P.R. hotels develop special packages for tourists
February 7, 2020
To incentivize tourists to visit our island, destination marketing organization Discover Puerto Rico, and the Puerto Rico Hotel & Tourism Association, have been working with hotels around the island to develop special packages. A total of 17 hotels have joined this attractive initiative to encourage travel to the island. The packages feature different offers, some […]
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FEMA includes 9 more P.R. towns as eligible for individual assistance
February 7, 2020
Nine more municipalities that were affected by the earthquakes that began Dec. 28, 2019, in southwest Puerto Rico have been designated as eligible for Federal Emergency Management Agency’s Individual Assistance program. At the request of the government of Puerto Rico, FEMA extended eligibility for Individual Assistance to Arecibo, Ciales, Hormigueros, Juana Díaz, Las Marías, Mayagüez, […]
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Op-Ed: If we’re not sustainable, we’re not viable
February 7, 2020
In Puerto Rico we have a long way to go to become a sustainable island, but the reality of what we are living on a daily basis is urging that we hurry. Sustainability is not a whim. Sustainability is synonymous with equality, and equality always means economic growth. At this point we can all agree […]
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Mayagüez-born Tabacalera Falto mark 25 yrs. as premium cigar label
February 7, 2020
Mayagüez’s cigar company Tabacalera Falto has launched two new cigar blends this year to mark its 25th anniversary as the only label from Puerto Rico to produce artisanal ultra-boutique premium cigars. Luis J. Falto, president of Tabacalera Falto — owner of the La Garita Cigar Co. and Cigarros Falto brands — announced that its new […]
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Boy Scouts of P.R. celebrate 91 yrs. of building values, leadership
February 7, 2020
The Council of The Boy Scouts of Puerto Rico celebrating its 91st anniversary in Puerto Rico, continuing to focus on the alternate education of developing global character and values through their “Life for Learning” programs. The organization believes values and leadership education are key in the development of children and young people ages 6 to […]
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FCC lays down rules to invest $692M in P.R./USVI broadband, voice networks
February 6, 2020
The Federal Communications Commission’s Wireline Competition Bureau established the procedures for its investment of up to $691.2 million over the next 10 years to support the deployment of “advanced, hardened” broadband and voice networks in Puerto Rico and the U.S. Virgin Islands. This investment will help ensure that those living in Puerto Rico and the […]
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FEMA assigns $14.3M to restore Cuartel de Ballajá in San Juan
February 6, 2020
The Federal Emergency Management Agency recently obligated nearly $14.3 million in federal funds to the Puerto Rico State Historic Preservation Office for permanent work to restore the Cuartel de Ballajá in Old San Juan. The work to be completed includes electrical repairs, removal and replacement of wood windows, stain-glass windows and wood doors, as well […]
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OCIF orders P.R. financial institutions to report quake-assistance efforts
February 6, 2020
The Office of the Commissioner of Financial Institutions (OCIF, in Spanish) released a Circular Letter requiring Puerto Rico’s financial institutions helping customers affected by the recent earthquakes to report on their efforts. In the document, the regulatory body orders mortgage lenders and services specifically to file monthly reports of the steps they are taking to […]
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Study confirms P.R. debt restructuring leading to new unsustainable payments
February 6, 2020
One year after Judge Laura Taylor Swain approved the agreement on the Sales Tax Financing Corp. (COFINA, in Spanish) bonds which, with the consent of a majority of the members of the Puerto Rican legislature, was presented by the executive and the Financial Oversight and Management Board to the bondholders, a study by economist Daniel […]
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Op-Ed: Who will fix this?
February 6, 2020
This week, a federal jury returned a guilty verdict against the former mayor of Gurabo for extorting $125,000 from a government contractor in exchange for paying eight outstanding invoices for services previously rendered. Last week, the Financial Oversight and Management Board for Puerto Rico (FOMB) reminded the government that a recent executive order setting aside […]
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Airbnb: 100K bookings in 5 weekends in P.R. generate $19M for hosts
February 6, 2020
Travel accommodations platform Airbnb confirmed that some 100,000 visitors booked through its platforms for stays in Puerto Rico during five weekends in 2019, generating more than $19 million for local hosts. The weekends of April 19, July 5, 19 and 26 and Dec. 27 received the most tourists and bookings in a space offered on […]
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MCS partners with retailers to offer extra benefits to Classicare members
February 6, 2020
Healthcare service provider Medical Card System Inc. has entered into partnerships with food industry and retail providers in Puerto Rico to offer its Classicare members new special supplemental benefits in 2020, the company announced. So far, more than 65,000 MCS Classicare beneficiaries have completed more than 180,000 transactions through partnerships with Amigo, Econo, Ralph’s, Selectos, […]
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Call opens for 3rd edition of P.R. IT Innovation Awards
February 5, 2020
The Puerto Rico Information Technology Cluster opened the call for the third edition of the Puerto Rico IT Innovation Awards, which recognize the work of individuals and leading companies in the island’s information technology industry. “As a Board, we decided to continue this effort for the third consecutive year, since it has been very positive […]
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2 weeks left to apply for parallel18’s 8th cohort
February 5, 2020
Following a “trailblazing cohort” where 45% of the teams had female leaders, parallel18 just launched an open call for its Generation 8 edition, the nonprofit announced. The San Juan-based international accelerator program that has worked with more than 160 companies in the last four years is actively looking for innovative startups with a global vision […]
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UPR, Justice Dept. head initiative to reduce property registry backlog
February 5, 2020
The Financial Oversight and Management Board for Puerto Rico welcomed today a new initiative to reduce the backlog of property deeds and other documents yet to be registered in Puerto Rico. This initiative was launched with the University of Puerto Rico and the Department of Justice. The new program, designed to tackle more than 400,000 […]
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