DACO suing Amazon for discriminating against P.R. consumers
October 26, 2011
After failed attempts to convince online retailer Amazon to reinstate its free shipping option to Puerto Rico, the Consumer Affairs Department is preparing to file a lawsuit against the Seattle, WA-based company for discriminatory practices, News is my Business confirmed Tuesday.
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Private banks backing community reinvestment initiatives
October 26, 2011
Members of the island’s banking sector continue building on expanding the concept of “participatory democracy” through community reinvestment initiatives that are the focus of its 9th annual Community Reinvestment Week event that wraps up Friday.
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Ag. Sec.: Farming activity needs private banking support
October 25, 2011
Agriculture Secretary Javier Rivera-Aquino has set off an agressive strategic plan to convince private banks, which for years have shied away from the volatile sector, to invest in farming activity and new projects.
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Haiti’s ambitious tourism development plans could spark competition for P.R., other islands
October 25, 2011
New hotels, cruise-ship projects and tourist facilities are all on the drawing board for Haiti as it struggles to attract foreign investment and recover from the magnitude-7.0 earthquake that leveled Port-au-Prince and destroyed the island nation’s fragile economy nearly two years ago.
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P.R. Convention Bureau snags ‘Smart Meetings 2011’ Platinum Choice award
October 25, 2011
Readers of Smart Meetings magazine, a monthly publication for meetings and convention planners, have chosen the Puerto Rico Convention Bureau as a winner of the 8th Annual 2011 Platinum Choice Award.
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CofC to host telecom conference
October 25, 2011
The Puerto Rico Chamber of Commerce will sponsor next month the “Puerto Rico Telecom Conference 2011: The New Future,” through which it seeks to give participants a chance to exchange ideas on telecommunications technologies, achieving greater Internet access, and how going online can help companies to grow, reach new markets, and innovate.
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Puma Energy wrapping up $32M investment in former Capeco fuel depot
October 24, 2011
Two years after a historic explosion rocked the former Caribbean Petroleum Corp. fuel depot in Bayamón, its new owner Puma Energy Caribe is on the verge of completing a $32 million investment to transform the site into a state-of-the-art facility, company officials said Monday.
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For mega-mall operators ‘makeovers’ is the name of the game
October 24, 2011
Shopping center operators, such as DDR Corp., that manage a sizeable portfolio of malls are looking more toward remodeling existing properties rather than building new ones from scratch — a trend that will likely stick for the next two or three years, John Kokinchak, senior executive vice president of the company told News is my Business in a recent interview.
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$11M cancer therapy center opens in Humacao
October 24, 2011
The Instituto de Radioterapia del Este, a radiotherapy cancer treatment center featuring the most advanced and innovative technology recently opened in Humacao, following an $11 million investment. Owners promise quicker treatments with the best success rates in Puerto Rico, Latin America and the Caribbean.
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Use networking to promote your business
October 24, 2011
The most effective form of marketing is word-of-mouth. But people can’t spread the word about you and your small business if they don’t know you.
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Dairy farmers may be forced to dump 7M quarts of milk
October 21, 2011
Farmers grouped under the Puerto Rico Farm Bureau’s dairy sector could be forced to dump some 7 million quarts of raw milk at the farm level due to the inaction of the government agencies regulating the industry, which has left them with a surplus in production, trade group leaders said Friday.
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San Juan Bautista Medical School court decision on hold
October 21, 2011
The U.S. District Court in San Juan is giving the parties in the ongoing controversy roiling San Juan Bautista School of Medicine (SJBSOM) more time to present supporting evidence to back up their respective claims.
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Senate probing alleged phone service subsidies scam
October 21, 2011
Upon learning earlier this week that more than 200,000 local consumers are allegedly committing fraud with subsidies offered on residential and wireless telephone services, Sen. Lornna Soto will visit the Telecommunications Regulatory Board today to collect documents and other information that may be referred to local and federal law enforcement authorities.
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Fortuño signs law to move ‘Science District’ forward
October 21, 2011
Governor Luis Fortuño turned into law Thursday a bill to stimulate science and technology through the creation of the Puerto Rico Science, Technology and Research District and boost the financial support given to the Science, Technology and Research Trust.
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Alemán: Banking sector pulling out of crisis, but still faces hurdles
October 21, 2011
First BanCorp President Aurelio Alemán echoed Thursday what many other banking executives have been saying in recent months: the sector is slowly starting to pick up the pieces after the storm, but much work remains ahead for it to thrive again.
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