Oriental files applications to regulators for approval of proposed Scotiabank purchase
August 14, 2019
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 […]
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CBP launching Mobile Passport Control in P.R. on Aug. 27
August 14, 2019
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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Mercy Corps offers workshops, grants for micro and small entrepreneurs
August 14, 2019
Some 50 micro and small entrepreneurs will have an opportunity to receive grants and specialized support to strengthen their businesses, as part of efforts to increase economic resilience of businesses and communities conducted by international humanitarian organization Mercy Corps Puerto Rico. Entrepreneurs will be able to compete for Mercy Corps’ assistance through its Puerto Rico […]
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T-Mobile lights up 600MHz in Vieques, completing deployment throughout P.R.
August 13, 2019
VIEQUES, P.R. — Wireless carrier T-Mobile announced the arrival of the 600MHz technology to Vieques, completing the deployment of the next-generation technology throughout the 78 municipalities. Less than two years after Hurricane María struck Puerto Rico, T-Mobile has lit up 600MHz to provide coverage in every town, the company’s General Manager Jorge Martel said. The […]
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$120M, 579-suite Hyatt Resort at Coco Beach opens in Río Grande
August 13, 2019
The Resort at Coco Beach, a property affiliated with the Hyatt brand, has officially opened in Rio Grande, featuring 579 ocean-front suites situated on a secluded 1,000-acre peninsula within a private development on the island’s northeast coast. As this media outlet reported in June, the former Gran Meliá Puerto Rico Hotel was acquired by Monarch […]
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2020 Census releases tagline, logo in 12 languages in addition to English
August 13, 2019
The U.S. Census Bureau announced it has completed the release of its 2020 Census platform (tagline and logo) for 12 languages in addition to English. The “Shape your future. START HERE.” platform is incorporated across Census Bureau outreach and partnership awareness materials and will become more visible as the 2020 Census advertising campaign launches in […]
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PRiMEX ranked 1st place among peer network in U.S. mainland
August 13, 2019
The Puerto Rico Manufacturing Extension Inc. (known as PRiMEX) landed the top ranking from the Network of the National Institute of Standards and Technology/Manufacturing Extension Partnership of the U.S. Department of Commerce, the entity announced. The organization offers training, technical and business support to improve the competitiveness of companies, processes and human resources. Among the […]
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Miami-based Cansortium opens 2nd Fluent medical cannabis clinic in P.R.
August 13, 2019
Cansortium Inc., a provider of medical cannabis operating under the Fluent brand, recently opened its second clinic in Puerto Rico, at the San Patricio Town Center in Guaynabo. “The opening of our second Fluent dispensary in Puerto Rico is further evidence that we are executing our growth plan by steadily expanding our dispensary network to […]
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PRASA completes restructuring of $1B in debt with 2 federal agencies
August 12, 2019
The government of Puerto Rico has reached an agreement with a pair of federal agencies to restructure some $1 billion in Puerto Rico Aqueduct and Sewer Authority debt. According to a press release PRASA and the Fiscal Agency and Financial Advisory Authority, or AAFAF, reached an understanding with the Environmental Protection Agency’s Clean Water and […]
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A’GACI announces closing of all stores, including 3 locations in P.R.
August 12, 2019
Some 18 months after filing for Chapter 11 bankruptcy, women’s fashion retailer A’GACI has announced the closing of the remaining 54 stores in its chain, including three in Puerto Rico. Going-out-of-business sales are underway at the stores — including locations in Plaza del Norte, Plaza del Caribe and Plaza Las Américas. However, it remained unclear […]
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Invest P.R. CEO: Investors must be assured things are moving forward
August 12, 2019
The political turmoil Puerto Rico has been experiencing in recent weeks is similar to what has happened in other jurisdictions, and investors must be assured that “things will continue to move forward,” Invest Puerto Rico CEO Rodrick Miller said. In an exclusive interview with News is my Business, Miller said it is very early to […]
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Walmart Puerto Rico chosen to expand Sofía Vergara’s collection
August 12, 2019
Walmart Puerto Rico recently unveiled the clothing collection of entrepreneur and actress Sofía Vergara, which is expanding its reach and distribution. The chain stores in Puerto Rico are the first and only to have the Sofía Jeans collection available for sale in the nation, the retailer said. “We’re proud that Walmart Puerto Rico was chosen […]
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Triple-S reports $30.9M in net income for 2Q19, stays ‘positive’ on P.R.’s economy
August 12, 2019
Triple-S Management Corp. revealed second quarter results showing a year-over-year net income increase to $30.9 million, or $1.35 per diluted share, versus net loss of $38.7 million, or $1.68 per share, in the prior-year period. It also reported adjusted net income of $25.7 million, or $1.12 per diluted share, versus adjusted net loss of $37.3 […]
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Invest P.R. poised to put island on the map
August 12, 2019
In this episode of “Dollars & Sense, a News is my Business podcast” we sat down with Rod Miller, CEO of Invest Puerto Rico, the recently launched independent entity responsible for promoting the island in the international business community. We invite you to listen to and share this interesting episode!
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T-Mobile 2nd annual ‘Changemaker Challenge’ for young visionaries
August 9, 2019
T-Mobile, the T-Mobile Foundation and nonprofit Ashoka kicked off the second-annual T-Mobile Changemaker Challenge, a nationwide contest to mobilize the next generation of youth who are ready to create positive change in their communities. Through Sept. 26, youth teams can enter the challenge by submitting a project that drives social change in one of three […]
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