Solar Power World magazine includes P.R.’s Maximo Solar Industries on ‘best of’ list
August 6, 2019
Industry magazine Solar Power World recently included Puerto Rico’s Maximo Solar Industries among the top 50 residential solar energy companies in the United States market, which exceeds 10,000 such companies. “Within months of our 10th anniversary, which represents 10,000 installations, we celebrate that 1,000 of these have been performed in Florida in less than three […]
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Frontier to launch 3 weekly flights connecting P.R.-Miami on Nov. 14
August 5, 2019
Starting this fall, low-cost carrier Frontier Airlines will launch three weekly flights from Miami International Airport to Luis Muñoz Marín International Airport in Carolina starting Nov. 14, it announced. The new frequencies will begin Nov. 14 and are part of its expanded schedule at Miami International Airport to a total of 28 weekly flights and […]
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Forbes names San Juan Marriott as one of the top 6 resorts in P.R.
August 5, 2019
Forbes Magazine recently named the San Juan Marriott Resort & Stellaris Casino as one of the best resorts in Puerto Rico, along with five other properties. In one of its Summer issues, Forbes highlighted the Marriott’s amenities — including its pool, water slide and mini water falls — after the resort underwent a $20 million […]
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Evertec reports 8% in revenue growth to $122.5M in 2Q19
August 1, 2019
Evertec Inc. announced revenue growth of 8% to $122.5 million for the second quarter ended June 30, 2019. Adjusted earnings per common share was $0.51, an increase of 11%, while Adjusted EBITDA increased 7% to $57.8 million during the quarter. For the six months ended on the same date, Evertec posted 8% revenue growth to […]
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Direct Relief to distribute $8M in cash to 25 P.R.-based healthcare nonprofits
August 1, 2019
Twenty-five Puerto Rican healthcare nonprofits are set to receive a much-needed $8 million cash infusion from Direct Relief, the largest private, nongovernmental provider of health resources to Puerto Rico since Hurricane María. Recipients of the $8 million in grants will be announced Aug. 7, at La Ciudad de la Salud y Bienestar, a Direct Relief-sponsored event […]
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LMM Int’l Airport gets $1.5M U.S. Dept. of Transportation infrastructure grant
August 1, 2019
The Luis Muñoz Marín International Airport in Carolina will receive a $1.5 million grant from the U.S. Department of Transportation to rehabilitate a runway, the federal agency said. The funding will come through the Federal Aviation Administration, which will award a total of $478 million in airport infrastructure grants, the fourth allotment of the total […]
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Rosselló signs legislation to authorize sports, eGames betting
July 30, 2019
Gov. Ricardo Rosselló signed the Puerto Rico Betting Commission Act, which for the first time authorizes betting on sporting events, electronic games and fantasy competitions on the island. This includes online bets that originate in Puerto Rico. “With the signing of this law, we prepare to witness the potential it provides to make Puerto Rico […]
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Economic Development disburses $3.5M from P.R.’s Energy Policy Program
July 29, 2019
The Department of Economic Development and Commerce disbursed $3.5 million to pay bonds and part of the incentives previously granted by the Green Energy Fund under its Public Energy Policy Program. “After several procedures with the Treasury Department, we began the disbursement of some $3,179,200 for incentives and other additional payments, which amount to $328,280 […]
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Treasury meets with Private Sector Coalition to unveil priority projects
July 29, 2019
Puerto Rico Treasury Secretary Francisco Parés recently met with representatives of the Private Sector Coalition to present 10 priority projects and reaffirm his commitment to the agency and with taxpayers. During the meeting, he discussed critical projects, the actions taken since his appointment and Treasury’s strategic plan, which emphasizes the transformation of the organizational culture […]
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Weekend Wheels: RAV4, Lexus UX Sport ’19 elevate comfort and performance
July 29, 2019
Driving a new car is always an exciting experience: the new car smell, the next-generation features and the sleek exterior designs that by and large evolve from year to year. Over the past few weekends, this media outlet has had the opportunity to test drive two vehicles, the Toyota RAV4 and the Lexus UX Sport, […]
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World Central Kitchen welcomes 22 farmers to its ‘Plow to Plate’ program
July 29, 2019
World Central Kitchen (WCK) welcomed 22 projects to its comprehensive support platform to promote sustainable food projects on the island called Plow to Plate, which offers direct financial support and training to small farmers, agribusinesses, community-based projects, and business initiatives in the food sector. The goal is to help these entities revitalize their operations after […]
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AIG joins ‘Jóvenes de Puerto Rico en Riesgo’ to rehab school
July 29, 2019
As part of its commitment to the community, AIG Puerto Rico joined the Jóvenes de Puerto Rico en Riesgo Inc., to rehabilitate several spaces at the José Santos Quiñones Middle School in Canóvanas, where they offer school dropout and delinquency prevention services. As part of the initiative, AIG, now celebrating 100 years as a provider […]
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Kona Grill closes only restaurant in P.R., at The Mall of San Juan
July 26, 2019
Nearly three months after filing for Chapter 11 bankruptcy protection, Kona Grill announced the closing of its only restaurant in Puerto Rico, at The Mall of San Juan. It opened in 2015. The eatery confirmed the decision in a notice sent via email saying “we want to thank all our guests for their past patronage […]
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OFG Bancorp clears 1st hurdle in acquisition of Scotiabank’s USVI operations
July 26, 2019
OFG Bancorp, parent company of Oriental Bank, announced the Virgin Islands Banking Board approved the first regulatory step related to the acquisition of Scotiabank’s U.S. Virgin Island operations. The permit authorizes Oriental to organize a bank in the territory. To assume Scotiabank’s operations and start serving customers in the USVI, Oriental will also need a license and approval from […]
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DMO says ‘decision was needed’ to keep P.R. on path of recovery
July 26, 2019
Discover Puerto Rico, the island’s Destination Marketing Organization, said in a statement that a “decision was needed to maintain tourist, investor, and public confidence in Puerto Rico and for the island to continue its strong path to recovery.” The DMO’s comments were in reference to Gov. Ricardo Rosselló’s resignation following nearly two weeks of widespread […]
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