Study shows ’17 was second-costliest year for insured, uninsured losses
July 10, 2019
A recent study on catastrophes published by Aon revealed that 2017 was the second costliest year on record for insured and uninsured losses, and will most likely become the record year for insured losses with further loss development from Hurricanes Harvey, Irma and María. In terms of economic losses due to weather-related disasters alone, 2017 […]
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P.R. Aqueduct and Sewer Authority opens bids for new $21.4M central lab
July 9, 2019
The Puerto Rico Aqueduct and Sewer Authority has launched a bidding process to find a private company to design and build its new central laboratory building, which has an estimated cost of $21.4 million. In the announcement, PRASA also said the project includes performing improvements to the site and existing utilities infrastructure. The project must […]
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P.R. Vector Control Unit, CienciaPR partner to empower through science education
July 9, 2019
Ciencia Puerto Rico and the Puerto Rico Vector Control Unit (PRVCU) have teamed up to train scientists and teachers in the design of project-based learning lessons, the nonprofits announced. The collaboration is part of the second year of the “Ciencia al Servicio” program, CienciaPR’s flagship education project. “Ciencia al Servicio” brings together teachers and science, […]
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SBA opens funding call for nonprofits training service-disabled veteran entrepreneurs
July 9, 2019
The U.S. Small Business Administration announced that nonprofit organizations, state and local agencies, and institutions of higher learning are eligible to compete for funding of up to $150,000 to deliver entrepreneurship training to service-disabled veterans. Up to six awardees will use the $300,000 in total funding to participate in the Service-Disabled Veteran Entrepreneurship Training Program […]
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U.S.-China trade war means ‘shift’ for Puerto Rico, economic firm says
July 5, 2019
The trade war between the U.S. and China will mean a shift in the structure and dynamics of prices, including costlier construction costs, and increased risks of a delayed economic recovery, according to an analysis published by the H. Calero Consulting firm. In the latest edition of its “Pulse” publication, the firm says the spat […]
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Agriculture announces opening of applications for hemp pilot projects licenses
July 5, 2019
Puerto Rico Agriculture Secretary Carlos Flores announced the availability of applications to obtain licenses for hemp research pilot projects through its website. “We’re in the execution and compliance period for several initiatives that have been routed from the start of the administration,” Flores said. “That said, we’re starting the process of research in science and […]
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Ana G. Méndez University’s Carolina campus offers new Master’s in Global Business
July 5, 2019
The Ana G. Méndez University in Carolina will launch a Global Business Master’s degree program in August to fill the need from companies to recruit staff able to understand the external factors that occur in different industries. Global businesses require a human resource capable of understanding the management of foreign investment and market structure that […]
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Former exec who brought down Westernbank sentenced to 30 years in prison
July 4, 2019
A Key Biscayne, Florida, resident and the former CEO of a now-bankrupt multinational pharmaceutical company was sentenced to 30 years in prison followed by five years of supervised release yesterday for his role in a $100 million scheme to defraud Westernbank of Puerto Rico. The losses triggered a series of events leading to Westernbank’s insolvency […]
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Oversight Board sues Rosselló administration over Law 29
July 4, 2019
The Financial Oversight and Management Board for Puerto Rico has filed a lawsuit against the Gov. Ricardo Rosselló, and the Puerto Rico Fiscal Agency and Financial Advisory Authority in the U.S. District Court for Puerto Rico to prevent the government from enforcing Law 29 and to compel it to comply with the Puerto Rico Oversight, […]
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United Retailers Association announces annual convention July 19-21
July 4, 2019
With the commitment to inject agility to, and become a meeting point for businesses, the United Retailers Association announced its annual convention to be held July 19-21 at the Wyndham Grand Rio Mar hotel. The CUD, as the trade group is known for its initials in Spanish, will take the opportunity to reveal the results […]
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Engineers and Surveyors, InterAmerican University join to promote successful revalidation
July 4, 2019
The College of Engineers and Surveyors of Puerto Rico (CIAPR, for its initials in Spanish) and the InterAmerican University of Puerto Rico have reached a collaboration agreement to reinforce the professional skills of engineering program graduates and promote revalidation exams. “During our presidency we have focused on promoting the importance of the revalidation of engineering […]
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FEMA approves $12M+ in additional federal grants to P.R.
July 3, 2019
The Federal Emergency Management Agency announced it has awarded approximately $12.6 million in additional funds to Puerto Rico to cover costs related to Hurricane María. These awards bring the amount of funds obligated under FEMA’s Public Assistance program to $5.8 billion and $28.2 million under the agency’s Hazard Mitigation Grant Program, the agency said. The […]
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Rosselló signs executive order to create lobbyist registry
July 3, 2019
Gov. Ricardo Rosselló has signed Executive Order 2019-031 to create a Lobbyist Registry in which participants must register and disclose any lobbying efforts at a Puerto Rico government agency. Likewise, the executive order also establishes the creation of a so-called Transparency Code for all executive branch cabinet members. “In the past, the practice by some […]
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FirstMortgage announces availability of ‘Homebuyer Dream Program’
July 3, 2019
Buying a home is the goal of many Puerto Rican families who, in some cases, do not have the financial resources to do so. To make it possible for more families to buy their first primary residence, FirstMortgage announces that, starting this month and until the funds run out, individuals will be able to apply […]
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MCS Foundation makes $50K donation to benefit P.R.’s elderly
July 3, 2019
MCS Foundation announced its first donation under its initiative to improve the quality of life of the elderly in Puerto Rico with a $50,000 donation to the Sociedad de Educación y Rehabilitación (SER) de Puerto Rico during its recent telethon. The donation will make possible the launching of the entity’s aquatic therapies program, created to […]
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