Urban Edge properties opening Sector Sixty6, Golden Corral at Las Catalinas Mall
August 4, 2021
Urban Edge Properties announced that it has signed an agreement for Sector Sixty6 and Golden Corral to open its next location at Las Catalinas Mall in Caguas in 2022. Repurposing a 122,000 square foot former Kmart, the new venue will activate empty space “with a dynamic use that adds visual excitement to the property and […]
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Pierluisi breaks down use for $4B ARPA allocation to Puerto Rico
August 4, 2021
Gov. Pedro Pierluisi offered a detailed breakdown of the use that will be given to some $4 billion allocated to the Puerto Rico under the American Rescue Plan Act of 2021. During a news conference — and flanked by Secretary of State Omar Marrero, Treasury Secretary Francisco Parés and Office of Management and Budget Executive […]
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Execs named to BluHost, MCS, Hilton, Aspira, and Iberia
August 4, 2021
This week’s edition of Climbing the Corporate Ladder includes several executive appointments across a broad range of industries, namely tourism, health insurance, and travel. BluHost names new all-female sales and marketing staffBluHost announced the appointment of five executive women to fill different positions within its sales and marketing departments for Hyatt Place, Hyatt House and […]
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Frontier Airlines announces new direct, nonstop Jacksonville/San Juan route
August 4, 2021
Low-fare carrier Frontier Airlines announced 15 new nonstop routes, including three-times weekly service between Jacksonville International Airport in Florida and San Juan’s Luis Muñoz Marín International Airport (LMM). The airline is also expanding significantly in Miami with nine new routes, including its first-ever service to Aruba, along with flights to the Turks & Caicos. “We’re […]
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Andersen Global expands into Puerto Rico with San Juan-based law firm
August 4, 2021
Andersen Global is extending its reach into the Puerto Rican market with a collaboration agreement with San Juan-based law firm Casillas, Santiago & Torres, LLC (CST Law). Founded in 2011, CST Law is a full-service firm focusing on business and commercial law with capabilities in corporate, tax, commercial and employment law litigation, real estate, immigration, […]
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$250K Trackman Range opens at Bahía Beach Resort & Golf Club
August 4, 2021
The Bahía Beach Resort & Golf Club in Río Grande announced the integration and opening of the Trackman Range technology that allows golfers and amateurs to go from practicing using eight points to capture ultra-precise information on their shots, to accessing a series of games, or playing virtually on another course with Virtual Golf software. […]
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Investment Portfolio for Growth program open to grant up to $50M in loans
August 3, 2021
The Puerto Rico Department of Housing announced the opening of the Investment Portfolio for Growth Program (IPG), which is receiving applications to grant up to a maximum of $50 million in low-interest, long-term, partially forgivable loans. IPG has an allocation of $800 million in CDBG-DR recovery funds and is pursuing the island’s economic revitalization on […]
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Startup.pr opens call for applications to its tech business pre-seed funding program
August 3, 2021
Business accelerator Startup.pr has opened a call for local innovators with technology-based projects to apply to the sixth edition of its Pre-Seeding Program by Aug. 8. Winning participants will receive training, prototype design consultancy services, and $5,000 each, said Amaury Malavé, Innovation and Technology Complex director. Six early-stage technology projects will be selected for this […]
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Practical Techie: Lingua Franca, a universal language for the web
August 3, 2021
It has been recommended many times but nothing is official. We see it happen practically all the time, all over the internet, and of course, its spinoff, the web. I’m talking about having a single use of an official language throughout our digital world. A lingua franca, a universal language that gives the web great […]
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Puerto Rico manufacturing PMI down to 53.3 in June, marks 4th straight drop
August 3, 2021
The Purchasing Managers Index (PMI) for Puerto Rico’s manufacturing sector decreased for the fourth consecutive month to 53.3 in June, according to a report produced by the Puerto Rico Manufacturers Association and the Puerto Rico Institute of Statistics. The PMI has sub-indexes — employment, production and new orders — all of which were above the […]
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Liberty Latin America gets OK to buy Telefonica’s Costa Rican operations for $505M
August 3, 2021
Liberty Latin America Ltd. and Telefónica S.A. in Costa Rica announced that the companies have received authorization from Costa Rican President Carlos Alvarado Quesada, for the sale of Telefónica’s operations in Costa Rica to Liberty Latin America’s 80% subsidiary, Cabletica. Liberty Latin America, parent company of Liberty Puerto Rico, will reportedly pay $505 million for […]
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TransPerfect, owned by Puerto Rico-based exec., merges with Semantix
August 2, 2021
TransPerfect, a provider of language and technology solutions for global business, announced it will merge operations with Semantix, the Nordics’ largest provider of translation and interpretation services, through the acquisition of the group’s parent entity, Semantix International Group AB. The deal is said to be worth somewhere in the mid-$90 million, News is my Business […]
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New research reveals price no longer primary driver of travel decisions
August 2, 2021
New research from Expedia Group reveals shifting views on travel, including positive sentiment on vaccine passports, increased budgets, and an enduring demand for safety and financial security. The Traveler Value Index examined the views of 8,000 people in eight countries to understand their values and expectations as the pandemic becomes more controlled in many parts of the world. “As […]
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Puerto Rico Community Foundation launches fundraiser to honor 35 local leaders
August 2, 2021
To mark its 35th anniversary, the Puerto Rico Community Foundation has launched a fundraising campaign entitled “35 Forjadores de Esperanza” (“35 Hopemakers”) to put a spotlight on the work of 35 people who have stood out for promoting uplifting and innovative changes in the communities they serve, and who have been linked to the nonprofit […]
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Puerto Rico General Fund net income exceeds projections by $42.9M in May, Treasury says
July 30, 2021
The Puerto Rico Treasury Department informed that net income shored up into Puerto Rico’s General Fund exceeded $1.4 billion in May, beating the government’s projections by $42.9 million. In a press release, agency Secretary Francisco Parés said the projected amount was $1.3 billion, representing a growth of 3.1%. “This projection is included in the new […]
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