Oriental leads in 7(a), 504 SBA loan originations
November 9, 2021
The US Small Business Administration confirmed that Oriental established itself as the leading bank in loan origination volume under the agency’s 7(a) and 504 financing programs. “We reiterate our commitment to small and medium businesses. We’re here to help them to say ‘Yes I can’ achieve my company’s goals,” said Carlos Comas, director of Business […]
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SME opens call to nominate candidates for ’21 Top Management Awards
November 9, 2021
The Puerto Rico Sales and Marketing Executives Association (SME, in Spanish) has opened the call to nominate candidates for the Top Management Awards, which will run through Nov. 30. “The call is open to all towns in Puerto Rico and the nominee doesn’t have to be a member to compete,” said Daniel Pérez del Valle, […]
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Porsche Destination Charging network has 14 stations in Puerto Rico
November 9, 2021
With the upcoming installation of two 175-kilowatt chargers, Porsche Center Puerto Rico will become the first Porsche Center in Latin America and the Caribbean to have two high-speed chargers that can charge the Taycan’s battery in approximately half an hour, the company said. In addition to the new supercharger, in recent months six new chargers […]
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1st Macy’s Backstage on the island opens at Plaza Las Américas
November 8, 2021
Plaza Las Américas and Macy’s Backstage announced the upcoming opening of the first Macy’s Backstage store in Puerto Rico, on Nov. 20, in time for the busy holiday shopping season. Macy’s on-mall, off-price pop-up store will be located on the second level of the space previously occupied by Borders and will have approximately 14,000 square […]
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PRASA opens bid for 11 infrastructure projects worth $176M
November 8, 2021
The Puerto Rico Aqueduct and Sewer Authority (PRASA) will open bids for 11 infrastructure projects in December, whose total investment approaches $176 million, government officials said. The list of projects includes improvements to the raw water intake located in the Río Grande de Añasco, the completion of the rehabilitation of the Cidra dam, the design […]
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ICANN scraps in-person conference planned for March ’22 in Puerto Rico
November 8, 2021
The Internet Corporation for Assigned Names and Numbers (ICANN) announced that it will no longer hold its in-person ICANN73 convention in Puerto Rico on Mar. 5-10, 2022, going virtual instead, citing “continuing impacts of the COVID-19 pandemic.” The ICANN Board of Directors — which first announced plans to come to the island in 2019 — […]
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Triple-S Management Corp. reports $8.2M in 3Q21 net income
November 8, 2021
Healthcare services company Triple-S Management Corp. announced net income of $8.2 million, or $0.35 per diluted share, for the third quarter ended Sept. 30, compared with $23.6 million, or $1.02 per diluted share, in the prior year period. Adjusted net income stood at $9.6 million, or $0.41 per diluted share, during the most current quarter, versus $14.2 million, or $0.61 per diluted share, in the period in […]
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Executive appointments in Popular, Foxwoods Casino, PR Women’s Foundation
November 8, 2021
This edition of Climbing the Corporate Ladder reports on executive appointments in a cross-sector of industries in Puerto Rico. Popular names COO, chief legal officerPopular Inc. announced the appointment of Javier D. Ferrer as COO and head of business strategy. It also named José R. Coleman-Tió as executive vice president, chief legal officer and general […]
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Passenger traffic at LMM up 14.4% in October, vs. same month in ’19
November 8, 2021
Grupo Aeroportuario del Sureste, known as ASUR — whose subsidiary Aerostar Holdings operates the Luis Muñoz Marín International Airport (LMM) — confirmed that passenger traffic at the facility increased 14.4% in October, in comparison to the same month in 2019. The company compares current results to pre-pandemic numbers, which “reflect a continued overall recovery in […]
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Global Wireless Solutions ranks Liberty’s mobile network as Puerto Rico’s best
November 8, 2021
Virginia-based network testing company Global Wireless Solutions has once again named Liberty Puerto Rico’s mobile network as the best overall on the island, the company announced. This year, Liberty Mobile’s network also got top marks from the independent benchmarking, analysis and testing company as the most reliable and as the best coverage on the island. […]
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Puerto Rican boxer Trinidad, father, sue Popular Inc. for $175M
November 5, 2021
Puerto Rican boxer Félix “Tito” Trinidad-García and his father, Juan Félix Trinidad-Rodríguez, are suing Popular Inc. — parent company of Banco Popular de Puerto Rico — for no less than $175 million in damages. In the lawsuit filed in the US District Court for the District of Puerto Rico, the Trinidads are “seeking fair and […]
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Discover Puerto Rico to spend $50M in federal funds to market island
November 5, 2021
Discover Puerto Rico, the island’s Destination Marketing Organization (DMO), will use $50 million in American Rescue Plan Act funds (ARPA) during 2022 and 2023 to expand the marketing campaign throughout the US mainland and boost promotions beyond the already developed international markets. Discover Puerto Rico Chief Marketing Officer Leah Chandler confirmed the information during a […]
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Colombia’s Viva Air gets OK to fly to Luis Muñoz Marín International Airport International Airport
November 5, 2021
Viva Air, Colombia’s low-cost carrier that is part of Grupo Viva, has received the go-ahead from the country’s aviation authority to begin flying from Bogotá and Medellín to the Luis Muñoz Marín International Airport (LMM) in Carolina. As News is my Business first reported late last month, the two direct routes were part of a […]
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Popular Inc. will raise minimum salary to $13/hour starting in January ’22
November 5, 2021
Popular Inc., parent company of Banco Popular de Puerto Rico, will raise the minimum hourly base salary for 68% of its workforce, company CEO Ignacio Álvarez announced during its “Popular Connects” town hall meeting. The hourly base salary in Puerto Rico will increase to $13 in January 2022 and to $15 in January 2023. “Our […]
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WCK opens new round of grants for food production projects in Puerto Rico
November 5, 2021
World Central Kitchen (WCK) announced the launch of its ninth round of grants as part of its Food Producer Network (FPN), a program that helps build resilient local food systems and strengthen food security. It does so through grants of up to $20,000 to support farmers, fishers, and food-related businesses and nonprofit organizations based in […]
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