Financial institution FirstBank has established a $250,000 relief fund to support the recovery of communities in the southwest area that were affected by the recent earthquakes. During the first phase of the effort, the bank partnered with five nonprofit organizations that are offering services to families with pressing needs, namely: Centro de Microempresas y Tecnologías […]
The U.S. Department of Health and Human Services’ Office of the Assistant Secretary for Preparedness and Response announced it has activated its Emergency Prescription Assistance Program (EPAP) for Puerto Rico to give residents access to the critical prescription medications they need. The program pays for prescription medications for people without health insurance who are affected […]
The members of the Puerto Rico Retail Trade Association (known as ACDET) and the Association of Emergency Managers and Security Professionals (known as AMEPS) joined forces to deliver entertainment for children and adults living in shelters after earthquakes hit the island’s southern region. Walgreens, Best Buy, Pepe Ganga, Walmart, Novus, Bakers, Pueblo and Sam’s Club, […]
Kroll Bond Rating Agency has assigned senior unsecured debt and deposit ratings of BBB- and short-term debt and deposit ratings of K3 to Oriental Bank, with a stable outlook for the long-term debt and deposit ratings. “The ratings for the bank are underpinned by its sustained level of profitability, including the ability to accrue equity […]
Technology firm Expedition Communications this week installed satellite Internet connectivity systems with Wi-Fi in shelters in Guayanilla, Peñuels and Guánica, to help connect earthquake evacuees, the company announced. The system in installed Guayanilla is delivering speeds of more than 25Mbps and is “providing reliable internet connectivity in uncertain times for the hundreds of people living […]
The Puerto Rico Pharmaceutical Industry Association confirmed that after the earthquake and subsequent aftershocks registered on the island on Jan. 7 and since, biopharmaceutical manufacturing plants are back online. “The biopharmaceutical industry has robust continuity plans to assure the steadiness of its supply of lifesaving medicines that are produced locally,” said PIA Chair Wendy Perry. […]
U.S. District Court Judge Pedro Delgado-Hernández ruled against 40 defendants for selling and distributing counterfeit Playero Inc. products, slapping them with a global fine of more than $1 million for the infringements, this media outlet learned. According to the default judgment and permanent injunction issued Wednesday, the defendants were found guilty of breaching the familiar […]
The U.S. Environmental Protection Agency is responding to the recent series of damaging earthquakes in Puerto Rico, working under a Federal Emergency Management Agency mission assignment focused on lending aid to the U.S. Army Corps of Engineers and local government agencies as they assess water infrastructure. The EPA is also using its own authorities to […]
A group of doctors and volunteer staff from Atlantis Health Care Group visited the municipalities of Ponce, Guayanilla and Yauco recently, offering medical services and distributing essential items to several of the communities with the greatest structural damage and whose citizens have been emotionally affected. “It was really shocking to see so many homes collapsed […]
Mobile connectivity is crucial in the wake of a natural disaster as consumers seek to connect with loved ones and vital services. This is made all the more difficult by the fact that natural disasters can also wreak havoc on the infrastructure that supports that connectivity, including electrical power. To support recovery efforts, we used […]
Starting Friday, anyone who has been evacuated from their homes in the island’s southern area due to seismic activity, will have access to the Costa Bahía Hotel and Convention Center in Guayanilla’s laundry service, the property’s management announced. “In our hotel we recognize the situation that our neighbors in the south of the island are […]
Walgreens announced it is supporting relief efforts in Puerto Rico as many communities work to recover in the aftermath of earthquakes that impacted the region last week. Beginning Jan. 15, Walgreens customers throughout Puerto Rico and South Florida can make donations at store checkout to the American Red Cross earthquake relief. The store donation program […]
The almost non-stop sequence of earthquakes that have rattled Puerto Rico for the better part of the last two weeks will “exacerbate the commonwealth’s challenges as it tries to rebuild its economy,” Moody’s Investors Service said in a commentary. “The events highlight the significant environmental risks faced by Puerto Rico and businesses considering investment on […]
Sonnedix, a global independent solar power producer, announced the completion of a non-recourse financing of solar photovoltaic plants in Puerto Rico, at a value of $15 million. City National Bank, Florida’s third-largest bank, acted as lender, the company said. Sonnedix started operations in Puerto Rico in 2015, where it currently has two operational solar PV […]
The Federal Emergency Management Agency and the Central Office for Recovery, Reconstruction and Resilience, or COR3, have obligated more than $2.7 million in additional funds for 22 recovery and reconstruction projects in Puerto Rico. These funds were obligated Jan. 3-9, the agencies said. “FEMA and COR3 continue to work together to develop strategies that advance […]
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA