PRHTA hails decision to include hotels, casinos in SBA’s aid program
April 28, 2020
The Puerto Rico Hotel & Tourism Association on Monday hailed the change in the U.S. Small Business Administration’s Payment Protection Program that allows hotels with casinos to benefit from the loans. “Since the CARES Act was announced last April, to mitigate the impact of the COVID-19 pandemic, the PRHTA has worked continuously to correct the […]
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Sun West Mortgage creates 25 temporary jobs during quarantine
April 28, 2020
Sun West Mortgage has created 25 temporary jobs during the quarantine to provide career growth opportunities to those interested in pursuing a career within the mortgage industry and to support the production of their mortgage loans in Puerto Rico and the U.S. mainland, it announced. Additionally, the company is calling those interested in banking to […]
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Puerto Rico’s film industry takes $80M hit from COVID-19 pandemic
April 27, 2020
Puerto Rico’s thriving film industry has taken an $80 million hit from the measures taken to fight the spread of the COVID-19 virus, as have many other jurisdictions favored by Hollywood producers. The shelter-in-place and business lock-down orders the island’s government issued on Mar. 16, have meant the cancellation of some 21 production projects that […]
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Oversight Board makes suggestion to gov’t on use of $2.2B CARES Act funds
April 27, 2020
The Financial Oversight and Management Board for Puerto Rico offered the central government suggestions on how to spend the $2.2 billion allocation through the CARES Act to finance unbudgeted expenses related to the pandemic “in a way that is consistent, efficient, and transparent.” “The funds provided by the CARES Act are considerable and, if used […]
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UPR-Mayagüez gets $750K grant to develop traffic congestion solutions
April 27, 2020
The University of Puerto Rico’s Mayagüez campus (known as the RUM in Spanish) will receive $750,000 in grant funding over three years to participate as a member of the National Institute for Congestion Reduction, a project led by the University of South Florida, it announced. The Florida college received a $7.5 million grant from the […]
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Por Onza package-free shop to open in Cabo Rojo
April 27, 2020
Por Onza, a sustainable, package-free shop is slated to open in the southwestern town of Cabo Rojo to offer a variety of locally harvested products, owner Wilvette González confirmed. The concept is about letting customers buy the products in bulk, which they will pack in their own reusable containers, González said. “Each person will serve […]
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OpEd: Puerto Rico real estate market takes pause during COVID-19
April 27, 2020
The Puerto Rico real estate market has taken a pause and awaits the return of buyers, who are sure to be enticed with low interest rates, investor incentives, the possible revival of the pharmaceutical industry, and thoughts of living in a tropical, social-distancing safe haven. When will the market get the green light to handle […]
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Liberty LatAm launches COVID-19 PSA channels in region
April 27, 2020
In response to the coronavirus pandemic (COVID-19), Liberty Latin America Ltd. announced it has launched PSA (public service announcement) channels and content loops to educate audiences on the public health crisis and combat misinformation about COVID-19 across communities in the Caribbean and Latin America. In Puerto Rico, more than 50% of Ch. 85’s daily programming […]
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Puerto Rico Society of CPAs marks ‘IT Week’ with webinar series
April 27, 2020
The Puerto Rico Society of CPAs will celebrate “IT Week,” comprising four webinars to educate members and citizens up-to-date on relevant issues during the COVID-19 emergency, the trade group announced. “The Puerto Rico Society of CPAs has always been committed to keeping our professionals at the forefront of relevant issues,” said David E. González-Montalvo, president […]
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2 local companies join to create pressurized medical testing booths
April 24, 2020
JERO Industrial and EQ Plastic & Designs, announced the design, development, and production of the HEROES line pressurized and secured medical/laboratory testing booths, which allow first responders to continue providing health services while being protected against exposure to COVID-19. The two companies, each with more than 15 years of experience in sales/service of industrial equipment […]
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Puerto Rico’s self-employed may file unemployment claim starting April 28
April 24, 2020
Puerto Rico’s self-employed population will be able to apply for unemployment benefits through the Labor Department starting April 28, agency Secretary Briseida Torres said. The benefit will be available for first time for independent contractors through the Pandemic Unemployment Assistance program created through the CARES Act signed into law Mar. 27, to aid workers whose […]
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FEMA obligates $365M to rebuild Puerto Rico’s water systems
April 24, 2020
The Federal Emergency Management Agency has obligated more than $365 million for permanent and emergency work on 182 projects to repair and upgrade potable water and sewer systems and other water control facilities across Puerto Rico, it announced. More than half of the funds are for permanent work projects. “Our investment in the island’s water […]
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Oversight Board calls for ‘gradual reopening’ of Puerto Rico’s economy
April 24, 2020
Saying the priority at this time should be broader testing for COVID-19 in Puerto Rico, the Financial Oversight and Management Board for Puerto Rico urged “a gradual reopening of certain elements of the economy to contain the financial effect on the economy as a whole.” In a letter sent to Gov. Wanda Vázquez, Oversight Board […]
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Private sector calls for reopening Puerto Rico’s economy
April 24, 2020
Saying that six weeks after the government of Puerto Rico established a strict lock-down the private sector is not producing economic activity, newly created group Movement for a Healthy Economy said it is time to reopen the economy. The island’s private sector reportedly generates 94.3% of the value of Puerto Rico’s productive activity, while the […]
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Q Link Wireless to provide service in Puerto Rico
April 24, 2020
Starting April 13, Florida-based Q Link Wireless will be providing new subscribers in Puerto Rico with 3GB of data, unlimited talk and text, free SIM card shipping and zero phone bills for life, the carrier announced. New subscribers can bring their own phones to the Q Link Wireless network with a bonus of 5GB for a […]
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