The Economic Development Bank and the Puerto Rico Industry Investment Board announced Tuesday the start of a financing program to provide credit lines of between $50,000 and $900,000 to local companies seeking to selling products and services to the government but who lack the necessary funds to get the process going.
Eight months after entering the Puerto Rico market, Multinational Insurance Company has received a favorable review from prestigious credit ratings agency A.M. Best Co.
Looking to foster Puerto Rico’s potential in pharmaceutical innovation, drug developer Merck has partnered with the Yale School of Medicine and the Comprehensive Cancer Center at the University of Puerto Rico to launch a drug discovery and development teaching program.
Four teams comprising local students and entrepreneurs walked away the winners of Puerto Rico’s first mobile application development competition sponsored by Microsoft, Nokia, the Economic Development Department, and the Puerto Rico Gamers Association.
Banco Popular and its agency JWT Puerto Rico were awarded the prestigious Grand Prix Lion for public relations at this year’s Cannes Lions International Festival of Creativity in France for the bank’s “Echar Pa’lante” institutional campaign.
The Federal Communications Commission has issued a $25,000 fine against A Radio Company Inc., operator of the WEGA 1350 AM radio station, for failing to uphold an agreement entered into between the parties last year through which the Vega Baja operation agreed to pay $8,000 for violating agency rules.
While recognizing that the Gov. Luis Fortuño administration’s financial strides “have been large and comprehensive,” Bank of America Merrill Lynch said in a recent report that Puerto Rico still has challenges ahead before achieving a full recovery.
It’s no secret that getting, renewing or replacing a driver’s license — or just getting a plain ID card — in Puerto Rico is about as unpleasant as getting a flat tire when you don’t have a spare. The complicated forms, the long lines, and the sometimes irritable staff, can all add up to an all-day, cumbersome process that thankfully usually comes around every four or five years.
Puerto Rico’s banking sector is not generating enough deposit activity to fund loan demand, which makes it very competitive and leads to higher deposit costs when compared to the mainland U.S.
Just in time to fight off the scorching summer months, frozen yogurt chain Yogen Früz is rapidly expanding its local presence with the recent addition of its Plaza Esmeralda location in Guaynabo, plus plans for future locations slated begin serving the cold treats in Old San Juan, Mayagüez and Carolina in coming weeks.
The 2011 International Congress and Convention Association’s (ICCA) recently released country rankings show that the number of association meetings taking place in Puerto Rico more than tripled to 30 in 2011 from nine in 2010, when the island hosted a mixed bag of groups.
In keeping with its role of overseeing agencies and tour operators in Puerto Rico, the Tourism Company issued Thursday a “cease and desist” order against Mayagüez company JD Reservation Services for operating as an unlicensed travel agency.
The Puerto Rico Child Support Administration, or ASUME, is looking to cut down on data and identity theft while achieving greater operational efficiencies by turning to Microsoft technology to digitize its records, the agency said Thursday
In keeping with its corporate practice of participating in the discussion of issues affecting the island, Banco Popular unveiled Thursday its newest exhibit, called “On/Off: Energy options for Puerto Rico,” at its Old San Juan building.
The Puerto Rico Public Finance Corporation placed and sold $410 million in bonds in the local market, the proceeds of which the agency will use to refinance existing debt and save $6.6 million in interest payments.
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