Pierluisi unveils design plans for new $56M hospital in Vieques
August 20, 2021
Gov. Pedro Pierluisi unveiled the concept and timeline for what will be a new full-service hospital on the island municipality of Vieques. The cost of the project that will break ground by year’s end has an associated investment of $56 million. The facilities will be constructed in phases starting in 2022 and finishing in 2024, […]
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Op-Ed: The cryptocurrency bubble: It’s not if, but when it bursts
August 20, 2021
When will the bitcoin speculative bubble burst? Like all speculative investment euphoria bubbles, there is a time when a herd of investors enamored with huge returns will begin to invest or consider investing in asset classes they don’t fully understand or comprehend. Such is the case with bitcoin, which is the name of the most […]
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Economic Activity Index reaches max level of 118.9 points in June
August 20, 2021
Puerto Rico’s Economic Activity Index (EDB-EAI) reached a maximum level of 118.9 points, a number that represents a year-over-year increase of 8%, Economic Development Bank President Luis Alemañy confirmed. “This is the fourth year-over-year increase after 12 consecutive decreases. If compared to the previous month, the EDB-EAI growth rate decreased 0.5%. The interannual results reflect […]
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7 Eagle Group Caribe gets $6.6M to launch cybersecurity operation
August 19, 2021
Technology services company 7 Eagle Group Caribe ViPR-SOC (7EGC) will be the first “Quantum-Resistant” cybersecurity operation in the United States and Puerto Rico and will be established in the island starting in the first quarter of 2022. As part of its upstart, the firm received $6.6 million in incentives which will be directed toward construction, […]
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ESPN, local orgs build, open multifunctional sports space in San Juan
August 19, 2021
At a virtual event on Aug. 17, ESPN and partners officially opened a newly transformed multifunctional sports space dedicated to the local community and its residents. The site is the 10th in the global “Built to Play” project series, led by ESPN. Partners on the project include the local community, with love.fútbol, Coaches Across Continents, […]
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Puerto Rico Blockchain Trade Association partners with CryptoMondays San Juan
August 19, 2021
The Puerto Rico Blockchain Trade Association announced a partnership with CryptoMondays San Juan, which “will make events more inclusive and accessible, empowering Puerto Ricans to tap into education, networking, and employment opportunities.” “Our weekly events on the island bring blockchain enthusiasts, entrepreneurs, investors, and developers together,” said CryptoMondays San Juan organizer Pedro Rivera. “The power […]
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WAPA TV announces new internship program for meteorology students in Puerto Rico
August 19, 2021
WAPA Television announced the creation of a new internship program between WAPA’s NotiCentro newscast and the University of Puerto Rico’ Mayagüez Campus (known as the RUM). The program, which establishes a Meteorology Communication Laboratory will benefit students pursing degrees in meteorology at the RUM — the only training center for future meteorology professionals in Puerto […]
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Puerto Rico tourism sector to get $120M injection in federal funds
August 18, 2021
Puerto Rico’s tourism sector will get $120 million in American Rescue Plan funds to promote the island as a destination and develop five specific projects, Gov. Pedro Pierluisi said. “Tourism is one of the most important and fastest growing economic sectors in the world, with an annual growth of 2.5% during the last decade,” said […]
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Parallel18 launches Talent App for freelancers, students, and professionals
August 18, 2021
As part of its efforts to promote economic and technological development and employment on the island, parallel18 is launching the Talent App, a tool for students, freelancers and professionals to submit their information and upload their resume to a talent database that will be available to more than 300 companies that belong to the accelerator programs. […]
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Public Relations Professionals Assoc. unveils on-demand courses, virtual library
August 18, 2021
The Puerto Rico Public Relations Professionals Association (ARPPR, in Spanish) announced it will offer its members access to seminars and courses with continued education through a new on-demand platform. The new benefit will include a catalogue of the courses the association has offered since 2020, as well as access to its professional development program “in […]
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Discover Puerto Rico CEO gets US Travel Association award for heading recovery
August 18, 2021
The National Council of State Tourism Directors of the US Travel Association awarded Brad Dean the organization’s highest recognition, “State Tourism Director of the Year,” for the “exceptional results achieved under his leadership for the accelerated recovery of the visitor economy in Puerto Rico.” The award was announced during the US Travel Association Convention held […]
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Ports Authority signs 20-yr. lease agreement with Flexitank
August 18, 2021
After several months of negotiation, the Puerto Rico Ports Authority and local company Flexitank Inc. signed a new 20-year lease for facilities the agency owns, Ports Executive Director Joel A. Pizá said. Flexitank will invest more than $1.7 million in improvements to Ports Authority facilities located in the Mercado Central of the Puerto Nuevo pier […]
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Walgreens launches myWalgreens credit card program, available in Puerto Rico
August 17, 2021
Walgreens has introduced the new myWalgreens Credit Card program, featuring two retail health and wellness credit cards, issued by Synchrony Bank. The program and the cards will be available in Puerto Rico, News is my Business confirmed. The myWalgreens Mastercard and the myWalgreens Credit Card are the first-ever of their kind to reward more personalized […]
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CNE: Changes to UPR fiscal budget ‘unilaterally changes part of social contract’
August 17, 2021
The University of Puerto Rico’s Fiscal Plan “unilaterally changes a significant part of our social contract, redistributing the risk and responsibility of providing higher education outside the state and toward the individual and the private sector,” said Sergio Marxuach, policy director at the Center for a New Economy. “The modern social contract in developed societies […]
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Practical Techie: High tech supports back-to-school amid persistent pandemic
August 17, 2021
As thousands of students return to the classroom amid this last pandemic semester of 2021, the new mixed reality of transferring knowledge from teacher to students via online or a physical classroom makes learning and teaching more challenging than ever before. This year’s reality is a hybrid live and virtual flow of lessons, an […]
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