Ford Motor Company spent nearly a year looking for a partner to re-enter the Bayamón region, ultimately picking AutoGrupo to plant its flag through a new $5 million dealership slated to open April 1, representatives from both companies announced Tuesday.
Some 11,200 solar heaters were installed in Puerto Rico during 2011 and 2012, following the injection of more than $20 million in American Recovery Act and Reinvestment Act funds into local product manufacturers, Resident Commissioner Pedro Pierluisi and Energy Affairs Administration Executive Director Luis Bernal said Tuesday.
Joined by a contingent of municipal and central government officials, Walmart Puerto Rico announced Tuesday the construction of its future $31 million Supercenter store in Toa Baja, expected to open at the end of this year.
The Food and Drug Administration has issued a stern warning to pharmaceutical manufacturer Warner Chilcott Company, LLC in Fajardo for not taking sufficient corrective action related to its birth control pill production.
Local yogurt maker Orgánica Yogurt Inc. recently signed an agreement with Puerto Rican grocer SuperMax to begin selling its thick, creamy yogurt products at seven of the chain’s 16 stores, company officials announced.
A deduction on the tax return is allowed for an unforeseen loss of the principal residence of a taxpayer incurred during the taxable year.
Banco Popular’s institutional program “Finanzas en tus Manos” (“Your finances in your hands”) rolled into the island municipality of Culebra on its latest stop through an islandwide tour that will blanket 25 towns.
British liquor producer Diageo has kicked off the recruitment of college students interested in participating in its “Learning for Life” program, an eight-week hands-on training on Puerto Rico’s service and tourism industry.
JetBlue Airways filed with the U.S. Department of Transportation a "capital-to-capital" application for permission to launch new nonstop service from Ronald Reagan Washington National Airport to San Juan, a route that has been unattended for quite some time, the company announced Monday.
The Puerto Rico Industrial Development Company’s board approved a $1.6 million assignment to the Central Eastern Technological Initiative, to match federal funding granted by the U.S. National Telecommunication and Information Administration to expand broadband access to economically disadvantage communities in the region, Economic Development and Commerce José Pérez-Riera, who also heads Pridco, said Monday.
It’s no big secret that Puerto Ricans have changed their shopping habits in the wake of the tough economic times experienced in the last six years. So much so that using what was once taboo, a discount coupon, is becoming a daily occurrence due in part to the proliferation of online companies dedicated to offering everything from a manicure to furniture cleaning services at a fraction of the cost.
The Porsche World Roadshow recently pulled into Puerto Rico, one of the iconic automaker’s top Latin American markets that despite maneuvering a prolonged economic downturn, continues to fuel regional sales.
The Treasury Department is keeping up the pace in processing this year’s tax returns, reimbursing more than $28.7 million to 31,494 taxpayers who have filed their planillas well ahead of this year’s April 17th deadline, agency Secretary Jesús Méndez said.
Brahman Industries, the developer of a tsunami and flood shelter system known as the STATIM, announced Thursday it has entered into a collaborative agreement with Martínez Marine Design Inc and Creative Systems Inc. to validate the structure’s design and capabilities and move forward to producing and testing full-scale prototypes.
In the last decade, Puerto Rico’s banking institutions have become more proactive when it comes to detecting and reporting suspicious possible money laundering activity to local and federal authorities.
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA