An arbitration panel awarded customers of UBS Wealth Management in Puerto Rico more than $4.8 million in their lawsuit against the brokerage firm, according to law firm Shepherd, Smith, Edwards & Kantas. The firm has filed and continue to pursue lawsuits against the brokerage firms and its brokers that were “involved in selling these toxic […]
The United Automobile Importers Group announced that a total of 7,631 new cars were sold in Puerto Rico last month, representing a 21.2% decrease compared to the 9,724 units sold during the same month last year. The trade group known as GUIA for its initials in Spanish, said the segments that saw the biggest sales […]
The improvement project underway at the Mercedita International Airport in Ponce are moving ahead as scheduled, representing an investment of $11.8 million Puerto Rico Ports Authority executive director Anthony Maceira said. Mercedita is the island’s third-largest airport on the island based on passenger volume. For fiscal year 2018-2019, which ended June 30, Ponce’s Mercedita Airport […]
The Puerto Rico Fiscal Agency and Financial Advisory Authority (known as AAFAF in Spanish) published a Request for Qualifications (RFQ) that seeks to identify qualified parties to manage properties owned by the Puerto Rico Industrial Development Company. The RFQ is meant to identify one or more qualified parties who manage properties, which include lands and […]
Gauss Research Laboratory Inc, the registry operator for .PR, Puerto Rico’s top-level domain, and Afilias, its technology partner, announced that the .PR domain will reach 30 years of service to both the Puerto Rican internet community and the public relations industry on Aug. 27, 2019. “We’re pleased to reach the milestone of 30 years of […]
Pharmacy benefit manager Abarca and Molina Healthcare Puerto Rico announced they have entered into a two-year agreement to offer Medication Therapy Management (MTM) services to Molina’s members. This service will be powered by Abarca’s Darwin RxTarget module, which will focus on key quality measures to improve access to preventive care, the companies said. “When it […]
The Institute of Puerto Rican Culture and Grupo Guayacán Inc. have signed a collaborative agreement to offer training services, support and mentoring to participants of the institute’s Cultural Factories and staff. As part of the agreement, the Institute will offer Guayacán the use of its facilities for its business development programs. “One of the Institute’s […]
A total of 60 new entrepreneurs will have a chance to turn their business idea into reality through the “CUD Start Your Business” competition, an initiative by the United Retailers Association that offers tools needed to establish a business. Participants have until Aug. 22 to submit their proposals through the centrounido.com website. “We are convinced […]
Federal Communications Commission Chairman Ajit Pai circulated a draft order that would approve, subject to conditions, the proposed merger between T-Mobile and Sprint. His decision received immediate backing from the U.S. Justice Department, which stressed on the order’s proposal of the divestiture of Boost Mobile, Virgin Mobile, and Sprint prepaid to Dish Network Corp. “After […]
The Puerto Rico Ports Authority will be making runway improvements at the Arecibo, Ceiba, and Mayagüez airports, representing an investment of $10.2 million, agency Executive Director Anthony Maceira said. Ports has a pavement inspection program at all airports under its jurisdiction, according to the standards set by the Federal Aviation Administration and the American Society […]
A “record-breaking” group of 27 start-ups kicked off the finalist phase of Grupo Guayacán Inc.’s 2019 EnterPRize Competition, the entity announced. More than 30 collaborators, sponsors, and mentors participated in a judging session on Aug. 9, in which they evaluated pitches from 40 semi-finalists to select the group that would go on to compete for […]
Bidwise, a Puerto Rico-based technology company that provides performance marketing services to online retailers, has been recognized by Inc. Magazine on its list of the 5000 fastest-growing private companies in America. Bidwise helps online stores increase sales through its commerce advertising platform, which delivers ads based on a user’s shopping intent. Each year, Inc. Magazine […]
Spotery receives $225K National Science Foundation grant for geo-location project Spotery, a company that operates a system to manage under-used space in Puerto Rico, received a $225,000 grant from the National Science Foundation and its Small Business Innovation Research program to conduct research and development for a “Geolocation Name System Development” project. The goal of […]
National University College unveiled the new offering of its National School of Culinary Arts, through which it will run a culinary arts programs in its 13 extension centers, President Gloria E. Baquero announced. The curriculum will be “comprehensive and tempered” to the demands of the labor market. “Students need access to new information, trends and […]
OFG Bancorp announced it has filed applications at four regulatory agencies for consent of its proposed acquisition of Scotiabank de Puerto Rico, according to public notices published Tuesday. The petitions to the Federal Reserve, the Federal Deposit Insurance Corp., the Puerto Rico Office of the Commissioner of Financial Institutions and the U.S. Virgin Islands Banking […]
The San Juan Field Office of U.S. Customs and Border Protection announced the upcoming implementation of Mobile Passport Control in three points of entry in Puerto Rico Puerto Rico. U.S. citizens and Canadian visitors will now have the option of MPC processing. MPC expedites the entry to the United States from foreign by using a […]
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