Bayer fund grants $20K to Puerto Rico NGOs for 2nd consecutive year
July 10, 2020
Local agricultural biotechnology company, Bayer Crop Science Puerto Rico, through its Bayer Fund Grants program, recently awarded local grant donations to local non-governmental organizations focused on STEM (science, technology, engineering, and mathematics) programs for the second consecutive year. The company awarded a total of $20,000 to the Sor Isolina Ferré Centers (CSIF, in Spanish) and […]
chat_bubble0 Comment
visibility1950 Views
Op-Ed: Puerto Rico far from complying with United Nations’ Sustainable Goals Agenda
July 10, 2020
In 2015, the United Nations General Assembly held its Sustainable Development Summit. During said event, 17 objectives that make up its 2030 Sustainable Development Agenda were approved and adopted. Some 193 member countries ratified the route to a new paradigm of global development by laying out a path or blueprint for achieving it. What are […]
chat_bubble0 Comment
visibility2614 Views
Gasoline retailers hail new law banning refineries from operating gas stations
July 10, 2020
The Gasoline Retailers Association praised the approval of amendments to Law 3 of 1978, which regulates Puerto Rico’s gasoline sector to ban refineries from directly operating gasoline stations on the island. Among the amendments to the old law achieved through the new Law 60 of 2020 are: Redefining terms such as oil producer, wholesale distributor […]
chat_bubble0 Comment
visibility2320 Views
Restaurant sector leader urges ongoing compliance with safety protocols
July 10, 2020
Six weeks after the partial reopening of restaurant dining rooms after the lockdown called to curb the COVID-19 pandemic, the head of the Puerto Rico Restaurants Association, Marisol Vega, urged operators to uphold safety and hygiene protocols. The group known as ASORE in Spanish established its own set of guidelines based on Center for Disease […]
chat_bubble0 Comment
visibility1462 Views
EPA unveils tool to help water utilities assess financial impact of COVID-19
July 10, 2020
The U.S. Environmental Protection Agency released a new tool to help water utilities assess the financial impact of COVID-19 on operations, as they continue to provide drinking water and critical wastewater services during the pandemic This new tool will help provide information about the financial and operational health of water utilities, which play an integral […]
chat_bubble0 Comment
visibility1730 Views
10 Puerto Rico co.’s secure SBA-backed PPP loans of between $5M-$10M
July 9, 2020
The U.S. Small Business Administration revealed it has guaranteed nearly 2,000 loans for between $150,000 and $10 million through its Payroll Protection Program in Puerto Rico, totaling a little more than $1 billion as of June 30. These loans are added to the nearly 36,000 SBA-backed loans of less than $150,000, which represent another $741.4 […]
chat_bubble0 Comment
visibility2887 Views
25 film projects worth $148M in investments set to roll in Puerto Rico
July 9, 2020
Twenty-five romance, comedy and action films representing $148 million in investments are slated to roll in Puerto Rico beginning in the second half of this year, Department of Economic Development and Commerce Secretary Manuel Laboy confirmed. The productions are backed by the agency’s Film Industry Development Program. “This second semester of the year has a […]
chat_bubble0 Comment
visibility2791 Views
$3.6M improvements at Ceiba regional airport take flight
July 9, 2020
The Puerto Rico Ports Authority confirmed the start of runway pavement improvements at the José Aponte de la Torre regional airport in Ceiba, at a cost of some $3.6 million. Agency Executive Director Joel A. Pizá-Batiz said the project was deemed necessary as part of a pavement inspection program at all airports under its jurisdiction, […]
chat_bubble0 Comment
visibility2249 Views
Op-Ed: US DOJ issues updated int.’l anti-corruption guidance for corporations
July 9, 2020
In 2012, the U.S. Department of Justice (DOJ) issued a Resource Guide of the Foreign Corrupt Practices Act (FCPA). Since then, much has happened in the landscape of investigations and enforcement actions against corporations doing business in the United States. For starters, in 2018 the agency changed its policy from fighting corporate fraud and misconduct […]
chat_bubble0 Comment
visibility1860 Views
Brasas Buffet restaurant opens in Villalba after $180,000 investment
July 9, 2020
Brasas Buffet restaurant will open its doors in the town of Villalba this week, featuring a menu of BBQ-grilled meats and a buffet, following an investment of $180,000, the establishment’s owners said. “Villalba will have a buffet food offer for the first time,” said Owner Jorge Negrón. “We want to offer our visitors a variety […]
chat_bubble0 Comment
visibility1959 Views
Aerostar boosts protection measures at LMM airport ahead of tourism reopening
July 8, 2020
Faced with the worldwide threat posed by COVID-19, Aerostar Airports, a company that operates the Luis Muñoz Marín International Airport, has boosted security and prevention measures to protect visitors, employees and its community, company executives confirmed. During a tour of Puerto Rico’s main airport facility, Aerostar CEO Jorge Hernández said the goal is to turn […]
chat_bubble0 Comment
visibility1981 Views
Puerto Rican startup turns to unconventional data to gauge economic effect of COVID-19
July 8, 2020
Given the lack of up-to-date data for Puerto Rico’s economic activity, local startup Abexus Analytics has turned to unconventional data sources to gauge the performance of the economy during the COVID-19 crisis. The findings are included in a report titled “The Economy is not reserved for Economists,” which takes a technical tour of the issues […]
chat_bubble0 Comment
visibility3371 Views
Puerto Rico gov’t opens RFQ for $300M thermal ocean energy project in Yabucoa
July 8, 2020
The Department of Economic Development and Commerce opened the call for Request for Qualifications to identify potential candidates to develop the proposed $300 million Puerto Rico Ocean Technology Complex (PROTech) in Yabucoa. Economic Development Secretary Manuel Laboy unveiled the master plan for the project that also involves the Puerto Rico Land Administration. “PROTech is an […]
chat_bubble0 Comment
visibility2314 Views
FEMA assigns $18.5M+ in additional funds for 77 recovery projects in Puerto Rico
July 8, 2020
Reconstruction projects in Puerto Rico for Hurricane María recovery efforts continue with the assignment of more than $18.5 million in additional funds for 77 projects approved by the Federal Emergency Management Agency and the Central Office for Recovery, Reconstruction, and Resilience, or COR3. The funds were awarded between June 26 and July 1, of which […]
chat_bubble0 Comment
visibility1626 Views
Op-Ed: Developing startups via tech innovation key to Puerto Rico’s progress
July 8, 2020
Technological innovations not only transform, evolve and improve certain products or services; they also drive economic growth. To achieve such innovation, companies need to walk the talk and pave the road to success for other entrepreneurs in their economic landscape. Some actions in that direction include promoting good concepts, enabling support networks and providing adequate […]
chat_bubble1 Comment
visibility2857 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA