FEMA, COR3 assign $44M+ to fix road signs, roads, baseball fields, public bldgs
February 27, 2020
The Federal Emergency Management Agency and the Central Office for recovery, Reconstruction and Resilience, or COR3, obligated more than $44 million for recovery efforts related to Hurricane María. Among the nine projects that were obligated are those for the Puerto Rico Department of Transportation and Public Works (DTOP, in Spanish), the University of Puerto Rico […]
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Empresas Massó unveils $30K modular classroom
February 27, 2020
Puerto Rican company 2Go Storage, a division of Empresas Massó, unveiled its modular classroom concept in San Lorenzo, which use customized containers for modular construction. Each customized, fully equipped unit can cost about $30,000, said Gildo Massó-Ortiz, responsible for the 2Go Storage project. He said the cost is about 15% lower than existing alternatives. The […]
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Vimenti by Boys & Girls Clubs of P.R. presents 1st year results
February 27, 2020
A year and a half after starting operations at the Ernesto Ramos Antonini housing project, integrated services project Vimenti by Boys & Girls Clubs of Puerto Rico presented results from its three program areas: educational, social and economic development. In addition, the organization presented challenges and lessons learned in a study financed by the Walton Family Foundation of three main areas: […]
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Coalition of islands bands together to face climate change
February 27, 2020
Island communities from the Pacific to the Caribbean are facing the climate crisis head on and uniting to share practices, resources, and identify ways to strengthen national policies and funding to support their efforts. At the second “Climate Strong Islands Dialogue” taking place in Puerto Rico this week, nonprofits, foundations, universities, and private sector discussed […]
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Op-Ed: How car lease takeover model can help consumers in P.R.
February 27, 2020
The global auto industry has taken a hit in recent years. For example, 2019 was considered to the worst year for the auto industry ever since the global economic recession of 2008. According to a study, there was a 4.4% slump for the industry in 2019, and forecasts for 2020 suggest a 0.3% downturn. However, things […]
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Gov’t issues RFP seeking advisors to P.R. Gaming Commission
February 27, 2020
The Puerto Rico Fiscal Agency and Financial Advisory Authority announced it issued a Request for Proposals seeking a firm that will provide consulting services to the Puerto Rico Gaming Commission. The scope of work of the services to be provided include, primarily, assisting the Commission in the drafting of the regulations governing the operations, and […]
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FEMA, COR3 obligate $14M for 131 recovery projects in P.R.
February 26, 2020
The Federal Emergency Management Agency and the Central Office for Recovery, Reconstruction and Resilience, or COR3, have obligated more than $13.9 million in funds for 131 projects related to the recovery and reconstruction of Puerto Rico, they announced. The latest grants assigned on Feb. 7-20 for permanent projects are: More than $6.6 million for repairs […]
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Evertec announces 8% jump in 4Q19 revenue to $127.2M, up 7% to $487.4M for year
February 26, 2020
Puerto Rican transaction processing firm Evertec announced it a revenue increase of 8% to $127.2 million during the fourth quarter in 2019, and revenue growth of 7% to $487.4 million for the full year ended Dec. 31, 2019. “We’re pleased with our financial results for the year and with the advancement of our key growth […]
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Statistics Institute names Disdier as executive director
February 26, 2020
Six months after opening the process to select an executive director the Puerto Rico Institute of Statistics has appointed Orville M. Disdier as executive director of that entity, promoting him from the interim position he held for more than a year. The announcement was made by Statistics Institute Board Chair Arnaldo Cruz, who said he […]
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Puerto Rico’s new car sales nosedive in Jan. with -18.5% Y-O-Y drop
February 26, 2020
The month of January ended on a negative note for Puerto Rico’s automotive industry, which reported a year-over-year drop in new vehicle sales of -18.5%. The United Automobile Importers Group reported that 6,664 new cars were sold last month, down from the 8,172 sold during January 2019. One of the segments that suffered a significant […]
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Burger King donates $100K to American Red Cross Puerto Rico Chapter
February 26, 2020
Fast-food restaurant chain Burger King donated $100,000 to the American Red Cross Puerto Rico Chapter through its “Together we can Help” campaign to deliver aid to earthquake victims in the southwest region of the island. The donation is the result of the sale of symbolic “blocks” at $1 each that Burger King carried out in […]
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Friends of P.R. commits to develop 1K women, girls in entrepreneurship education
February 26, 2020
Friends of Puerto Rico, a Washington, D.C. based nonprofit, announced its commitment with the Clinton Global Initiative by the Clinton Foundation to invest in the future of 1,000 women and girls in Puerto Rico by expanding their SEEDS program and launching AMIGAS, a new women’s entrepreneurship program. Through the commitment AMIGAS and SEEDS: Entrepreneurship for […]
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Dulcinea sweet shop to open at El Distrito entertainment complex
February 25, 2020
Dulcinea, a concept that combines the sweet temptation for Spanish “churros” and soft-serve ice cream based on the culinary experiences of Samina Karim and Rafy Bernabe, will open April 22, 2020 as part of the El Distrito entertainment complex in Miramar. The concept, which entailed a $350,000 investment, combines the iconic tastes of Spain and […]
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Pinky’s restaurant launches expansion through franchises
February 25, 2020
The iconic Pinky’s restaurant will soon be transformed into a new franchise that will be available both in Puerto Rico and abroad. This as part of an expansion strategy that will join the offers of this concept with those of Acai Express, Héctor Westerband, president of the chain announced. The first step will be the […]
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Op-Ed: Beyond the photo-op, corporate social responsibility done right
February 25, 2020
The effective communication of corporate social responsibility initiatives contributes, not only to enhancing a company’s image and/or the perception of a brand, but also to developing a better relationship with its internal public (employees, suppliers, contractors) and external public (clients, general public). But what happens when that corporate social responsibility is a hollow strategy or […]
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