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Puerto Rico's three main banks ranked among the region's Top 10.
Banking, Featured
Puerto Rico banks maintain strong positions in Caribbean rankings
NIMB Staff May 28, 2025

Banco Popular, FirstBank and OFG Bancorp among top 10 in The Banker’s 2025 list. #NewsismyBusiness

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Puerto Rico’s nautical tourism segment will be under greater oversight following a Comptroller’s Office audit.
Featured, Tourism/Transportation
Tourism Co. strengthens oversight following nautical tourism audit
NIMB Staff May 28, 2025

Agency implements reforms after comptroller finds 68% of operators lacked valid certifications. #NewsismyBusiness

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The Puerto Rico House Consumer Affairs Committee held a hearing to probe LUMA Energy’s denials of claims for damaged appliances.
In-Brief
Lawmakers investigate LUMA’s rejection of 1,800+ damage claims
NIMB Staff May 28, 2025

Lawmakers question liability limits, hint at legislative action. #NewsismyBusiness

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Cooperativa de Seguros Múltiples’ Eco Taxi initiative on display at the exhibit.
In-Brief
‘La Movida del Verano’ exhibit on at Plaza Las Américas through June 1
NIMB Staff May 28, 2025

Event features electric and hybrid cars, vintage collectibles and marine engines. #NewsismyBusiness

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Puerto Rico’s Department of Economic Development and Commerce led a trade mission to the Dominican Republic, where Puerto Rican business leaders met with Dominican officials and companies to explore export and investment opportunities.
Featured, Government
Puerto Rico completes successful trade mission to Dominican Republic
Maria Miranda May 27, 2025

DDEC reports $3 million in projected sales from 22 participating companies. Puerto Rico’s Department of Economic Development and Commerce (DDEC, in Spanish) recently led a trade mission to the Dominican Republic aimed at expanding economic and commercial ties between the neighboring islands. DDEC Secretary Sebastián Negrón-Reichard, accompanied by more than 20 small and medium-sized enterprise […]

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Puerto Rico Insurance Commissioner Alexander Adams-Vega
Featured, Insurance
Insurance commissioner urges policyholders to prepare before hurricane season
NIMB Staff May 27, 2025

Commissioner Alexander Adams-Vega stresses early review of coverage, flood protection, and deductibles for homeowners and businesses. #NewsismyBusiness

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More than a conference, Oasis Empresarial has become a movement for women who want to pursue healthy entrepreneurship, growing in purpose, leadership and well-being.
In-Brief
Oasis Empresarial returns with transformative event for women
NIMB Staff May 27, 2025

Third edition to focus on purpose, leadership and personal growth. #NewsismyBusiness

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Through this program, beneficiaries receive monthly food deliveries tailored to their nutritional needs, including options for conditions such as diabetes, hypertension and kidney disease, designed by professional nutritionists.
In-Brief
MMM Foundation expands food program for older adults
NIMB Staff May 27, 2025

“Adopt an elderly person” initiative provides year-round home-delivered nutrition support. #NewsismyBusiness

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The analysis points to a long-standing structural imbalance in Puerto Rico’s economy, noting that the Leading Economic Index confirms the island no longer responds effectively to traditional stimulus measures.
Economy, Featured
Puerto Rico’s economic activity drops for 2nd straight month in Feb.
NIMB Staff May 26, 2025

Coincident and leading indicators reflect weakening momentum amid fiscal uncertainty and global trade tensions. #NewsismyBusiness

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Mónica Flores-Barragán, president of ManpowerGroup Latin America.
Featured, Labor/HR
Adapting to workforce trends crucial for Puerto Rico’s economic growth
NIMB Staff May 26, 2025

Talent shortages, generational shifts and leadership transformation reshape the labor landscape. #NewsismyBusiness

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The Ponce Health Sciences University School of Dental Medicine has integrated Simodont, a virtual reality dental training system used in academic dental institutions worldwide, to strengthen student skills and improve clinical training.
In-Brief
PHSU opens its first dental clinic following $300K investment
Michelle Kantrow May 26, 2025

The new facilities integrate Simodont virtual reality technology. #NewsismyBusiness

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Construction at Valley Village is scheduled for completion by April 2028 and will provide housing for hundreds of families in Santa Isabel, according to government officials.
Featured, General Biz News
FirstBank finances $75M for Valley Village housing project in Santa Isabel
NIMB Staff May 23, 2025

The eco-friendly, 292-unit affordable housing complex receives funding through federal tax credits and CDBG-DR. #NewsismyBusiness

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Mercadito is designed to streamline how Puerto Rico government agencies purchase goods and services through a centralized digital platform, officials said. (Screen capture)
Featured, Government
GSA launches Mercadito, 1st gov’t e-commerce platform in LatAm
NIMB Staff May 23, 2025

New system offers agencies access to 25,000 products and services with streamlined, transparent procurement. #NewsismyBusiness

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Discover Puerto Rico and Calm partnered to offer wellness-themed audio content highlighting the island’s culture and natural settings.
In-Brief
Discover Puerto Rico debuts wellness audio experience on Calm app
NIMB Staff May 23, 2025

Partnership features meditations, soundscapes and a Sleep Story narrated by Lin-Manuel Miranda. #NewsismyBusiness

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Danilo Trinidad Pérez-Rivera, CEO and scientific director of XSync, will represent the company in New York University’s Stern Venture Fellowship summer program.
In-Brief
Puerto Rican startup XSync selected for NYU’s digital health fellowship
NIMB Staff May 23, 2025

AI-powered platform aims to transform preventive care and community wellness through biometric data. #NewsismyBusiness

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QUOTE OF THE WEEK:

“Trust is the main ingredient for business. So instead of telling your employees that AI is coming after you’ve made the decision and have a plan for implementation, you should involve them during conception and evaluation. That way, you can address their questions, fears and concerns from the start.”

 

— Paulo Preciado, executive advisor partner for the Caribbean and Central America, Great Place to Work

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