P.R.’s Consumer Price Index remains flat, while value of the dollar drops
June 26, 2019
Puerto Rico’s Consumer Price Index remained virtually flat in May 2019, increasing 0.2% compared to April 2019, according to data released by the Puerto Rico Institute of Statistics. Meanwhile, from May 2018 to May 2019 the General Price Index increased by 0.5%, the data showed. Furthermore, the purchasing power of the consumer dollar dropped to […]
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PRMA recognizes Bayer Crop Science with safety awards
June 26, 2019
The Puerto Rico Manufacturers Association recently recognized Bayer Crop Science for its commitment to and achievement in safety at the Safety and Occupational Health Summit. The PRMA bestowed on Bayer two awards: The Safety Achievement Award and The Safety Best Practice/Continuous Improvement Award. The Safety Achievement Award “is granted to those companies with recordable injury […]
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FEMA opens new consolidated resource center in P.R.
June 25, 2019
The government of Puerto Rico, the Central Office of Recovery, Reconstruction and Resilience, or COR3, and the Federal Emergency Management Agency have established a Consolidated Resource Center on the island to help move recovery forward, the federal agency announced. A Consolidated Resource Center, known as a CRC, was established on June 3 to streamline the […]
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Yogen Früz reopens at the Galería Paseos shopping center
June 25, 2019
Frozen yogurt franchise Yogen Früz has reopened its kiosk at the Galería Paseos shopping center in San Juan, investing some $75,000 in the operation. Since its arrival in 2008, Yogen Früz has stood out for offering a high-quality, tasty product “that’s nutritious and beneficial to health,” executives said in a release. At the new kiosk, […]
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SJ Marriott Resort and Stellaris Casino to invest $80M to renovate 404 rooms
June 24, 2019
The San Juan Marriott Resort and Stellaris Casino has major plans in the pipeline, starting with an $80 million renovation of the 404 rooms in its main tower. Joaquín Cruz, marketing manager of the beachfront property in the Condado sector of San Juan, said the project is set to begin in August and should be […]
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AON highlights value of intangible assets in companies
June 24, 2019
In the current business ecosystem, adopting digital transformation creates new and unforeseen risks for companies. Facing this reality, Aon plc, a company dedicated to professional services in risk management, retirement and health, emphasized the most significant risks that organizations may face at present and the importance of taking the appropriate cyber security measures. “Since 2015, […]
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Op-Ed: The myth of P.R. as mecca of engineering and surveying
June 24, 2019
Without a doubt, you have heard innumerable times that Puerto Rico is “a mecca for engineering and surveying.” We derive a lot of pride from thinking that the best firms in the world “come to Puerto Rico to recruit” engineers and surveyors. Today I want to open our eyes to an undeniable reality that contrasts […]
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SHRM PR, AFC sign collaborative agreement to support nonprofits
June 24, 2019
The Society for Human Resources Management (SHRM-PR) and Community Financial Advisors have signed an agreement to support nonprofit organizations in the area of Human Resources. “In 2015, Community Financial Advisors instituted the University Financial Counseling internship, where accounting students provide services to Puerto Rico’s nonprofits with the support and guidance of a mentor CPA,” said […]
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Nominations open for women execs for ‘Shine Professional Women Awards’
June 24, 2019
Female executives from all sectors and industries are eligible to be nominated for the “Shine Professional Women Awards,” which aim to highlight their work accomplishments and contributions to the community, said Lourdes Burgos, spokeswoman for the organizing committee. Burgos explained that the event is one of the Shine Professional Women’s initiatives, an entity created to […]
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Aurora Angel Network invests in Guilty, a local fashion tech startup
June 21, 2019
The Aurora Angel Network announced it has invested an undisclosed amount in local fashion tech startup Guilty, Puerto Rico’s first subscription-based fashion service. Leveraging the growing sharing economy ecosystem and a proprietary platform, Guilty allows its clients the ability to constantly refresh their wardrobe, pulling from hundreds of items in their own virtual closet for […]
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Vireo Health to open 6 medicinal cannabis clinics in PR, cultivation and processing facility
June 21, 2019
Vireo Health International Inc., a physician-led, science-focused multi-state cannabis company, announced the acquisition of medical cannabis licenses in Puerto Rico. The acquisition is comprised of pre-approvals for licenses to cultivate, process, and sell cannabis products and operate up to six dispensaries. Vireo has leased a 40,000 square-foot former Pfizer facility in the Cruce Dávila Business […]
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Rosselló signs law to establish public policy for ‘sharing economy’
June 21, 2019
Gov. Ricardo Rosselló signed Senate Bill 840, which will establish the public policy for the so-called “sharing economy,” which is defined as the collaborative consumption where consumers rent goods and services among themselves. “This advanced law allows Puerto Rico to have a procedural framework to respond to the local sharing economy quickly, consistently and transparently,” […]
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Op-Ed: SBA MaTCH competition ignites workforce development, problem solving
June 21, 2019
The U.S. Small Business Administration kicked off a new Makerspace Training, Collaboration and Hiring (MaTCH) pilot competition to help employers find workers with the skills they need. As the United States reaches historic levels of job creation due to the pro-growth economic policies set by President Trump and his administration, the American job market has […]
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American Red Cross, Direct Relief join to equip 37 community health centers
June 21, 2019
With the goal of ensuring that Puerto Rico’s community health centers have the medical resources needed to serve patients in times of disaster, the American Red Cross and DirectRelief have joined forces to distribute 96 pharmaceutical refrigerators islandwide. This project is part of the American Red Cross’ long-term recovery program in Puerto Rico and for […]
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Life Wireless enters joint partnership with Claro
June 21, 2019
Life Wireless announced a new joint partnership with telecommunications provider Claro that took effect June 19 and means that Life Wireless will now be operating on the Claro network for new subscribers. Life Wireless is a Lifeline supported wireless service provided by Telrite Holdings Inc. through the federal Lifeline program, created by Congress in 1985 […]
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