Susan G. Komen Puerto Rico grants $196K to 17 health care programs
January 28, 2022
The Susan G. Komen Puerto Rico Aid Program announced that $196,000 was awarded for the 2022 grant cycle to finance 17 programs in the categories of screening and diagnosis, active treatment, and cancer support programs. Selected nonprofit organizations serve communities with limited access to health services and will serve as spokespeople for the organization. The […]
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Fairmont El San Juan Hotel delivers $7,500 to Make-A-Wish Puerto Rico
January 28, 2022
The Fairmont El San Juan Hotel delivered a donation of $7,500 to Make-A-Wish Puerto Rico as part of its annual initiative, the “Trees of Hope” program. Over the holiday season, the hotel’s lobby was decorated with Christmas with the names and logos of the companies that contributed. “For more than 30 years, this foundation has […]
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First BanCorp. reports $281M in net income in ’21, vs. $102M in ’20
January 27, 2022
First BanCorp., parent company of First Bank, reported net income of $281 million for the year ended Dec. 31, 2021, compared to $102.3 million for the year ended Dec. 31, 2020. In an interview with News is my Business, First BanCorp. CEO Aurelio Alemán attributed the growth to the completion of the acquisition of Banco […]
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Construction permit approvals for coastal projects fast-tracked during Pierluisi’s 1st year
January 27, 2022
By Víctor Rodríguez Velázquez | Center for Investigative Journalism Far from slowing the pace of construction on Puerto Rico’s coasts to address climate change, as experts have requested, Gov. Pedro Pierluisi’s administration hit the accelerator to approve construction permits along the coasts. During his first year in office, and well into the pandemic, approval of […]
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Op-Ed: ’22 brings issues that will be ‘under the radar’ but must be closely watched
January 27, 2022
As the new year begins and faced with the uncertainty caused by the current local and global situation, the Center for a New Economy (CNE) has taken a look at what 2022 has in store. In the January edition of the CNE Review, which circulates today, its editor, Sergio M. Marxuach, addresses issues that will […]
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Hyatt Hotels expanding 83 suites at Regency Grand Reserve in Río Grande
January 27, 2022
Hyatt Hotels Corp. announced plans to expand and refurbish 83 guest suites at its Hyatt Regency Grand Reserve Puerto Rico property in Río Grande, a project to be completed this year. The hotel chain did not disclose the investment attached to the improvements, in response to questions from News is my Business. “However, Hyatt continues […]
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Energy Bureau to host 2nd workshop on issues related to vehicle charging stations
January 27, 2022
The Puerto Rico Energy Bureau will hold the second technical workshop related to the establishment of infrastructure, billing processes, and regulations for the charging and recharging of electric vehicles on the island. The workshop will take place today, from 2 p.m. to 5 p.m. and may be seen HERE. “As we established last November, we […]
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ATM joins HMS Ferries on new ticket policy for Vieques, Culebra ferries
January 27, 2022
The Maritime Transportation Authority (ATM, in Spanish) and HMS Ferries, in alliance with the mayors of the island municipalities of Vieques and Culebra announced a new consolidated ticket exchange and refund policy for the Puerto Rico Ferry that can allow their vessels to operate at full capacity. This policy states that from now on: Passenger-only […]
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Puerto Rico restaurants lose $398M in sales in ’20 due to pandemic
January 26, 2022
Puerto Rico’s restaurant industry took a $398 million hit in sales during 2020, when COVID-19 restrictions were in full force, reaching $1.6 billion, a report released by Puerto Rico Restaurants Association (ASORE, in Spanish) showed. The 2020 results were 20% down from the $1.9 billion reported for 2019. The study also showed that in the […]
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Puerto Rico credit union deposits up 12%, while customer base continues to expand
January 26, 2022
The Financial Stability Index for the Credit Union Industry in Puerto Rico, prepared by Estudios Técnicos Inc. (ETI), shows that conditions in this industry continued to improve in the third quarter of 2021. Economist Leslie Adames, director of ETI’S Economic Analysis and Policy Division, said “the index increased from 0.49 in the third quarter of […]
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Practical Techie: Third generation cell phones will phase out
January 26, 2022
It’s written on the digital wall: Most major telecom companies are phasing out third-generation networks by February 2022. Network providers are shutting off 3G to repurpose the finite spectrum or the airwaves allotted by the Federal Communications Commission to send wireless signals. This means cell phones that rely solely on a 3G connection are most likely to end […]
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Texas Roadhouse to open 1st eatery in Puerto Rico in ’23, 3 more planned
January 26, 2022
Urban Edge Properties announced the upcoming opening of the first Texas Roadhouse restaurant in Puerto Rico, to be located at the Outlets at Montehiedra. The aim is to open the first eatery in mid-2023 and another three locations in coming years, the company stated. The 6,400 square-foot Texas Roadhouse location will employ 150 people, and […]
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Puerto Rico jobless rate at 7.5% in Dec. ’21, down from 9.2% in Dec. ’20
January 26, 2022
Puerto Rico’s seasonally adjusted unemployment rate was estimated at 7.5% in December 2021, representing a decrease of 0.3 percentage points when compared to November 2021, and 9.2% when compared to December 2020, dropping 1.7 percentage points. The Puerto Rico Labor Department published the most recent study that identifies people who are fit and available to […]
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Grupo Guayacán, Liberty Foundation partner for ‘Conectando tu negocio al éxito’ program
January 26, 2022
Grupo Guayacán and Liberty Foundation have kicked off 2022 with an open call seeking entrepreneurs interested in participating in ‘Conectando tu negocio al éxito,’ their new entrepreneurial training program, which will offer mentoring and financial aid to start-up companies throughout the island. This program seeks to promote the innovation and growth of Puerto Rican entrepreneurship […]
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To Go Stores to pay $125K civil penalty for environmental violations in Puerto Rico
January 25, 2022
The U.S. Environmental Protection Agency announced a settlement between the United States and To Go Stores, LLC., that will resolve alleged violations of federal environmental laws at 15 gas stations in Puerto Rico. The company will pay a $125,000 civil penalty as part of the agreement. Underground storage tanks owned and/or operated by To Go […]
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