alma chosen as Marriott International Caribbean, LatAm new social agency
January 8, 2020
Marriott International has appointed Miami-based alma as its social media agency of record for the Caribbean and Latin American region following a competitive pitch, the agency announced. “alma will lead the company’s multilingual and multicultural social media strategy in the region. The award-winning agency, which is part of DDB Latina, will manage, create, and execute social […]
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Spirit Airlines closes purchase of South Florida land to build new $250M HQs
January 7, 2020
Less than three months after announcing plans to build a $250 million state-of-the-art headquarters in Dania Beach, Florida, Spirit Airlines confirmed it has closed the acquisition of nine acres from Kimco Realty Corp. The new corporate campus will support more than 1,000 employees in up to 500,000 square feet of space. Spirit has also executed […]
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JetBlue to go ‘carbon neutral’ on all domestic flights starting in July ’20
January 7, 2020
Puerto Rico’s largest air carrier, JetBlue, announced it will offset carbon dioxide emissions from jet fuel for all domestic JetBlue flights beginning in July 2020, as it makes steps toward reducing its contribution to global warming. As part of the airline’s plan to prepare for a changing climate, the commitments underscore JetBlue’s long-term strategy to […]
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Retailer CVS closing 3 stores in P.R. following performance review
January 3, 2020
Rhode Island-based CVS Pharmacy is closing three of its 25 stores in Puerto Rico, two in Ponce and one in Carolina, on Jan. 10, this media outlet confirmed. Amy Thibault, senior manager of corporate communications for CVS, said the closings respond to the results of a review of the financial performance of all of its […]
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P.R. manufacturing PMI dropped to 43.2 in Nov. ’19
January 3, 2020
Puerto Rico’s Purchasing Managers Index for the island’s manufacturing sector decreased to 43.2 in November and remained below the threshold level for the eighth consecutive month. A reading below the threshold level suggests a contraction in the manufacturing sector with respect to the previous month. The report shows that four out of five of the […]
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25+ restaurants to participate in ‘Burger Festival’
January 3, 2020
The creators of the Pizza & Beer Fest annual event announced the debut of the “Burger Festival,” a gathering of more than 25 local restaurants that will present their best creations on Feb. 15. The food fest will take place at the Eco’s Sports Park from 3 p.m. to 10 p.m., and with the purchase […]
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Analysis: ‘Lack of progress’ in getting P.R.’s economy back on track bodes badly for ’20
January 2, 2020
The lack of progress in getting Puerto Rico’s economy back on track does not bode well for what should happen in 2020, according to an analysis by H. Calero Consulting Group Inc. “The economy needs to grow soon, or the assumptions made in negotiating with bondholders may have to be revisited. Something everyone will want […]
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Op-Ed: Artificial Intelligence improving customer experience
January 2, 2020
Artificial intelligence is increasingly available to society, either directly or indirectly. It makes interaction processes between businesses and consumers easier every day, which is why customers are adapting so quickly to this new reality. AI technology is improving more each day and is being implemented successfully to offer experiences of the intelligent and informed customer. […]
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Aon to acquire digital insurance platform CoverWallet
January 2, 2020
Global professional services firm Aon plc announced it has entered into a definitive agreement to acquire CoverWallet, a digital insurance platform for small and medium-sized businesses. The acquisition provides Aon with additional access to the fast-growing, $200+ billion premium digital insurance market for small and medium-sized businesses, as well as the opportunity to leverage CoverWallet’s […]
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U.S. Census confirms P.R.’s population remained flat as of July ’19
December 31, 2019
Puerto Rico’s population increased by 340 people (0.0%) between 2018 and 2019 after several years of annual population decline, according to the U.S. Census Bureau’s national and state population estimates. The most recent annual population estimates for Puerto Rico confirmed the number of local residents at 3,193,694 as of July 1, 2019. This slight increase […]
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As ’19 comes to a close, sectors review milestones of past 10 years
December 31, 2019
As the year comes to a close, representatives from a cross-section of Puerto Rico’s economic sectors offered their impressions of the most significant events of the past decade. The nonprofit sectorIn the wake of the devastation caused by Hurricane María in September 2017, nonprofit organizations became the first responders, which was “an unanticipated and highly […]
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Nonprofits have potential to fully develop as companies using startup techniques
December 31, 2019
Nonprofit organizations have the potential to develop to the fullest, increasing their social contribution, if they incorporate successful and innovative business strategies that use startups, said Attorney Olvin Valentín, executive director of the Nonprofit Institute, which offers education in administrative and business skills to these types of organizations. “For too long, nonprofit organizations have been […]
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Op-Ed: Digital literacy, learn to make your business succeed
December 31, 2019
We are currently making unimaginable advances in this digital and technological era and one of the fastest growing sectors is online commerce. But it’s no use if we don’t take advantage of all this. Digital literacy is a fundamental part for all those small and medium entrepreneurs who are looking to start an online business […]
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$3M Sizzler restaurant opens in Bayamón, creates 190 jobs
December 31, 2019
Grupo Colón Gerena, operator of the Sizzler restaurant chain in Puerto Rico, recently completed a $3 million investment to open its newest location in Bayamón, Lizmarie Medina, vice president of marketing confirmed. The 7,000 square-foot restaurant generates 190 direct and indirect jobs and is the 14th location in Puerto Rico. It has a capacity for […]
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Sun West Mortgage offers 50 scholarships for mortgage originators
December 31, 2019
Sun West Mortgage Co. announced it will be granting 50 full scholarships for people interested in starting a career in mortgage banking, covering the cost of the course and the exam, and also guaranteeing a job at the bank to all those who pass the licensing exam. The 50 scholarships offered by Sun West include: […]
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