Colombia’s low-cost carrier Viva Air seeking permits to fly to Puerto Rico
October 21, 2021
Viva Air, a Colombian low-cost carrier that is part of Grupo Viva, has submitted an application to that country’s aviation authorities to begin flying from Bogotá and Medellín to the Luis Muñoz Marín International Airport (LMM) in Carolina, according to published reports. The two direct routes are part of an aggressive expansion plan by the […]
chat_bubble0 Comment
visibility2103 Views
CNE: ‘Romantizing’ the old PREPA would be a mistake
October 21, 2021
The recent malfunctioning of the Puerto Rico Electric Power Authority’s (PREPA) system — which have prompted ongoing rolling blackouts — is the result of decades of mismanagement of the public corporation, so “romantizing” it now would be a mistake, says an analysis released by the Center for a New Economy (CNE). But while blaming PREPA […]
chat_bubble0 Comment
visibility1373 Views
ParkMobile expands to Puerto Rico with contactless parking at Distrito T-Mobile
October 21, 2021
Smart parking and mobility solutions provider, ParkMobile, announced its expansion to Puerto Rico through a partnership with the Distrito T-Mobile entertainment venue in San Juan. Visitors are now able to pay for parking on their mobile devices in close to 3,000 spaces within three off-street gated facilities on the property. The integration of ParkMobile’s contactless […]
chat_bubble0 Comment
visibility2128 Views
Concilio de Salud Integral de Loíza Inc. sues town of Río Grande for $6M
October 20, 2021
The Concilio de Salud Integral de Loíza Inc. (CSILO) is suing the Municipality of Río Grande, including its mayor and several legislators, for nearly $6 million in damages related to a property that the nonprofit bought, but that the town allegedly seized through an ordinance. In the lawsuit filed at the US District Court for […]
chat_bubble0 Comment
visibility1667 Views
Puerto Rico Treasury: General Fund net income for July, Aug. exceed projections by $177M
October 20, 2021
Net income that flowed into the Commonwealth’s General Fund for July and August reached $801.1 million and $675 million, respectively, for a total of about $1.5 billion, which exceeded collections projections by $176.9 million, Puerto Rico Treasury Secretary Francisco Parés said. Income tax collections for individuals and corporations exceeded the projection by $51.2 million or […]
chat_bubble0 Comment
visibility1436 Views
Foundation for Puerto Rico gets $254K grant from Wells Fargo
October 20, 2021
Foundation for Puerto Rico (FPR) announced the launch of [re] ACTIVA, a new mentoring and training program aimed at small businesses whose operations have been affected by the COVID-19 pandemic. The program emerged after the nonprofit received of a $254,487 grant from Wells Fargo Open Business Fund. The entity is the only local organization on […]
chat_bubble0 Comment
visibility2015 Views
EDB: ‘US inflation outlook consistent with prices increase perceived by local consumers’
October 20, 2021
The Puerto Rico Economic Development Bank’s (EDB, in Spanish) Center for Economic Studies confirmed in a report that the inflationary outlook in the US mainland is consistent with the increase in prices perceived by local consumers. During a news conference, EDB President Luis Alemañy said from the lowest point recorded in June last year (-1.7%), […]
chat_bubble0 Comment
visibility1653 Views
US Dept. of Labor recovers $106K in overtime wages for 136 security guards in Puerto Rico
October 20, 2021
A US Department of Labor Wage and Hour Division investigation found that a Puerto Rico-based security services company misclassified 136 of its employees as independent contractors, denying them about $106,000 in overtime pay required under the federal Fair Labor Standards Act. Division investigators determined that Advance Investigation Group Inc. of Bayamón misclassified security guards as […]
chat_bubble0 Comment
visibility1506 Views
GSK Consumer Healthcare to reduce plastic in Advil bottles by 20%
October 20, 2021
GSK Consumer Healthcare, maker of Advil, announced it will reduce the amount of plastic used in the production of more than 80 million of its bottles by 20% for eco-friendly packaging allowing a decrease of almost 500,000 pounds of plastic, preventing it from getting into the environment. Advil’s packaging, which is made with a new […]
chat_bubble0 Comment
visibility3043 Views
Endeavor Puerto Rico catalyst fund raises $1M from local investors
October 19, 2021
Three years since its establishment on the island, Endeavor Puerto Rico has raised $1 million for its Endeavor Catalyst Fund, from local investors who seek to support the nonprofit’s goal “to help more entrepreneurs innovate, grow and create a mark on the global stage.” The nonprofit presented a result report that summarizes the most important […]
chat_bubble0 Comment
visibility2272 Views
Labor Dept. reminds employers about Christmas bonus exemption rules
October 19, 2021
The Department of Labor and Human Resources informed employers that they have until Dec. 15, 2021, to pay the bonus to private sector workers who are entitled to it, according to Puerto Rico laws. Employers looking to be exempted from paying the bonus to their employees, because they suffered economic losses or received earnings that […]
chat_bubble0 Comment
visibility1757 Views
University of Puerto Rico gets $750K to open research facility
October 19, 2021
The University of Puerto Rico’s Department of Chemistry at its Río Piedras campus has received a $750,000 grant to establish a Center for the Advancement of Hybrid Research Experiences for Underrepresented Students. The funding comes from the US Department of Education, under the Minority Science and Engineering Improvement Program (MSEIP) and will extend for three […]
chat_bubble0 Comment
visibility2032 Views
Executive posts filled at Wyndham Palmas, Subway, Banesco, NUC
October 19, 2021
This week’s edition of Climbing the Corporate Ladder includes professional appointments in the areas of hospitality, education, and banking, among others. Wyndham Palmas Golf and Beach Resort builds on exec. teamHospitality investment firm LionGrove and Andro Nodarse-León, the company’s CEO, announced new appointments at their recently acquired property, Wyndham Palmas Beach and Golf Resort in […]
chat_bubble0 Comment
visibility2385 Views
Mentes Puertorriqueñas en Acción launches 12th call for social sector internship
October 19, 2021
Nonprofit Mentes Puertorriqueñas en Acción (MPA) has launched a call for its 12th annual PARACa social action internship, in alliance with AmeriCorps VISTA, and PARACa summer 2022. The deadline to submit the application for the annual internship is Oct. 30, 2021 and the summer edition will be open until Feb. 28, 2022. This project targets […]
chat_bubble0 Comment
visibility2287 Views
Medical Cannabis Regulatory Board OKs freeze on license fees for doctors
October 19, 2021
The Medical Cannabis Regulatory Board recently approved a moratorium on the payment of license fees for physicians in Puerto Rico who wish to register or renew their authorization to recommend medical cannabis treatment to patients. This action resulted from a “weighted analysis” of the current situation related to the limited availability of doctors authorized to […]
chat_bubble0 Comment
visibility27240 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA