Puerto Rico credit unions could dip into $3B federal revitalization fund
December 29, 2020
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 […]
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Espacios Abiertos unveils Transparency Barometer
December 29, 2020
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 […]
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Practical Techie: A very virtual 2021 New Year to you
December 29, 2020
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 […]
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Economic Dev’t unveils new Manufacturing Coincident Indicators Index
December 29, 2020
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 […]
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Op-Ed: Liberty Puerto Rico wraps up ‘challenging year’ on positive note
December 29, 2020
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. […]
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Casa Barbeiro opens 3rd barber shop location, now in Old San Juan
December 29, 2020
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 […]
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Subway donates 1,600 lbs. of food to El Comedor de la Kennedy
December 29, 2020
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 […]
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USDA opens call to fund new product development, marketing
December 29, 2020
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 […]
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Ana G. Méndez University to offer 40 degree programs 100% in English in ’21
December 28, 2020
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 […]
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IHP Hospitality sees 70% drop in hotel bookings in Nov.
December 28, 2020
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 […]
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Op-Ed: 3 benefits from speaking Spanish as a second language
December 28, 2020
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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RVI sells Plaza Palma Real in Humacao for $50M
December 24, 2020
Retail Value Inc. closed on the sale of the Plaza Palma Real shopping center in Humacao on Dec. 22, for $50 million prior to closing costs, prorations and other closing adjustments, it announced. The buyer was undisclosed. The net proceeds were used to repay mortgage debt associated with RVI. Last year, the mall marked its […]
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Univision must sell 3 Puerto Rico TV stations as part of larger deal
December 24, 2020
The Federal Communications Commission gave its go-ahead to the sale of certain subsidiaries of Univision to investors Searchlight and ForgeLight and Grupo Televisa — but the deal is conditioned to the sale of three of Univision’s television stations in Puerto Rico. According to an order issued by the FCC’s Mass Media Bureau, Univision will have […]
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WSP USA Building Inc./Marvel Architects chosen to develop PROtech project
December 24, 2020
The consortium comprised by WSP USA Building Inc./Marvel Architects has been chosen to develop the Puerto Rico Ocean Technology Complex (PROtech) project in Yabucoa, the Department of Economic Development and Commerce announced. The consortium for the $300M thermal ocean energy project unveiled in July was chosen after completing the selection process to develop the complex […]
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Triple-S Foundation unveils robot that connects hospitalized patients with families
December 24, 2020
Seeking to connect families and friends with a patient during a hospitalization, the Triple-S Foundation launched an initiative that uses a robot on wheels called Robbie so they can videoconference and talk, sing or read to the patient. “Restrictions on hospital visits are necessary, but there’s no doubt that isolation for patients adds stress to […]
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