FirstBank donates $20K to Juan Domingo en Acción Inc. for student programs
July 18, 2019
For the past 40 years, nonprofit organization Juan Domingo en Acción has been dedicated to improving the quality of life and promoting the sustainable development of the families in its community. To this end, FirstBank donated $20,000 to the organization for the arts and music, sports, and summer camp programs for the 400 students at […]
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Open Spaces denounces ‘use and abuse’ of gov’t power
July 17, 2019
Nonprofit Organization Open Space warned that messages in the chat in which Gov. Ricardo Rosselló and others participated in could constitute serious ethical and legal violations through a conspiracy to limit citizen rights to demand transparency and accountability the government. During a sit-down with the media, Open Spaces Executive Director Cecille Blondet said the chat […]
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NY Fed to launch ‘Investment Connection’ program in P.R. this fall
July 17, 2019
The New York Fed announced it is launching its “Investment Connection” program to boost investments in regional community development financing. The program’s first phase will begin in Fall 2019 in Puerto Rico, where the New York Fed is working to rebuild the island’s economic resiliency in the aftermath of Hurricane María. The program will help […]
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New car sales show 6.3% increase in June, vs. same month in ’18, GUIA says
July 17, 2019
The United Automobile Importers Group announced that a total of 10,200 new cars were sold in Puerto Rico last month, representing a 6.3% increase vs. the 9,596 units sold during the same month in June 2018. GUIA, as the trade group is known by its initials in Spanish, said the increase so far this year […]
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Op-Ed: Needed — Independent inspector general, review of all contracts
July 17, 2019
The Puerto Rican government has imploded spectacularly over the last two weeks. Multiple cabinet-level officials have resigned or been fired, and former cabinet officials have been arrested in an FBI corruption probe. The scandal has led to an overwhelming call for Gov. Ricardo Rosselló to resign. Two former cabinet officials, as well as several individuals […]
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College of Engineers, Surveyors warns of loss of funds if gov’t crisis continues
July 17, 2019
The Puerto Rico College of Engineers and Surveyors urged the government to avoid the paralysis of the economy by acting quickly to resolve the political crisis it is going through. “This is not a matter of parties or governors, but of the island. We’re in the international spotlight and our economy is paralyzed,” said Pablo […]
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P.R. Chamber of Commerce, Birling Capital sign collaboration agreement
July 17, 2019
The Puerto Rico Chamber of Commerce and investment and business firm, Birling Capital Advisors, LLC, have signed a collaboration agreement to promote among the trade group’s membership and the local business community the importance of investments. Birling Capital Advisors, chaired by Francisco Rodríguez-Castro, offers advisory and corporate finance services focused on the needs of institutional, […]
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Private Sector Coalition blasts corruption, demands ‘corrective action’
July 15, 2019
Business leaders from the Puerto Rico Private Sector Coalition condemned the arrests of former government officials and collaborators and requested an immediate corrective plan action. For Coalition members, the fact that it is not the first time that a government in power is the subject of corruption accusations, makes it more pressing to take different […]
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Builders, Farm Bureau condemn acts of government corruption
July 15, 2019
The Puerto Rico Builders Association and the Puerto Rico Farm Bureau, two professional organizations representing thousands of local members, voiced their rejection of recently uncovered acts of government corruption, which has “tainted the island’s reputation. In a statement the Builders Association, through its President Emilio Colón-Zavala, said “Puerto Rico and its institutions, both in the […]
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Hospitals, doctors, med schools, health providers join to attack P.R.’s medical crisis
July 15, 2019
Considering the crisis that exists on the island due to the shortage of doctors and specialists, Salvador F. Rovira-Rodríguez decided to join all of the industry’s components in one place to establish a structure that, in a short term, allows Puerto Rico to alleviate the crisis. To address that goal, he created the Health Industry […]
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Private sector reacts to arrests on gov’t corruption charges, ‘TelegramGate’
July 14, 2019
Today’s special episode features interviews with representatives from Puerto Rico’s private sector to discuss the events of the last week, when six people with ties to Gov. Ricardo Rosselló’s administration were arrested on corruption charges, as well as the contents of nearly 900 pages of a chat on Telegram involving the governor and a group […]
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Millenials in P.R., Mississippi have lowest credit card debt, study shows
July 12, 2019
Millennials in Puerto Rico carried the least amount of credit card debt of any state, with an average balance of $2,906 per person, in the first quarter of 2019, according to a study conducted by credit reporting agency Experian. Mississippi millennials had the second-lowest debt, with an average credit card balance of $3,887. These balances […]
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EPA chief visits P.R. to review recovery initiatives post-’17 hurricanes
July 12, 2019
U.S. Environmental Protection Agency Regional Administrator Pete Lopez visited Puerto Rico recently as part of the agency’s “aggressive efforts” to advance recovery from Hurricanes Irma and María, as well as tackle ongoing environmental challenges in the Caribbean. The trip included participation in forums, with an array of community groups such as the San Juan Bay […]
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Op-Ed: Digitization, 1st step to reduce internal costs, improve customer experience
July 12, 2019
If there’s something that mobile and other portable equipment has achieved is to make life easier for everyone at multiple levels. With it you take pictures and share them instantly or access links that provide all kinds of information in nanoseconds. Now, can you do the same with your business documents? Every company or institution […]
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Serafina Beach Hotel ranks among the 25 best resorts in the Caribbean
July 12, 2019
Travel publication Travel & Leisure has selected Serafina Beach Hotel among the 25 best resorts in the Caribbean in 2019. The first boutique and lifestyle hotel concept created by the owners of the Serafina Restaurant Group global brand, ranked 23 with a score of 92.21% and was the first of only two properties to be […]
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