jetBlue, Aerostar facilitating COVID-19 testing at LMM airport
January 29, 2021
Puerto Rico’s largest carrier, jetBlue is looking to ramp-up pre-departure and arrival COVID-19 testing at local airports, by relying on at-home options through its partner Vault Health, the airline’s CEO Joanna Geraghty said during a discussion of its quarterly results. “So, Puerto Rico. We definitely see some constraints with testing in that environment. We’ve actually […]
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ASORE: COVID-19 slams Puerto Rico restaurant sales in ’20
January 27, 2021
Puerto Rico’s restaurant industry has taken a significant hit as a result of the COVID-19 pandemic, losing about $352 million from January to September 2020, down 23.6% from the same period in 2019, the Puerto Rico Restaurants Association revealed. The trade group known as ASORE commissioned research firm Inteligencia Económica to analyze the economic toll […]
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Ana G. Méndez university gets $92M for student aid
January 25, 2021
The Ana G. Méndez University (UAGM in Spanish) received a $92M allocation through the Coronavirus Response and Relief Supplemental Appropriations Act designed to offer financial aid to students to mitigate the negative impact of the COVID-19 pandemic and offset expenses incurred by institutions during the emergency, UAGM President José F. Méndez-Méndez said. Once the U.S. […]
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Puerto Rico’s casinos report $54M in pandemic losses
January 15, 2021
Puerto Rico’s 16 casinos lost $54 million from July to December 2020, when compared to the same period in 2019, as a result of the COVID-19 restrictions, Puerto Rico Tourism Co. Executive Director Carlos Mercado said. From July to December 2019 the industry reported $147 million in revenue, which was reduced to $93 million during […]
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Puerto Rico Tourism Co.’s new exec. director taking 3-pronged approach to recovery
January 14, 2021
Carlos Mercado, the newly named head of the Puerto Rico Tourism Co., said the agency has a three-pronged approach to working with the industry as it begins recovering from the COVID-19 business downturn. The official is hitting the ground running, as he had already built a relationship with members of the sector while acting as […]
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Discover Puerto Rico gets $15.8M in CARES Act funds to ‘revive tourism’
January 5, 2021
Destination marketing organization Discover Puerto Rico has received $15.8 million in funding through the Coronavirus Aid, Relief, and Economic Security (CARES) Act to promote the island as a safe place to visit once the COVID-19 pandemic recedes. Discover Puerto Rico CEO Brad Dean told this media outlet that the funding — which has been granted […]
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IHP Hospitality sees 70% drop in hotel bookings in Nov.
December 28, 2020
November bookings dropped by about 70%, for IHP Hospitality Corp. as a direct consequence of the COVID-19 pandemic and the government’s Executive Order, which, among other conditions, bans recreational visits to beaches and imposes a curfew. “We currently own five different hotels across the island. It’s been extremely challenging, Claire Ruiz, director of Finance and […]
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Optima Health to administer COVID-19 medication in patients’ homes
December 23, 2020
Puerto Rican company Optima Health announced today that it will begin at-home treatment of the bamlanivimab drug for patients with COVID-19, as a measure to prevent the spread of this disease. Treatment administration will also be available at its Optima Infusion Center, at the Doctor’s Center in Manatí. The drug bamlanivimab, developed by pharmaceutical company […]
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CVS to administer COVID-19 vaccines in 7 Puerto Rico nursing homes in ’21
December 22, 2020
CVS Health announced it has begun administering COVID-19 vaccines at more than 40,000 long-term care facilities across the country. On Jan. 4, it will start inoculating residents of seven skilled nursing and assisted living facilities in Puerto Rico, which selected CVS Health as their COVID-19 vaccination partner. CVS Pharmacy teams will administer the first dose […]
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Abexus: Puerto Rico’s dependency on federal funds will linger in ’21
December 15, 2020
The year 2021 will be characterized by a strong dependency of federal funds across a number of industries, as the effects of the blow the COVID-19 pandemic dealt to Puerto Rico’s economy, local firm Abexus Analytics concluded in a study. “This next year will be characterized by a strong dependency of federal funds, not just […]
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Restaurants urge Puerto Rico gov’t to approve industry incentives proposal
December 15, 2020
In the wake of the severe impact from local measures implemented to control the spread of the COVID-19 pandemic, the Puerto Rico Restaurants Association asked the government to consider and approve the proposal presented in October to create a new assistance or incentives program for the industry using CARES Act funds. “Certainly, the industry is […]
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Survey: Puerto Rican entrepreneurs don’t see quick economic recovery post-COVID-19
December 14, 2020
Challenges such as the grim economic scenario affecting Puerto Rican companies, the heavy tax load, high energy costs, government bureaucracy, and the recent closures due to COVID-19 have local entrepreneurs convinced that recovery will not happen soon. A survey conducted by analysis firm Estudios Técnicos Inc. confirmed that 84.7% of the entrepreneurs polled believe that […]
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Puerto Rico National Guard allocates $557K for COVID-19 vaccine storage freezers
December 7, 2020
As Puerto Rico government and health officials prepare to receive the first shipments of the COVID-19 vaccine, the Puerto Rico National Guard is also gearing up to assist in the effort to store the meds and in the logistics behind the immunization process. In anticipation of the vaccine’s arrival, earlier this year the PRNG received […]
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Retailers: A partial lockdown would be ‘catastrophic’ for economy
December 3, 2020
Reactions from representatives of Puerto Rico’s retail sector were quickly offered Wednesday in response to the possibility of a partial lockdown to fight the raging spread of the COVID-19 virus. In a nutshell, they agreed cutting back hours would be “catastrophic” for the island’s economy. In separate statements, the Puerto Rican Association of Shopping Centers, […]
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District attorney’s office launches elder fraud prevention campaign during COVID-19
December 2, 2020
The U.S. Attorney for the District of Puerto Rico, W. Stephen Muldrow, and the Elder Justice Task Force (EJTF) announced today the launch of an elder fraud education and prevention campaign during the COVID-19 pandemic. The public service campaign aims to raise awareness about the different types of fraud associated with the pandemic that have […]
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