Puerto Rico Society of CPAs launches ‘Martes de números’ weekly podcast
October 23, 2019
The Puerto Rico Society of CPAs announced the launching of its “Martes de Números” weekly podcast, which will feature different CPA’s and special guests, who will discuss issues of interest and relevance to the profession and the community. “With this new initiative, we fulfill the Puerto Rico Society of CPAs primary mission, which is serving […]
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First BanCorp. to buy Banco Santander Puerto Rico in $1.1B transaction
October 22, 2019
First BanCorp., parent of FirstBank Puerto Rico, announced the signing of a stock purchase agreement for FirstBank to acquire Spanish bank Banco Santander Puerto Rico in an all-cash transaction worth $1.1 billion. The transaction is subject to receipt of all necessary regulatory approvals and is expected to close in mid-2020. When broken down, the 100% […]
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Oriental CEO says P.R. economy ‘transitioning,’ as co. reports 3Q19 results
October 22, 2019
Oriental CEO José Rafael Fernández believes Puerto Rico has an economy that is “transitioning, from not only the aftermath of [Hurricane] María reconstruction, but also for the last 12, 13 years of economic contraction.” During a call with analysts to discuss its third quarter results, Fernández said while federal funds are trickling in, “there is […]
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Gov’t opens bids for $250M upgrade to San Juan Bay ports area
October 22, 2019
The Puerto Rico Public-Private Partnerships Authority, in collaboration with the Puerto Rico Ports Authority, are seeking bids to repair, design, build, finance, maintain and operate certain marine cruise terminals in the San Juan Bay, with an associated investment of $250 million. The piers in the San Juan Bay that are proposed to form part of […]
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Nespresso launches ‘Cafecito de Puerto Rico,’ its 1st local coffee
October 22, 2019
Nespresso announced the launch of Cafecito de Puerto Rico, its first Puerto Rican coffee, available exclusively to U.S. mainland consumers. As the newest addition to the “Reviving Origins” program, this limited-edition coffee highlights the natural earthiness of Puerto Rico’s coffee beans. Since 2018, Nespresso has been working with the Hispanic Federation and coffee farmers in […]
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Boston Scientific to sponsor free business devel. course for 10 local co.’s
October 22, 2019
Medical devices manufacturing company Boston Scientific, announced it will sponsor the participation of 10 local business owners in the “Strategic Business Owner” course, in partnership with business development and coaching firm The Growth Coach. The course, designed to help business owners implement the strategies and tools needed to grow their company and reach their potential, […]
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Emergency drill taking place at Luis Muñoz Marín Int’l Airport today
October 22, 2019
Aerostar Airport Holdings, LLC, administrator and operator of the Luis Muñoz Marín International Airport is holding an emergency drill today that will entail the participation of multiple agencies and personnel. The full-scale exercise is planned to start between 9 a.m. and 10 a.m., and will last some six to eight hours, airport executives said. Spirit […]
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PREPA to turn over documents, electrical system data to CAMBIO, IEEFA
October 18, 2019
The Puerto Rico Electric Power Authority will to provide CAMBIO and the Institute for Energy Economics and Financial Analysis complete access to its electrical system data, the nonprofits announced. The organizations had requested the information to carry out a modeling study based on distributed renewable energy sources. Because the data contains confidential information on critical […]
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Pediatric Hospital Foundation reopens NICU South after $400K upgrade
October 18, 2019
The Pediatric Hospital Foundation reopened the Neonatal Intensive Unit South Ward of the Antonio Ortiz University Pediatric Hospital at the Río Piedras Medical Center, whose roof suffered damage in the wake of Hurricane Maria in 2017, which damaged the interior of the critical care unit for infants and neonates. Thanks to private donors, the repair […]
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More island homes benefit from Weatherization Assistance Program in ’19
October 18, 2019
More local residents are benefiting from the Weatherization Assistance Program in Puerto Rico, where some 259 homes are splitting an investment of $439,446 this year, Economic Development and Commerce Department Secretary Manuel Laboy announced. The current number represents 131 additional homes that will benefit, in comparison to those on record for the years 2017 and […]
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Wunderman Thompson Puerto Rico opens for business
October 18, 2019
WPP announced the launch of Wunderman Thompson Puerto Rico, a new product integration firm belonging to advertising agency J. Walter Thompson and global digital business company Wunderman. The new business aims to strengthen capacities in creativity, technology, data and strategy. It is directed by a new generation of executives whose careers “combine the capabilities and […]
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Allergy and Immunology Summit slated for Oct. 26
October 18, 2019
Seeking to educate local allergy doctors in the most advanced practices and treatments, the Puerto Rican Association of Allergy Physicians (AMPA) will host the Allergy and Immunology Summit Oct. 26, at the Embassy Suites Hotel in Isla Verde. “Research from the U.S. Centers for Disease Control and Prevention shows that allergies in children, for example, […]
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Plaza Palma Real promotes the development of local entrepreneurs
October 18, 2019
As part of its reopening, Plaza Palma Real in Humacao announced the creation of the “Develop in Palma” program, which seeks new or existing business proposals from local entrepreneurs to develop them and encourage their entrepreneurial growth. “Develop in Palma” is a program aimed at small and medium-sized businesses interested in developing or expanding strategically, […]
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Walmart invests $6.5M to remodel Supercenter in Canóvanas
October 17, 2019
Retailer Walmart announced that as part of its commitment to job creation and retention, the support to local industry and the promotion of commercial activity, it has invested $6.5 million in the remodeling of its Supercenter in Plaza Canóvanas. “We have been serving Puerto Rico for 27 years and contributing to its socioeconomic development,” said […]
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New Energy Consultants files for Ch. 11 bankruptcy owing $9.8M+
October 17, 2019
New Energy Consultants, a Puerto Rico-based company founded in 2007 dedicated to the design, installation, sale, financing and purchase agreements of solar systems for residential, commercial and industrial customers, has filed for Chapter 11 bankruptcy protection, citing more than $9.8 million in debt. According to the filing, the extensive list of creditors includes several major […]
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