A three-student team representing the University of Puerto Rico in Río Piedras won the 14th edition of the Enactus Puerto Rico social entrepreneurial competition with a clean watering filtering system called “Remora.” The proposal is based on a machine designed to work with three different filters, which remove chemicals, bacteria, biological contaminants and microplastics from […]
The Buenos Ayres Argentinian Bar & Grill, a 21-year resident of the Condado sector in San Juan, will be moving to another familiar location in Punta Las Marías, occupied by the former Che’s restaurant, this media outlet confirmed. The move is slated to happen in December. The new restaurant will be part of a broader […]
In the face of recent weather disturbances, FEMA along with Puerto Rico’s Central Office for Recovery, Reconstruction and Resilience, or COR3, approved more than $16 million in additional grants for repairs after Hurricane María, the agencies confirmed. The allocated funds are for the week of July 24-30 and cover 88 projects related to the island’s post-storm recovery and reconstruction. Among the […]
Evertec Inc. today announced results for the second quarter ended June 30, 2020, which reflected a revenue decrease of 4% to $117.9 million, compared with $122.5 million in the prior year. The revenue decline in the quarter reflected a slowdown in transactions resulting from COVID-19 with sequential monthly recovery as businesses reopened in Puerto Rico […]
In testimony submitted to the U.S. House Committee on Natural Resources, Institute for Energy Economics and Financial Analysis (IEEFA)’s Director of Finance Tom Sanzillo warned of “significant problems” with a recent agreement for LUMA Energy to take over transmission and distribution (T&D) of Puerto Rico’s electric power grid. The agreement that the government announced in June […]
After almost four years of service as a member of the Financial Oversight and Management Board for Puerto Rico, José Ramón González announced he has informed the White House that he will not be available to continue holding over in his current appointment beyond Aug. 31, nor will he be available for re-nomination to a […]
Discover Puerto Rico announced that as a result of the government’s delay in the opening date for inbound tourism — shifting to only accepting essential travelers — traffic and hotel demand have dropped. The island’s destination marketing organization cited data from STR — an analytics and marketplace insights firm — that shows that hotel demand […]
Four months after closing its merger with Sprint, wireless carrier T-Mobile announced it has wrapped up unifying the brands as one across the U.S. mainland and Puerto Rico. T-Mobile rebranded 20 Sprint stores across Puerto Rico and the U.S. Virgin Islands, pushing its new number of stores, kiosks, mobile units and trailers to 70, company […]
Wireless carrier AT&T announced that its 5G network is now live for consumers and businesses across the country, including 18 additional towns in Puerto Rico. The carrier’s 5G coverage now includes: Adjuntas; Ceiba; Ciales; Guánica; Guayanilla; Jayuya; Lajas; Lares; Las Marías; Maricao; Morovis; Naguabo; Orocovis; Peñuelas; Sabana Grande; San Sebastián; Utuado; and Yauco. “5G is […]
As part of a comprehensive infrastructure and technology investment plan that exceeded $9 million, the Sagrada Familia credit union inaugurated a new branch in Naranjito, which also houses its first mortgage center in the mountain region. The recently inaugurated building represents the completion of a modernization period the cooperative began several years ago, which included […]
The management of the José Miguel Agrelot Puerto Rico Coliseum announced it has postponed events scheduled for the month of August due to the increase in positive cases of COVID-19 on the island. The venue is also working on the availability of new dates with show producers to establish the calendar for the coming months, […]
RVI Puerto Rico and Plaza Palma Real Shopping Centers won gold at the Global MAXI Awards 2020 in the “Launch” category for their “More For You” (“Más para ti”) campaign. More than 238 marketing campaigns were submitted, in which the Plaza Palma Real shopping center in Humacao won “for its commitment to quality and excellence […]
The Puerto Rico Ports Authority, which owns the Luis Muñoz Marín International Airport in Carolina, will receive more than $2.5 million under the Federal Emergency Management Agency’s Hazard Mitigation Grant program. The funds are for the proposed design and installation of a combined heat and power generation system at the facility, the federal agency said. The project […]
The Musical Arts Corporation (CAM, in Spanish) and the Institute of Puerto Rican Culture (ICP, in Spanish) will collaboratively hold a series of keynote conferences called “Musical Factories,” to train and offer entrepreneurial tools to professional and developing musicians. This new training project will be an extension to the ICP Cultural Factories initiative, and participation […]
The Fiscal Agency and Financial Advisory Authority, or AAFAF, announced the completion of the 2020 edition of its José M. Berrocal summer internship program, Executive Director Omar Marrero confirmed. He said that, through this internship, the agency sought to promote the research and professional development of the participants in the areas of public finance, accounting, […]
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