Op-Ed: The magic wand
November 1, 2019
I love the fanciful premise of the iconic film “Dave” in which a president who really is not, and who has no long-term aspirations, decides to adopt revolutionary, yet logical measures that any reasonable president would if they did not have their hands tied weighing on political considerations that help re-election. I recently realized that […]
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Air Canada, WestJet launch seasonal air routes from Canada to San Juan
October 31, 2019
Two of Canada’s main airlines — Air Canada and WestJet — have launched seasonal service between that country and Puerto Rico, this media outlet confirmed. Canada’s largest airline, Air Canada, began seasonal operations to Puerto Rico Sunday, Oct. 27, with two weekly flights (Saturdays/Sundays) from Toronto. Starting Feb. 17, 2019, the carrier will increase the frequency […]
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Evertec reports 6% year-over-year revenue growth $118.8M in 3Q19
October 31, 2019
Evertec Inc. announced results for the third quarter ended Sept. 30, which showed that revenue grew 6% to $118.8 million compared with $112.0 million in the prior year. Revenue increase in the quarter reflected growth across all segments and included benefits from value added solutions, new managed services and other pricing actions. Additionally, increased revenue […]
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EPA grants PathStone Corp. $200K in environmental workforce, job training grants
October 31, 2019
The U.S. Environmental Protection Agency announced the selection of 26 organizations to receive a total of $5.1 million in grants for environmental job training programs across the country. Funded through the agency’s successful Environmental Workforce Development and Job Training Program, these grants help to create a skilled workforce in communities where EPA brownfields assessment and […]
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Open Spaces urges Congress to push for greater transparency from OBoard
October 31, 2019
Nonprofit organization Open Spaces posed to several members of U.S. Congress that if the Financial Oversight and Management Board for Puerto Rico is not eliminated, transparency regulations must be imposed on its executives and its contractors, a firmer code of ethics, and a re-routing of the failed fiscal policies the body has implemented. In a […]
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FirstBank trains 125 business owners in partnership with INprende
October 31, 2019
Looking to strengthening the operations of 125 local small business owners and to help improve Puerto Rico’s financial activity, FirstBank presented for its second year in a row its “1Éxito” (“One Success”) program, in partnership with INprende, through which FirstBank offered free business optimization workshops. The “1Éxito” training program began in 2018 as part of […]
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Claro launches on-the-go ‘TV Everywhere’ service for Claro TV customers
October 31, 2019
Telecommunications company Claro announced the launch of TV Everywhere, for its Claro TV IPTV customers, through which they may access their programming by streaming the channels they are subscribed to via the carrier’s application. Customers may access content through their mobile phone, tablet or computer, wherever they are, 24 hours a day. “With Claro TV […]
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Top Eliminator Dragster opens at The Outlet 66 Mall in Canóvanas
October 31, 2019
Thrill seekers in Puerto Rico have the chance to feel the ultimate in automotive acceleration with the majestic backdrop of El Yunque Rainforest at Top Eliminator Dragster Puerto Rico, located in the back parking lot of The Outlet 66 Mall. Race car enthusiasts visiting The Outlet 66 Mall can get a double shot of high-octane […]
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Taubman ‘actively looking’ for new tenant for former Saks location at The Mall of SJ
October 30, 2019
In the wake of Saks Fifth Avenue’s exit from The Mall of San Juan, the shopping center’s owner, Taubman Centers, is “actively looking” for either one or several tenants to move into the 100,000 square-foot space, executives said during a conference call with analysts. Robert Taubman, CEO of Taubman Centers Inc., said, “It could be […]
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Saks Fifth Avenue officially pulls out of The Mall of San Juan after 2-year litigation
October 30, 2019
More than two years after shutting down, Saks Fifth Avenue has confirmed it will not reopen the only store it had in Puerto Rico at The Mall of San Juan, putting an end to a court battle with mall operator Plaza Internacional Puerto Rico. The litigation began in October 2017, when Plaza International — the […]
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P.R. Treasury reports revenue increases in August, September
October 30, 2019
Preliminary net revenues to Puerto Rico’s General Fund in August and September totaled $773.6 million and $985.5 million, respectively, Treasury Secretary Francisco Parés-Alicea announced. This reflects a year-over-year revenue increase of $103.3 million in August and $152.5 million in September. “The first quarter ended with revenues that totaled $2.8 billion. Compared to the same period […]
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Total Petroleum spending $30M to remodel 200 gas stations in P.R.
October 30, 2019
Total Petroleum Puerto Rico, Corp. is investing more than $30 million to introduce a new canopy construction technique to enhance safety and reduce construction time at some 200 of its gas stations in Puerto Rico. The remodeling program is scheduled to conclude during the first quarter of 2020 and has accumulated more than 100,000 hours […]
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IEEFA urges P.R. Legislature to ‘secure more viable PREPA debt deal’
October 30, 2019
The Institute for Energy Economics and Financial Analysis (IEEFA) sent a letter to Puerto Rico’s Legislative Assembly, urging representatives to reject the proposed Restructuring Support Agreement for the Puerto Rico Electric Power Authority. In the letter, the firm also suggested the pursuit of more affordable, sustainable and transparent options for financing and managing the Commonwealth’s […]
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COFINA launches new investor relations website to promote transparency
October 30, 2019
The Puerto Rico Sales Tax Financing Corporation (known as COFINA for its initials in Spanish) announced it has launched an investor relations website to increase transparency to investors regarding specific bonds. Information about COFINA’s restructured sales tax bonds Series 2019A and Series 2019B issued in connection with the Third Amended Title III Plan of Adjustment of Puerto Rico […]
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San Juan native picked to work on climate action initiative in China
October 30, 2019
Mikol Hoffman, a San Juan native, was recently accepted to participate in the third iteration of UNLEASH – Innovation Lab for the United Nations’ Sustainable Development Goals in Shenzhen, China, from Nov. 5-14. The event is a platform for top talents from all over the world, who are working on solutions to the UNs’ SDGs. Over 8,000 […]
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