Telecommunications service provider Claro, in conjunction with the Autonomous Municipality of Guaynabo, announced the availability of Claro’s new fiber optic network, which offers speeds of up to 1,000 megas of bandwidth. In this first stage, the cutting-edge network will benefit some 1,301 families in Guaynabo that will have access to “a stable and superior connection […]
The Somos Solar Foundation was selected as a worldwide finalist of the Microgrid Greater Good Awards for its project to convert Toro Negro into the island’s first solar community, the nonprofit announced. The awards are granted bypublication Microgrid Knowledge to solar energy microgrid projects that can be replicated, that offer a benefit to society and […]
High-ranking executives have been appointed recently to positions at Birling Capital, Uber and Cemex, responsible for the Puerto Rico market. Birling Capital appoints CPA Teresita Fuentes as vice chair Francisco Rodríguez-Castro, president of Birling Capital announced the appointment of CPA Teresita Fuentes as vice chair of Birling Capital, member of the executive committee and director […]
Lexus announced its 10 millionth vehicle sold, a milestone that came shortly after a strong 2018 year-end sales performance, with Lexus achieving “multiple best-ever sales goals around the globe,” company officials said. In addition, the brand that pioneered the world’s first luxury hybrid-electric vehicle in 2005, and offers 11 electrified models globally, surpassed the 1.45 […]
National off-price retailer Burlington Stores is marking its10th anniversary on the in Puerto Rico as the reopening of all of its 11 stores on the island in the aftermath of Hurricane María. The Humacao store, which has been closed, will be back in business Mar. 15. “As Puerto Rico continues to rebuild and recover, the […]
The reason for the positive outlook is that Moody’s believes federal estimates of the island’s Gross Domestic Product “will bolster reforms by the island that should encourage unbanked residents to participate in the banking system, thereby spurring loan growth and increasing operating margins.” In its report, Moody’s predicted that the banks that will benefit are […]
The San Juan Mercantile Exchange Inc. (SJMX) and the San Juan Mercantile Bank & Trust International Corp. (SJMBT) today announced that SJMBT has received its license to operate from the Puerto Rico Office of the Commission of Financial Institutions. The license authorizes SJMBT to operate as an International Financial Entity (IFE) under OCIF’s banking regulations, […]
Technology and information company Claro recently announced it is offering a $10,000 reward to people who provide information leading to the arrest and conviction of those responsible for the theft of the company’s copper cables. “Telecommunications are the backbone of the island’s economy and the recurrence of these acts of sabotage places essential services in […]
The presence of casual dining restaurant IHOP is set to expand exponentially in Puerto Rico with the opening of at least 15 locations in the next five years, at an investment of some $22.5 million, franchise executives said. The chain already has five restaurants in Puerto Rico, with a sixth location slated to open by […]
In a two-to-one divided opinion, a three-judge panel of the Puerto Rico Court of Appeals ruled to keep information on tax abatements confidential and inaccessible to the public, in a case filed by nonprofit Espacios Abiertos. In doing so,the panel reversed a San Juan Superior Court decision compelling the Puerto Rico Treasury Department to publicly […]
Western Union, a provider of cross-border, cross-currency money movement, announced an alliance between Western Union Business Solutions and TuChequera.com that will allow entrepreneurs in Puerto Rico to conduct business in more than 130 currencies and send online business payments through a platform available 24/7. “Puerto Rico is the first region in Latin America and The […]
Puerto Rico’s Resident Commissioner in Washington, Jenniffer González, announced the approval of $6.2 million in federal funds allocated by the U.S. Environmental Protection Agency and the Department of Health and Human Services for child care, health services and Centers for Disease Control and Prevention. The EPA approved $105,600 for the Environmental Quality Board to help […]
Puerto Rico Legal Aid announced the launch of two new support tools that will allow people to get fast, free and accessible information to prevent the loss of their homes through foreclosure. Every Monday the team comprising the derechoatucasa.org program will be answering questions from people about loss mitigation, mediation and foreclosures through 787-957-3106 and […]
Puerto Rico’s first-ever Destination Marketing Organization, Discover Puerto Rico, is being recognized as a finalist in the 2019 Ad Age A-List and Creativity Awards “Start-Up of the Year” category for “making a strong impact since its inception July 2018.” This recognition is one of many notable accolades already earned by the organization in just eight […]
Abarca has extended until Mar. 14 the deadline to apply for the “Better Care Community Program,” a philanthropic initiative that aims to support nonprofit, health-related organizations that work to improve the quality of life of their communities on the island. Through the “Better Care Community Program,” designed and managed entirely by Abarca employees, three nonprofits […]
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