House Bill 2073 submitted to inject more transparency into prescription drug pricing
April 30, 2019
The Puerto Rico House of Representatives will be reviewing a bill to amend Act 7, known as the Prescription Drugs Pricing Transparency Act, to identify the factors that influence what patients pay for their medication. House Rep. Juan Oscar Morales, chairman of the House Health Commission, said during an interview on the “En Una Hora” […]
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Demand for independent rentals in P.R. back to pre-María levels
April 30, 2019
Lodging demand on the island during the first quarter of 2019 is on par with levels reported during the same quarter in 2017, 14 months post-hurricane Maria, signaling an “unprecedented pace of recovery” for a destination, Destination Marketing Organization Discover Puerto Rico announced. Total demand for independent rentals is up 72% from first quarter 2017 […]
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Treasury reports $1.2B net revenue collections for General Fund in March
April 30, 2019
Net revenues to the General Fund totaled $1.2 billion in March 2019, a “new historic level for a month of March,” Puerto Rico Treasury Secretary Raúl Maldonado said. “This monthly revenue exceeded the Oct. 23, 2018 Certified Fiscal Plan revised projections by $259.1 million. This fiscal year, March has reflected the best performance compared to […]
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Agriculture Dept. recognizes ‘Farmers of the Year’ during ‘Puerto Rican Earth Week’
April 30, 2019
The Agriculture Department recognized the best farmers of the year, one from each of the agency’s eight regions, during a ceremony marking the 60th celebration of “Puerto Rican Earth Week.” “You have been selected to meet the most self-sacrificing job. What you have accomplished has taken you many years. Good and difficult,” Agriculture Secretary Carlos […]
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P.R. Energy Board orders PREPA to freeze new solar energy tax
April 29, 2019
The Puerto Rico Energy Bureau issued ordered the Puerto Rico Electric Power Authority to stop the implementation of a new tax that would generate an additional charge for customers using solar panels on the island, said the Solar Energy Storage Association. The transition charge would have resulted in the majority of customers with solar panels […]
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Puerto Rican duo groomed by Navy Research inspire STEM throughout island
April 29, 2019
The talent of two U.S. Naval Research Laboratory research engineers from Puerto Rico speaks to the promise and potential of a new generation of the science technology, engineering and mathematics (STEM) workforce. As college students, Freddie Santiago and Carlos Font inspired STEM programs in Puerto Rico that still operate today, gaining them an intellectual reputation […]
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Op-Ed: Building P.R.’s solar energy storage workforce
April 29, 2019
In the immediate aftermath of Hurricane María, an estimated 95% of the Caribbean island was without power or cell service, and more than half of the population did not have access to clean drinking water. Three months later, 45% of the population — more than 1.5 million individuals — were still without electrical service and […]
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CBP agent and officer recruitment orientation returns to Plaza Las Americas
April 29, 2019
U.S. Customs and Border Protection is recruiting for the positions of CBP Officer, Border Patrol Agent and Air Interdiction and Maritime Interdiction Agents in select localities throughout the continental United States To answer questions and inquiries, CBP will have an orientation table at Plaza Las Americas, through May 4. The process of applying for employment […]
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Renovated Candelero Beach Resort flies Wyndham flag in Palmas del Mar
April 26, 2019
Wyndham Hotels & Resorts is incorporating the remodeled Candelero Beach Resort hotel in Palmas del Mar in Humacao into its portfolio of properties once again, company officials announced. The all-inclusive property underwent a $3 million renovation following Hurricane María in 2017, reopening as Wyndham Candelero Beach Resort this week. “We’re very proud of this new […]
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‘De Tu Closet a mi Prom’ initiative returns to Verdanza Hotel
April 26, 2019
“De Tu Closet a Mi Prom,” a nonprofit community event aimed at helping public high school senior girls with limited financial means get free donated prom dresses and accessories in exceptional condition, will return to the Verdanza Hotel in Isla Verde next week, hotel officials announced. This year Verdanza Hotel has decided not just to […]
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Op-Ed: Top-notch SBA resource partners help entrepreneurs thrive
April 26, 2019
The U.S. Small Business Administration is focused on elevating America’s 30 million small businesses, the engines of our national and regional economies. Collaboration with our resource partners is essential to our mission of helping them start, grow and expand. The SBA provides access to capital, training and additional resources to help small businesses start and […]
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OCIF launches awareness campaign on the importance of financial training
April 26, 2019
The Office of the Commissioner of Financial Institutions announced the launch of an educational campaign to promote financial education at all levels. The initiative, which has the slogan “Sal a Flote” as its title, emerges as part of the efforts carried out by the agency known as OCIF for its initials in Spanish during “Financial […]
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Rosselló bets on new Incentives Code, innovation to reposition P.R.
April 25, 2019
Gov. Ricardo Rosselló delivered his third State of the Commonwealth address Thursday, vowing to implement a number of measures to reposition Puerto Rico and support its recovery. During his speech at the Puerto Rico Capitol building, Rosselló explained the need of an agenda that looks firmly into the future. “The solution to the problems is […]
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First BanCorp. reports $43M in 1Q19 net income
April 25, 2019
First BanCorp. reported net income of $43.3 million, or $0.20 per diluted share, for the first quarter ended Mar. 31, 2019, compared to $101.1 million, or $0.46 per diluted share, for the fourth quarter of 2018, and $33.1 million, or $0.15 per diluted share, for the first quarter of 2018. The fourth quarter of 2018 […]
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Op-Ed: PREPA bond move — Creditors, politicians, enablers pursue deal but not a solution
April 25, 2019
A “business as usual” bond deal is about to be foisted upon Puerto Rico’s ratepayers and fledgling economy. It will result in a $400 million annual cash draw for at least the next 20 years. Think about wasting money on overpriced oil, political appointees and useless consultants over the last twenty years and then paying for […]
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