Op-Ed: Thoughts on the fist bump…
November 8, 2019
For some time now and for some unknown strange reason, I have noticed that more and more people are using the “fist bump” as a sign of a greeting. This action not only applies for your “run of the mill” buddies, but now for new acquaintances as well. It seems that the trustworthy handshake is […]
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De la Cruz nabs 3 Gold Clio, Silver Effie and a Lion award from Cannes
November 8, 2019
De la Cruz recently prevailed at important international competitions receiving three Gold Clio, a Silver Effie and a Lion from Cannes, which place the agency among the 20 most creative agencies from the Ogilvy network in the world. “Having the honor to get on stage one on one, with the world’s principal agencies such as […]
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Liberty P.R. reports $104.3M in 3Q19 revenue, up 4.7% year-over-year
November 7, 2019
Liberty Puerto Rico reported revenue and subscriber growth for the third quarter and nine-month period ending on Sept. 30, 2019 and announced upcoming plans to launch new services by year’s end. In its report, the company revealed it added 6,300 customers in the third quarter and 33,100 so far this year. This growth was mainly […]
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Call center Commsense marks 5 yrs. in Aguadilla with growth plans
November 7, 2019
Call centers operator Commsense is marking its fifth anniversary on the island with an aggressive job creation plan to continue developing its operations in Aguadilla, Johanna Stien, vice president of operations, confirmed. “We’ve been successful thanks to the quality of the talent that we managed to recruit in the area and to the clients who […]
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Retailers optimistic about upcoming holiday shopping season
November 7, 2019
Although Puerto Rico’s retail sales registered a 14% increase in 2018, it has seen a 4% drop so far this year, which is why the sector emphasized the importance of the government’s decision to pay the Christmas bonus to public employees. Gov. Wanda Vázquez confirmed this week that public employees will receive their stipend, which […]
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3 Sears, 5 Kmart stores closing in Puerto Rico, pushing total to 14
November 6, 2019
TransformCo, parent company of Sears and Kmart announced an additional eight Sears and Kmart stores will be closing in Puerto Rico. The closure, which includes five Kmart and three Sears, responds to part of the restructuring and transformation process through which the store chain has been working for the past year. The stores closing include […]
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Tourism industry showing potential as main player in P.R.’s economy
November 6, 2019
After the gradual recovery it showed after Hurricane María’s destruction to the island in 2017, the tourism industry is already exhibiting its potential to become a main player in Puerto Rico’s economic upturn, a study commissioned by the Puerto Rico Hotel and Tourism Association confirmed. Hotel registrations increased to 1.58 million in August 2019, compared […]
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P.R.’s post-disaster recovery presents an ‘urgent need for housing’
November 6, 2019
The current phase of Puerto Rico’s post-disaster recovery will be defined primarily by the urgent need for housing, a panel of local and international experts convened by the Center for a New Economy to discuss housing policy in post-disaster contexts. Federal funding, such as the Community Development Block Grant-Disaster Recovery (CDBG-DR) funds, will be instrumental […]
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P.R. could quadruple labor productivity, boost GDP to 3.8% through AI adoption
November 6, 2019
Puerto Rico’s economy could “greatly benefit” at the structural level with the opportunities brought by technologies such as the cloud or artificial intelligence, which could boost its GDP to 3.8% in the next decade, according to a study presented by Microsoft Corp. “The impact of AI on the Puerto Rico labor market” is a study […]
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Supermercados Amigo pumps $7.8M to improve shopping experience at its 12 stores
November 6, 2019
Supermercados Amigo announced it invested $7.8 million in the remodeling of its 12 stores islandwide to improve the shopping experience through innovation. As part of the renovation, stores have new paint and signage on the outside and inside, as well as a mini deli area, refrigerators with fresh-cut fruits and a greater variety and quantity […]
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New Denny’s restaurant opens in Guaynabo, Santa Isabel is next
November 6, 2019
Family casual dining restaurant chain Denny’s announced the opening of its 15th location in Puerto Rico, in Guaynabo, and plans to open another establishment in Salinas next year, at a combined investment of $3 million. Marpor Corporation, the local franchisee and operator of Denny’s restaurants in Puerto Rico, said the new restaurant in Guaynabo is […]
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Ferries del Caribe to build new $15M passenger, cargo terminal in SJ
November 5, 2019
Maritime transportation company Ferries del Caribe, which connects Puerto Rico and the Dominican Republic, confirmed its plants to build a new 50,000 square-foot terminal at Pier 15 in San Juan, owned by the Puerto Rico Ports Authority. The two parties signed a development agreement through which Ferries del Caribe will build out the $15 million […]
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PathStone marks 50 years transforming lives; Names P.R. native as CEO
November 5, 2019
Following 50 years of socio-economic contribution in the U.S. mainland and 20 in Puerto Rico, nonprofit PathStone Corp. is celebrating its track record of developing family and individual self-sufficiency by strengthening rural and urban communities. The organization has also appointed Puerto Rican Alex Castro, as CEO of the organization, promoting him from his current position […]
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Vigotsky Bilingual Academy launches Ricoh’s STEAM educational program
November 5, 2019
The Vigostky Bilingual Academy in Barceloneta implemented this semester Ricoh’s STEAM educational program, accessible to all students from kindergarten to eighth grade, school director Eliezer Morales said. Faithful believer that dreaming big is the seed that will pay off in his professional careers, Morales found in Ricoh’s program the tools to sow — and cultivate […]
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Oriental grants $1.5M loan for new multi-use complex
November 4, 2019
As part of its commitment to small- and medium-sized business, Oriental confirmed it has granted a $1.5 million loan Eventiu Corp. for the development of the SportLand Center multipurpose complex. SportLand Center will be the first and only indoor multi-purpose sports complex with air conditioning in Puerto Rico, company officials said. It will feature four […]
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