Miami-based Cansortium opens 2nd Fluent medical cannabis clinic in P.R.
August 13, 2019
Cansortium Inc., a provider of medical cannabis operating under the Fluent brand, recently opened its second clinic in Puerto Rico, at the San Patricio Town Center in Guaynabo. “The opening of our second Fluent dispensary in Puerto Rico is further evidence that we are executing our growth plan by steadily expanding our dispensary network to […]
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A’GACI announces closing of all stores, including 3 locations in P.R.
August 12, 2019
Some 18 months after filing for Chapter 11 bankruptcy, women’s fashion retailer A’GACI has announced the closing of the remaining 54 stores in its chain, including three in Puerto Rico. Going-out-of-business sales are underway at the stores — including locations in Plaza del Norte, Plaza del Caribe and Plaza Las Américas. However, it remained unclear […]
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Invest P.R. CEO: Investors must be assured things are moving forward
August 12, 2019
The political turmoil Puerto Rico has been experiencing in recent weeks is similar to what has happened in other jurisdictions, and investors must be assured that “things will continue to move forward,” Invest Puerto Rico CEO Rodrick Miller said. In an exclusive interview with News is my Business, Miller said it is very early to […]
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Walmart Puerto Rico chosen to expand Sofía Vergara’s collection
August 12, 2019
Walmart Puerto Rico recently unveiled the clothing collection of entrepreneur and actress Sofía Vergara, which is expanding its reach and distribution. The chain stores in Puerto Rico are the first and only to have the Sofía Jeans collection available for sale in the nation, the retailer said. “We’re proud that Walmart Puerto Rico was chosen […]
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Triple-S reports $30.9M in net income for 2Q19, stays ‘positive’ on P.R.’s economy
August 12, 2019
Triple-S Management Corp. revealed second quarter results showing a year-over-year net income increase to $30.9 million, or $1.35 per diluted share, versus net loss of $38.7 million, or $1.68 per share, in the prior-year period. It also reported adjusted net income of $25.7 million, or $1.12 per diluted share, versus adjusted net loss of $37.3 […]
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Invest P.R. poised to put island on the map
August 12, 2019
In this episode of “Dollars & Sense, a News is my Business podcast” we sat down with Rod Miller, CEO of Invest Puerto Rico, the recently launched independent entity responsible for promoting the island in the international business community. We invite you to listen to and share this interesting episode!
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T-Mobile 2nd annual ‘Changemaker Challenge’ for young visionaries
August 9, 2019
T-Mobile, the T-Mobile Foundation and nonprofit Ashoka kicked off the second-annual T-Mobile Changemaker Challenge, a nationwide contest to mobilize the next generation of youth who are ready to create positive change in their communities. Through Sept. 26, youth teams can enter the challenge by submitting a project that drives social change in one of three […]
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New Fortress Energy, Boys & Girls Club of P.R host back-to-school fair
August 9, 2019
More than 300 children from the Boys & Girls Club in Las Margaritas participated in a back-to-school fair, organized by New Fortress Energy, an energy infrastructure company committed to supporting youth education in science and technology. In addition to providing school supplies and support, the fair featured robotics workshops designed to introduce students to science, […]
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Startup Hub Caribbean by Facebook and parallel18 wraps up its 1st generation
August 9, 2019
The closing event for Startup Hub Caribbean, a program by Facebook and Puerto Rican accelerator parallel18, showcased the growth and impact of 10 startups that are helping improve their communities’ access to high-quality education, jobs, and technology. The Demo Day took place in parallel18’s HQ, in San Juan and was the final phase of a […]
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Op-Ed: SBA initiatives support veterans’ entrepreneurial success
August 9, 2019
Every day, tens of thousands of American troops risk their lives and sacrifice time with their families to protect our national security and keep us safe. Through their strength and commitment, they protect our nation, liberties, freedom and way of life. The Defense Department keeps our military members safe while serving; and once our heroes […]
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PACIV founder becomes 1st Puerto Rican to get Harvard leadership fellowship
August 9, 2019
Jorge L. Rodríguez, CEO and founder of PACIV, a local company and global leader in industrial automation solutions, has been awarded a fellowship at Harvard University’s Advance Leadership Initiative, becoming the first Puerto Rican to receive the opportunity. Harvard University launched the “Advanced Leadership Initiative (ALI) Fellowship” in 2005, to create a new third stage […]
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Liberty Puerto Rico posts $103.8M in 2Q19 revenue
August 8, 2019
Liberty Puerto Rico reported consistent revenue and subscriber growth for the second quarter of the year, according to its financial results report. The company added more than 5,000 customers this quarter, driven by its growth in high speed data subscribers. Liberty’s second quarter 2019 revenue stands at $103.8 million, which represents a 5.3% increase from […]
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Entrepreneurs of innovative company HYP3R join Endeavor’s global network
August 8, 2019
Entrepreneurs Carlos García and Leandro Armas, leaders of HYP3R, were admitted to Endeavor’s global network as part of the new group of Endeavor Entrepreneurs selected this summer in Tokyo, Japan, Erika Medina-Vecchini, Managing Director of Endeavor Puerto Rico announced. The partners at HYP3R, one of the most innovative technology companies in the tourism sector, are […]
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P.R. pursues expansion of hotel development pipeline at Caribbean Hospitality Summit
August 8, 2019
Business leaders and government officials representing Puerto Rico, Dominica and St. Maarten spoke about their respective recovery and resiliency strategies during the Bisnow Caribbean Hospitality and Tourism Summit held Aug. 1, 2019 in Miami. The event sponsored by the Puerto Rico Builders Association drew more than 200 investors, developers, hotel operators and other industry professionals. […]
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P.R.’s economic activity drops 0.7% in June ’19 vs. same month in ’18
August 8, 2019
Puerto Rico’s Economic Activity Index — which measures the performance of key indicators — showed a 0.7% year-over-year drop in June 2019, according to the data released by the Economic Development Bank. This was the first year-over-year decrease after 11 months of consecutive increases, the report showed. According to the document, the annual comparison is […]
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