Rosselló signs sweeping P.R. Climate Change Act
May 24, 2019
Gov. Ricardo Rosselló signed the Puerto Rico Climate Change Mitigation, Adaption and Resiliency Act, which establishes clear goals, metrics and deadlines to comply and address climate change. “Climate change is real, and it is the biggest threat to our way of life. This is the issue of our generation — the time for discussion is […]
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U.S. Senators submit bill to guarantee robust disclosure requirements
May 24, 2019
U.S. Senators Bob Menendez (D-N.J.), Marco Rubio (R-Fla.), Richard Blumenthal (D-Conn.) and John Kennedy (R-La.) introduced the Puerto Rico Recovery Accuracy in Disclosures Act of 2019 (PRRADA, for short.) The bipartisan legislation would provide robust disclosure requirements to all of the Financial Oversight and Management Board for Puerto Rico’s advisers and consultants, closing a loophole […]
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El Yunque National Forest recreation areas ‘being filled to capacity’
May 24, 2019
The U.S. Forest Service is gearing up for a busy summer visitation season with the arrival of the Memorial Day weekend as El Yunque National Forest continues to recover after hurricane impacts. While the Forest Service has been able to re-open access along most roads in El Yunque, only about 40% of the recreation areas, […]
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Op-Ed: CNE reviews PREPA’s debt restructuring agreement, 3.0
May 24, 2019
The proposed Restructuring Support Agreement for the Puerto Rico Electric Power Authority is not a good transaction for Puerto Rico. Its terms and conditions are overly generous to creditors; it discourages the transition to distributed renewable generation; it is uncertain whether it provides the debt relief necessary to maintain PREPA as a going concern, while […]
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Bacardi Ltd. announces 5th annual ‘Good Spirited Awards’
May 24, 2019
In continuation of its ongoing sustainability efforts, Bacardi Limited announced the recipients of its 5th annual Bacardi Limited “Good Spirited Awards.” The winners came from Mexico, Switzerland, Costa Rica, Italy, China, and Puerto Rico, which was represented by Cataño’s Bacardi Corp. and the Wildlife Habitat Council. In September 2018, Bacardi Corporation achieved the Wildlife Habitat […]
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Abarca employees pick 4 nonprofit partners for ‘Better Care Community Program’
May 24, 2019
More than 8,000 people will benefit from projects led by the four nonprofit organizations that Abarca employees selected as partners of its Better Care Community Program, the company announced. The program will support the efforts of health-related nonprofits that work to improve the quality of life of communities islandwide. After evaluating proposals from 50 applicant […]
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Berklee’s Make Music Happen to host workshops May 28-31
May 24, 2019
Make Music Happen, the entity that produces the Berklee in Puerto Rico music education program, announced it will offer a series of workshops titled “Making Music…After Hours,” in collaboration with the Conservatorio de Artes del Caribe and Sagrado Global, the professional studies school of Sacred Heart University. The four workshops will take place May 28-31 […]
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Mennonite Healthcare System to run Culebra’s new $2M emergency room, health clinic
May 23, 2019
The Mennonite Health System has taken over the administration of the new health care center and emergency room, as well as the Diagnostic and Treatment Center recently built through a $2 million private-sector donation on the island municipality of Culebra. Culebra has some 1,800 residents and receives more than 8,000 tourists on busy weekends and […]
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AFICA issues $21.6M bonds to finance Inter American University project
May 23, 2019
The Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities Financing Authority (known as AFICA for its initials in Spanish) issued $21.6 million in new AFICA bonds to finance the construction and development of a new student housing complex, parking facility, and related facilities at the Inter American University’s San Juan campus. Puerto Rico […]
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Metropistas issues $120M in investment grade bonds to refinance debt
May 23, 2019
Autopistas Metropolitanas de Puerto Rico (metropistas) announced the closing of a $120 million bond issuance to refinance a portion of its debt, in what constitutes the company’s second successful placement in the market in three months and one of the few bond issuances in the Puerto Rican infrastructure industry since the beginning of the economic […]
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Passenger traffic climbing at Aguadilla’s Rafael Hernández Int’l Airport
May 23, 2019
A new passenger traffic record was established at the Rafael Hernández International Airport in Aguadilla, which recorded 63,223 passengers in April 2019, up from the prior mark of 46,308 established in 2018. The months of January, February, March and April have established individual and collective passenger movement records, reaching 251,898, up 98,271 vs. the same […]
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P.R. business, community leaders support transparency legislation
May 23, 2019
A number of civic and professional organizations that met during the 10th Annual Puerto Rican Summit held in Orlando, Florida May 17th, 2019 agreed to endorse U.S. House of Representatives Resolution 683, the Puerto Rico Recovery Accuracy Disclosures Act of 2019 that establishes conflict of interest disclosure provisions. Representatives of the Puerto Rican Chamber of […]
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NIMB’s exclusive interview with Sir Richard Branson
May 23, 2019
In this special “Throwback Thursday” edition of our podcast series, we re-visit our exclusive interview with Sir Richard Branson, who took shelter in Puerto Rico — with most of his family and staff — after Hurricane Irma ravaged the British Virgin Islands and his property on Necker Island in September 2017. This is the first […]
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P.R. dominates Airbnb ‘Top 10 Summer Trending Destinations’ list
May 22, 2019
The dog days of summer are soon approaching, and with them come the throngs of travelers in search of adventure, rest and relaxation in lands near and far. This summer, Puerto Rico dominates Airbnb’s top-ten global trending destinations list, securing three spots, with Dorado, Vieques and Rio Grande each recording a more than 400% increase […]
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The ins and outs of doing business with the U.S. Department of Homeland Security
May 22, 2019
Soraya Correa, chief procurement officer of the U.S. Department of Homeland Security and Antonio Sosa-Pascual, co-chair of the Puerto Rico Technology Cluster talk about the opportunities for small companies in Puerto Rico to do business with the large federal agency. They spoke about the importance of promoting innovation and entrepreneurial vision in this industry.
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