1 million for the quarter ended September 30, 2021, up $79.7 million in comparison to the $168.4 million reported for the same year-ago quarter. “The third quarter was another strong quarter. We achieved net income of $248.1 million, driven […]
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Colombia’s low-cost carrier Viva Air seeking permits to fly to Puerto Rico
October 21, 2021
Viva Air, a Colombian low-cost carrier that is part of Grupo Viva, has submitted an application to that country’s aviation authorities to begin flying from Bogotá and Medellín to the Luis Muñoz Marín International Airport (LMM) in Carolina, according to published reports. The two direct routes are part of an aggressive expansion plan by the […]
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CNE: ‘Romantizing’ the old PREPA would be a mistake
October 21, 2021
The recent malfunctioning of the Puerto Rico Electric Power Authority’s (PREPA) system — which have prompted ongoing rolling blackouts — is the result of decades of mismanagement of the public corporation, so “romantizing” it now would be a mistake, says an analysis released by the Center for a New Economy (CNE). But while blaming PREPA […]
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ParkMobile expands to Puerto Rico with contactless parking at Distrito T-Mobile
October 21, 2021
Smart parking and mobility solutions provider, ParkMobile, announced its expansion to Puerto Rico through a partnership with the Distrito T-Mobile entertainment venue in San Juan. Visitors are now able to pay for parking on their mobile devices in close to 3,000 spaces within three off-street gated facilities on the property. The integration of ParkMobile’s contactless […]
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DDEC’s Youth Dev’t Program, Enactus grant $5.5K to social youth enterprises
October 21, 2021
The Department of Economic Development and Commerce’s (DDEC, in Spanish) Youth Development Program and Enactus granted between $2,000 and $5,500 to 12 youth social enterprises selected from the “Promoting socioeconomic development within youth” event to help them succeed. The first phase of the event had an investment of about $50,000 and is part of the […]
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Concilio de Salud Integral de Loíza Inc. sues town of Río Grande for $6M
October 20, 2021
The Concilio de Salud Integral de Loíza Inc. (CSILO) is suing the Municipality of Río Grande, including its mayor and several legislators, for nearly $6 million in damages related to a property that the nonprofit bought, but that the town allegedly seized through an ordinance. In the lawsuit filed at the US District Court for […]
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Puerto Rico Treasury: General Fund net income for July, Aug. exceed projections by $177M
October 20, 2021
Net income that flowed into the Commonwealth’s General Fund for July and August reached $801.1 million and $675 million, respectively, for a total of about $1.5 billion, which exceeded collections projections by $176.9 million, Puerto Rico Treasury Secretary Francisco Parés said. Income tax collections for individuals and corporations exceeded the projection by $51.2 million or […]
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Foundation for Puerto Rico gets $254K grant from Wells Fargo
October 20, 2021
Foundation for Puerto Rico (FPR) announced the launch of [re] ACTIVA, a new mentoring and training program aimed at small businesses whose operations have been affected by the COVID-19 pandemic. The program emerged after the nonprofit received of a $254,487 grant from Wells Fargo Open Business Fund. The entity is the only local organization on […]
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EDB: ‘US inflation outlook consistent with prices increase perceived by local consumers’
October 20, 2021
The Puerto Rico Economic Development Bank’s (EDB, in Spanish) Center for Economic Studies confirmed in a report that the inflationary outlook in the US mainland is consistent with the increase in prices perceived by local consumers. During a news conference, EDB President Luis Alemañy said from the lowest point recorded in June last year (-1.7%), […]
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Practical Techie: Virtual private servers offer web options for e-commerce
October 20, 2021
There is much talk these days about the lack of privacy on social media platforms and many mention virtual private servers as a safer alternative for e-commerce websites. With a private server, you can protect yourself from hackers, cybercriminals, malware, and government surveillance programs. It simply hides your IPS, from peering hackers. Let’s see how the VPS […]
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US Dept. of Labor recovers $106K in overtime wages for 136 security guards in Puerto Rico
October 20, 2021
A US Department of Labor Wage and Hour Division investigation found that a Puerto Rico-based security services company misclassified 136 of its employees as independent contractors, denying them about $106,000 in overtime pay required under the federal Fair Labor Standards Act. Division investigators determined that Advance Investigation Group Inc. of Bayamón misclassified security guards as […]
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GSK Consumer Healthcare to reduce plastic in Advil bottles by 20%
October 20, 2021
GSK Consumer Healthcare, maker of Advil, announced it will reduce the amount of plastic used in the production of more than 80 million of its bottles by 20% for eco-friendly packaging allowing a decrease of almost 500,000 pounds of plastic, preventing it from getting into the environment. Advil’s packaging, which is made with a new […]
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‘Sounds like Puerto Rico’ series nominated for 5 Emmy Awards
October 20, 2021
The series “Sounds like Puerto Rico” produced by Discover Puerto Rico has been nominated in five categories in the 45th Annual Suncoast Regional Emmy Awards, the island’s Destination Marketing Organization announce. This series was created to educate potential visitors about the island in an entertaining way, sparking inspiration and trip ideas for future visits, the […]
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