Popular Community Bank inaugurates new NY HQs
June 26, 2015
High-ranking Popular Inc. executives were in this city this week to inaugurate the new headquarters for its Popular Community Bank business in North America, with expectations that the operation will generate more than $100 million in revenue over the next two or three years.
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Total Petroleum to invest $32M in Puerto Rico
June 25, 2015
Total Petroleum Puerto Rico Corp. announced Wednesday plans to invest some $32 million to expand and renew its terminal located in Guaynabo.
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Seguros Múltiples to offer compulsory insurance
June 25, 2015
Starting July 1, the Cooperativa de Seguros Multiples will begin competing in the compulsory insurance market with a new policy known as the Seguros Múltiples Compulsory Insurance.
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‘Virtual Educa’ to hold ’16 conference in Puerto Rico
June 24, 2015
Puerto Rico will be the host of the 17th annual Virtual Educa 2016 International Gathering next year, on June 20-24, when thousands of educators from the region will gather at the Convention Center in Miramar.
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Retailer Anna’s Linen’s begins closeout sale at P.R. stores
June 22, 2015
Home goods retailer Anna’s Linens, which made its debut in Puerto Rico a little more than three years ago, has begun its going-out-of-business sale as part of a company-wide bankruptcy proceeding.
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Summit draws P.R./NY leaders lobbying for equality
June 19, 2015
Dozens of key Hispanic business leaders from New York, New Jersey and Puerto Rico gathered in New York this week for the first “Puerto Rican & Hispanic Business Summit” to discuss common business opportunities and challenges.
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Sea Star Line embarks on Port of San Juan expansion
June 18, 2015
Gov. Alejandro García-Padilla on Wednesday toured the San Juan port zone where marine cargo company Sea Star Line will invest $400 million to integrate two new cargo ships into its service and make terminal improvement to accommodate increased activity.
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GDB liquidity down 24% in May to $778.8M
June 16, 2015
The Puerto Rico Government Development Bank released Monday its latest liquidity report showing the agency had $777.8 million left as of May 31, representing a 24 percent drop from the $1.02 billion it had in April.
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P.R. featured in Christie’s global luxury real estate report
June 15, 2015
Christie’s International Real Estate has included Puerto Rico’s high-end real estate market in the third edition of its annual research that examines the world’s top cities for prime property. This is the first time the island is featured.
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Community Investment Fund reaps $1.1M in 7 months
June 12, 2015
The Community Investment Fund, launched last November with an initial $500,000 contribution from its founder, the Puerto Rico Community Foundation, has more than doubled its capital base to $1.1 million in investments from the private sector, the nonprofit announced Thursday.
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Viandharina to produce, package locally grown harvests
June 12, 2015
Viandharina, a new agro-industrial company based in Salinas, has opened for business in the south following a $1.6 million investment in a plant that seeks to substitute imports of several Puerto Rican food staples, including sweet and green plantain and breadfruit “tostones.”
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Financial planning key to weathering economic storm
June 12, 2015
Although the island’s economy is facing one of its most difficult moments, it is still possible to weather the storm with proper financial planning, executives from Banco Popular’s securities and insurance divisions said Thursday.
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Olive Garden reports $8M in sales, opens 2nd restaurant
June 12, 2015
During its first year as a new player in Puerto Rico’s casual-dining segment, Olive Garden in Bayamón has reportedly generated sales of more than $8 million, franchisee Restaurant Operators Inc. said Thursday.
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Sacred Heart University opens creative tech space
June 12, 2015
Virtual reality, creative technologies, three-dimensional animation, game technology, real-time animation, innovation and vision are some of the elements that will be available at Sacred Heart University’s new Studio for Creative Technologies, which will open in August, school officials announced Thursday.
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Expedia: Travelers to save 18% on travel packages to SJ
June 10, 2015
Expedia Inc., in partnership with Airlines Reporting Corporation and other organizations, released the findings of a study on air travel trends that concluded, among other things, that travelers to San Juan — from North America and Europe — will save an average of 18 percent, up to $484, on their trips booked between June and September 2015.
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