The Clinton Foundation, through its Clinton Global Initiative Action Network on Post-Disaster Recovery initiative, is pushing forward with its effort to work with government, business, and civil society partners to develop strategies and solutions to address hurricane recovery needs facing the region, while laying the foundation for a more resilient future. President Bill Clinton, founder […]
As part of the “When we support one another, we become more” initiative, six recognized brands in the local market announced an open call for women interested in participating in a training and coaching program to become entrepreneurs and establish their own businesses. Representatives for Special K, Lactovit, Carson Life, Colgate, U by Kotex and […]
Due to the federal government shutdown, the U.S. Small Business Administration has extended the deadline for the 2019 National Small Business Week Awards nominations to no later than 3 p.m. on Feb. 4, 2019. “Since 1963, National Small Business Week has recognized the outstanding achievements of small businesses, and the contributions they make to their […]
Puerto Rico Gov. Ricardo Rosselló submitted legislative measures to reorganize the Department of Transportation and Public Works, which will generate $13 million in the first year and $142 million in five years, according to the Fiscal Plan. The DTOP, as the agency is known for its initials in Spanish, will be the umbrella agency for […]
The Puerto Rico Bankers Association (PRBA) and the Federal Reserve Bank of New York (FRBNY) recognized the creativity and talent of college students who participated in the most recent edition of the “Financial Awareness Video Contest.” For 10 years, said competition has been well known for motivating college students to develop creative audiovisual pieces about […]
Grupo Guayacán Inc. (GGI) announced that it will offer the upcoming eighth cohort of its Customer Discovery Boot Camp, I-Corps Puerto Rico (I-Corps PR), at the Gurabo campus of Ana G. Méndez University (AGMU). This marks the first time that the idea validation program will be offered at this campus, and the second time it’s […]
The Celebrity Summit cruise ship made its first visit to the Port of Ponce, bringing 2,216 passengers and 984 crew to the southern town. Its stop pumped $158,000 to the port, and $438,000 to the island’s overall economy given its use of the San Juan pier as its homeport, Puerto Rico Gov. Ricardo Rosselló said. […]
American Airlines Cargo said 2018 was “an exceptional year” for the company, with the division exceeding multiple all-time records in performance, volume and revenue, finishing the year with more than $1 billion in revenue. “The airline moved record volumes of freight and mail across its system in 2018, with volume for the year ending at […]
The Puerto Rico Department of Housing and affordable housing developer, McCormack Baron Salazar, Inc., announced the closing on the financing and start of construction of a $130 million mixed-income housing in Caguas. Located on vacant land that was previously a public housing site, the new community includes housing options that are affordable to families and […]
Spanish airline Iberia will resume its direct route between San Juan and Madrid on Mar. 31 with three weekly flights between Luis Muñoz Marín International Airport on Wednesdays, Fridays and Sundays during the months of April, May, September and October. Those flights are in addition to the daily flights to be offered — except Monday […]
Editor’s Note: The following is an analysis by Tom Sanzillo ([email protected]), IEEFA’s director of finance and Cathy Kunkel ([email protected]), an IEEFA energy analyst. It is being reprinted as it originally appeared in IEEFA’s website. The government of Puerto Rico is moving forward with plans to convert two units at the San Juan power plant from […]
For decades, government officers and academia have indicated that the problem for doing research in Puerto Rico has been the lack of access to data. Paradoxically, regarding Puerto Rico, today we find ourselves with statistical independence threatened by political forces and with questionable data analysis produced by some organizations. Is inaccurate data analysis common in […]
Popular Inc. closed 2018 with significant year-over-year increases in its net and adjusted income, according to its quarterly earnings report. For the 12-month period ended Dec. 31, 2018, adjusted net income was $487 million, up 76 percent from the prior year’s adjusted net income of $276 million. Net income for 2018 totaled $618.2 million, a […]
By Eliván Martínez Mercado | Center for Investigative Journalism From the inside of a cargo container like the ones used to transport food overseas, the town of Sterling, Massachusetts implements the energy system of the future. The general manager of this power services company, Sean Hamilton, walks with his head protected by a white constructor’s […]
Puerto Rico’s Economic Activity Index showed a 21.5 percent year-over-year growth in November 2018, the government announced. The EAI-PR released by the Puerto Rico Economic Development Bank reached a level of 120.3 in November 2018, showing a decrease of 0.1 percent compared to October 2018. The most recent results mark the third consecutive increase after […]
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