The Puerto Rico Purchasing Managers Index (PRM-PMI) for the manufacturing sector increased to 52.4 in January, breaking the threshold of 50, suggesting growth when compared to the previous month. The employment, own Inventories and suppliers’ deliveries sub-indexes increased with respect to the previous month, while the employment, suppliers deliveries and own inventories sub-indexes beat the […]
Looking to lead a successful recovery in the meetings, incentive, conventions and event (MICE) segment, Discover Puerto Rico has developed a series of meeting planner roundtables to educate partners about client trends and perspectives related to booking live events in the future. The roundtables also provide insight on the state of the meetings industry, direct […]
Saying that the “integration of AT&T’s Puerto Rico and USVI operations [are] progressing well,” Liberty Latin America announced that its subsidiary, Liberty Puerto Rico, generated $624 million in revenue during the 12 months ended Dec. 30, 2020, representing a 9.9% increase year-over-year. In its latest financial report, Liberty Puerto Rico was also attributed $296 million […]
Colmena66, a San Juan-based based nonprofit that connects island entrepreneurs and small business owners to local and regional resource partners, was awarded $10,000 through the Lab-to-Market (L2M) Inclusive Innovation Ecosystem Prize Competition, sponsored jointly by the US Small Business Administration and the National Science and Technology Council. The nonprofit received the “Super Connector” award for its submission highlighting […]
The executive director of the Puerto Rico Tourism Company, Carlos Mercado, and the Mayor of Canóvanas, Lornna Soto, unveiled a plan to establish three new scenic routes — still being developed for an official opening this year — as a way to promote tourism and the economic development in the northern town. Through the recently […]
Puerto Rico Fiscal Agency and Financial Advisory Authority Executive Director Omar J. Marrero will appear before corporate leaders, sponsors, institutional investors and financiers at the J.P. Morgan 2021 Global High Yield & Leveraged Finance Conference to “provide a favorable perspective on doing business in Puerto Rico and present the significant accomplishments of the government of […]
Puerto Rico Housing Department Secretary William Rodríguez announced that the Community Development Block Grant (CDBG) Program has allocated $800 million to the Investment Portfolio for Growth (IPG) initiative “to alleviate the exacerbated economic effects of the hurricanes through large-scale development projects.” As a preliminary process for the IPG Program, interested entities are asked to submit […]
The culmination of its integration with Sprint, and the sale of AT&T’s wireless operation in Puerto Rico, has boosted T-Mobile’s business, which at the end of 2020 exceeded 1 million in customers for the first time, T-Mobile Puerto Rico General Manager Jorge Martel said. While sharing 2020 results, Martel said T-Mobile saw an 8% growth […]
Reinventing and looking for new ways to serve a new generation of consumers in Puerto Rico and around the world, La Tigre company had invested more than $500,000 on a new flagship store in Ciudadela in Santurce, and visualizing a prosperous clientele for its new extension of the Casa Alberghini brand. La Tigre’s strategic and […]
The College of Engineers and Land Surveyors, in collaboration with several partners, delivered the keys of two of their houses built under the “Mi Casa Resistente” (“My Resistant Home”) project, at a cost of $95,000 each. The trade group known as the CIAPR in Spanish, worked with the College of Architects and Landscape Architects, the […]
The U.S. Department of Agriculture (USDA) announced it is investing $771,333 in two Projects in Puerto Rico that will help rural residents gain access to health care and educational opportunities. The Centros Sor Isolina Ferre in Guayama and Clínica Las Américas in Guaynabo have been selected to receive grant funding, said Luis R. García, USDA […]
Through its “A call for our people in need” campaign, the MCS Foundation announced it exceeded its goal by raising $562,000 through personal and corporate donations for its 2021 projects. In line with its annual commitment, MCS Healthcare Holdings LLC. will double the raised amount, it confirmed. “We’re extremely grateful to have philanthropic friends and […]
The proposed new agreement struck recently by the Financial Oversight and Management Board for Puerto Rico with bondholder groups implies higher annual fixed payments and cash disbursements and for a longer period of time than in the October 2020 proposal, according to Espacios Abiertos Senior Public Policy Analyst Daniel Santamaría-Ots. “What remains constant with this […]
As part of the safe restart of sports tourism in Puerto Rico and its direct impact in the local economy, the 13th edition of the Puerto Rico Open will be held through Feb. 28, generating $5.7 million for the local economy and creating more than 1,000 direct and indirect jobs, government and tournament officials said. […]
By Rafael R. Díaz TorresCenter for Investigative Journalism Machines costing thousands of dollars are operated from a small office on the college campus. Keeping them in good condition costs the government’s coffers several million annually. They are seismic and tide-gauge station devices that are part of the tsunami and earthquake detection system. Monitoring this information […]
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA