I’ve been executive director of nonprofit Cáritas de Puerto Rico for longer than I’ve been a priest. Thirteen years, one devastating hurricane, countless tremors, one pandemic and counting. But of all the misery, need and challenges that I’ve witnessed through my chosen career, one is more despiteful than any: indifference. I’ve seen it, at some […]
The Ponce Health Sciences University School of Medicine, in partnership with the Ashford Presbyterian Community Hospital, inaugurated a new San Juan metro area campus where third-year medical students will begin clinical rotations in the areas of Pediatrics, Surgery, Internal Medicine and Obstetrics and Gynecology. The initiative aims to help retain doctors on the island. As […]
The Puerto Rico Public-Private Partnership Authority, together with the Puerto Rico Electric Power Authority, issued a Request for Qualifications seeking companies interested in managing, operating, maintaining and decommissioning one or more of the utility’s base-load generation plants and gas turbine peaking plants across the island. This is the second P3 agreement that the government is […]
Puerto Rico Government Gaming Commission Executive Director José Maymó-Azize announced the start of the process to get comments from the general public on the regulations that will govern the island’s sports betting, fantasy contests and electronic games operation. “Pursuant to the Uniform Administrative Procedures Act of the Government of Puerto Rico and the Government of […]
Puerto Rico’s new car sales spiked by 38% year-over-year in July, with 10,595 units sold, the United Automobile Importers Group confirmed. Despite last month’s growth, so far this year, the industry has seen a contraction of 28.4%, the trade group known as GUIA stated. Segments reflecting the greatest jumps in July were vans, with an […]
The Arecibo Credit Union, known as CooPACA in Spanish, inaugurated its new branch in the town of Trujillo Alto, following an $500,000 investment. The facility offers the credit union ways “to effectively serve clients facing the challenges imposed by the COVID-19 pandemic.” “The pandemic has altered the way of doing business for financial institutions starting […]
TOTE LLC’s operating companies TOTE Maritime Alaska and TOTE Maritime Puerto Rico have been honored with “Logistics Management” magazine’s “Quest for Quality Awards” for excellence as ocean carriers, the company announced. “Our editorial team has found over the years that no matter how many economic, regulatory or operational pressures they continue to face, the carrier […]
The Federal Communications Commission announced it will accept proposals from telecommunications companies in Puerto Rico to receive funding from the “Uniendo a Puerto Rico Fund.” The fund has $504.7 million available during a 10-year period to support fixed broadband projects by companies in the Puerto Rico market. Another $186.5 million is available under the Connect […]
Integro Foundation, a nonprofit organization established on the island in 2015, collaborated with Binance Charity to raise $1M and donate 200,000 KN-95 masks in Puerto Rico as part of the “Crypto Against COVID-19 Campaign.” A total of 500,000 masks are being donated to Brazil, Brazilian Amazon, South Africa, Bermuda, Barbados, St. Lucia, Dominican Republic, and Navajo […]
Fundación MAPFRE has launched a new edition of its research grant program worth a total of $282,523, aimed at researchers and research teams in both the academic and professional world that wish to develop research programs independently or within the area of the universities, hospitals, companies or research centers they belong to. The Foundation offers its Ignacio […]
Lifted by efforts to help residential and business customers navigate the COVID-19 quarantine and lockdown, Liberty Puerto Rico reported $109 million for the second quarter, a 5.1% increase compared to the same period in 2019, and a 4.3% jump over the first quarter in 2020. The financial results showed that Liberty added 33,500 revenue generating […]
Thoma Bravo, a private equity investment firm founded by Puerto Rican entrepreneur Orlando Bravo, announced the sale of its portfolio company Ellie Mae to Intercontinental Exchange (ICE), in a deal worth $11 billion. Ellie Mae, based in Pleasanton, CA with approximately 1,700 employees, was founded in 1997 with a mission to automate and digitize the […]
Puerto Rico’s Resident Commissioner in Washington Jenniffer González and Florida Sen. Marco Rubio introduced H.R. 7577, a bill that would help boost Puerto Rico’s economy and position the island as a “hub,” or national production center, of medical equipment and drugs. This bicameral initiative encourages companies that are currently producing pharmaceuticals and medical devices abroad, […]
A new application called the Colecturía Digital Móvil was recently launched to ease the purchase of Treasury Department payment vouchers required for dozens of government transactions, particularly at the Department of Transportation and Public Works’ Drivers Services Office (CESCO). Once the mobile app is downloaded, the user registers, selects the agency that requires the voucher, […]
Passenger traffic at Luis Muñoz Marín International Airport dropped 62.4% year-over-year in July, affected by “severe downturns in business and leisure travel stemming from the COVID-19 pandemic,” Grupo Aeroportuario del Sureste confirmed. In July, a total of 363,935 passengers arrived at the LMM, which is operated by Grupo Aeroportuario del Sureste’s local subsidiary, Aerostar Airport […]
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