US Travel Assoc.: Puerto Rico leads way in travel recovery
October 25, 2021
The US Travel Association’s Recovery Dashboard with data from Tourism Economics confirmed that Puerto Rico is leading in recovery, with travel spending exceeding stateside averages. When comparing monthly spending, on average, the US was approximately 11% below the same time two years ago in September. But travel spending in Puerto Rico was more than 23% […]
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Cortelco to unveil new multi-service communications platform
October 25, 2021
Technology consulting company Cortelco Systems Puerto Rico Inc. is developing a service called “Lost Calls,” a communication platform for businesses and their clients that works as a messaging and calls system that converts text-to-speech into data. The company also announced a new cash dividend for its stockholders of $0.15 per share payable on Dec. 15, […]
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Small Inn Assoc. backs Dorado’s move to regulate short-term rentals
October 25, 2021
The Puerto Rico Association of Small Inn Owners and Tourism confirmed its support of a Municipal Ordinance passed in the Municipality of Dorado to regulate the more than 1,000 independent short-term rental accommodations operating in the town. Last week, local media outlets reported that the beachfront town is requiring a permit from short-term rental operators to […]
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NASA commits $1M for Puerto Rico EPSCoR chapter
October 25, 2021
The Puerto Rico chapter of the Established Program to Stimulate Competitive Research (EPSCoR) will be receiving $1 million over the next five years from the National Aeronautics and Space Administration (NASA). EPSCoR is a part of NASA’s Office of Stem Engagement and based out of the agency’s Kennedy Space Center in Florida, which supports science […]
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Liberty Puerto Rico donates $1M to support socio-economic initiatives
October 22, 2021
Liberty Puerto Rico announced it has made a special $1 million donation to invest in high-impact initiatives that contribute to the socio-economic development of Puerto Rico and the US Virgin Islands. As part of the celebration as the “New Liberty,” the donation was made through the Liberty Foundation as a “gesture of gratitude for the […]
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Puerto Rico residents have bleak outlook on current situation, future
October 22, 2021
A study commissioned by the Puerto Rico Sales and Marketing Executives Association (SME, in Spanish) revealed that 78% of Puerto Rico residents believe that quality of life on the island is worse now than it was five years ago. Of that group, 84% are women mostly between 55 and 64 years of age, as well […]
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Sprung Instant Structures Inc. to establish $1M operation in Ponce
October 22, 2021
Sprung Instant Structures Inc. — a company specialized in the design and manufacture of prefabricated structures resistant to natural disasters — announced its arrival on the island, where it will invest about $1 million to establish operations in Ponce over the next two years. They are currently participating in several projects with Community Development Block […]
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Op-Ed: Looking back at public relations lessons learned during CaPeCo fire, explosion
October 22, 2021
It was the case that changed my public relations career. A loud thump woke me up from deep sleep that Thursday night. I was beyond exhausted when I put my preschoolers to bed that day. Our annual Halloween bash was only three days away and I had taken two days off from work to turn […]
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InterAmerican University gets $552K grant for virology research institute
October 22, 2021
The National Science Foundation awarded a $552,529 research grant for work at the InterAmerican University of Puerto Rico’s Aguadilla Campus, the college announced. The initiative will create the Host-Virus Evolutionary Dynamics Institute and together with its researchers, it aims to establish fundamental rules of life, or Laws of Virology, which govern the interactions and mechanisms […]
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OFG reports $41.6M in profits during 3Q21, up 61% YoY
October 21, 2021
OFG Bancorp, parent company of Oriental Bank, reported $41.6 million in net income available to shareholders during the third quarter ended Sept. 30, a 61% improvement from the $25.8 million on record for the same year-ago quarter. The financial institution reported diluted earnings per share of $0.81 during the latest quarter, compared to $0.50 in […]
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Popular Inc. reports $79.7M in YoY net income growth in 3Q21
October 21, 2021
Popular Inc., the parent company of Banco Popular de Puerto Rico (BPPR), reported net income of $248.1 million for the quarter ended September 30, 2021, up $79.7 million in comparison to the $168.4 million reported for the same year-ago quarter. “The third quarter was another strong quarter. We achieved net income of $248.1 million, driven […]
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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 […]
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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 […]
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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 […]
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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 […]
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