Archive for January, 2012

LMM airport up for $40M in improvements
January 31, 2012, 2 Comments

Puerto Rico's main international airport is undergoing extensive upgrades, to the tune of $40 million, in the next year.

Oriental reports 4Q ’11 losses tied to string of one-time charges
January 31, 2012, No Comments

Oriental Financial Group Inc. reported a loss of $13.1 million during the fourth quarter of 2011 for its Puerto Rico ope ...

Scotiabank offers to pay closing costs through novel mortgage-refinancing program
January 31, 2012, 1 Comment

Scotiabank Puerto Rico recently launched its "Switch your Mortgage" loan program to allow customers looking to lower the ...

P.R. ‘Best Employers’ survey underway to choose top companies
January 31, 2012, No Comments

Aon Hewitt is opening participation in this year's 'Best Employers' survey, to find Puerto Rico's top companies to work ...

Kia shoots for 30% growth in ’12, 5th place ranking in P.R.
January 30, 2012, No Comments

Kia Motors Puerto Rico is counting on its redesigned models and a strong dealership network to drive a 30 percent growth ...

Unbranded local debit cards no longer accepted at many stateside retailers
January 30, 2012, No Comments

Puerto Rico debit card holders may be hard-pressed to find stateside retailers accepting them as payment options, after ...

Fleets, improved credit conditions drive 1.5% auto sales increase in ’11
January 27, 2012, No Comments

Puerto Rico’s auto industry reported a 1.5% growth in 2011 that is expected to continue with an increase of between 1 ...

SBA backs 157 loans worth $22.2M in 1Q ’12
January 27, 2012, No Comments

During first three months of the fiscal year the SBA has backed 157 loans in Puerto Rico and the U.S. Virgin Islands wor ...

Food distributor Happy Products expanding to retail, abroad
January 26, 2012, No Comments

Happy Products is now ready to expand beyond the island’s institutional market and into the retail sector in Puerto Ri ...

Ford Motor Co. opens ’12 environmental grant cycle
January 26, 2012, No Comments

Ford Motor Co. kicked off this year’s Conservation & Environmental Grants program to benefit Puerto Rico schools, nonp ...