1st Taco Bell Cantina restaurant opens in Toa Baja
February 12, 2019
Taco Bell Cantina, the chain’s new flagship restaurant, recently opened in Toa Baja, bringing to the island a new urban and modern concept with unique offers in its category, restaurant owners said. “With a local investment of $1 million, Taco Bell Cantina will create 23 direct and indirect jobs, and it is expected to stimulate […]
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U.S. Dept. of Labor recovers $5.6M in back wages for hurricane recovery workers
February 12, 2019
Investigations by the U.S. Department of Labor’s Wage and Hour Division have resulted in the recovery of nearly $5.6 million in back wages and benefits owed to 993 employees of nine subcontractors that provided power generator operation support for hurricane recovery efforts in Puerto Rico, the agency announced. WHD investigators found that the subcontractors violated […]
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Agriculture allocates $256K to promote goat, sheep milk and meat production
February 12, 2019
The Puerto Rico Agriculture Department’s Administration for the Development of Agricultural Enterprises has allocated $256,000 to promote growth and development in the island’s Small Ruminants production industry. Agriculture Secretary Carlos Flores described the move as important for the sector “after the Department succeeded for the first time last year, in organizing the sector with a […]
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P.R.’s changing economic landscape has forced banks to retrench
February 11, 2019
Puerto Rico’s changing economic landscape will prompt banks to keep a tight grip on their activites until risks recede, an analysis by H. Calero Consulting firm concluded. The “retrenching,” as the firm called it, will likely lead banks to remain a “passive sector, one that, in the future, stands to react rather than lead the […]
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Gov’t sends out another $39.4M to employers that retained workers post-hurricanes
February 8, 2019
The government sent out another $39.4 million to 1,294 employers who requested Employee Retention Tax Credit program after the impact of Hurricanes Irma and María last year. Gov. Ricardo Rosselló said the new allocation pushes the total amount paid out to $414.4 million from June 2018 to 16,676 employers who retained 415,921 employees after the […]
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Mastercard opens new offices in P.R., Jamaica; Boosting operations in DomRep
February 8, 2019
As part of its strategic plan to evolve and develop its Caribbean structure, Mastercard announced changes that will strengthen its presence on the islands, including expanding their offices in the Dominican Republic and opening new offices in Puerto Rico and Jamaica. This growth will promote greater agility and efficiency when providing service to clients and […]
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Oracle seeks Puerto Rican students to participate in new internship program
February 8, 2019
Powered by a multidisciplinary group of current Oracle employees who had the opportunity to participate in previous editions of their internship and trainee programs, the software company is looking to recruit new participants, it announced. The internship program, called Generation Oracle, seeks to guide and train a generation of professionals for the future. The registration […]
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FedEx Express opens new ramp at Luis Muñoz Marin International Airport
February 7, 2019
FedEx Express, a subsidiary of transportation company FedEx Corp., officially inaugurated its new state-of-the-art ramp operation located at the Luis Muñoz Marin International Airport in Carolina. The opening of the new facility is part of the company’s plan to increase its operational efficiency and meet its growing customer demands. While the investment was no revealed, […]
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Sacred Heart Univ. launches program to develop creative industries in Santurce
February 7, 2019
Sacred Heart University, through its “Our Neighborhood: Cultural District of Santurce” program, has opened a call for creative companies established in the Santurce area interested in developing their project. The initiative, called the CEPA for its initials in Spanish, seeks to recruit 10 to 12 companies committed to their neighborhood, that need support to give […]
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Rosselló meets with HUD officials for rebuilding efforts status talks
February 7, 2019
Housing and Urban Development Secretary Ben Carson met with Puerto Rico Gov. Ricardo Rosselló at HUD Headquarters in Washington, D.C. on Wednesday to discuss the status of Puerto Rico’s rebuilding efforts following the 2017 hurricanes. During the 30-minute meeting, Carson was joined by Acting Deputy Secretary Brian Montgomery, who oversees the disaster recovery program at […]
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So. Fla. resident convicted of $100M fraud scheme that toppled Westernbank
February 6, 2019
A Key Biscayne, Florida resident was found guilty by a federal jury 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 and ultimate collapse in 2010. Jack Kachkar, 55, was convicted of eight counts of wire fraud affecting a […]
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Marriott Int’l, Avendra, Walmart work with Clinton Foundation to back P.R. farmers
February 6, 2019
At a meeting of the Clinton Global Initiative Action Network on Post-Disaster Recovery held in Puerto Rico last week, the Clinton Giustra Enterprise Partnership (CGEP) announced a commitment to launch an assessment in Puerto Rico that would evaluate feasibility to increase sourcing from local farmers, connecting new customers and improving incomes for farmers in the […]
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Buena Vibra Group, Capital DBG collaborate on initiatives in P.R./DR
February 6, 2019
Creative companies Buena Vibra Group and Capital DBG announced the signing of a collaboration agreement that seeks to expand the resources and tools that each agency has for strengthen the conversation between Puerto Rico and the Dominican Republic. Both agencies, denominated as non-traditional, have an innovation focus that is based on cultural and social entrepreneurship. […]
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Truenorth Corp., TimeXtender partner to offer Discovery Hub service in Caribbean
February 6, 2019
Truenorth Corporation, a full-service business and technology solutions provider, has announced a new partnership with TimeXtender, a recognized global software company that enables instant access to any type of data in the organization to support advanced analytics and artificial intelligence. This agreement allows Truenorth Corporation to offer Discovery Hub by TimeXtender to its existing and […]
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P.R. Telecom Bureau announces new electronic filing procedure
February 6, 2019
Looking to standardize procedures and seek greater efficiency, Puerto Rico Telecommunications Bureau President Sandra Torres announced the availability of electronic document filing for ongoing proceedings at the agency. As established in Resolution No. 2019-OA-0001, as of Mar. 1, 2019, the new filing system will be required for all telecommunications, cable television and satellite companies, as […]
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