PRASA announces $47M in water infrastructure projects in the west
March 4, 2021
The Puerto Rico Aqueduct and Sewer Authority announced plans for some $47.2 million in infrastructure projects to improve the to the water and sewerage system in western municipalities. “We’re pleased to be able to share with the mayors and legislators of Puerto Rico’s western region the resumption of our capital improvement program that will provide […]
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Toyota USA Foundation distributes $200K in grants to 3 nonprofits
March 4, 2021
Over the past year, thousands of students from the Boys & Girls Club of Puerto Rico have struggled with the challenges of virtual learning. To support both virtual and in-person learning, the Toyota USA Foundation awarded a total of $200,000 to three local nonprofit organizations: Boys & Girls Club of Puerto Rico; Casa de Niños […]
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Puerto del Rey marina in Fajardo adopts Speedy Dock app to provide services
March 4, 2021
The Puerto del Rey marina in Fajardo recently adopted the Speedy Dock application, which provides boat owners and clients an efficient way to track their boats and schedule a launch request through mobile devices. “We’re always on the search for new technologies that will allow us to improve the services that we provide to our […]
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Estudios Técnicos predicts better economic outlook during 2nd half of ’21
March 3, 2021
In a recent overview of Puerto Rico’s economic panorama, analysis firm Estudios Técnicos predicted that fiscal conditions on the island could improve during the latter half of this year. In the research, the firm acknowledged that Puerto Rico’s economy continues to experience declines, but external factors such as the distribution of the COVID-19 vaccine, the […]
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Oriental expands access to PPP loans under new guidelines
March 3, 2021
Oriental announced it will expand access to loans for small and medium-sized businesses (SMEs) under the US Small Business Administration’s new guidelines for the Payroll Protection Program (PPP). Oriental has already awarded some $300 million in loans to more than 3,500 businesses between the first round and so far in the second round of this […]
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Evertec reports $510.6M in Fiscal ’20 revenue; $134.2M in 4Q20
March 2, 2021
San Juan-based Evertec disclosed its financial results for the fourth quarter and full year ended Dec. 31 2020, reporting a 6% quarter-over-quarter revenue increase to $134.2 million and 5% revenue growth of 5% to $510.6 million year-over-year. For the fourth quarter, the firm stated that GAAP net income attributable to common shareholders was $32.3 million, […]
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Habitat for Humanity finishes home repairs in 5 communities in Guayama
March 2, 2021
A total of 37 families in the town of Guayama now have a safe roof over their heads through an initiative by Habitat for Humanity of Puerto Rico and its Housing Repair Program, created to aid in the rehabilitation and reconstruction of homes across the island affected by the Hurricanes Irma and María. The project, […]
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Money Express marks 25th anniversary with innovation, branch upgrades
March 2, 2021
Puerto Rican financial institution Money Express is marking its first 25 years on the island looking ahead toward adopting new technologies and optimizing its branches to secure its growth. Its plans include redesigning its web page to include new products, namely “Prestamás,” which provides loans of between $5,000 and $15,000 and the alternative of applying […]
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Puerto Rico Manufacturing Purchasing Managers Index up to 52.4 in January
March 2, 2021
The Puerto Rico Purchasing Managers Index (PRM-PMI) for the manufacturing sector increased to 52.4 in January, breaking the threshold of 50, suggesting growth when compared to the previous month. The employment, own Inventories and suppliers’ deliveries sub-indexes increased with respect to the previous month, while the employment, suppliers deliveries and own inventories sub-indexes beat the […]
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Discover Puerto Rico hosts virtual roundtables to boost future groups business
March 2, 2021
Looking to lead a successful recovery in the meetings, incentive, conventions and event (MICE) segment, Discover Puerto Rico has developed a series of meeting planner roundtables to educate partners about client trends and perspectives related to booking live events in the future. The roundtables also provide insight on the state of the meetings industry, direct […]
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Liberty Puerto Rico reports $624M in revenue for ’20; $296M in 4Q20
March 1, 2021
Saying that the “integration of AT&T’s Puerto Rico and USVI operations [are] progressing well,” Liberty Latin America announced that its subsidiary, Liberty Puerto Rico, generated $624 million in revenue during the 12 months ended Dec. 30, 2020, representing a 9.9% increase year-over-year. In its latest financial report, Liberty Puerto Rico was also attributed $296 million […]
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Colmena66 wins $10K from SBA’s Lab-to-Market competition
March 1, 2021
Colmena66, a San Juan-based based nonprofit that connects island entrepreneurs and small business owners to local and regional resource partners, was awarded $10,000 through the Lab-to-Market (L2M) Inclusive Innovation Ecosystem Prize Competition, sponsored jointly by the US Small Business Administration and the National Science and Technology Council. The nonprofit received the “Super Connector” award for its submission highlighting […]
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AAFAF to participate in J.P. Morgan investment conference
March 1, 2021
Puerto Rico Fiscal Agency and Financial Advisory Authority Executive Director Omar J. Marrero will appear before corporate leaders, sponsors, institutional investors and financiers at the J.P. Morgan 2021 Global High Yield & Leveraged Finance Conference to “provide a favorable perspective on doing business in Puerto Rico and present the significant accomplishments of the government of […]
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T-Mobile Puerto Rico customer base exceeds 1M after fusion with Sprint
February 26, 2021
The culmination of its integration with Sprint, and the sale of AT&T’s wireless operation in Puerto Rico, has boosted T-Mobile’s business, which at the end of 2020 exceeded 1 million in customers for the first time, T-Mobile Puerto Rico General Manager Jorge Martel said. While sharing 2020 results, Martel said T-Mobile saw an 8% growth […]
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Professional groups deliver 2 homes under the ‘Mi Casa Resistente’ project
February 26, 2021
The College of Engineers and Land Surveyors, in collaboration with several partners, delivered the keys of two of their houses built under the “Mi Casa Resistente” (“My Resistant Home”) project, at a cost of $95,000 each. The trade group known as the CIAPR in Spanish, worked with the College of Architects and Landscape Architects, the […]
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