Liquidity of Puerto Rico’s banks up $16B in 1Q21, Financial Stability Index says
June 23, 2021
The Financial Stability Index of commercial banks in Puerto Rico, prepared by Estudios Técnicos Inc., shows a strengthening in the banking industry this year, mainly due to an improvement in its liquidity and increases of $16 billion in deposits in the first quarter of 2021. “The index increased from 0.52 in the first quarter of […]
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Gov’t sponsoring job fair seeking 4K restaurant workers
June 23, 2021
The Department of Economic Development and Commerce (DDEC, in Spanish), through its Labor Development Program, will be holding a job recruitment fair to fill 4,000 restaurant jobs, the agency announced. The event — organized in collaboration with the Puerto Rico Restaurants Association (ASORE, in Spanish) and the Department of Labor and Human Resources— will take […]
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$4M improvement project in Camuy to take a year to complete, PRASA confirms
June 23, 2021
The Puerto Rico Aqueduct and Sewer Authority confirmed that the $4 million in upgrades underway at the Quebrada filtration plant in the northern town of Camuy will be completed in about a year. PRASA President Doriel Pagán said the project calls for optimizing the water treatment process, providing an increase in clarification, filtration and disinfection […]
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Op-Ed: Multifunctional companies leading digital transformation
June 23, 2021
As we returned to post-pandemic daily life, the ability of the workplace to adapt to a digital world became more important. Adapting to new work styles, such as remote work, real-time collaboration between diverse locations, and different use of mobile devices for business continuity was critical for organizations in recent months. Ricoh Puerto Rico, with […]
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SBA awards $625K in Shuttered Venue Operators Grants to 5 Puerto Rico businesses
June 23, 2021
The U.S. Small Business Administration confirmed it has awarded $625,639 in Shuttered Venue Operators Grant program funding to five businesses in Puerto Rico. This grant provides emergency assistance for eligible venues affected by COVID-19. Eligible applicants may qualify for grants equal to 45% of their gross earned revenue, with the maximum amount available for a […]
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CBP agent, officer recruitment event returns to Plaza Las Américas
June 23, 2021
US Customs and Border Protection is recruiting for the positions of officer, border patrol agent and air interdiction and maritime interdiction agents in select localities throughout the continental United States, the agency announced. To answer questions and inquiries, CBP will have an orientation table at Plaza Las Americas from June 24-26. Register for this event via this link. Applying […]
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HUD publishes notice on use of up $2B in disaster recovery funds for Puerto Rico, USVI
June 22, 2021
The US Department of Housing and Urban Development (HUD) published a Federal Register notice governing the use of $2 billion in Community Development Block Grant Disaster Recovery (CDBG-DR) funds for electric power system enhancements and improvements for Puerto Rico and the US Virgin Islands. The publication of this notice is the latest in a series […]
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Practical Techie: Plenty of info on the web about the summer solstice
June 22, 2021
The summer solstice has arrived in 2021 and it reflects amply on the World Wide Web with plenty of data and details about the astronomical phenomena. Solstice is “solstitium” in Latin and it means: “the sun is stopping.” The ancients described it as such because it seemed to them the point where the sun appears […]
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Op-Ed: Puerto Rico’s electric grid suffers series of setbacks under LUMA Energy management
June 22, 2021
More than two weeks into its management of Puerto Rico’s electrical system, private contractor LUMA Energy is not off to a good start. Frequent power outages and service delays have tested the patience of an already over-burdened customer base since LUMA Energy took control of the island’s electric system in a privatization switchover on June […]
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One Alliance Insurance Corp. earns ‘A,’ exceptional stability rating
June 22, 2021
One Alliance Insurance Corp. has earned a Financial Stability Rating (FSR) of A-Exceptional from Demotech Inc., a financial analysis firm specializing in evaluating the financial stability of independent, regional, and specialty insurers, the company announced. This level of FSR is assigned to insurers that have an exceptional financial stability related to maintaining positive surplus as […]
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West, LLC recruiting cross-section of professionals for jobs across Puerto Rico
June 22, 2021
Aware of the high amount of talent in search of a job, Puerto Rican construction company West LLC is opening its doors to new young talent, adults and professionals, with or without experience, interested in working in the industry across Puerto Rico. The company, which is marking its 50th anniversary, currently has about 120 employees […]
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United Retailers Assoc. urges DACO to stop ‘arbitrary fines on businesses’
June 22, 2021
United Retailers Association (CUD in Spanish) President Jesús E. Vázquez-Rivera urged Puerto Rico Department of Consumer Affairs (DACO, in Spanish) Secretary Edan Rivera-Rodríguez, to “desist once and for all” from the ongoing practice of imposing arbitrary fines on businesses. Interventions are being done at different businesses, especially supermarkets, to check that product prices on the […]
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HP Enterprise cogeneration plant in Aguadilla is the co.’s 1st in the world
June 21, 2021
The liquified natural gas facility that Hewlett Packard Enterprise is building in Aguadilla will be the first in the world for the technology giant, which is preparing to stay in Puerto Rico for the long-run, Mark Bakker, general manager of Global Operations for HPE, told News is my Business. HPE´s facility in Aguadilla is a […]
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Discover Puerto Rico forms partnerships to reach Puerto Rican diaspora
June 21, 2021
The Puerto Rican diaspora is a critical audience for Discover Puerto Rico, which continually reaches this segment of the community, keeping it informed about entry requirements and the latest health and safety guidelines. To achieve this, the island’s Destination Marketing Organization seeks creative ways to reach the diaspora and forging partnerships with key community organizations […]
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Op-Ed: PRCCI supports blood collection efforts in Puerto Rico
June 21, 2021
The pandemic has impacted everyone’s life, including blood availability in Puerto Rico. According to Puerto Rico Consortium for Clinical Investigation, a subsidiary of the Puerto Rico Science, Technology & Research Trust, thousands of people need blood every day. Last year, PRCCI joined forces with the three blood banks in Puerto Rico — Mutual Services Blood […]
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