Simon Property Group Inc. has completed its acquisition of an 80% ownership interest in the Taubman Realty Group Limited Partnership through a deal worth $3.4 billion. Simon owns two shopping centers in Puerto Rico, while Taubman owns one. Under the terms of the transaction, Simon, through its operating partnership, Simon Property Group, L.P., acquired all […]
People around the world have lost their jobs due to the COVID-19 pandemic, and while the government has helped in some ways, it is not enough for some families. Even young college students need money to finance their studies, but finding a job is not that easy to achieve anymore. And so, while stuck at […]
L’Oréal Caribe has launched a pilot project to promote plastic recycling in beauty salons in Puerto Rico, as part of its L’Oréal for the Future sustainability program. “Aligned with L’Oréal’s new global sustainability guidelines and commitments, we’re working on an action plan for our market in Puerto Rico and the Caribbean islands, to contribute to […]
The Puerto Rican Solar Business Accelerator, a program run by nonprofit The Solar Foundation, recently selected the Castañer community to develop an energy microgrid under the US Economic Development Administration’s Community Microgrid pilot program. Castañer is an agricultural community that is isolated and lacking in resilient energy. Due to its location, this community — which borders […]
The Public Corporation for the Supervision and Insurance of Puerto Rico Cooperatives (COSSEC, in Spanish) confirmed that local credit unions will be able to access some $3 billion in budgetary allocations included in the new federal economic stimulus package that seeks to revitalize communities with low and moderate resources. The federal funding bill allocates $3 […]
A lack of transparency in public governance and access to information was one of the key public opinion concerns in 2020, according to an analysis conducted by Puerto Rico-based nonprofit Espacios Abiertos. The finding is reflected in the newly unveiled Transparency Barometer, a digital tool created by the organization, which spans more than 400 stories about transparency published by […]
As 2020 winds down, it will not be like the old days with parties, firecrackers, music, drinks and dancing. It will be the end of the year to stay calm, secluded and collected. Most of us will see the year die down with cell phone in hand to communicate with distanced loved ones at the […]
The Department of Economic Development and Commerce unveiled a new Manufacturing Coincident Indicators Index, a new metrics and analysis tool to illustrate the sector’s economic activity, which agency Secretary Manuel Laboy said reflects that the industry is maintaining a recovery rate. “The most recent report corresponding to October 2020 showed that manufacturing continues to gain […]
This year brought us tough challenges and major achievements. Looking back, I feel very proud of our employees and how we handled this historic year. We shifted our operating model quickly and adapted to a new and completely unexpected scenario. Overall, Liberty was very successful in providing connectivity and entertainment when it was most needed. […]
Local barber shop chain Casa Barbeiro has opened its third location, in Old San Juan, where it has invested $30,000 to serve locals and tourists alike, the company announced. Casa Barbeiro has two other shops in the San Juan metropolitan area, in Santurce and Hato Rey. The new Old San Juan facilities — located in […]
Seeking to uphold its commitment to supporting the communities in the markets where it operates, Subway restaurant’s management team donated 1,600 pounds of food to nonprofit El Comedor de la Kennedy. This act also follows the chain’s aim of eradicating hunger globally, it said. Sofía Acevedo, Subway’s marketing specialist in Puerto Rico, and Luz Mercado […]
The U.S. Department of Agriculture has opened a call for applications for grants to help agricultural producers and small rural businesses develop and market new products. Some $33 million in grants is available under the Value-Added Producer Grant (VAPG) program. The agency may also utilize any funding that becomes available through enactment of Fiscal 2021 […]
Orlando, FL — Despite these challenging times, Ana G. Méndez University will launch more than 40 degree programs in English in its three campuses in the state of Florida and one in Texas, as part of its new plans for 2021, this media outlet confirmed. Beginning Jan. 11, students will start their new classes in […]
November bookings dropped by about 70%, for IHP Hospitality Corp. as a direct consequence of the COVID-19 pandemic and the government’s Executive Order, which, among other conditions, bans recreational visits to beaches and imposes a curfew. “We currently own five different hotels across the island. It’s been extremely challenging, Claire Ruiz, director of Finance and […]
The English-speaking world is notoriously monolingual. Due to English being the most spoken second language across the world, a lot of native English speakers feel no need to learn one themselves. While monolingualism is found in other parts of the world, there is a certain stereotype of an English speaker expecting everyone to understand them […]
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