Entrepreneurial college students are the kind of people Banco Santander wants to support not only in Puerto Rico, but wherever it does business worldwide.
In the last 36 months, the Puerto Rico Industrial Development Company has helped to promote seven companies in the textile industry that have vowed to invest $40.5 million and create 1,582 direct jobs, Executive Director José Pérez-Riera said Thursday.
As part of its commitment to women at all of their professional stages, Doral Bank this week celebrated the second edition of its “Style a Student” program, through which work attire is donated to college students with limited resources and helps integrate them to the labor force.
This summer Budweiser is flying more than 100 Puerto Rican fans on a once-in-a-lifetime journey to the famed Lollapalooza music festival in Chicago, on a chartered private jet.
Taubman Centers, Inc. announced Thursday that construction will begin this summer on the $405 million, 640,000-square-foot luxury shopping center formerly known as Plaza Internacional, now re-named The Mall of San Juan, located just off the Teodoro Moscoso Bridge in San Juan.
Puerto Rico’s demographics have significantly influenced its housing market in recent years and it is expected to continue playing a crucial role in the future of the local housing market, according to the findings of the “Puerto Rico Housing Market Outlook 2011-2015” study revealed Wednesday by the Puerto Rico Bankers Association.
New York-based JetBlue is marking its 10th year of service in Puerto Rico by investing $3 million to move into its own terminal facility at the Luis Muñoz Marín International Airport this summer. And although the carrier is not officially calling its local operation a hub, its 40 daily flights, and counting, have made it Puerto Rico’s dominant carrier.
Eight weeks into the process of finding a private operator to design, build, finance and maintain the proposed “New Juvenile Social Treatment Campus” in Yauco, the Public-Private Partnership Authority announced Wednesday it received 11 proposals from local and international interested consortiums.
Puerto Rico’s unemployment rate stood at 14.8 percent in April, representing the lowest level in 16 months. The number of employed people on the island increased by 22,000, while those on the unemployment lines were the lowest in the last four months.
About half of Puerto Rico’s population — split almost evenly between men and women between 25 and 39 years old — uses the Internet to work or socialize, according to the 2012 edition of the Sales & Marketing Executives’ “Digital & Mobile Behavioral Study.”
T-Mobile USA announced Tuesday there will be a second round of layoffs in coming weeks as it continues to restructure its operation, a decision that will have no impact on its Puerto Rico operations, local officials confirmed.
Doral Financial Corp. reported net income of $2.6 million for the quarter ended Mar. 31, which reflected a 21.2 percent drop in comparison to the $3.3 million reported for the same year-ago quarter.
The Puerto Rico Broadband Task Force, a 12-member public-private coalition organized a year ago, is laying the foundation to more than double current broadband adoption levels across the island to at least 70 percent by 2015, up from the current 31 percent, and expedite a significant increase in download speeds within the next five to eight years.
Last year, California-based Cuba Travel Services launched, with great fanfare, the first direct charter flights between Puerto Rico and Cuba since the 1959 revolution that brought Fidel Castro to power.
Hoteliers are generally optimistic that 2012 will bring a modest recovery to Caribbean tourism arrivals, but at a recent conference in San Juan, there was plenty of grumbling that for too long, hotels have been shouldering an unfair tax burden when compared to the cruise industry.
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