Planning Board pegs ’15 economic growth at 0.2%
April 30, 2014
The Puerto Rico Planning Board released Tuesday its economic projections for Fiscal years 2014 and 2015, in which it is estimated a base growth in real Gross Domestic Product of $6.5 billion million this year, representing an increase of 0.1 percent compared to Fiscal 2013.
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Banco Popular, El Mesón team up for good cause
April 30, 2014
The Banco Popular Foundation has teamed up with El Mesón Sándwiches to support the “Home Run por el Futuro” (“Home Run for the Future”) effort, whose mission is to raise funds for the Extra Bases Foundation, run by former Puerto Rican baseball great Carlos Delgado.
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Badillo wins big at FIAP competition for 2nd year in a row
April 30, 2014
Badillo Saatchi & Saatchi obtained eight Sun awards — one Gold, four Silver and three Bronze — at FIAP 2014, becoming the top winner from Puerto Rico for the second consecutive year at this festival and the second in Ibero America in radio.
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Governor pitches $9.64B budget, ‘reconstruction plan’
April 29, 2014
Puerto Rico Gov. Alejandro García-Padilla presented Tuesday a budget that includes about $1.4 billion in cuts, including the elimination of 23 agencies and about 100 schools, among other “rational uses of public funds.”
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U.S. Bank closes on $320M loan for Mall of San Juan
April 29, 2014
U.S. Bank, as joint lead arranger and administrative agent, closed on a $320 million loan for The Taubman Realty Group Limited Partnership to finance the development of The Mall of San Juan, a 650,000-square-foot shopping and entertainment complex in San Juan.
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NIMB joins Dow Jones international news service
April 29, 2014
News is my Business, Puerto Rico’s first English-language digital business newspaper, recently became part of the Dow Jones & Company international news service, putting the world’s focus on the island’s economic landscape.
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OFG reports $20.3M in 1Q14 earnings, up $2.6M YOY
April 29, 2014
Oriental Financial Group reported Monday earnings of $20.3 million for the first quarter of the year, representing $0.42 per share diluted, compared to $16.6 million, or $0.35 per share diluted, in the preceding quarter, and $17.7 million, or $0.37 per share, in the first quarter of 2013.
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FHLBNY reports $75.4M in net income for 1Q14
April 29, 2014
The Federal Home Loan Bank of New York released Monday its unaudited financial highlights for the quarter ended Mar. 31, disclosing, among other details, net income for the quarter of $75.4 million.
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Lands Authority: ‘There’s plenty of land to be developed’
April 29, 2014
Puerto Rico Lands Authority Executive Director Luis Rivero-Cubano recently told members of the Associated General Contractors that there are plenty of business opportunities for the sector to develop residential, tourism and commercial properties throughout the island.
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SBA, AARP Puerto Rico to host 4th ‘Mentor Day’ event
April 29, 2014
As part of Mentor Month, the Puerto Rico office of the U.S. Small Business Administration and AARP Puerto Rico will conduct their fourth Mentor Day event today.
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Meet Puerto Rico launches campaign in Brazil
April 29, 2014
Meet Puerto Rico successfully launched, in Brazil, the new “Escape the Meeting Blah!” promotion at "World Travel Market Latin America," the main Latin American travel industry show, held annually in Sao Paulo, Brazil.
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PR IT Cluster reveals plans, actions to promote IT sector
April 28, 2014
The Board of the Puerto Rico of Information Technology Cluster (PRITC), an organization dedicated to making Puerto Rico a global leader in the IT industry, recently unveiled its strategic plan and announced the actions it is taking to carry out its mission.
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2nd Famous Dave’s restaurant opens in Bayamón today
April 28, 2014
A year after making its local debut in Carolina, Famous Dave’s is opening its second BBQ restaurant in Bayamón today — a $2 million, 6,000 square-foot operation that will generate 275 jobs.
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Panama’s diplomatic row with Venezuela indicative of growing presence on world stage
April 28, 2014
WASHINGTON — One year after Nicolás Maduro’s election as president of Venezuela — in a voting process the opposition claims was rigged and illegal — the hand-picked successor to the late populist Hugo Chávez faces a country in chaos.
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Op-Ed: 1961 — A fateful year for Puerto Rico
April 28, 2014
In early April, the government of Puerto Rico disclosed the hiring of a New York law firm that has handled more than 30 sovereign debt restructurings, including those of Greece, Argentina, Iraq and Russia.
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