T-Mobile grows 10% in ’15, as PR mobile sector shrinks
February 19, 2016
T-Mobile Puerto Rico executives said Thursday the wireless carrier experienced a 10 percent growth on the island in 2015, while the industry as a whole shrank by 2 percent.
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PRHTA sues to keep politics out of tourism marketing
February 18, 2016
The Puerto Rico Hotel and Tourism Association filed a lawsuit at the San Juan Superior Court Wednesday to protect the destination’s marketing campaign from being affected by “undue intervention” from the State Elections Commission, trade organization Chairman Miguel Vega confirmed.
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P.R. gov’t publishes draft of FY ’14 unaudited financials
February 17, 2016
The Puerto Rico Treasury Department released Tuesday a draft of the Commonwealth’s unaudited Basic Financial Statements for the fiscal year ending June 30, 2014, more than a year after their required release.
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20 years later, Telecom Reform Act delivers on promise
February 16, 2016
The telecommunications industry is marking the 20th anniversary of the Telecom Reform Act of 1996, which in Puerto Rico sparked unprecedented levels of competition in a sector formerly dominated by a single carrier and astronomical calling rates.
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Cidrines bread, pastry footprint covers 500 U.S. stores
February 11, 2016
Puerto Rican artisan wholesale bakery Cidrines announced Wednesday a significant expansion of its stateside reach through the delivery of its fresh pastries and breads to more than 500 stores across the Florida market.
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Gov’t: P.R. retail sales show 3% YOY drop in Oct. ’15
February 10, 2016
Puerto Rico retail sales for the month of October 2015 — the most recent available from the government — showed a 3 percent drop in comparison to the same month in 2014, to $3.1 billion.
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P.R. bankruptcies up 3% in Jan., Ch. 11 cases up 200%
February 5, 2016
Puerto Rico began 2016 with 716 bankruptcy filings in January, representing a 3 percent year-over-year jump, statistics released Thursday by analyst firm Boletín de Puerto Rico show.
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Study: ‘Millennials’ represent 22% of P.R.’s population
February 5, 2016
“Millennials,” or those people born between 1980 and 2000, represent 22 percent of Puerto Rico’s population, and represents a generation of togetherness with family, with friends, collaborating with teams to study and work.
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State Dept. unveils new biz tool within PR.gov website
February 5, 2016
Puerto Rico government officials announced Thursday the availability of the “Virtual Enterprise Management” business page located in the PR.gov website that will initially allow the business sector to enroll in the Registry of Corporations, the and the Department of Labor and Human Resources online records.
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Banco Popular to launch 3 tech projects in ‘16
February 5, 2016
Banco Popular’s technology team announced Thursday three key projects to be unveiled this year: “mobile wallets,” “cardless cash access,” and the integration of its “ATH Móvil” and “Mi Banca Móvil” applications.
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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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