First BanCorp. reports $167.4M in net income for ’19
January 29, 2020
First BanCorp., the bank holding company for FirstBank Puerto Rico, reported net income of $167.4 million, or $0.76 per diluted share for the year ended Dec. 31, 2019, vs $201.6 million, or $0.92 per diluted share for the year ended Dec. 31, 2018. The drop was attributed a one-time $63 million benefit last year, which […]
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P.R. loses major tourism conference due to earthquakes
January 29, 2020
The World Travel & Tourism Council (WTTC) announced its decision to move its WTTC Global Summit, slated to take place April 21-23, from San Juan to Cancún, Mexico. The local government, headed by the Destination Marketing Organization, Discover Puerto Rico, had reportedly set aside some $6 million to host the event, which will be reallocated […]
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FEMA, COR3 assign $50.5M for 63 recovery projects in P.R.
January 29, 2020
The Federal Emergency Management Agency and the Central Office for Recovery, Reconstruction and Resilience, or COR3, have obligated more than $50.5 million in additional funds for 63 projects related to the recovery and reconstruction of Puerto Rico. These funds were obligated between Jan. 17-23. “FEMA and COR3 continue to work together to develop strategies that […]
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Op-Ed: Why VoIP can give P.R.’s businesses a competitive advantage
January 29, 2020
By Julia A. FernándezSpecial to News is my Business Businesses had little interest in adopting Voice over Internet Protocol (VoIP) when it was introduced in the mid-1990s. This is because mobile phones were entering the market, while the internet which enabled VoIP was slow and unreliable. However, the technology improved significantly over the years and […]
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AAFAF launches summer internship for college students
January 29, 2020
Undergraduate college students in law, finance, economy, accounting and other related disciplines may take part in the summer internship of the Fiscal Agency and Financial Advisory Authority (AAFAF, in Spanish). The program, named José M. Berrocal Summer Internship, will take place during the months of June and July 2020. The AAFAF Summer Internship promotes […]
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Tropizen operating normally despite P.R. earthquakes
January 29, 2020
Puerto Rico-based medical cannabis products manufacturer and licensed cultivator, Tropizen, announced that it is fully operational, and its facilities remain unaffected after the earthquakes that have occurred in the southwestern region of the island. “Our manufacturing and cultivation facilities are operating normally, and our buildings are free from structural damage following the earthquakes. In addition, […]
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Youth entrepreneurship event, Lemonade Day, taking place Feb. 1
January 29, 2020
Lemonade Day Puerto Rico will take place Feb. 1 at the Mayagüez Mall to register students, mentors, parents and teachers interested in participating in the second edition of the free youth entrepreneurship program. Registration will run from 10 a.m. to 6 p.m. “We thank the Mayagüez Mall for becoming our platform in the western region […]
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Bravo Family Foundation announces 10 co’s picked for Rising Entrepreneurs Program
January 28, 2020
Bravo Family Foundation — a philanthropic entity founded by Puerto Rican businessman Orlando Bravo – announced the 10 innovative companies that moved on to the next phase of the Rising Entrepreneurs Program. BookSloth, CINCO Engineering, FiberWolf LLC, Insu Health Design Inc, Local Guest LLC, Pratian LLC, Raincoat, Skootel, Synchrolog, and Momentum Creative Lab were selected, […]
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1st BurgerFi restaurant in P.R. to open in Guaynabo
January 28, 2020
Florida-based gourmet burger chain BurgerFi is looking for employees for the first of six restaurants planned for the Puerto Rico market, which will open in Guaynabo, this media outlet learned. The company is looking to hire cooks, dishwashers, bartenders and team members for the local fast-casual restaurant chain to be owned and operated by franchisee […]
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‘Caguas Compite’ free business training program accepting applicants
January 28, 2020
The “Caguas Compite 2020” is accepting applications from participants looking to learn how to establish a business and succeed in entrepreneurial projects. Caguas Mayor William Miranda-Torres said enrollment is now open for the session that begins Feb. 20. This project, led by the Caguas Department of Economic Development, consists of 20 free business training workshops […]
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Sports streaming platform Fanatiz now available in P.R.
January 28, 2020
The Fanatiz sports streaming platform, announced its availability in Puerto Rico, “bringing popular soccer leagues closer to its fans.” The announcement means that soccer fans throughout the island can now have an economical option to access to soccer league matches from South America and Europe, the company said. “The sport of soccer and its popularity […]
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Víctor Parés Montessori School outfitted with renewable energy system
January 28, 2020
The Víctor Parés Montessori School in San Juan received a $183,000 solar panel and battery system this year that will allow it to resume classes promptly and be more resilient following a major climate event like Hurricane María, which kept the campus without electricity for months, and recent earthquakes in Puerto Rico. This is possible […]
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InterContinental San Juan reopens after $80M resort transformation
January 27, 2020
Seven months after shutting down for a top-to-bottom renovation, the InterContinental San Juan reopened for business today, owners IHG announced. The iconic beachfront property in Isla Verde began its transformation in June 2019, as this media outlet reported. At the time, the estimated investment was $80 million. “Outfitted with the latest in design, technology and […]
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FDIC offers guidance to P.R. banks to ease earthquake recovery efforts
January 27, 2020
The FDIC announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Puerto Rico affected by earthquakes. In a release, the regulatory body stated the measures would apply to all FDIC-supervised financial institutions with total assets under $1 billion. The FDIC is encouraging banks to “work […]
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Use of digital food delivery platforms on the rise in P.R.
January 27, 2020
When ordering food delivery services, Puerto Ricans are showing a preference for the convenience and flexibility offered by mobile digital platforms, Uber officials said. Anchored in state-of-the-art technology that is easy to use, these platforms have transformed the prepared food industry, helping to develop the business ecosystem and empowering consumers with more options to match […]
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