P.R.’s Fiscal ’18 GDP hits $5.7b, or -4.7% vs. Fiscal ’17
May 13, 2019
The Puerto Rico Planning Board released macroeconomic data closing out the island’s Fiscal 2018, showing that the Gross Domestic Product (GDP) at constant prices totaled $5.7 billion or -4.7%, compared to Fiscal 2017. At current prices it was $6.8 billion or 2.8 percent, for the same comparison, Planning Board President María C. Gordillo said. “These […]
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P.R.’s small inns launch discount card for summer high-season
May 13, 2019
The Puerto Rico Small Inns Owners Association and the Puerto Rico Tourism Co. announced the launch of the “Visit Paradores Card,” targeting local tourists who flock to local hotels during the peak summer season that begins with the Memorial Day holiday. “This year, we have a better tourism product. After María, we collectively invested more […]
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USDA to host P.R. opioid awareness roundtable on May 15
May 13, 2019
The U.S. Department of Agriculture’s Rural Development program is sponsoring a roundtable to raise awareness on the opioid crisis in Puerto Rico, on May 15 from 11 a.m. to 1 p.m. At the table will be representatives from the University of Puerto Rico Medical Science Campus, Drug Enforcement Agency, The Institute of Research Education and […]
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Liberty Puerto Rico is a ‘highlight’ of parent co.’s LatAm operations
May 10, 2019
After emerging as a reinforced operation in the wake of back-to-back hurricanes in 2017, Liberty Puerto Rico has become one of the “highlights” of its parent company, Liberty Latin America’s regional network. Balan Nair, CEO of Liberty Latin America said after Hurricanes Irma and María, “the business was completely devastated, just like the population on […]
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Estudios Técnicos Inc.’s post-Hurricane María study to be featured in Canada
May 10, 2019
The methodology developed by Estudios Técnicos Inc. and the Kaiser Family Foundation for a study on the socioeconomic impact of Hurricane María in Puerto Rico will be featured in a panel during the convention of the American Association for Public Opinion Research, one of the most important research associations in the United States and Canada. […]
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U.S. Dept. of Transportation allocates $29M for airport repairs
May 10, 2019
The U.S. Department of Transportation has approved $29.1 million for rehabilitation work at airports in Aguadilla and Luis Munoz Marin, from the supplemental funding measure of fiscal year 2018. “The infrastructure of our airports is of vital importance to us as an island, especially to allow mobility of the population and commerce,” said Resident Commissioner […]
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Crowley LNG P.R. offers seminar to first response officials about LNG as energy source
May 10, 2019
Puerto Rico’s energy system transitioning to one dependent solely on renewable sources — with much support on it being liquified natural gas (LNG) — has been topic of interest post-Hurricane María. As a response, Crowley LNG Puerto Rico recently held a seminar for emergency response officers to raise awareness about liquefied natural gas as a […]
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FirstMortgage offers seminar to members of Caguas Board of Realtors
May 10, 2019
FirstMortgage has recently joined the Caguas Board of Realtors to offer its members the “En ruta al conocimiento” (“Road to knowledge”) seminar, featuring an overview of the products and benefits of HUD properties, tips on how to avoid setbacks at the closings of these properties, and a discussion of new procedures in compliance with E-Sign. […]
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Laboy: Gov’t permitting process should improve with new streamlined system
May 9, 2019
Puerto Rico’s Economic Development and Commerce Secretary Manuel Laboy is betting on a handful of new online products to be launched in the next four to six weeks to speed up and streamline the government’s permitting process. During an interview with the “En Una Hora” program on 11Q 1140 AM, in which News is my […]
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Romark Global Pharma opens $80M manufacturing plant in Manatí
May 9, 2019
Romark Global Pharma, a global biopharmaceutical dedicated to the discovery and development of new drugs to treat infectious diseases and cancer, officially opened its new $80 million manufacturing plant in Manatí. Flanked by Gov. Rosselló administration officials, Romark CEO Marc Ayers said, “with this expansion Romark will manufacture its products Alinia and NT-300, a new […]
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Discover P.R. exec: ‘We want to see growth in visitor’s economy, but it takes time’
May 9, 2019
Since its inception less than a year ago, Discover Puerto Rico — the island’s Destination Marketing Organization — has been taking “key steps” to reposition Puerto Rico’s brand, Jennifer Rosa, the nonprofit’s communications vice president, said. During an interview with the “En Una Hora” program on 11Q 1140 AM, in which News is my Business […]
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U.S. Dept. of Labor conducting wage survey of P.R., USVI construction projects
May 9, 2019
The U. S. Department of Labor’s Wage and Hour Division (WHD) is conducting a survey of all building, highway, residential, and heavy construction projects active in the U.S. Virgin Islands and Puerto Rico that occurred between July 1, 2017, and Dec. 31, 2018, it announced. The purpose to establish prevailing wage rates as required under […]
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FEMA OKs some $21M in additional post-María recovery grants to P.R.
May 9, 2019
The Federal Emergency Management Agency has awarded about $21 million in additional funds to Puerto Rico to cover costs related to Hurricane María, the agency announced. These awards bring the amount of funds obligated under FEMA’s Public Assistance program to $5.7 billion, it added. The latest grants approved are as follows: Nearly $17.8 million to […]
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Kitchen Gallery Bistro invests $200K to open 3rd location in Condado
May 9, 2019
Following a three-month, $200,000 investment, restaurant chain Kitchen Gallery Bistro, also known as KGB, has opened its third location the Condado area of San Juan. The eatery joins two others in the chain, located in Dorado and Caguas, which generate a combined 100 jobs, restaurant owners said Plans call for opening two new stores in […]
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Hunter College study reveals 44% drop in P.R.’s school-aged children
May 9, 2019
The Center for Puerto Rican Studies, at Hunter College of the City University of New York released a report confirming a steep decline in the enrollment of children of school age in schools in Puerto Rico. Enrollment between 2006 and 2018 declined 44 percent, from 544,138 students in 2006 to 306,652 students at the beginning […]
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