The Council of The Boy Scouts of Puerto Rico celebrating its 91st anniversary in Puerto Rico, continuing to focus on the alternate education of developing global character and values through their “Life for Learning” programs. The organization believes values and leadership education are key in the development of children and young people ages 6 to […]
The Federal Communications Commission’s Wireline Competition Bureau established the procedures for its investment of up to $691.2 million over the next 10 years to support the deployment of “advanced, hardened” broadband and voice networks in Puerto Rico and the U.S. Virgin Islands. This investment will help ensure that those living in Puerto Rico and the […]
The Federal Emergency Management Agency recently obligated nearly $14.3 million in federal funds to the Puerto Rico State Historic Preservation Office for permanent work to restore the Cuartel de Ballajá in Old San Juan. The work to be completed includes electrical repairs, removal and replacement of wood windows, stain-glass windows and wood doors, as well […]
The Office of the Commissioner of Financial Institutions (OCIF, in Spanish) released a Circular Letter requiring Puerto Rico’s financial institutions helping customers affected by the recent earthquakes to report on their efforts. In the document, the regulatory body orders mortgage lenders and services specifically to file monthly reports of the steps they are taking to […]
One year after Judge Laura Taylor Swain approved the agreement on the Sales Tax Financing Corp. (COFINA, in Spanish) bonds which, with the consent of a majority of the members of the Puerto Rican legislature, was presented by the executive and the Financial Oversight and Management Board to the bondholders, a study by economist Daniel […]
This week, a federal jury returned a guilty verdict against the former mayor of Gurabo for extorting $125,000 from a government contractor in exchange for paying eight outstanding invoices for services previously rendered. Last week, the Financial Oversight and Management Board for Puerto Rico (FOMB) reminded the government that a recent executive order setting aside […]
Travel accommodations platform Airbnb confirmed that some 100,000 visitors booked through its platforms for stays in Puerto Rico during five weekends in 2019, generating more than $19 million for local hosts. The weekends of April 19, July 5, 19 and 26 and Dec. 27 received the most tourists and bookings in a space offered on […]
Healthcare service provider Medical Card System Inc. has entered into partnerships with food industry and retail providers in Puerto Rico to offer its Classicare members new special supplemental benefits in 2020, the company announced. So far, more than 65,000 MCS Classicare beneficiaries have completed more than 180,000 transactions through partnerships with Amigo, Econo, Ralph’s, Selectos, […]
The Puerto Rico Information Technology Cluster opened the call for the third edition of the Puerto Rico IT Innovation Awards, which recognize the work of individuals and leading companies in the island’s information technology industry. “As a Board, we decided to continue this effort for the third consecutive year, since it has been very positive […]
Following a “trailblazing cohort” where 45% of the teams had female leaders, parallel18 just launched an open call for its Generation 8 edition, the nonprofit announced. The San Juan-based international accelerator program that has worked with more than 160 companies in the last four years is actively looking for innovative startups with a global vision […]
The Financial Oversight and Management Board for Puerto Rico welcomed today a new initiative to reduce the backlog of property deeds and other documents yet to be registered in Puerto Rico. This initiative was launched with the University of Puerto Rico and the Department of Justice. The new program, designed to tackle more than 400,000 […]
The U.S. Chamber of Commerce recently selected Miguel Vargas, executive director of the Puerto Rico Chamber of Commerce, to take part in its Chamber of Commerce ‘Committee of 100.’ He is one of five private-sector leaders recently inducted to advise the U.S. Chamber’s board of directors, enhance lobbying and coalition work, recommend programming, and strengthen […]
Airbnb announced it has extended its Open Homes program activation through Feb. 9 to help people affected by the recent earthquakes in Puerto Rico and relief workers deployed to help. The Open Homes Program connects hosts who are willing and able to provide free housing with people in need of temporary accommodation and disaster relief […]
The Purchasing Managers Index for Puerto Rico’s manufacturing sector decreased to 41.9 in December and remained below the threshold level for the ninth consecutive month, according to the most recent report released by the Puerto Rico Manufacturers Association and the Puerto Rico Institute of Statistics. “A reading below the threshold level suggests a contraction in […]
Puerto Rican businessman and fashion designer Leonardo Cordero-Suria will open his first stateside Leonardo 5th Avenue store in Winter Park, Florida on Feb. 5, he announced. The 49-year-old company known for its male fashions will be located about 10 minutes from downtown Orlando. “Winter Park is a reference in fashion, entertainment and in turn a […]
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