The transformation and financial restructuring of Puerto Rico’s bankrupt electric power authority have generated more than $440 million in consulting contracts during the last seven years and could cost island residents more than $1 billion before completion, according to a study released by the Institute for Energy Economics and Financial Analysis. The IEEFA study found […]
This edition of Climbing the Corporate Ladder includes several executive appointments in a cross-sector of industries based in Puerto Rico. Cooperativa de Seguros Múltiples gets new presidentThe Cooperativa de Seguros Múltiples de Puerto Rico has named Luis Cordero as president, to give continuity to the company’s strategic growth plans on a short-, medium-, and long-term […]
The Federal Emergency Management Agency (FEMA) recently approved nearly $7 million to repair damage caused by Hurricane María at several landfills and recycling centers throughout the island, the agency announced. “We’ll continue to collaborate with the government of Puerto Rico and municipal governments for the development of their recovery projects. This award consists of more than […]
Lufthansa Technik Puerto Rico (LTPR), LLC has agreed to receive funding support from the government of Puerto Rico to cope with the challenges the aviation industry is facing, Department of Economic Development and Commerce Secretary Manuel Cidre confirmed. Lufthansa Technik Puerto Rico is part of the Germany based Lufthansa Technik Group and is specialized in maintenance, […]
For the first time in Puerto Rico, Dale Carnegie, the training organization for individuals and corporations based on a high-performance methodology, will offer Generation.Next, a youth leadership development course, an online seminar for teenagers from 14 to 18 years old. “Soft skills are a combination of interpersonal, social and communication skills, personality traits, social intelligence, […]
Popular Inc., parent company of Banco Popular de Puerto Rico, reported net income of $262.6 million for the quarter ended March 31, 2021, compared to net income of $176.3 million for the quarter ended December 31, 2020. “We got off to a strong start in 2021, earning $262.6 million in the quarter, and are optimistic […]
Toro Verde Adventure Park in Orocovis has officially opened its newest attraction, ToroBike, a $1.2 million venture that has been certified by Guiness World Records as the longest cable bike circuit in the world, at 322.25 meters long. During the unveiling, company and government officials noted that it consists of four platforms, in the shape […]
Habitat for Humanity of Puerto Rico announced the launch of “Habitat Builds Puerto Rico,” a five-and-a-half-week construction skills training “bootcamp” designed to prepare men and women to work in the growing construction industry in Puerto Rico. Applications are currently being accepted. Courses are offered free-of-charge to those who qualify based on their income and their interest […]
The Fiscal Agency and Financial Advisory Authority (AAFAF, in Spanish) has launched the Institute for Professional Training and Public Economic Governance for professionals and human resources of the government of Puerto Rico, agency Executive Director Omar Marrero confirmed. The Institute responds to the need to develop and train government human resources on fiscal, economic and […]
The Department of Homeland Security announced an extension of the deadline for US citizens to take domestic flights or visit restricted federal facilities without the need for a Real ID from Oct. 1, 2021, to May 3, 2023. After 9/11, the federal government implemented stricter regulations for the issuance of identification documents, such as birth […]
Puerto Rico Gov. Pedro Pierluisi and U.S. Secretary of Housing and Urban Development (HUD), Marcia L. Fudge on Tuesday discussed the island’s access to disaster relief funding, underscoring their commitment to continue accelerating Puerto Rico’s recovery. Last week, HUD announced the obligation of $8.2 billion in Community Development Block Grant Mitigation (CDBG-MIT) funds, along with […]
Conditions for Puerto Rico’s credit union industry continued improving as of the fourth quarter of 2020, with greater liquidity, asset quality and a 20% increase in total deposits, according to the new Credit Union Industry Financial Stability Index for Puerto Rico, produced by Estudios Técnicos Inc. (ETI). “The index increased from 0.38 in the fourth quarter […]
Nonprofit organization Espacios Abiertos’ Quienmerepresentapr.com website recently landed a distinction after positioning itself among the best in the web from the International Academy of Digital Arts and Sciencies, as part of the 25th edition of its Webby Awards for internet excellence. This year’s “Webby Honorees” included Espacios Abiertos’ website, which was recognized in the competition’s […]
The executive director of the Puerto Rico Fiscal Agency and Financial Advisory Authority (AAFAF) Omar J. Marrero announced the release of a Request for Proposals (RFP) for grant administrator services for a fund created to provide education in business and technical skills, or the 21st Century Technical and Business Education Fund. The grant administrator will be […]
The Wyndham Grand Rio Mar Puerto Rico Golf & Beach Resort continues its process of recruiting new personnel for the hotel’s operations and on this occasion the management announced a new job fair to be held April 30 between 8 a.m. and 3 p.m. Specifically, the hotel will be recruiting seasonal, part-time and regular staff […]
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