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Island Finance, founded in 1959, operates 47 branches across Puerto Rico and is being acquired by VRM Penzini Capital.
Banking, Featured
Island Finance to be acquired by VRM Penzini Capital
NIMB Staff November 24, 2025

Puerto Rico’s largest nonbank lender prepares to enter a new phase of growth as VRM Penzini Capital purchases the company. #NewsismyBusiness

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Featured, Tourism/Transportation
Brilliant Lady arrival marks $19M boost for San Juan
NIMB Staff November 24, 2025

Virgin Voyages launches its 2025–2026 season as San Juan Cruise Port activates the renovated Panamerican Pier West. #NewsismyBusiness

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Vanessa Boneta looks at how bilingual talent and university partnerships in Puerto Rico support global competitiveness, while U.S. firms use AI and upskilling to build resilient workforces. (Credit: Adonis1969 | Dreamstime.com)
Biz Views
Skills-based hiring: A 2025 HR strategy revolution
Contributor November 24, 2025

Vanessa Boneta on regional hiring trends in Puerto Rico and U.S. #NewsismyBusiness

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Bravada Vodka is produced and bottled in Toa Baja, where the company says its facility can manufacture more than 600,000 bottles per year.
In-Brief
Bravada Vodka named global ‘Brand of the Year’ for 2025
NIMB Staff November 24, 2025

Puerto Rican label earns top international recognition as culturally driven strategy fuels rapid growth. #NewsismyBusiness

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From left: Reporter Mónika Candelaria; Jorge Hidalgo, CEO of WAPA Media; Mateo Cidre, president of the Hecho en Puerto Rico Association; and reporter Aixa Vázquez during the renewal of the WAPA–Hecho en Puerto Rico collaboration agreement at WAPA in San Juan.
In-Brief
WAPA, Hecho en Puerto Rico renew deal to boost local goods
NIMB Staff November 24, 2025

The two-year agreement expands exposure for Puerto Rican entrepreneurs across TV, radio and digital platforms. #NewsismyBusiness

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Eddie W. Alicea-Sáez, CEO of Cooperativa La Sagrada Familia, announcing the launch of the $1 million Puerto Rico Coopera community investment fund in Naranjito.
In-Brief
Sagrada Familia invests $1M to launch Puerto Rico Coopera
NIMB Staff November 24, 2025

The credit union unveils a multisector community initiative and activates a resilience center to drive development across mountain towns. #NewsismyBusiness

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As businesses expand digital operations in Puerto Rico, cybersecurity has become a priority across sectors. (Credit: Can Tuna Ozturk | Dreamstime.com)
Featured, Telecommunications/Technology
Survey shows cybersecurity rising as top priority in Puerto Rico
NIMB Staff November 21, 2025

Microsoft report reveals growing threat levels, moderate preparedness and rising use of AI tools among Puerto Rico businesses. #NewsismyBusiness

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Orlando Bravo, founder and managing partner of Thoma Bravo
Featured, General Biz News
Bravo urges future investors: ‘Do your own thing’
NIMB Staff November 21, 2025

On Stanford’s View From The Top podcast, Orlando Bravo reflects on his rise from Puerto Rico to leading a $200 billion private equity firm, offering lessons on risk, resilience and opportunity. #NewsismyBusiness

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Bonchon, a Korean fried-chicken chain with nearly 500 locations worldwide, plans to open six restaurants in Puerto Rico starting in 2026.
Featured, Retail
Bonchon to enter Puerto Rico market in 2026
NIMB Staff November 21, 2025

Korean fried-chicken chain signs multi-unit deal with franchisee Erick Muro to open six locations across the island. #NewsismyBusiness

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IEEFA estimates that planned firm generation capacity in Puerto Rico will far exceed projected peak demand in 2032 and 2045, even assuming retirement of existing plants.
Biz Views
Puerto Rico risks costly, unnecessary power overbuild
NIMB Staff November 21, 2025

IEEFA analyst warns contracting process threatens Puerto Rico’s energy planning, raises costs. #NewsimyBusiness

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Christian A. Colón Maldonado, a University of Puerto Rico student, receives a $2,500 scholarship from FirstBank as part of the YOU First Scholarship Program.
In-Brief
FirstBank awards $105K in scholarships to university students
NIMB Staff November 21, 2025

The bank expands its YOU First Scholarship Program, exceeding $365,000 in awards since 2021 to support young talent across six universities. #NewsismyBusiness

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Children take part in a toy distribution event in Guánica during last year’s BIG Toy Drive, organized by IslandCorps.
In-Brief
IslandCorps sets 15K toy goal for annual holiday drive
NIMB Staff November 21, 2025

The nonprofit launches its 5th BIG Toy Drive with a 15,000-toy target, expanding islandwide distribution through Amazon Wish List technology. #NewsismyBusiness

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A new digital platform from Discover Puerto Rico invites global audiences to explore Puerto Rican holiday traditions through storytelling, original artwork and cultural content.
In-Brief
Discover Puerto Rico launches “Mi Casa, Mi Navidad” hub
NIMB Staff November 21, 2025

The DMO debuts an immersive digital experience that brings holiday traditions, recipes and cultural storytelling to audiences worldwide. #NewsismyBusiness

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Located between El Yunque National Forest and the Atlantic Ocean in Río Grande, Puerto Rico, the 500-acre Wyndham Grand Rio Mar resort features newly renovated rooms, pools and amenities.
Featured, Tourism/Transportation
Wyndham Rio Mar completes $60M resort transformation
NIMB Staff November 20, 2025

The renovation introduces redesigned rooms, new pools, expanded dining and a speakeasy cabaret as the property targets luxury travelers and meetings business. #NewsismyBusiness

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Letras Boricuas released the 2025 cohort of 24 fellows, a group of Puerto Rican writers based on the island and in the diaspora whose work spans fiction, poetry, drama and creative nonfiction.
Featured, Nonprofit organizations
Mellon, Flamboyán award $600K to 2025 Letras Boricuas cohort
NIMB Staff November 20, 2025

Twenty-four Puerto Rican writers across genres will receive $25,000 each to support their creative work and expand the island’s literary ecosystem. #NewsismyBusiness

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QUOTE OF THE WEEK:

“There’s a lot of appetite for developing fintech in Puerto Rico. It’s booming here.”

 

— Héctor Jirau, executive director of Parallel18, the business acceleration program of the Puerto Rico Science, Technology and Research Trust

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