San Patricio Plaza ushers in 6 new, remodeled stores
November 10, 2016
As a preamble to San Patricio Plaza shopping center’s plans and new projects for 2017, the mall announced the arrival and remodeling of six stores and establishments.
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R&D investments slip by 1.3% in Fiscal ’15 to $443M
November 7, 2016
A study released by the Puerto Rico Statistics Institute showed that Research & Development investments during Fiscal 2015 were $443.3 million, or to 0.43 percent of the island’s GDP. This represents a slight 1.3 percent drop compared to Fiscal 2013.
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Telecom Board: P.R.’s internet adoption rate on the rise
November 7, 2016
Puerto Rico’s internet adoption rate continues increasing, reaching 81.6 percent during the first quarter of 2016, Telecommunications Regulatory Board President Javier Rúa-Jovet said, citing statistics published by Akamai Technologies.
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8 P.R. agricultural producers split $1.6M from USDA
November 7, 2016
The U.S. Department of Agriculture has granted nearly $1.6 million to eight agricultural producers in Puerto Rico to help them enter into value added activities related to the processing and/or marketing, generating new products, creating and expanding marketing opportunities and increasing producer income.
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2 Popeyes restaurants to open at LMM Int’l Airport
November 4, 2016
Management Group Investors and Popeyes Louisiana Kitchen Inc. have signed an agreement to open the first two restaurants at the Luis Muñoz Marín International Airport, through a $1.6 million investment.
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Ford grants $40K to 7 environmental organizations
November 4, 2016
Seven organizations focused on environmental conservation will split $40,000 in grant funding from the most recent round of funding provided by Ford in Puerto Rico as a part of Ford Motor Company's Conservation & Environmental Program.
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Rock Solid, GTEC join forces to expand to Dom. Republic
November 3, 2016
Rock Solid Technologies Inc., a Puerto Rican firm specializing in technology development and services in Latin America and the United States, announced Wednesday it recently signed a strategic alliance with Dominican firm Gestión Tecnológica (GTEC) to establish operations in the neighboring island nation.
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Owners of Budatai restaurant file for Ch. 11 bankruptcy
November 3, 2016
The owners of Asian fusion restaurant Budatai, headed by renown Chef Roberto Treviño, have filed for Chapter 11 bankruptcy protection, citing more than $400,000 in debt, according to the documents on record at the U.S. Bankruptcy Court.
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Oriental boosts presence among young people, women
November 3, 2016
Oriental Bank has implemented a number of strategies to expand its customer base and increase its market share of young people and women, achieving sustained growth for the past 18 months, company officials said Wednesday.
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Red Cat Propware opens HQs in Humacao, is hiring
November 3, 2016
Red Cat Propware, a provider of software and services for the drone industry, today announced its official launch and headquarters opening in Humacao, company CEO Jeff Thompson confirmed Wednesday.
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SME study: 53% of P.R.’s adults scale back on purchases
October 28, 2016
More than half, or 53 percent of Puerto Rico’s adult population, confirmed in a recent study that they have stopped buying products or services because of the island’s economic situation.
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New stores, revamped tenants at Plaza Las Américas
October 28, 2016
Hato Rey mega-mall Plaza Las Américas is gearing up for the holiday season with the arrival of several new stores, as well as expansions and revamping of existing tenants, officials announced Thursday.
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P.R. gets $375K in USDA grant funding for rural growth
October 28, 2016
Puerto Rico will receive $375,606 in funding through the U.S. Department of Agriculture’s Socially Disadvantaged Groups Grants and Rural Community Development Initiative (RCDI) Programs, agency officials announced Thursday.
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Popular Inc. reports $46.8M in net income for 3Q16
October 26, 2016
Popular Inc. released earnings for the third quarter on Tuesday, reporting net income of $46.8 million for the three-month period ended Sept. 30, 2016, compared to net income of $89 million for the quarter ended June 30, 2016.
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Co-op regulator drafting fiscal stability plan for Board
October 25, 2016
The Public Corporation for the Supervision of Puerto Rico Cooperatives, or COSSEC as the entity is known in Spanish, confirmed it is drafting a “fiscal stability plan” where the sector will present strategies to stabilize the island’s co-op system and its more than 1 million members.
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