Friday, December 3, 2021

Latest News

  • LUMA Scrambles to Deal with Blackouts

    The storm had yet to pass close to Puerto Rico, and Luma Energy, the private company that took control of critical components of the island’s power grid last June through a highly controversial contract, warned about electrical...

    • Posted August 10, 2021
  • Puerto Rico Department of Housing Proposes to Increase Financial Aid

    Puerto Rico Department of Housing Secretary William Rodríguez presented a draft of an Amendment to the Action Plan of the Community Development Block Grant Program (CDBG-DR) that would raise the financial aid ceiling for purchasing homes to...

    • Posted August 9, 2021
  • Puerto Rico Governor Allocates $50 Million for the Creative Economy

    Puerto Rico Governor Pedro R. Pierluisi announced the allocation of $50 million in funds from the federal American Rescue Plan (ARPA) to support cultural institutions and boost the creative economy, or orange economy, as it has been...

    • Posted August 9, 2021
  • Global Market Square

    Jobs Growth of 943,000 Blows projections out of the water surpassing all expectations, Wall Street closes with gains, Global Market Square presented by Birling Capital. The U.S. and European stock markets ended the week mostly higher. The...

    • Posted August 6, 2021
  • Tech Firms Urged to Join Gov’t Register

    SAN JUAN – The Puerto Rico Innovation & Technology Service Office (PRITS) announced Wednesday the issuing of a request for information (RFI) to evaluate entities interested in providing “technological, innovation and communications” to Puerto Rico government agencies. ...

    • Posted August 5, 2021
  • Tentative Labor Deal Reached to Open Key San Juan Pier

    SAN JUAN – The commonwealth government announced recently that a preliminary agreement was reached between stevedore company Luis Ayala Colón Sucrs. Inc. (LAC) and Local 1740 of the International Longshoreman’s Association (ILA) to put an end to...

    • Posted August 5, 2021
  • PRMA Drives Innovation through Convention

    The Puerto Rico Manufacturers Association (PRMA) will hold its annual convention in person and virtually at the convention center in San Juan from August 19 to 21. The event, Transforming Business Models (Resiliency, Innovation & Technology), will...

    • Posted August 5, 2021
  • Investors Go After Opportunity Zone Tax Breaks

    The Puerto Rico Economic Development and Commerce Department (DDEC by its Spanish acronym) has so far received 17 applications from overseas and local entrepreneurs requesting tax incentives for residential and commercial real estate projects involving nearly $600...

    • Posted August 4, 2021
  • New Opportunities and Seed Capital for Technology Entrepreneurs

    Business accelerator Startup.pr is calling on local innovators with technology-based projects to apply to the sixth edition of its Pre-Seeding Program by Sunday, August 8. Innovation and Technology Complex Director Amaury Malavé said that selected participants will...

    • Posted August 4, 2021
  • DIRECTV Arises from Transaction Between AT&T and TPG Capital

    San Juan – DIRECTV announced today, Wednesday, that AT&T and TPG Capital closed their transaction to establish DIRECTV as a separate video company.  Under this new company, DIRECTV owns and operates the former AT&T U.S. and Puerto Rico...

    • Posted August 4, 2021
  • Hospital Association Sends Warning Signal due to Port Strike

    Hospital Association President Jaime Plá Cortés on Tuesday said the strike that began last July 17 in the San Juan ports due to a union labor dispute could eventually interfere with the COVID-19 services patients are receiving...

    • Posted August 3, 2021
  • Puerto Rico Gov’t Opens Entrepreneurship Center

    SAN JUAN — Entrepreneurs can have their questions answered as they receive comprehensive guidance on matters related to incentives and permits, and services provided by the Puerto Rico Economic Development and Commerce Department (DDEC by its Spanish...

    • Posted August 3, 2021
  • Global Market Square

    The U.S. and European stock markets closed the beginning of the trading week with uneven results. In the United States, a lower than expected Manufacturing Purchasing Managers Index (PMI) raised investor concerns over the likelihood of slowing...

    • Posted August 2, 2021
  • Strike Escalates with Disruption of Cargo Service

    The union that paralyzed the transportation of cargo at San Juan ports since July 17 and a company that refuses to agree to one of its demands related to operating a software system that could accelerate the...

    • Posted July 30, 2021