Op-Ed: Change is necessary in life and in business
February 3, 2020
Digitization and automation continue to change the workforce and make traditional roles become, often, redundant. The reality is that change is necessary and if companies do not adapt to it, the competitive advantage they offer to their customers will probably disappear. Over time, we have seen that the most successful and recognized brands by people […]
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Francisco Carvajal Foundation grants $150K to American Red Cross
February 3, 2020
The Puerto Rico Chapter of the American Red Cross received a $150,000 donation from the Francisco Carvajal Foundation to support the organization’s response operation to help families affected by earthquakes in the southwest of the island. “At the Red Cross, we greatly appreciate this donation from the Francisco Carvajal Foundation, which comes at a crucial […]
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Firm to offer free conference to help ‘reactivate’ southern-area businesses
February 3, 2020
Looking to help business owners or companies operating in the Puerto Rico’s southern towns hit by recent earthquakes, public relations firm Upfront Communication will hold the “Reactivate your business in times of crisis” conference on Feb. 20. The talk targets businesses in Ponce, Peñuelas, Yauco, Guánica, Guayanilla, Lajas and Cabo Rojo, whose economic activity has […]
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Gov’t publishes Opportunity Zones regulation for public comment
January 31, 2020
Economic Development and Commerce Secretary Manuel Laboy announced the publication for the review by the general public of the regulation that implements the provisions of sections 6070.54-6070.69 of the Opportunity Zones benefits of the Puerto Rico Incentives Code. The regulation establishes the rules, requirements and criteria that will be used for the request and issuance […]
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Parliament Capital Management opens office in Santurce
January 31, 2020
Parliament Capital Management LLC, an investment management firm based in San Juan with a focus on direct lending and other credit opportunities, recently expanded its local footprint with the opening of its new offices in the Ciudadela complex in Santurce. Since the launch of its investment management practice in 2014, PCM has become a leader […]
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Wells Fargo Foundation, Ford join earthquake relief efforts
January 31, 2020
The Wells Fargo Foundation announced a $100,000 donation to the American Red Cross for ongoing relief efforts across Puerto Rico in the aftermath of a series of earthquakes. The American Red Cross is providing shelter, food, health and mental health services and other urgent basic needs to local communities as they work to recover from […]
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Sports wagering lounge to open in The Outlet Mall 66
January 31, 2020
Sector Sixty6 entertainment center in The Outlet Mall 66 will inaugurate the first modern horse racing betting lounge under the name Lucky Derby, mall officials announced. The off-track betting parlor that also has a bar will open its door the first week of February. “We’re offering a different kind of entertainment option inside Sector Sixty6 […]
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Auto rental co. Enterprise opens location in Bayamón, Guaynabo next
January 31, 2020
Auto rental company Enterprise Rent-A-Car, announced the opening of a new location in Bayamón, with another one in the works for Guaynabo later this year. The new 2,000 square-foot office is part of an aggressive local expansion plan for Enterprise, which has 21 offices throughout the island and employs more than 240 people, executives said. […]
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Low-cost carrier Allegiant Airlines pulling out of P.R. market in May
January 30, 2020
Less than four years after making its local debut with flights between San Juan and Orlando, low-cost carrier Allegiant Airlines will be pulling out of the market, ending service in May, this media outlet confirmed. “Allegiant’s business model is based on providing low-cost, affordable service to leisure travelers when they need it, which means our […]
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OFG Bancorp reports -$2.3M net income loss in 4Q19, $47.7M profit for ’19
January 30, 2020
OFG Bancorp reported results for the fourth quarter and full-year 2019, reflecting the previously announced acquisition of Scotiabank’s Puerto Rico and U.S. Virgin Islands operations. OFG reported a net loss to shareholders of $2.3 million, or ($0.04) per share, which included $21.5 million in acquisition related merger and restructuring charges and $6.6 million in additional […]
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IEFFA pens letter to Vázquez: ‘Explore other options for SJ power plant conversion’
January 30, 2020
The Institute for Energy Economics and Financial Analysis (IEEFA) sent a letter to Gov. Wanda Vázquez, urging her to reconsider plans for converting Units 5 and 6 of the San Juan Power Plant from diesel to liquid natural gas (LNG)-based generation. Signed by IEEFA’s Director of Finance Tom Sanzillo, the letter was accompanied by documents […]
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Gov’t unveils digital access to public information tool
January 30, 2020
The Secretary of the Department of Economic Development and Commerce, Manuel A. Laboy, unveiled the Access to Public Information tool, which complies with the disclosure obligations established in several laws. The digital tool responds to conditions established by the Puerto Rico Incentives Code, the Transparency Law and Expedited Procedure for Access to Public Information and […]
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Startup DataScope offers digital platform to gather data on P.R.’s seismic emergency
January 30, 2020
During the emergency caused by Hurricane María in Puerto Rico in 2017, Chilean startup DataScope offered the municipality of Mayagüez its digital platform that uses cell phones to collect data from the population in need of help. DataScope is now making it available to municipalities affected by the earthquake in southwest Puerto Rico and to […]
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P.R. BloggerCon conference to focus on digital trends
January 30, 2020
Puerto Rico BloggerCon, the annual convention for digital media and influencers slated for Feb. 8, this year will celebrate “HyperSocial,” an educational event for communicators, digital content creators and entrepreneurs about emerging changes in digital platforms. The activity will take place at the Engine-4 Coworking Space in Bayamón. “We call on communications professionals and digital […]
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Popular Inc. reports $671M in ’19 net income; $166M in 4Q19
January 29, 2020
Popular Inc. reported net income of $166.8 million for the quarter ended Dec. 31, 2019, compared to net income of $165.3 million for the quarter ended Sept. 30, 2019. In the report, Banco Popular de Puerto Rico’s parent company, confirmed it generated net income of $671.1 million for the year 2019, compared to net income […]
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