The Federal Reserve Bank of New York today announced a new format for the “High School Fed Challenge,” an annual competition designed to enhance and promote economic education. Any high school in the Federal Reserve’s second district — which includes New York State, Northern New Jersey, Puerto Rico, the U.S. Virgin Islands, and Fairfield County, […]
The Puerto Rico Workers Federation, AFL-CIO, headed a group of about 35 unions who met with Gov. Wanda Vázquez and administration officials to present a list of suggestions to “ensure the health and safety of all workers” as the island’s economy reopens amid the COVID-19 health crisis. During a meeting at the Puerto Rico Convention […]
The COVID-19 pandemic has brought disorientation and confusion on all fronts, and one of them is the business legal arena, and what’s applicable and what isn’t in a situation as unique as this. From huge business transactions to everyday ordinary ones, everything seems unclear. For example, in recent days we have heard complaints from many […]
U.S. Customs and Border Protection San Juan Field Operations announced Tuesday the seizure of a shipment consisting of 844 counterfeit alloy car wheels imported into Puerto Rico. The estimated manufacturer suggested retail price of all the counterfeit products seized is approximately $238,000, had the goods been genuine, the CBP said. “Purchasing knock-offs of high-end, […]
The Financial Oversight and Management Board for Puerto Rico today presented the 2020 Fiscal Plan for the Commonwealth of Puerto Rico for certification, which calls for, among other actions, a one-year delay in most government rightsizing activity to allow it to focus on structural reforms and efficiency measures. The document will be up for the […]
The Puerto Rico Labor Department has disbursed nearly $727 million in unemployment benefits to more than 210,000 beneficiaries since April 1, agency Secretary Briseida Torres said. She said $569 million have been disbursed from the regular Unemployment Insurance Program in the past two months, including federal supplementary aid approved by the CARES Act, since April […]
Puerto Rico restaurants have been given the green light to reopen for business, at reduced capacity and under physical distancing restrictions that are prompting most to reboot to move forward. One major consequence of the distancing required to contain COVID-19 contagion is the virtual elimination of the self-serve buffet concept, which is now a thing […]
Liberty Latin America Ltd. announced that its subsidiary, Liberty Puerto Rico has issued $90 million in senior secured notes to support the funding needed for its acquisition of AT&T Puerto Rico’s assets on the island and the U.S. Virgin Islands. The sale of additional 6.75% Senior Secured Notes due 2027 was executed on a private […]
The Puerto Rico Federal Affairs Administration launched a virtual booking website to “better serve” the 1.2 million Puerto Ricans currently residing in the state in Florida through the COVID-19 crisis. The website will allow the Puerto Rican community in Florida to request an appointment in real-time and receive in-person services offered by the center located […]
The Puerto Rico Ports Authority will open bidding processes to make needed improvements to the Culebra and Arecibo regional airports, representing a combined investment of some $11 million, the Interim Executive Director of Ports, Joel A. Pizá-Batiz, said. “Ports conducted a pavement inspection program at every airport, including Culebra and Arecibo, evaluating conditions according to […]
In anticipation of the reopening of his two salons in Guaynabo and Condado today, professional stylist Esteban Montes has activated a sweeping safety protocol to protect customers and employees from exposure to the COVID-19 virus, he confirmed. In an interview with this media outlet, Montes said the operational shutdown that began March 16 has represented […]
DDB Latina Puerto Rico and Buena Vibra Group announce the creation of the SPYN.LIVE platform, a digital tool that will change the entertainment industry. SPYN.LIVE will allow the consumer to live the experience of a virtual concert that will feature the traditional elements of face-to-face shows such as lights, screens, pyrotechnics, dancers and musicians, among […]
I’m sure that many folks reading this publication might consider that my headline is just an utter exaggeration. Nonetheless, as the COVID19 pandemic ravages the globe and the specter of another drought in Puerto Rico starts to worry an already distressed populace, my assertion seems to be not all that absurd. We can’t forget that […]
“Dollar for Dollar against Hunger” is the new campaign launched by the Food Bank of Puerto Rico to continue its urgent mission of mitigating hunger in the midst of the COVID-19 pandemic and effectively facing the next hurricane season, the nonprofit said. The Food Bank launched an online campaign featuring a number of videos with […]
The Puerto Rico Hotel & Tourism Association confirmed that tourism and organization members are “ready for the staggered opening proposed by the government, and are ready to implement the necessary precautionary measures,” the group’s President Clarisa Jiménez said. “Since we’re aware that there will be a staggered reopening by the government for economic activities, we […]
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA