Ericsson is partnering with Liberty Latin America Ltd. in an upgrade of its mobile core network and to accelerate path toward new technologies in the Caribbean and Latin America, the companies said. Liberty has chosen Ericsson as its sole mobile core network vendor in a major network modernization drive. The three-year deal will see Ericsson […]
Gov. Wanda Vázquez confirmed the distribution of $108.9 million to Puerto Rico’s private hospitals to support COVID-19 emergency-related expenses through the CARES Act Private Hospitals Assistance Program. “This multi-million-dollar distribution of funds, which began during the first week of June 2020, represents an important step forward in the response to the emergency caused by COVID-19,” […]
The Puerto Rico Treasury Department disbursed additional $26 million in income tax return refunds for the 2019 tax year, pushing the total number of payments to more than $400 million, agency Secretary Francisco Parés said. “This week we’re sending refunds of $26,247,554 to some 35,116 taxpayers. Our commitment is to continue disbursing all the aid […]
During the decade spanning 2010 to 2019, Puerto Rico’s population under 18 years of age reflected a drop of 324,293 residents, representing 36% decrease. As of July 1, 2010, this population was 897,024, nine years later in 2019 it is estimated at 572,731, according to the U.S. the Census Bureau’s most recent annual population estimates […]
Friends of Puerto Rico, a nonprofit that supports the economic development through entrepreneurship education, will host, the graduation of the first cohort of the SEEDS youth entrepreneurship program on July 30, representatives announced. SEEDS is an afterschool program that is done in partnership with Instituto Nueva Escuela. Together, both organizations will graduate 83 youth entrepreneurs […]
The Hyatt Place San Juan, Bayamón and Manatí hotels, as well as the Hyatt House in San Juan, will start to receive guests on July 1, implementing security measures against the spread of COVID-19 and offers for Puerto Rico residents, said Francisco Mariani, manager of Hyatt in Puerto Rico. “The safety of our guests and […]
Luxury vehicle brand Genesis, distributed locally by Sojitz of Puerto Rico, will open its “Genesis Mall Experience,” a $4.5 million dealership located in Plaza Las Américas at the end of July. With a total of 20,000 square feet, the space at the former Borders bookstore is divided into two main areas — sales and service. […]
A study by the Chamber of Marketing, Industry and Food Distribution (MIDA, in Spanish) confirmed what was a broadly felt perception among consumers: they spent more on their purchases during the three-month lockdown in Puerto Rico. The results of the “Behind the mask…a Consumer X-Ray 2020” study show that 85% of consumers who participated in […]
The Federal Emergency Management Agency announced an obligation of more than $9.5 million to the Puerto Rico Department of Transportation and Public Works to replace signs on 238 roads covering approximately 496 miles in the Aguadilla, Arecibo and San Juan regions. Some 890,000 residents comprising much of the northern and western region of the island […]
Raytheon Technologies has committed $5 million to Feeding America to support local food banks, including the Food Bank of Puerto Rico, to help provide essential food and items to citizens in need during the COVID-19 pandemic. The need for food assistance in Puerto Rico has increased by 46% as a result of the health crisis, […]
Pennsylvania-based Duck Donuts announced the opening of its first Puerto Rico franchise store located in Plaza Río Hondo in Bayamón. This store is the first of three Duck Donuts franchise locations planned for Puerto Rico, in partnership with local entrepreneurs Jorge Ramos, Juan Carlos Piñero, and Delmarie Ayala over the next three years. This media […]
The pre18 program, one of the entrepreneurship support initiatives of the Puerto Rico Science, Technology and Research Trust, announced its traditional Applicathon: individualized sessions to help businesses complete the pre18 application. The event will take place virtually on June 26-27 and July 3-4 from 9 a.m. to 3 p.m. Participants will have 30 minutes to […]
Three weeks after opening their doors following the COVID-19 lockdown, shopping centers say the industry is ready to resume regular operations starting July 1. In a statement, the Puerto Rico Shopping Centers Association said they want the governmentto allow them to go back to operating without limiting the customer traffic, open valet parking and the […]
Pink’s restaurant has officially opened a new location on Ashford Ave. in the Condado sector of San Juan, at an investment of more than $150,000, company officials announced. This store joins another operating on Loíza Street and is one of several more locations planned in coming months, said Héctor Westerband, co-owner and operator of the […]
U.S. Customs and Border Protection (CBP) San Juan Field Operations announced the seizure of counterfeit designer pendants and jewelry imported into Puerto Rico from Hong Kong via air courier. The estimated manufacturer suggested retail price of all the counterfeit products seized is approximately $1.2 million, had the goods been genuine, the agency said. “Consumers […]
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA