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St. Regis Bahia Beach Resort earns new Forbes Travel Guide Five-Star award

The St. Regis Bahia Beach in Río Grande earned a new Forbes Travel Guide Five-Star award and is showcased with other honorees on ForbesTravelGuide.com, the hotel announced. Forbes Travel Guide, the only global rating system for luxury hotels, restaurants and spas, announced its 2021 Star Awards on Monday. The St. Regis Bahia Beach Resort is already the Caribbean’s first and only certified Gold Audubon Signature Sanctuary, Puerto...

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Puerto Rican Endowment for the Humanities renews its Enciclopedia PR

The Puerto Rican Endowment for the Humanities launched its renewed Enciclopedia PR, an online reference and general education resource on the society, history, and culture of Puerto Rico. This free access publication, available at enciclopediapr.org, has more than 1,300 texts in Spanish, with revised English versions to be incorporated in the upcoming weeks. Its comprehensive content includes biographies of prominent Puerto Rican...

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LUMA Energy will not increase energy rates through ’24

LUMA Energy, the company that will operate Puerto Rico Electric Power Authority’s electric power transmission and distribution system for the next 15 years, vowed not to increase rates during the first three years after it officially begins operating on June 1, 2021. In a presentation to members of the media, LUMA CEO Wayne Stensby confirmed that the company will file this week with the Puerto Rico Energy Bureau the plans, budgets,...

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AON: Health insurance rates will spike 8.8% in ’21 in LatAm, Caribbean

The costs of company-sponsored medical plans in Latin America and the Caribbean will increase by 8.8% in 2021, exceeding headline inflation by 6.4%, according to its 2021 Global Medical Trends Rate Report by professional services firm Aon plc. “COVID-19 has demonstrated the need for better global governance regarding the management of medical programs,” said Maricarmen Burgos, executive vice president of Health Solutions for Aon...

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Treasury Secretary to pull double-duty as government CFO

Gov. Pedro Pierluisi announced Sunday he has appointed Puerto Rico Treasury Secretary Francisco Parés as the government’s chief financial officer, to prioritize the completion of the audited financial statements. His appointment is effective immediately. “It’s necessary to have an accurate map of our finances to be able to responsibly establish the fiscal solutions we need,” Pierluisi said. “To get rid of the Financial...

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Acrecent Financial Corp. closes $13M credit line for Puerto Rico Hospital Supply

Acrecent Financial Corp. announced it partnered with BluHaus Capital, Puerto Rico Fund for Growth, and Farragut Capital Partners to extend a $13 million bridge loan to Puerto Rico Hospital Supply. Since its founding in 2004 Acrecent has consistently made credit accessible to small- and mid-sized enterprises (SMEs) — at times against challenging backdrops including the global financial crisis, a protracted recession and the bankruptcy...

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Discover Puerto Rico focused on attracting ‘responsible’ travelers

Puerto Rico’s Destination Marketing Organization, Discover Puerto Rico, has been following the pent-up demand that has been building up among people who have been unable to travel but are still dreaming of their next vacation. The organization’s focus has been inspiring responsible travelers by positioning Puerto Rico as a safe destination, while keeping the brand top of mind. “We’re starting to see movement in the booking...