MS The World cruise docking in San Juan today for 3-day visit
November 1, 2021
Seven years since its last visit, the MS The World residential cruise ship will arrive today at Pier 4 in Old San Juan for a three-day transit stop, following a port agreement between the line, the Health Department, the Port Authority as required by the Centers for Disease Control and Prevention, Ports Executive Director Joel […]
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El Conquistador Resort’s Ballyhoo’s restaurant reopens after $1M reno
November 1, 2021
El Conquistador hotel in Fajardo announced the reopening of Ballyhoo’s restaurant, located at the property’s marina, following a $1 million renovation. The private investment includes a full kitchen remodel, expanding capacity for diners to accommodate 104 people, purchasing new furniture and raising the original ceiling. About 10 direct and 30 indirect jobs are created with […]
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Puerto Rico Senate rejects solar taxes to repay PREPA’s debt
November 1, 2021
The Puerto Rico Senate approved a resolution to order the Strategic Projects and Energy Committee to carry out an investigative process to identify alternatives to repay the Puerto Rico Electric Power Authority’s (PREPA) debt — which do not include solar taxes — and are in compliance with Act 17-2019, known as the Puerto Rico Energy […]
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Puerto Rico Treasury seizes 136 investment accounts in brokerage houses
October 29, 2021
The Puerto Rico Treasury Department confirmed the seizure of 136 investment accounts in local and US brokerages held by delinquent taxpayers, amounting to more than $3 million. Agency Secretary Francisco Parés said the figure includes interest, surcharges, penalties, and garnishment costs. “This action coordinated by the agency’s Revenue Bureau stemmed from the failure of taxpayers […]
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Tasty Smart expands into FL market with Sam’s Club
October 29, 2021
Reaffirming its commitment to local entrepreneurs, Sam’s Club Puerto Rico announced that the variety of vegan and gluten-free cookies manufactured on the island, Tasty Smart, is currently available in 28 of its stores in South Florida and with the possibility of expanding to 48 establishments in that area in the coming months. “We continue focused […]
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Evertec awards 170+ scholarships totaling $185K
October 29, 2021
Evertec announced it has awarded more than 170 scholarships to university students in Puerto Rico and throughout Latin America in connection with the 7th edition of its Scholarship Program. The company granted more than $185,000 maintaining, for its second consecutive year, equal participation of men and women. The company, in alliance with leaders in the […]
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Milk Producers Co-op says Indulac has ‘made progress’ in past 5 years
October 29, 2021
Five years after buying 100% of the shares of the Industrias Lecheras de Puerto Rico (Indulac, in Spanish) processing plant, the Milk Producers Co-op (COOPPLE, in Spanish) has achieved market growth, fulfilled its obligations, improved the performance of Puerto Rico’s dairy cows and made profits to distribute among its partners in the sector, executives announced. […]
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Liberty will apply credits for hours of fixed internet service interruption
October 28, 2021
Liberty Puerto Rico confirmed it will be applying automatic credits to thousands of customers on the island who experienced an interruption of their fixed internet service Wednesday night. In a statement, the company explained the reasons for the fixed internet outage between 8 p.m. and midnight Wednesday. “We experienced a situation with the access routes […]
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Evertec reports $146M in 3Q21, up 7% YoY; signs deal with Caja Popular Mexicana
October 28, 2021
Evertec Inc. announced total revenue for the quarter ended Sept. 30, 2021, of $145.9 million, an increase of 7% compared with $136.5 million in the prior year quarter as it “continues to benefit from increased transactions in Puerto Rico, driven by the continued effect from the inflow of federal funds, and increased revenue from our […]
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PHSU’s $1.1M grant equips 8 hospitals with telemedicine technology
October 28, 2021
As part of a $1.1 million grant from Cares Act funds awarded to the Ponce Research Institute at Ponce Health Sciences University (PHSU), eight hospitals across Puerto Rico have been outfitted with new technological equipment for telemedicine, the institution announced. The hospitals and entities to which PHSU delivered these telemedicine machines for residency programs are: […]
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Puerto Rico Bankers Association adds 3 new financial institutions
October 28, 2021
Banco Cooperativo de Puerto Rico, Banesco and the Federal Home Loan Bank of New York have joined the Puerto Rico Bankers Association, joining commercial banks Banco Popular de Puerto Rico, Citi and Firstbank, which are already part of the trade group. “For the Puerto Rico Bankers Association, it’s a great to be able to count […]
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FV Bank set to launch cryptocurrency-linked Visa card programs
October 28, 2021
San Juan-based FV Bank, which has a digital asset custody license from the Office of the Commissioner of Financial Institutions (OCIF, in Spanish), announced it has been approved as a principal member of Visa. With that certification, FV Bank is now both a full-service bank offering both traditional banking services and digital asset custody, as […]
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Puerto Rican consumers juggling budget to handle price hikes, product shortages
October 27, 2021
The Chamber of Marketing, Industry and Food Distribution’s (MIDA, in Spanish) most recent Consumer X-Ray shows a Puerto Rican consumer who is juggling their budget in the face of price hikes, product shortages and daily expenses. The 29th edition of the study also shows that fluctuations in monthly spending on groceries reflect the greater influence […]
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FCC allocates $5.3M to Puerto Rico schools, libraries through emergency fund
October 27, 2021
The Federal Communications Commission (FCC) has committed $5.3 million to Puerto Rico through its program to fund connected devices and broadband connections through its Emergency Connectivity Fund Program, the agency confirmed. The island has received the funding in three waves, getting $2.6 million during the first round, $2.1 million in the second, and $625,928 in […]
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San Juan-based TransPerfect buys $30M property for future learning center
October 27, 2021
TransPerfect, a San Juan-based provider of language and technology solutions for global business, announced that its high-ranking officials have signed off on a $30 million property in Puerto Rico that will become the future home of TransPerfect’s Management Learning Center. “The total investment…in the Puerto Rico-based facility signals the beginning of a new era for […]
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