Op-Ed: Federal government fails Puerto Rico — again!
August 8, 2019
2017 was a terrible year. Some of the largest hurricanes in U.S. history, along with devastating wildfires in California and elsewhere, provided a clear indicator of the ravages we can expect from the climate crisis. Thousands of Americans lost their homes, their belongings, their livelihoods, even their lives. In response, Congress appropriated $587 million to […]
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REAL CHANGE?
August 8, 2019
Did I miss something? Did we not just experience a “revolution” to throw out the governing elite? Didn’t the citizens of Puerto Rico rise up to demand better leaders? Didn’t we say we wanted more transparency? Didn’t we stipulate we must have real accountability? Didn’t we refuse to accept corruption? Apparently not, since we seem […]
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United Retailers Association launches ‘CUD Start Your Business’ program
August 8, 2019
Several years after considering the idea, the United Retailers Association officially launched its business school program, which is complemented by the CUD Start Your Business initiative. The trade group known as the CUD for its initials in Spanish confirmed 70 new entrepreneurs will be able to enter the competition for free due to a partnership […]
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Ex-Gov. Rosselló signed laws limiting constitutional right of access to information
August 7, 2019
On the eve of becoming Puerto Rico’s first governor to resign from his post, Ricardo Rosselló signed a pair of laws whose net effect is to hinder access to public information and limit free expression, nonprofit group Open Spaces denounced. Cecille Blondet, executive director of Open Spaces said Rosselló stamped his signature on Acts 122 […]
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Treasury reports ‘record’ revenues of $11.3B for FY2019
August 7, 2019
Preliminary net revenues to the General Fund for the recently ended FY2019 totaled $11.3 billion, Puerto Rico Treasury Secretary Francisco Parés-Alicea announced, adding the figure is a “new record number for revenue collections.” On a year-over-year comparison, revenues were up by $2.06 billion, or 22%. In addition, revenues exceeded three projections prepared by the Financial […]
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Columbia Care to enter P.R. medicinal cannabis market
August 7, 2019
Columbia Care Inc. has received approval from the Puerto Rico Department of Health to open for business, with a medicinal cannabis dispensary in San Juan and 25,000 square-foot cultivation and manufacturing operation in Cidra. The 2,800 square-foot San Juan clinic and its Cidra facility are scheduled to open this month, with two additional dispensaries expected […]
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Op-Ed: P.R. crisis — Oversight Board failed to do its job
August 7, 2019
The Puerto Rico Financial Oversight and Management Board has remained fairly quiet during the last several weeks of turmoil and massive demonstrations that have rocked Puerto Rico in protest over the corruption of the [Ricardo] Rosselló administration. On July 23rd, the Board issued a press release stating that, “The people of Puerto Rico deserve a […]
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FirstBank debuts Digital Banking platform with Mobile Express Deposit
August 7, 2019
FirstBank is launching its new digital and mobile banking platform called “Digital Banking,” which offers customers more features and increased security to manage their banking. To access, customers must log in via [email protected]. Some of the benefits of Digital Banking are: greater levels of security, with a superior authentication process for keeping personal information safe; […]
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Evertec partners with Citi for regional expansion of collection platform
August 7, 2019
Evertec Inc. announced it has expanded its regional collection and payment platform with Citi to include Mexico through Citibanamex. This platform, which serves Citi’s corporate treasury clients, is already live in Colombia and in Guatemala, it announced. “We’re pleased to be Citi’s partner with this solution to simplify the collection process for regional corporations and […]
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P.R.’s bankruptcy cases drop 8.2% in July vs. same month in ’18
August 6, 2019
Puerto Rico’s bankruptcy levels showed an 8.26% year-over-year drop last month, when the total number of companies and individuals who turned to the U.S. Bankruptcy Court for help totaled 589 cases, according to data released by research firm Boletín de Puerto Rico. The current number compares to the 642 petitions filed at the local court […]
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Chemesis Int’l Inc. to pick up P.R.’s largest medicinal cannabis dispensary network
August 6, 2019
Chemesis International Inc. has entered into an agreement to buy a majority of the shares of GSRX, which has five medicinal cannabis dispensaries in Puerto Rico, the companies announced. The transaction calls for Chemesis to acquire more than 42.6 million common shares and 1,000 preferred shares of GSRX, in exchange for an some 18.9 million […]
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Nearly 200 students participate in 3rd edition of Virtual Reality Summer Bootcamp
August 6, 2019
The 2019 Virtual Reality Summer Summer Camp, hosted by the Puerto Rico Science, Technology and Research Trust, ended successfully on Aug. 2, benefitting some 200 students from public and private schools. Middle and high-school students, including home-schooled kids, took part in the program split between 39% females and 61% males in the Ponce and San […]
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Op-Ed: Population of Puerto Rico [Handle with care]
August 6, 2019
“I saw the future …. It’s wooooooonderful..there are no [Puerto Ricans]” this is a direct quote found in the leaked chats (#RickyLeaks) between the person who served as governor of Puerto Rico and his closest collaborators. This improper comment caught my attention due to the demography that underlies what this person claimed to have seen. […]
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Fusionworks becomes Oracle NetSuite partner for the U.S. market
August 6, 2019
Local technology solutions consulting firm, Fusionworks announced its integration into the Oracle NetSuite Partner Alliance program, which makes it a strategic partner of NetSuite in the United States and speeds its diversification plans to new stateside markets. Fusionworks also announced that it recently received the “Best Oracle Applications” award at the Oracle FY20 Partner Summit […]
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Oriental awards $55K in college scholarships
August 6, 2019
Oriental recently granted $55,000 to university students as part of its internal scholarship program for employees’ children. The scholarships aim to benefit students in the areas of Science, Technology, Engineering, Mathematics and Business Administration. “In Oriental we support our employees in their most important investment, and we bet on youth investing in their educational development,” […]
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