CBP seizes $437K-worth of counterfeit Viagra pills, unsafe motorcycle helmets
April 19, 2021
U.S. Customs and Border Protection Officers and Import Specialists in the Port of San Juan recently seized 1,869 counterfeit Viagra pills and 1,620 half-face motorcycle helmets that did not comply with National Highway Traffic Safety Administration regulations, it announced. Combined, the confiscated items had a street value of $436,649, the agency confirmed. “Consumers and small […]
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Grocery store Selectos opens app to US mainland shoppers
April 19, 2021
Puerto Rican grocery store chain Selectos announced it has introduced its Easy Shop app to shoppers in the US mainland looking to make purchases for people residing on the island. Mayreg Rodríguez, executive director of Selectos, said the grocery store is looking to reach the estimated seven million Puerto Ricans living in the continental US, […]
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Puerto Rico’s opportunities in int’l markets to be discussed in online seminar
April 19, 2021
The challenges and opportunities that Puerto Rico is facing to be able to competitively insert itself in international markets will be the topic of an online seminar tonight at 7 p.m. that is open to the public. Department of Economic Development and Commerce Secretary and Gloria Viscasillas-Aponte, vice president of Economic Development Programs at Banco […]
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Casa Febus opens 3rd store in Florida’s Waterford Lakes Town Center
April 19, 2021
Casa Febus, the Puerto Rico-based home décor boutique, recently opened its third retail location in Orlando, Florida, following a $150,000 investment. The 6,060 square foot store located in Waterford Lakes Town Center will provide home decor lovers “a boutique shopping experience at affordable prices.” In 2015, Casa Febus began expanding its operations to Florida, with […]
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Abarca to present pharmacy engagement program at nat’l conference
April 19, 2021
Puerto Rico-based pharmacy benefit manager Abarca, which is disrupting the industry with a new approach to technology and business practices, announced it had been selected to present its pharmacy engagement program at the 2021 annual US Academy of Managed Care Pharmacy conference. The annual managed care conference is attended by more than 1,000 healthcare leaders […]
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Puerto Rico’s banking industry reflects strength in liquidity, capital
April 16, 2021
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 […]
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$1M Lejos Eco Retreat hotel breaks ground in Vieques
April 16, 2021
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 […]
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Puerto Rico top destination among online searches year-to-date, says Google
April 16, 2021
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 […]
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Op-Ed: Businessperson, we don’t have to wait for the gov’t to do the right thing
April 16, 2021
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 […]
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Tropizen begins 3rd phase of production and cultivation expansion
April 16, 2021
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 […]
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CAP Foundation raises $895K to build therapeutic park for pediatric cancer patients
April 16, 2021
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 […]
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Centro Sor Isolina Ferré ready to tee off for annual golf tourney
April 16, 2021
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 […]
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San Juan makes $4.3M available for ‘Capital Entrepreneurship’ program
April 15, 2021
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. […]
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Para La Naturaleza gets $290K from National Endowment for the Humanities
April 15, 2021
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 […]
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Central gov’t starts distributing $100M more to Puerto Rico towns
April 15, 2021
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 […]
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