Inflation Heading Down, What Happens Now?
Caribbean Business
by Birling Capital LLC
1y ago
The Four Benchmarks to review that confirm inflation may be trending down As the Consumer Price Index fell more than anticipated to 7.75%, the markets reacted with intense gusto recording the best gains in two years. However, while we welcome the news, we must comment that one monthly decrease does not constitute a trend; we ..read more
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Jones Act Waivers During Emergencies
Caribbean Business
by Caribbean Business
1y ago
For years, the Food Marketing, Industry and Distribution Chamber (Spanish acronym MIDA) has joined other private sector organizations raising awareness of the impact the cabotage laws have on our economy and in our emergency preparedness. The Merchant Marine Act of 1920, also known as the Jones Act, requires that all goods transported between U.S. ports ..read more
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Puerto Rico Food Industry Helps Communities in Aftermath of Hurricane Fiona
Caribbean Business
by Vivian Maldonado
1y ago
Over three-quarters of a million dollars in aid to communities affected by Hurricane Fiona has been allocated by a variety of Puerto Rico food industry companies. According to Manuel Reyes Alfonso, the executive director of the Marketing, Industry and Food Distribution Chamber (Spanish acronym MIDA), the assistance provided to the different communities on the island ..read more
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Is Economic Growth Possible in a Democracy?
Caribbean Business
by A. W. Maldonado
1y ago
What has happened to Liz Truss, the new prime minister of the United Kingdom, poses a question that is crucial to us in Puerto Rico, and throughout the world – whether democracy, after all, is the best system of government. Is economic growth possible in a democracy? Two weeks after becoming the new PM on ..read more
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An Inconvenient Truth Regarding Puerto Rico
Caribbean Business
by Heidie Calero
1y ago
For 12 hours on September 20, 2017, Hurricane Maria struck Puerto Rico and paralyzed its economy. For months, the island was submerged in darkness, without electricity, water, and in silence without communications. H. Calero Consulting Group, Inc. estimated $138 billion in damages. On September 18, 2022, Puerto Rico again went dark and without water as ..read more
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Time to Turn the Page
Caribbean Business
by Miguel A. Ferrer
1y ago
After surviving a tumultuous five-year period that has included the effects of fiscal restructuring, Hurricane María, seismic Lactivity and Hurricane Fiona, it is time to turn the page for Puerto Rico. I have argued recently that we urgently need to speed up the rebuilding of our infrastructure. Now, with so many eyes on Puerto Rico ..read more
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Walgreens to Donate $1 Million to Aid Communities Impacted by Hurricanes Ian and Fiona
Caribbean Business
by Caribbean Business
1y ago
Walgreens giving $500,000 each to Florida Disaster Fund and American Red Cross Hurricane Fund to support relief efforts; Company also making product donations to assist communities in need Press Release Walgreens is supporting storm relief efforts in communities across Florida, Puerto Rico and other areas impacted by Hurricanes Ian and Fiona, with $1 million in ..read more
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Fairmont El San Juan Hotel Recognized With Condé Nast Traveler’s 2022 Readers’Choice Award as #1 Hotel in the Caribbean and Central America
Caribbean Business
by Caribbean Business
1y ago
The RCA’s celebrate the world’s top hotels, resorts, cities, countries, islands, spas, trains, airlines, airports, cruises, and more. Press Release (EL SAN JUAN, PUERTO RICO) Oct. 4, 2022 – Condé Nast Traveler today announced the results of its annual Readers’ Choice Awards with Fairmont El San Juan Hotel recognized as the #1 Hotel in the ..read more
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MCS obtains prestigious computer security certification
Caribbean Business
by Caribbean Business
1y ago
Press Release San Juan, Puerto Rico. MCS, a leading company in the health care segment in Puerto Rico, was recently certified as an entity that meets the requirements of the ISO/IEC 27001 Information Security Management System standard. The companies that obtain this certification voluntarily undergo a rigorous self-assessment to assure their clients and policyholders that ..read more
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Think Strategically: Eight Days and Seven Nights: Puerto Rico’s Total Blackout
Caribbean Business
by Caribbean Business
1y ago
Eight days and seven nights would usually make for a great vacation, a trip or a life-changing experience one would not easily forget. For the second time in the last five years, our lives in Puerto Rico were ushered into a time machine and sent back to the 19th century a mere 24 hours just ..read more
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