MCS launches health coverage plan for Puerto Rico’s self-employed
December 10, 2020
MCS Life Insurance Co. announced the launch of a health coverage plan for Puerto Rico’s self-employed and small- and medium-sized businesses. Starting at $2.35 a day, MCS Personal medical coverage includes essential health benefits, such as emergency services, hospitalization, maternity, drugs, mental health care, laboratory, and preventive services, as well as chronic disease management, and […]
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US House passes 1st amendment to PROMESA mandating more disclosure
December 9, 2020
The US House of Representatives passed H.R. 683 — the Puerto Rico Recovery Accuracy in Disclosures Act of 2019 (PRRADA) — the first amendment approved by either chamber of Congress to the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA). The legislation, introduced by Rep. Nydia M. Velázquez (D-N.Y.), mandates financial disclosures by professionals […]
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Liberty Foundation awards $500K to 23 nonprofits through virtual golf tourney
December 9, 2020
The Liberty Foundation rounded up $500,000 in donations during the virtual edition of its 23rd Liberty Foundation Golf Invitational — A new reality tournament, which it split among 23 nonprofits in Puerto Rico and the U.S. Virgin Islands. The donation was presented right before the game, which took place Dec. 4 at a virtual golf […]
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Uber Eats ends year with 2nd expansion of its delivery service to Ponce
December 9, 2020
The Uber Eats app announced it has expanded its delivery service to the southern town of Ponce, where users can order from their favorite restaurants with the touch of a button. Meanwhile, restaurants can expand their customer base, while Ponce residents can use the app to earn extra earnings as drivers if they decide to […]
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Op-Ed: The proposed aluminum recycling law, another ‘dead letter’ act
December 9, 2020
They say that the road to hell is paved with good intentions. Senate Bill 1683 to create a law to “Encourage the collection of scrap from aluminum extrusions and promote a new recycling industry to transform scrap into raw material” is being considered at the extraordinary session that was just convened at the Legislature. The […]
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USDA Rural Development opens rural energy grant application round
December 9, 2020
The U.S. Department of Agriculture has opened the call for applications for loan guarantees and grants for renewable energy systems and to make energy efficiency improvements, conduct energy audits and provide development assistance. The deadline to apply for the grants is Feb. 1 and Mar. 31, 2021, respectively. The funding is being provided through […]
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Puerto Rico has to ‘resize economy’ on a small scale, plan for reduced population
December 8, 2020
Faced with the reality of an economy that has been reduced by 25% since 2006 and a population in continuous decline, Economist José Joaquín Villamil, from the Estudios Técnicos, Inc. firm, warned that the island’s risk profile “is very pronounced,” and urged planning for markets for the elderly, as well as taking advantage of new […]
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Parallel18 launches digital tool to spark global investment, business opportunities
December 8, 2020
As a direct response to the COVID-19 pandemic, parallel18, the international startup program based in Puerto Rico, launched a digital tool that connects its participant and graduate companies with investors and corporate partners from all over the world. The Startup Directory is an initiative through which the Puerto Rico Science, Technology and Research Trust’s program aims to […]
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New $6.8M Tryp by Wyndham Hotel breaks ground in Mayagüez
December 8, 2020
Puerto Rican development firm EJ Global Investment announced the start of construction of what will be the TRYP by Wyndham hotel in the town of Mayagüez, at a cost of $6.8 million. The new 50-room hotel will generate about 40 new jobs and is slated to open in November 2021, company executives Eric Ruiz-Colón and […]
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Practical Techie: PrepaNet looks to repurpose itself
December 8, 2020
Rebranding goes on all the time in the cyber world, and it’s not a surprise that the usually beleaguered government-owned PrepaNetworks has creatively done so these days. It’s now goes by the brand of HUB Advanced Networks, LLC. Since its origins in 2004, PrepaNet has sought to commercialize it services at business and residential levels. […]
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Triple-S Management Corp. CFO Román-Jiménez to retire
December 8, 2020
Triple-S Management Corporation announced that its Chief Financial Officer Juan José Román-Jiménez will retire at the end of a planned transition, capping a three-decade career as a finance executive that included serving as CFO for two public companies. Román-Jiménez will remain in his role until his successor is chosen and will help ensure a smooth […]
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Brad Dean appointed vice chair of US Travel and Tourism Advisory Board
December 8, 2020
Discover Puerto Rico’s CEO Brad Dean has been appointed vice chair of the US Travel and Tourism Advisory Board (TTAB), for a two-year term. This Board advises the Secretary of Commerce on matters relating to the US travel and tourism industry. This Board advises on government policies and programs that affect the US travel and […]
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Popular Auto’s Starting Connection Program aims to help establish credit
December 8, 2020
Looking to help consumers establish a credit history, and under the motto, “Now you can have what you dreamed of,” Popular Auto announced the availability of the “Starting Connection Program.” This program makes it easier for people who do not have credit experience, or it is limited, to buy their first car through a qualified […]
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USDA-NRCS to hold state technical committee meetings for Puerto Rico/USVI
December 8, 2020
The U.S. Department of Agriculture’ Natural Resources Conservation Service will host virtual meetings this week, to discuss 2018 Farm Bill updates, storm recovery efforts under the Emergency Watershed Protection Program (EWPP), and updates from NRCS Caribbean Divisions and federal and territorial partners. NRCS Caribbean Area Director Luis Cruz-Arroyo said agency partners, clients and potential clients […]
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Puerto Rico National Guard allocates $557K for COVID-19 vaccine storage freezers
December 7, 2020
As Puerto Rico government and health officials prepare to receive the first shipments of the COVID-19 vaccine, the Puerto Rico National Guard is also gearing up to assist in the effort to store the meds and in the logistics behind the immunization process. In anticipation of the vaccine’s arrival, earlier this year the PRNG received […]
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