The Financial Stability Index for Puerto Rico’s banking industry, prepared by Estudios Técnicos, Inc. (ETI), shows that the industry’s liquidity and solvency remain strong despite the current economic environment. “The financial stability index for Puerto Rico’s banking industry has recovered after declining from 0.64 in the fourth quarter of 2019 to 0.54 in the first […]
The Puerto Rico Tourism Co. announced that a sustainable hotel, Lejos Eco Retreat, will be opening in Vieques this fall. The hotel entails a $1 million investment and will create a total of 25 jobs, 20 in construction and five in operations, officials said. The eco-friendly resort will feature 13 modern units, a campsite, and […]
People across the globe are itching to travel once again, and based on Google searches, Puerto Rico is “the fastest-growing destination in the world,” Discover Puerto Rico, the island’s Destination Marketing Organization (DMO) confirmed. According to recent travel search data calculated by Destination Insights with Google, which monitors travel trends, Puerto Rico is the top […]
During the past five weeks, we have seen our progress with the pandemic vanish, causing an increase of up to 300% in the positivity rate and hospitalizations. While the data indicate that 91% of outbreaks occur in the family environment, they also reflect that a substantial number of infections occurred in closed commercial spaces, such […]
Medical cannabis products company Tropizen announced it has launched the third phase of the expansion plan of its production facilities in Canóvanas, which will allow it to further grow its portfolio of medicinal cannabis products for sales in both Puerto Rico and the continental United States. The construction project, which is estimated to be completed […]
Thousands of Puerto Ricans joined to support a massive head shave and hair donation at the virtual “Pásate la Máquina Challenge” event organized by the CAP Foundation. The nonprofit organization exceeded its goal by raising $895,000 to build a therapeutic park for pediatric cancer patients at the Río Piedras Medical Center Children’s Hospital. The therapeutic […]
Centro Sor Isolina Ferré (CSIF, in Spanish) is teeing off to host its 25th annual golf tournament on April 24 at the Wyndham Grand Río Mar Beach Resort & Spa in Río Grande. Joaquín Arbona, president of the CSIF Golf Tournament Committee, said it will be held in the “two person scramble” format, starting at […]
San Juan Mayor Miguel Romero announced the availability of $4.3 million in federal funds through the municipality’s “Capital Entrepreneurship” program, which in turn will benefit up to 800 of the town’s microentrepreneurs who have suffered economic losses as a result of the COVID-19 pandemic and who have been in operation for at least one year. […]
The National Endowment for the Humanities (NEH) announced $24 million in grants for 225 humanities projects across the country, including a $290,750 allocation to Puerto Rican nonprofit organization Para la Naturaleza Inc. The grant will support Para La Naturaleza in developing a project called “Flora Borinqueniana: Three Centuries of Botanical Illustrations,” which is described as a […]
Puerto Rico’s 78 towns have completed the application process for the third phase of the Coronavirus Relief Fund (CRF) Assistance Program to Municipalities, Fiscal Agency and Financial Advisory Authority (AAFAF, in Spanish) Executive Director Omar Marrero said. As part of the process, the central government will assign $1 million to each town so they can continue to […]
Facing a market increasingly anchored in technology, Puerto Rican supermarket chain Plaza Loíza has launched a new website, in addition to strengthening its alliance with delivery platform, RONPON. The initiative responds to trends among consumers, who are increasingly turning to technology to make purchases from the safety of their home. “For more than 30 years, […]
Four years after breaking ground in Ponce, Aloft Hotels will open this month its 152-room property that “embraces a bold and savvy design looking to attract music enthusiasts and travelers who love open spaces,” company officials said. The investment for the hotel, which is part of Marriott Bonvoy’s portfolio of 30 hotel brands, is estimated […]
One of the factors that influences the cycle of gender violence is the lack of economic resources. Financial dependence and the feeling that without the aggressor it would not be possible to live fully, lead the victim to stay in this cycle. Aware of this serious reality, the Enactus team of Columbia Central University created, […]
Cyber criminals have no limits to their evil and no lack of creativity, either. A year after the onslaught of the COVID-19 pandemic a weird, malicious form of cyber kidnappings is occurring in the unlikeliest of venues: the virtual classroom. The bad guys call their villainy “zoom-bombing.” A recent announcement by the FBI alerted unsuspecting internet users […]
After a year of evaluation and adapting to the pandemic, the Distrito T-Mobile entertainment complex, announced a tiered pre-opening that will start with the inauguration of Mexican restaurant Lupe Reyes. The eatery is already open to the public, with other openings in the coming months, said Distrito T-Mobile General Manager Gabriel De Cárdenas. “In 2020 […]
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