Hecho en Puerto Rico launches mobile app to ease holiday shopping
December 16, 2019
“Hecho en Puerto Rico: La Tienda,” located on the third level of Plaza Las Américas, unveiled its new mobile app, called Tupyx, which will allow users to order, deliver or pick-up their purchases at the store. “This is an example of how technology can attract customers to “Hecho en Puerto Rico: La Tienda,” and at […]
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Puerto Rican brewery Cervecería Zurc launches 1st canned beer
December 16, 2019
Puerto Rican brewery Zurc launched its first canned beer named Sweet Caroline, a German-style brew that considers the taste of local consumers. Juan Carlos Rivera-Cruz opened the Zurc facilities two years ago in Coamo. Initially the production was originally focused on craft beers in draft. “I’m very excited to be able to present our Zurc […]
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Grupo Guayacán awards $200K to new group of entrepreneurs
December 13, 2019
Some 20 entrepreneurs were honored last night during Grupo Guayacán Inc.’s year-end event. The business training organization awarded more than $200,000 in seed capital prizes to foster the development of a group of 17 emerging companies. As part of the awards ceremony held at the Puerto Rico Museum of Art, the winners of the 14th […]
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P.R. Tourism Co. launches holiday campaign to boost hotel stays by $19.8M
December 13, 2019
Under the slogan “The party stays here this Christmas,” the Puerto Rico Tourism Co. launched its new advertising effort that seeks to boost local hotel room reservations during the holiday season. An increase of 9,000 hotel room reservations would represent an additional $19 million in revenue for hotels and another $1.8 million in room tax […]
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Science Trust, UPR Medical Sciences Campus mark ‘Tech Transfer Recognition Week’
December 13, 2019
As part of its mission to position Puerto Rico as an Innovation Hub, the Puerto Rico Science Technology and Research Trust Technology Transfer Office is celebrating — along with the University of Puerto Rico’s Medical Sciences Campus — the “Technology Transfer Recognition Week” to highlight the incredible potential of this tech transfer process as an […]
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The Liberty Foundation awards $422K to 18 nonprofits through 22nd golf tourney
December 13, 2019
The Liberty Foundation closed the 22nd edition of the Liberty Foundation Golf Invitational Tournament awarding $422,000 for 18 nonprofit organizations on the island. The 18 organizations that received donations this year were Boys & Girls Clubs of Puerto Rico, Casa Familiar Virgilio Dávila, Casa de Niños Manuel Fernández Juncos, Centro Espibi, Centros Sor Isolina Ferré, […]
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Op-Ed: Prepare for your retirement
December 12, 2019
If you haven’t thought about your retirement years, now is the time to start. The sooner you start saving for retirement, the more you will achieve because it potentially increases the amount of money you will contribute for a longer time. It is estimated that you will need approximately 70% of your current income to […]
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FirstBank donates commercial office to One Stop career center
December 12, 2019
FirstBank’s Community Reinvestment Unit recently donated a 1,268-square foot commercial office to nonprofit organization One Stop Career Center of Puerto Rico Inc. The space, which consists of a waiting room, a storage area, and five offices, is located in Río Piedras. One Stop Career Center services sensitive populations such as former inmates who are in […]
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P.R. gov’t pursues Japanese investment on the island
December 12, 2019
Department of Economic Development and Commerce Secretary Manuel A. Laboy, traveled to New York this week, where he made a presentation to the Japanese Foreign Trade Organization and met with the Consul General of Japan in New York, Kanji Yamanouchi, looking to attract investment in Puerto Rico. “For two days we had the opportunity to […]
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MCS volunteers doubled their participation in community activities
December 12, 2019
Putting on more than 20,600 hours of volunteer work, MCS employees doubled their participation from last year in community activities that range from educational and recreational to cleaning, painting and decorating, the company said. This year, MCS Contigo employees supported 61 institutions in 60 municipalities. Some of the entities benefited by MCS Contigo’s volunteer work […]
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Claro Puerto Rico notifies FCC of plans to replace copper infrastructure
December 11, 2019
Claro Puerto Rico has filed a certification at the Federal Communications Commission of its plans to retire its copper infrastructure at dozens of locations islandwide, starting in March 2020, this media outlet learned. Claro intends to retire copper distribution and copper loop facilities where it has deployed or plans to deploy fiber-to-the-premise as a replacement, […]
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P.R. gov’t launches defined contribution plan for public employees
December 11, 2019
Puerto Rico government officials announced the start of the first phase of implementation and management of the new defined contribution plan for public employees, including teachers and judiciary system workers. During a roundtable with members of the media, Puerto Rico Fiscal Agency and Financial Advisory Authority (AAFAF, for its initials in Spanish) Executive Director Omar […]
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FEMA, COR3 obligate $59M for recovery work in P.R. in last 2 weeks
December 11, 2019
The Federal Emergency Management Agency and the Central Office for Recovery, Reconstruction and Resilience, or COR3, have obligated nearly $59 million in additional funds for 60 projects related to the recovery and reconstruction of Puerto Rico. These funds were obligated between Nov. 25 and Dec. 5, the agencies confirmed. “FEMA and COR3 continue to work […]
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Shareholder says Popular Inc. is ‘undervalued,’ calls for $1B stock repurchase
December 11, 2019
Raging Capital Management, LLC, a long-term shareholder of Popular Inc. (BPOP) said in a letter delivered to the institution’s board of director that the bank is “significantly undervalued” ad urges adopting a $1 billion stock repurchase plan. In the letter signed by William C. Martin, chairman and chief investment officer of Raging Capital Management, LLC, […]
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USDA assigns $453K to 4 P.R. agri-businesses for renewable energy systems
December 11, 2019
Four businesses in Puerto Rico will receive a combined $452,820 from the U.S. Department of Agriculture’s Rural Energy for America Program to develop renewable energy systems. In total, the USDA will invest $165.4 million to help farmers, ag producers and rural-based businesses lower energy cost. The agency is providing 621 awards to applicants in the […]
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