The Puerto Rico Public Health Trust announced the launch of the “Reverdece Tu También” public service campaign aimed at prioritizing mental health. The effort was developed by Puerto Ricans for Puerto Rico by the U.S. Department of Health and Human Services, after the passage of Hurricane María. It is aimed at promoting emotional resistance by […]
A coalition of labor unions and businesses has joined to distribute needed tents and other essential supplies to assist Puerto Ricans struggling in the aftermath of the devastating earthquakes that have rocked the island since December. “It is frankly unimaginable for a community to have to confront two natural disasters on top of an economic […]
T-Mobile US Inc. and Sprint announced that after receiving a favorable decision in U.S. District Court for the Southern District of New York the companies are now taking final steps to complete their merger to create the New T-Mobile. “T-Mobile has redefined itself over the past decade as a maverick that has spurred the two […]
Icahn Automotive, an Icahn Enterprises L.P. company, which owns and operates Pep Boys, has completed its acquisition of Tecnicentros Mundial, a six-location automotive service chain in Puerto Rico. The financial terms of the agreement were not disclosed. The Tecnicentros Mundial locations in Caguas, San Juan Centro, Río Piedras, Campo Rico, Dorado, and Ponce will be […]
As part of its capital improvement program, the Puerto Rico Ports Authority has opened the bidding process to renovate the Antonio Rivera-Rodriguez airport in Vieques, at a cost of $1.5 million, the agency’s Interim Executive Director Joel A. Pizá-Batiz announced. The improvements include the replacement of the terminal’s metal roof, reconditioning the roof of the […]
The iconic Copamarina Beach Resort & Spa in Guánica has resumed its operations for the first time since the island’s southern region began experiencing a string of earthquakes and aftershocks. The property did not suffer significant structural damage but had not received guests since the Jan. 7 earthquake, which cut off Road #333 that connects […]
Panda Express stores throughout Puerto Rico announced its brand fundraiser initiative that benefits local nonprofit organizations, who will receive 20% of the restaurant’s total sales through Mar. 31. Panda Express stores will also provide guidance and assistance for booking and day-of details, Executive Lynnette Vélez said. “We’re committed to the communities that help us thrive, […]
Banco Popular announced that, as part of its efforts to help mitigate problems caused by recent seismic events, it will be offering a series of orientations under the JumpStart program, for commercial customers affected in municipalities included in the Federal Emergency Management Agency’s emergency declaration. The initiative will be allocating funds for any need that […]
The Puerto Rico Open, official PGA TOUR tournament, announced it will hold its 12th edition from Feb. 17-23, 2020, at Coco Beach Golf & Country Club in Rio Grande. Since its inception in 2008, the Puerto Rico Open has contributed to elevate the careers of several PGA TOUR stars, such as: Jason Day, Tony Finau, […]
A total of 496 bankruptcy cases were at the U.S. Bankruptcy Court in Puerto Rico during the month of January, representing a 2.3% drop from the same month last year, according to statistics released by analyst firm Boletín de Puerto Rico. The report shows that Chapter 13 personal reorganization cases prevailed, with 303 cases on […]
This year’s edition of the Financial Awareness Video Contest co-sponsored by the Puerto Rico Bankers Association and the Federal Reserve Bank of New York focused on the importance of implementing eco-friendly practices and the effective use of social networks as part of the strategies to develop and establish a profitable business. For more than 10 […]
Simon Property Group Inc. and Taubman Centers Inc. have entered into a definitive agreement under which Simon will acquire an 80% ownership interest in The Taubman Realty Group Limited Partnership (TRG), the companies announced. In Puerto Rico, Simon Property Group owns the Puerto Rico Premium Outlets in Barceloneta and the Plaza Carolina shopping center. […]
The Financial Oversight and Management Board for Puerto Rico has reached an agreement with certain Commonwealth bondholders to resolve $35 billion of debt and non-debt claims via a revised plan of adjustment. The new agreement reduces the Commonwealth’s debt service (including principal and interest from the COFINA Senior Lien bonds) by 56%, to $39.7 billion […]
U.S. Customs and Border Protection (CBP) Officers and Import Specialist seized 138 shipments of counterfeit products during the month of January, including stacks of fake $100 bills. The estimated value of all the counterfeit products seized is $4.2 million, the agency confirmed. “CBP alone cannot stem the tide of counterfeit and pirated goods,” said Leida Colón, […]
The U.S. Small Business Administration announces the opening of the submission period for a funding opportunity through the State Trade Expansion Program (STEP). The purpose of the grant opportunity is to invite proposals for funding from eligible state entities interested in, and capable of providing assistance, guidance and tools to qualified small businesses looking to […]
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