P.R. Institute of Statistics seeks public comment on its services
January 29, 2019
As part of a strategic planning effort to be met after 11 years of operations, the Puerto Rico Institute of Statistics is inviting its website users and the general public to participate in a six-question survey through which it seeks to gather feedback about its strengths, weaknesses and opportunities “We invite all users of estadisticas.pr […]
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Celebrity Summit makes first arrival at Port of Ponce
January 29, 2019
The Celebrity Summit cruise ship made its first visit to the Port of Ponce, bringing 2,216 passengers and 984 crew to the southern town. Its stop pumped $158,000 to the port, and $438,000 to the island’s overall economy given its use of the San Juan pier as its homeport, Puerto Rico Gov. Ricardo Rosselló said. […]
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Forteza Caribbean Chocolate to boost cocoa harvests to produce fine chocolate in PR
January 28, 2019
Forteza Caribbean Chocolate announced the implementation of a plan to produce and distribute among local farmers some 12,000 high-performance cocoa trees through 2020, with the support of the Puerto Rico Agriculture Department and the U.S. Department of Agriculture. The company said the addition of the new trees should lead to the creation of 100 to […]
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American Airlines cargo exports from P.R. up 30% in ’18
January 28, 2019
American Airlines Cargo said 2018 was “an exceptional year” for the company, with the division exceeding multiple all-time records in performance, volume and revenue, finishing the year with more than $1 billion in revenue. “The airline moved record volumes of freight and mail across its system in 2018, with volume for the year ending at […]
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Community Foundation of the Virgin Islands awards $70K+ in AT&T grant funding
January 28, 2019
The Community Foundation of the Virgin Islands (CFVI) announced the recipients of the 2018-2019 AT&T STEM grants. The professionals working in schools across the territory were competitively selected to receive awards ranging from $1,250 to $8,500, for a total funding cycle of more than $70,000, the nonprofit said. Grant funds will be used to facilitate […]
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Public, private sector organizations step up for federal employees in P.R.
January 25, 2019
A number of public and private sector organizations are stepping up for furloughed federal employees in Puerto Rico. There are an estimated 14,000 federal employees in Puerto Rico, of which an estimated 4,500 are affected by the government shutdown that began last month, the Puerto Rico Office for the Socio-economic and Community Development said. The […]
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New $130M mixed-income housing complex breaks ground in Caguas
January 25, 2019
The Puerto Rico Department of Housing and affordable housing developer, McCormack Baron Salazar, Inc., announced the closing on the financing and start of construction of a $130 million mixed-income housing in Caguas. Located on vacant land that was previously a public housing site, the new community includes housing options that are affordable to families and […]
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Iberia to resume direct Madrid-San Juan service on Mar. 31
January 25, 2019
Spanish airline Iberia will resume its direct route between San Juan and Madrid on Mar. 31 with three weekly flights between Luis Muñoz Marín International Airport on Wednesdays, Fridays and Sundays during the months of April, May, September and October. Those flights are in addition to the daily flights to be offered — except Monday […]
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IEEFA P.R.: New natural gas deal fits same old pattern for choosing contractors
January 25, 2019
Editor’s Note: The following is an analysis by Tom Sanzillo (tsanzillo@ieefa.org), IEEFA’s director of finance and Cathy Kunkel (cathykunkel@gmail.com), an IEEFA energy analyst. It is being reprinted as it originally appeared in IEEFA’s website. The government of Puerto Rico is moving forward with plans to convert two units at the San Juan power plant from […]
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Op-Ed: Is FEMA using flawed indicator in decision-making process in P.R.?
January 25, 2019
For decades, government officers and academia have indicated that the problem for doing research in Puerto Rico has been the lack of access to data. Paradoxically, regarding Puerto Rico, today we find ourselves with statistical independence threatened by political forces and with questionable data analysis produced by some organizations. Is inaccurate data analysis common in […]
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40 companies selected for 3rd generation of P.R. Emprende Academy
January 25, 2019
Puerto Rico Trade and Export and nonprofit Inprende announced the selection of the 40 companies that will be part of the third generation of Puerto Rico Emprende Academy. The Puerto Rico Emprende Academy is a business training initiative for the development and strengthening of small- and medium-sized local businesses. “After a rigorous scrutiny process where […]
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Popular Inc. reports whopping increases in net and adjusted income in ’18
January 24, 2019
Popular Inc. closed 2018 with significant year-over-year increases in its net and adjusted income, according to its quarterly earnings report. For the 12-month period ended Dec. 31, 2018, adjusted net income was $487 million, up 76 percent from the prior year’s adjusted net income of $276 million. Net income for 2018 totaled $618.2 million, a […]
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Liberty P.R. to increase rates on current plans effective Feb. 1
January 24, 2019
Liberty Puerto Rico will increase rates on current television and internet packages effective Feb. 1, the company announced in a notice sent to customers. However, clients choosing to switch to new plans that Liberty began offering late last year will not experience rate changes for the rest of 2019. “As part of our commitment to […]
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Public power versus privatized power: The debate in P.R. before and after María
January 24, 2019
By Eliván Martínez Mercado | Center for Investigative Journalism From the inside of a cargo container like the ones used to transport food overseas, the town of Sterling, Massachusetts implements the energy system of the future. The general manager of this power services company, Sean Hamilton, walks with his head protected by a white constructor’s […]
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Economic Activity Index up 21.5% in Nov. 2018 vs. same year-ago month
January 24, 2019
Puerto Rico’s Economic Activity Index showed a 21.5 percent year-over-year growth in November 2018, the government announced. The EAI-PR released by the Puerto Rico Economic Development Bank reached a level of 120.3 in November 2018, showing a decrease of 0.1 percent compared to October 2018. The most recent results mark the third consecutive increase after […]
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