Triple-S reports $896.4M in 1Q20 operating revenue
May 11, 2020
Insurance provider Triple-S reported $896.4 million in total operating revenues for the first quarter of 2020, a 13.8% increase from the prior year, company CEO Bobby García said. The company recorded adjusted net income of $17.7 million or $0.75 per diluted share, in line with the same quarter last year, he said. “Overall, we’re pleased […]
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P.R. Public Health Trust leads towns on COVID-19 contact tracing
May 11, 2020
Given the urgency of implementing effective contact tracing to counteract COVID-19 on the island, the Puerto Rico Science, Technology and Research Trust and its Puerto Rico Public Health Trust program announced an alliance with several municipalities to create the Municipal Contact Tracing and Assistance System, which will allow identifying areas of contagion and the behavior […]
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Puerto Rico’s new car sales plummet by 96.2% in April
May 11, 2020
The United Automobile Importers Group confirmed that a total of 280 units new cars were sold on the island during the month of April, sharply contrasting the 7,352 vehicles sold during the same month a year ago. That represents a decrease of 96.2% for the month, and a reduction of 43.2% so far in 2020, […]
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Puerto Rico Manufacturers Association launches free contingency guide
May 11, 2020
The Puerto Rico Manufacturers Association has unveiled through its website a template of the Contingency Plan that all employers must prepare to comply with Executive Order OE-2020-028 and with the protocols established for the reopening of their businesses. The free document is a template that allows the company to adjust the information according to its […]
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CC1 Companies launches hand sanitizer, stand line for homes, businesses
May 11, 2020
CC1 Companies, which manufactures, bottles and distributes a variety of beverages, is turning its focus to produce a new line of hand sanitizers as well as a custom stand for the product. CD Hand Sanitizer comes in multiple packages — a three-liter box and a 750ml bottle — and includes a touch-free dispenser that integrates […]
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Las Brisas Property Management adds Paseo Caribe in San Juan to its portfolio
May 8, 2020
Editor’s UPDATE: Las Brisas Property Management is the new manager of Paseo Caribe, which has been sold to a new company called Paseo Caribe Commercial, LLC. Guaynabo-based Las Brisas Property Management quietly closed on the purchase of the mixed-use oceanfront property Paseo Caribe, for an undisclosed amount, from former operator Caribbean Property Group LLC, several […]
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Puerto Rico tourism execs lobby for sector’s gradual reopening
May 8, 2020
A group of Puerto Rico tourism industry representatives issued a statement expressing their interest in a gradual reopening of the sector that generates some 80,000 jobs and generates some $5.5 billion in annual revenue. “As Puerto Rican executives, we recognize the importance of tourism in the island’s economy, and we want to return to work […]
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Luxury retailer Nordstrom closes San Juan store amid COVID-19 crisis
May 8, 2020
A little more than five years after making its debut in Puerto Rico, luxury retailer Nordstrom will close its only store at The Mall of San Juan, as it downsizes in response to the impact the COVID-19 has had on its operation. “Our goal is to best position ourselves to serve customers in each market […]
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FEMA earmarks some $89M to rebuild Puerto Rico hospitals
May 8, 2020
The Federal Emergency Management Agency has obligated nearly $89 million to date to repair and rebuild hospitals and health centers across the island. More than half of the funds are for permanent work for 258 facilities that will benefit the communities and residents they serve, the agency confirmed. The federal investment in the local healthcare […]
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Treasury opens site for Puerto Rico taxpayers to submit banking info
May 8, 2020
The Puerto Rico Treasury Department will open a website at 4 p.m. today so that taxpayers who filed their 2019 returns without their bank account information can submit it to be next in line to receive their $1,200 federal stimulus checks. Treasury Secretary Francisco Parés said only those individuals should access the website today through […]
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Center for Investigative Journalism gets $100K from Facebook Journalism Project
May 8, 2020
The Facebook Journalism Project announced it is awarding $16 million in funds to support the operations of more than 200 news organizations in the United States and its territories. Among those selected is Puerto Rico’s Center for Investigative Journalism (CPI, in Spanish), which will receive a contribution of $100,000 for its coverage related to the […]
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Popular supports efforts to mitigate impact of COVID-19
May 8, 2020
As part of its social commitment to Puerto Rico and in response to the public health emergency caused by COVID-19, Popular recently donated $1 million to entities whose priorities include the acquisition of medical equipment and care of the homeless, as well as support for small and medium-sized companies and scientific research. Similarly, funds have […]
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New Fortress Energy short-listed for PREPA temporary power generation bid
May 7, 2020
Liquified Natural Gas provider New Fortress Energy confirmed it has been put on the short-list of proponents participating in the Puerto Rico Electric Power Authority’s temporary emergency generation RFP (Request for Proposals) released in March. During a call with analysts to discuss its most recent quarterly results, New Fortress CEO Wesley R. Edens confirmed the […]
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Global index gives low marks to access to information in Puerto Rico
May 7, 2020
Puerto Rico has been ranked 87th in a roster of 187 countries included in the Centre for Law and Democracy’s Global Index of the Right to Information, according to a report released by local nonprofit, Transparency Network. The RTI Ratings analyzes the transparency and open data laws, enacted in Puerto Rico last year. It points to […]
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EPA announces $300K Brownfields Grant for Toa Alta
May 7, 2020
The U.S. Environmental Protection Agency announced that the town of Toa Alta was selected to receive $300,000 to assess and clean up contaminated properties under the agency’s Brownfields Program. The Municipality of Toa Alta will use the grant to target the 35-acre former Industrial Zone, including four vacant and hurricane-damaged former industrial sites and a […]
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