The U.S. Environmental Protection Agency is proposing a cleanup plan to address contaminated soil at the former Agrocampos Inc. warehouse in Arecibo, which was used as a pesticide storage facility. The EPA’s plan includes removing and disposing of contaminated soil from the site and the long-term monitoring of the groundwater to protect people’s health. The […]
During the decade from 2010 to 2019, Puerto Rico lost 14% of its population. What forced Puerto Ricans to emigrate? On July 26, the first part of the “Beyond the Census: The Demographic Crisis of Puerto Rico,” premiered on the YouTube platform. The documentary series presents the factors associated with the emigration of Puerto Ricans […]
Sometimes it seems that the famous Colombian author Gabriel Garcia Marquez had used Puerto Rico as the model for at least two of its best-selling novels. Many make reference to Puerto Rico being like “Macondo” from “100 Years of Solitude.” As we endure the effects of Tropical Storm Isiah, and with the background of the […]
The Federal Emergency Management Agency (FEMA) and the Central Office for Puerto Rico Recovery, Reconstruction and Resilience, or COR3, confirmed the allocation of $14 million in additional funds for 83 projects related to the recovery and reconstruction of Puerto Rico due to Hurricane María. Among the most recent obligations is more than $691,000 for the […]
Discover Puerto Rico, the island’s destination marketing organization, confirmed that hotel occupancy and airline capacity have dropped in the past week or so following the government’s decision to roll back the reopening of the island to visitors. In its latest industry report, Discover Puerto Rico said that “after a month of increases in hotel occupancy […]
https://media.blubrry.com/dollarsandsensenewsismybusines/newsismybusiness.com/wp-content/uploads/2020/07/NIMB-Podcast-2020-Luma-Energy_mixdown.mp3Podcast: Play in new window | DownloadSubscribe: Apple Podcasts | RSSIt has been a little more than a month since the Puerto Rico Public-Private Partnership Authority announced that LUMA Energy had been chosen to operate, maintain and modernize the Puerto Rico Electric Power Authority’s electricity transmission and distribution system for the next 15 years. Since […]
First BanCorp., parent company of FirstBank Puerto Rico, announced results for the second quarter and six months ended June 30, reporting net income of $21.3 million and $41.2 million for the periods, respectively. The second quarter result reflects a growth from the $2.2 million reported for the three-month period ended March 30, and a 48% […]
U.S. Customs and Border Protection San Juan Field Operations announced the seizure of 100 counterfeit Nintendo Mini Gaming consoles inside a parcel package coming from Hong Kong into the Rafael Hernández International Airport Cargo facility. The estimated manufacturer suggested retail price of the seized products is about $326,000, had the goods been genuine, the […]
For a decade, we have heard that the cloud has changed the way we interact with technology. We have real-time access to data, instant information, live connected and faster communications. We’re talking about productivity, competitiveness, mobility and flexibility. The cloud is transforming us. But not all clouds are created equal. The “first generation cloud” was […]
Bluetide Puerto Rico Inc. has opened the call for Request for Proposal to design and provide a “Strategic Implementation Plan for the Blue Economy” to cover the geographical region of Puerto Rico and the U.S. Virgin Islands. “The objective of this RFP is to plan and design Blue Economy initiatives to expand Puerto Rico’s ocean-dependent […]
Liberty Puerto Rico customers donated $96,450 to Liberty Foundation, making it possible for 2,000 public high school students in the island’s southwest region to finish the semester through the “Give a Child the New Virtual School” project The money was raised in response to a call that Liberty made to its customers to donate the […]
First BanCorp., the parent company for FirstBank Puerto Rico, announced it has received the requisite regulatory approvals local and federal banking regulatory agencies to wrap up its acquisition of the Puerto Rico operations of Banco Santander Puerto Rico. First BanCorp. got the go-ahead from the Board of Governors of the Federal Reserve System, Federal Deposit […]
OFG Bancorp, the parent company of Oriental bank, reported net income available to common shareholders totaled $20.2 million or $0.39 per share fully diluted, for the second quarter ended June 30. As other banks did, Oriental “faced a number of Covid-19 pandemic related challenges during the second quarter, but acting promptly and with foresight, we […]
Puerto Rico may soon have a new player in the specialty carbonated drinks category, with the launch of The Pop’d Shop soda brand, a product manufactured by a startup currently participating in business accelerator Parallel18’s Generation 8 cohort. Company founder Mark Wieder said the handcrafted soda pop line — which features four different flavors: citrus, […]
The Paseo del Caño Sur Project in Israel-Bitumul was preselected by the Central Office of Recovery, Reconstruction and Resiliency, known as COR3, to access federal funds from the Hazard Mitigation Grant Program- Section 404 of the Federal Emergency Management Agency. If selected, the Paseo del Caño Sur, which requires an investment of $66 million, would […]
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