Tiffany & Co. to debut at The Mall of San Juan in March
February 3, 2016
In association with a local retail partner, Tiffany & Co. will open its first store in Puerto Rico in coming months at The Mall of San Juan, Nathan Strauss, director of corporate communications for the luxury jewelry store chain confirmed to News is my Business.
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Parallel18 gets 400 applications in 1st global call
February 3, 2016
International startup accelerator Parallel18, based in Puerto Rico, closed its first global call for startups last week with more than 400 applications from more than 30 countries.
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PRASA to drain rate stabilization fund to pay $90M debt
February 2, 2016
The Puerto Rico Aqueduct and Sewer Authority is considering dipping into its rate stabilization fund to pay off $90 million due to creditors by month’s end, which would drain the reserve entirely, utility officials said Monday.
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REMAG coupon kiosks back in 24 P.R. supermarkets
February 2, 2016
REMAG, a program that rewards consumers with coupons when they recycle their newspapers, helps the community, promotes local economic development, and helps save the planet, launched its distinctive green and white kiosks in 24 supermarkets across Puerto Rico Monday.
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Executives named at QBE, interCaribbean Airways, more
February 2, 2016
In recent weeks, local companies have made executive appointments across a number of sectors, namely insurance, tourism and the arts.
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Full Circle Communications ushers in 12 yrs., new image
February 2, 2016
Consulting and media management firm Full Circle Communications is marking its 12th anniversary with a new corporate image and the launching of a new division to provide customized trainings for executives in times of economic challenges.
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U.S. House to explore solutions to P.R.’s debt crisis
February 1, 2016
The U.S. House Subcommittee on Indian, Insular and Alaska Native Affairs Committee will hold an oversight hearing on Feb. 2 to provide commentary on a possible solution to the Puerto Rican debt crisis, emphasizing on improved management policies and long-term sustainability.
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First Bank’s Alemán: ‘2015 seemed like two years in one’
February 1, 2016
First BanCorp. wrapped up what top executives called a “very busy year” with net income of $21.3 million, or $0.10 per diluted share for 2015, compared to $392.3 million, or $1.87 per diluted share, for the year ended Dec. 31, 2014.
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Para La Naturaleza to open Roosy Roads visitor’s center
February 1, 2016
Nonprofit environmental organization Para La Naturaleza recently signed a 20-year lease with the Roosevelt Roads Redevelopment Authority to open a visitor’s center at the former naval base in Ceiba.
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Bankers Assoc. backs approval of PREPA overhaul bill
February 1, 2016
The Puerto Rico Bankers Association has called upon the legislature for the prompt approval of the Puerto Rico Electrical Power Authority Revitalization Act, which will enable the public corporation to complete the necessary restructuring process.
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Trio pursues sharing tech info from Puerto Rico
February 1, 2016
Three local experts on business intelligence and technology are pursuing the creation of a global information community in Puerto Rico.
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PREPA, bondholders return to negotiating table
January 28, 2016
The Puerto Rico Electric Power Authority and its bondholder group announced this morning they have resumed talks, after walking away from the table nearly a week ago.
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ESJ Towers rebadged as ESJ Azul after $12M facelift
January 28, 2016
ESJ Towers, located in the municipality of Carolina, has undergone an extensive six-month renovation to the tune of $12 million led by travel industry veteran Keith St. Clair. After the renovation that added approximately 30 direct employees to the roster the property has been re-branded as ESJ Azul.
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Study: P.R., Kansas effect highest sales tax hikes in ’15
January 28, 2016
Puerto Rico and the state of Kansas implemented the most significant sales tax rate increases in 2015, according to the annual sales tax rate study released Wednesday by corporate tax solutions provider Vertex Inc.
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46 U.S. Democratic lawmakers press for action for P.R.
January 28, 2016
U.S. Senator Maria Cantwell (D-Wash.), ranking member of the Senate Energy and Natural Resources Committee, along with Minority Leader Harry Reid and 44 other Democrats and Independents in the Senate, wrote to Leader Mitch McConnell urging bipartisan, legislative action to give Puerto Rico access to the appropriate financial restructuring tools.
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