JCPenney reopens 6 stores in Puerto Rico today
June 12, 2020
Retailer JCPenney will reopen the doors of its six stores in Puerto Rico today, after temporarily closing due to the COVID-19 pandemic. The six stores are located in Plaza Las Américas in Hato Rey, Plaza Carolina, Plaza Centro in Caguas, Mayagüez Mall, Plaza del Caribe in Ponce and Plaza del Norte in Hatillo. JCPenney is […]
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CBP San Juan seizes 560 pairs of counterfeit Apple AirPods
June 12, 2020
U.S. Customs and Border Protection’s San Juan Field Operations announced the seizure of 560 pairs of fake Apple AirPods imported into Puerto Rico from Hong Kong via air courier. Had these goods been genuine, the estimated manufacturer suggested retail price would have been about $111,440, the agency said. “This product is sought by consumers because […]
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Puerto Rican micro-mobility co. Skootel halts operation to work with gov’t to amend traffic law
June 12, 2020
Puerto Rican micro-mobility company Skootel, which has been operating the first and only fleet of electric scooters in Puerto Rico and the Caribbean since January 2019, comfirmed that it will voluntarily pause its operation starting today. This responds to its decision to work with the Legislature and the Department of Transportation and Public Works to […]
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PREPA contract procedure to buy natural gas ‘circumvented rules’
June 11, 2020
A lucrative contract to deliver natural gas to a Puerto Rico power generation plant was awarded through a process plagued by irregularities that provided unfair advantages to a company with limited experience on the island, according to a report co‑authored by Tom Sanzillo of the Institute for Energy Economics and Financial Analysis (IEEFA) and Ingrid […]
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Simon Property Group ends deal to buy Taubman Centers
June 11, 2020
Simon Property Group Inc., which in February 2020 announced plans to acquire rival mall operator Taubman Centers Inc. for some $3.6 billion, confirmed it has terminated the deal. The retail giants have properties worldwide, including Plaza Carolina, a Simon property, and The Mall of San Juan, which Taubman opened in 2015. Both shopping centers reopened […]
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Analysis: Puerto Rico to bear harder economic brunt from pandemic
June 11, 2020
Puerto Rico is expected to “be hit harder” by the effects of the COVID-19 pandemic in comparison to many other global jurisdictions, mainly due to the exceptional circumstances it faced prior to the health crisis, according to the latest analysis released by Estudios Técnicos. The firm, based in San Juan, predicts as a result, Puerto […]
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eBay to invest $150K to support Puerto Rico’s micro, small and mid-sized businesses
June 11, 2020
As a result of the current coronavirus (Covid-19) pandemic, micro, small and medium businesses in Puerto Rico are facing unprecedented challenges, which puts their income and possibilities of sustaining their business in danger. For this reason, today, eBay has launched “Mi Negocio 24/7 en eBay,” an acceleration program that will allow Puerto Rican businesses to […]
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Puerto Rico new car sales take 69.9% dive in May
June 11, 2020
The month of May closed with the sale of 2,666 new cars sold, reflecting a 69.9% drop in comparison to the 8,862 units sold during the same month last year, the United Automobile Importers Group confirmed. With these results, the sector has seen a contraction of 48.9% so far in 2020, the trade association said. […]
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Puerto Rico Hurricane Hub unveils preparedness initiatives for cyclonic season
June 11, 2020
Faced with the challenges of the 2020 Hurricane Season, along with the earthquakes and the COVID-19 pandemic, the the Puerto Rico Public Health Trust’s Hurricane Hub program unveiled several initiatives for prevention, preparedness and response in what is predicted to be an active cyclonic season. Part of these initiatives includes the launch of the Virtual […]
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Marina Puerto del Rey offers tips for boaters navigating into hurricane season
June 11, 2020
As Puerto Rico heads into this year’s hurricane season, which weather experts have predicted will be an active one, Marina Puerto del Rey in Fajardo unveiled tips to prepare and secure boats in the coming months. The season runs June 1 through Nov. 30, and navigating it requires planning, the owners of the marina located […]
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FEMA earmarks $30M+ for 71 recovery projects in Puerto Rico
June 10, 2020
The Federal Emergency Management Agency and the Central Office for Recovery, Reconstruction and Resilience, or COR3, announced the allocation of more than $30.4 million in funds for 71 projects related to the recovery and reconstruction of Puerto Rico due to Hurricane María. These funds were obligated between May 29 and June 4, the federal and […]
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EPA urges preparedness in Puerto Rico as hurricane season begins
June 10, 2020
As the U.S. Environmental Protection Agency continues dedicated efforts to help Puerto Rico and the U.S. Virgin Islands recover from 2017 Hurricanes Irma and María, the new Atlantic hurricane season kicked off on June 1. The EPA is now reminding people, businesses and state and local governments where they can find the best information on […]
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InterAmerican University students, professors making protective face shield frames
June 10, 2020
A group comprising students and professors from the InterAmerican University of Puerto Rico’s School of Engineering in Bayamón is working with a team of doctors and health professionals to manufacture face shield frames, the university announced. The group, called Facing Up Covid-19, provides the equipment to personnel who are working on the front line against […]
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Op-Ed: Investing in startup Puerto Rico
June 10, 2020
I was happy to read about Parallel 18’s latest group of startups and listen to each company pitch during their recent virtual kickoff event. Generation 8 is the accelerator’s first all Puerto Rican cohort and it surfaces as a hopeful sign amidst a sea of small businesses that have shut down due to the COVID-19 […]
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USDA Rural Devt. invests $382M to support homeownership in Puerto Rico
June 10, 2020
The U.S. Department of Agriculture’s Rural Development program has invested nearly $382 million during Fiscal Year 2020 to help 3,382 families in Puerto Rico buy their first home. The announcement comes as the agency celebrates “National Homeownership Month” during June, as established by a presidential order. The money invested locally is broken down into $377.7 […]
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